Global Downturn today - what are your thoughts?

[delph]

anyone read any quality articles/analysis about yesterday on sites other than marketwatch, wsj, nytimes, forbes

[maxtower]

Looks like Shanghai has already rebounded 4% today. I wonder whats in store for the US markets tomorrow?

Max

[john kane]

geez im down another $800 on opening. dropped $2K of my $20K share portfolio in last 24 hours.

impossible to know what to do from here. hold and hope is my strategy.

[hlacheen]

So because of the regulatory change in China there are no longer U.S. companies that are cheap relative to their fundamentals?

I am licking my chops atm.... "Be greedy when others are fearful" anyone?

[john kane]

ps. all bar one of mine are on the ftse.

[Thremp]

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geez im down another $800 on opening. dropped $2K of my $20K share portfolio in last 24 hours.

impossible to know what to do from here. hold and hope is my strategy.

[/ QUOTE ]

This is because you have no strat and no real idea what you are doing.

[mtgordon]

So I'm about to enter the market using index funds in the next few days/week. Obviously this is a buy and hold strategy, but do the recent events have any bearing on me such as when I should put my money in the market?

[Mempho]

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Earnings just don't support the current prices.

[/ QUOTE ]

I thought I heard that the average PE today is something like 14 and that this is not troubling by historical standards. I have not seen historical data about PEs but would be interested in seeing this data but dont know where to look for it. Anyone know a source?

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I heard Cramer say the same thing...time to break out the spreadsheet. A 14 PE is very buyable.

[Mempho]

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Looks like Shanghai has already rebounded 4% today. I wonder whats in store for the US markets tomorrow?

Max

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Europe down...I say down 1-2%.

[SplawnDarts]

[ QUOTE ]
So I'm about to enter the market using index funds in the next few days/week. Obviously this is a buy and hold strategy, but do the recent events have any bearing on me such as when I should put my money in the market?

[/ QUOTE ]

Either mid-afternoon today or mid afternoon tomorow is going to be a locally good time. Look for a concave up, leveled out graph in the index in question & decreased volume.

However, I have no real opinion on the longer term direction of the major indexes. This may be a horrid time on a larger scale. I make a point of only trading on a timeframe where I can accuratly predict what's going to happen, and my crystal ball rarely sees farther than about a week ahead.