One Tough Day!!

This was one tough day. The down opening continued through the day with Dow down 360. GM and Washington Mutual got hammered and those are mighty big companies affecting a lot of others. Somewhat overlooked is that Countrywide, largest mortgage company, is sinking back to prior lows of a couple of weeks ago when they promised not to lose $1 billion again. It's problems will spread to others. The VIX or volatility index was up past 25, a very high & worrisome level. This is not time to panic. Right now, I kind of like this as I'm looking for more bargains & think they are coming. Hang in there, time to do homework to earn profits from future buying.