posted on Aug, 8 2011 @ 08:42 PM
I would have to agree that the Asian markets will be the key since they start things off. If they stabilize then the rest will follow suit. Today
was the day for the part time investors (Ameritraders) to dump their stocks in a panic and for the savvy investors to sweep in and buy low.
I said this in another thread, the problem with the markets is all the part timers who watch the news, panic and sell. It's the old timers who buy
it up, ride out the storm and ultimately make a killing in this type of market.