About 5 years ago, it was a common situation to have blood on your screen. This was 2002 and we were in the middle of one of the worst sell-offs in modern stock market history. Every day was more miserable than the last and life sucked on Wall Street. On our quote screens at work, a stock that is up for the day is shown in green and a stock that is down is shown in red. Thus on really bad days, the screen was literally full of red...blood on the screen. Luckily for me and for investors around the world, these types of days have been rare since October 2002.
Today was a very bad flashback to those depressing days of 2001 and 2002. We were down 415 points on the Dow. I almost shit myself around 3pm when the market tanked 125 points in about 30 seconds. Something like that really scares the hell out of you, even if you are a professional who watches the markets all day. Even when it is a technical glitch like this one ended up being, it really can freak you out.
We just got our asses taken out behind the woodshed today folks...pure and simple. Sometimes its best to not ask questions, take your medicine and move on to the next day...
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