We've hit mass panic...Circuit Breakers are working overtime!
Jokingly I said on the Motley Fool Voting Poll that the market is going to trade up, waaaaay up.
So I wake up to see that the CIrcuit Breaker had to kick in around 8:00 a.m. due to the market being sold off up to its 5% limit in all 3 indexes.
We could witness a 1,100 point drop by 2:00 p.m. today and that leaves us with another Circuit Breaker Freeze for 1 hour. What happens after that freeze is anyone's guess.
But today marks the day the DOW will hit 6,000 at some point. The 7,900 point bottom that everyone was hoping was the bottom we can kiss goodbye.
The Stock Market is in absolute Nuclear Meltdown.
I can't help but laugh as I hear analysts on CNBC continue to say, "We just need buyers to realize how amazing cheap everything is here.. great values everywhere..."
Nothing in the entire stock market is a great value until this complete market meltdown mess is over and we have some stability for a change.
It looks like OCTOBER is set to be one of the worst MONTHS the stock market has ever witnessed.