http://news.bbc.co.uk/1/hi/business/6948916.stm

Anything serious? Stocks not really specialty so anyone care to have venture?

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What's this i hear bed? Word has it you and Pam are sleeping together.

Here in the U.S. they say every Bull market must eventually undergo a 10% correction. Obviously, we are having it now. So, hopefully it can start back up now.

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"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

Giving you the opportunity to post brand-new "Dow 13k" *and* "Dow 14k" threads.

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Man up.

Yes!! Why wouldn't someone be happy when it goes up????

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"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

I'm happy when it goes up. I just don't think it's particularly meaningful in a broader sense, certainly not meaningful enough to create a thread over -- as the current correction demonstrates.

Note that I haven't created a "Dow falls" thread, either.

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Man up.

Well, I was just about to create a thread on it when I saw that Headless-Pixie had already done so.

I think both scenarios.....the DOW breaking records going up....or going down in a dramatic fashion like today are FAR MORE "meaningful" than say......starting 5 or 6 threads on Gonzales.

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"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

This is not a correction. It's uncertainty. Wall Street hates a lack of information. No one knows the true extent of the sub prime problem. Until Wall Street gets a good grasp on it buyers will be limited. In the meantime we'll get some bargain hunters coming in to prop up the market a bit, but I don't expect any major bull run until Wall Street figures out how to price in the issues in sub prime. But this is all short term stuff. The global economy is sound and the American economy, while slowing, is also sound. So in the longer run stocks will be fine. I say buy now while they're on sale.

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I wasn't born with enough middle fingers.

Whatever it is.....I agree; it's a good time to buy!! And it's looking like a lot of people agree as it's already recovered UP by 200+ points.

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"This is a time for a national imperative not to fail in Iraq." Condoleeza Rice, January 11, 2007

The times to not buy are when the ecomony is heading quickly to recession or the market is overpriced (leading to a correction). The market is not overpriced and a soft landing is more likely than a full blown recession. Regardless, the next President is not likely to inherit a robust economy.

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I wasn't born with enough middle fingers.

Here's what I want to know: Why do a lot of people think of "the market" as an example of "collective intelligence" and an efficient distributor of resources, when every day we see evidence that this isn't the case, and that investors succumb to herd mentalities and routinely ignore warnings and then overreact to the subsequent bad news?

Or is it like Winston Churchill's description of democracy: "the absolute worst form of government, except for all the others."

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Man up.