HERE's the 10% Correction :-) WELCOME IT WITH OPEN ARMS! (margin, 401k, investor)

[Thinking-man]

So, it's 8/21/2015 and the DOW has been down about 8% off the highs only a few weeks ago (350 points down yesterday, and another 200 down today)......and will probably continue down some more. Welcome this downturn with open arms and buy buy buy!

*here's to those who said we wouldn't have a correction anytime soon.

[elliotgb]

COF is leading the plunge: Oil, China and the Fed.

[Thinking-man]

* Make that 9% off the highs, and make that 400 points today!

[JRR]

Originally Posted by Thinking-man

* Make that 9% off the highs, and make that 400 points today!

The last hour should be interesting to see if the bargain hunters step in or if the panic continues.

[bmw335xi]

It's about time we get a correction, sheesh.

[Chaffeetrekker]

Originally Posted by JRR

The last hour should be interesting to see if the bargain hunters step in or if the panic continues.

I would never buy on a BIG down Friday.......There should be alot of selling on Monday morning due to margin calls.....I'll continue to ride SDS.....

[BMWZ4RUlz]

But the reversal will probably come MOnday and individual investors in their 401k's will miss out. Do it today.

[AmFest]

Originally Posted by Chaffeetrekker

I would never buy on a BIG down Friday.......There should be alot of selling on Monday morning due to margin calls.....I'll continue to ride SDS.....

Good call.

[Thinking-man]

Originally Posted by dshawg1

But the reversal will probably come MOnday and individual investors in their 401k's will miss out. Do it today.

Willing to bet real money that it will NOT do a reversal this coming monday. NOT.A.CHANCE.

[BMWZ4RUlz]

I have no idea, but I know you don't either Unless you are a Fed Chairman (and even they don't know).

I will say we bottom or reverse no later than Wed, probably Monday or Tuesday.