What we are seeing is a classic Asset Bubble and resulting Panic. The values of stocks, real estate, and commodities were bid up to absurd levels. This a world wide phenomenon, not just a result of the the subprime mortgage debacle. Now is the time that great fortunes are made. Assets, especially stocks, have been depressed beyond their real value. Buy when there is blood in the streets. There may be some on November 5th.
Dow drops? What, is McCain gaining in the polls again /sarcasm, well no, that’s true actually