Stocks, Gold take a beating
Wow. The Dow Jones closed down just over 416 points today. Nearly everything took a beating. Even Gold, the “recession proof” investment, took a bit of a beating. All in all, most of my portfolio felt that blast with the exception of RadioShack(RSH) which ended up over 2 points on a really nice announcement about their 4Q results.
Of course, now is not the time to panic. Wait and see what kind of a rebound it makes in the next few weeks. I think we’ll see a leveling off eventually and really not miss out on much except a few days profits. Besides, at this point in my investing career, it’s all buy and hold anyways.
Technorati Tags: investing, dow jones, dow, gold, radioshack
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Harm said,
Wrote on February 27, 2007 @ 7:17 pm
If you’re investing, stocks going
down is good….to a point. you get to
buy more