Monday, October 6, 2008
Stocks Falling On Wall Street
The Stock market went below 10,000 for the first time in four years as many people are selling what they have. Over 3,000 stocks were heading down today and this trend of sell-offs will probably continue for awhile. One thing that many people have not figured in is the United States is not the only country with this problem. More countries are dealing with credit crunch and they really have no plans in place to fix it.
For right now the sell-off will probably continue until we see how everything is going to play out. Just like anything else you must ride it out and see were it goes before you decide to totally jump out of the stock market. Usually people who ride it out will do well in the end.