All HELL Broke LOOSE today:
GOOG Change: -16.39 is just one example. There are hundreds if not thousands of more examples how all hell broke loose today. Even stocks that beat estimates by a wide margin had a tough time staying green. One such stock was GLF, which went as high as $24 to start the day only to finish at $21.13
Nothing is working right, it dosn't ,matter if you pick a stock with great earnings or not.
Every stock gets hammered in the market regardless of earnings , fundamentals, or prospects..
CASH is KING
1997 stock lows hit today. That means if you invested in 1997, your investment is basically $0 for 12 years now. 12 years of no performance. Thats a hard pill to swallow for people that were planning on retiring.