[NoKids]

Originally Posted by louz4

Another idiotic comment from nobrains. The downturn would represent a loss of 1.2 trillion only if every person holding stock at a loss sold it the same day. You can bet this U.S. hater will have nothing to say when the market rebounds. And like the press looking to enlarge and sensationalize he quotes numbers he doesn't understand. Does anyone know what this stock was purchased for. If a stock is purchased for a dollar then rises to three dollars over a period of two years, then falls to two in one day is that a loss. No, it is as someone has already said a correction. Ten years ago people in my home state bought homes for a hundred thousand. In 2006 they were selling them for two hundred fifty thousand. Now the value of these homes is around one fifty. Now have these homes lost a hundred or gain fifty thousand. Some would say it depends on when you bought or sold. But its a not loss or a gain its simply a correction.
And the stock market will come back. As will the housing market. In spite of the chicken littles of the world screaming, the sky is falling. In time I believe most economists will consider this difficult period a healthy correction. After all we have just seen a long period of economic properity that was not always based in reality. Is one share of google really worth hundreds of dollars. The real book value of this and hundreds of companys is much lower than the stock value. this is fine when times are good but, like trying to look rich when your not sooner or later it will bite you on the ass. A very large correction is what we have here. My advice is if you have cash find solid companies and buy.

get off my ass paparazzi