Stock Market Sell Off Continues

As you know the U.S. stock market has been hit hard the past 2 trading weeks.  Friday was a crushing blow as the market was down well over 2%. The S&P 500 was down 2.66% on Friday and in a fortnight it has gone from over 1550 to 1433.

Again, it is decision time. After the sell-off from the week prior, I decided to plow more money into equities on Monday and Tuesday.  I was obviously premature in my actions as the individual stocks I invested in are down about 10% in less than a week of trading. Is August 6 another opportunity to invest in broad indices as they are at such a huge discount? Is it time to jump on some stocks that you think are undervalued?  I would say yes to both questions, but the market might have another tough week. You can’t predict the highs and you can’t predict the lows so you have to determine your own investing course.

Written by Nagel on August 5th, 2007 with no comments.
Read more articles on Investing.