The market is not looking good today...

[Brett]

*sigh*

Fed slashes the rate in an emergency attempt to fix things. The market is going to go south today. Damn...

Dropped 400+ in the first 2 minutes, but what I dont understand is why people panic and mass sell off, this is what does this to the market. People in stocks know it always bounces back, but they are the cause of the crash, they all panic and sell on every bad news thing they get, I would say just ride it out, leave it in, if everyone followed that advice it wouldnt drop this bad and in a month it will bounce back anyways

[bafbrian]

Dropped 400+ in the first 2 minutes, but what I dont understand is why people panic and mass sell off, this is what does this to the market. People in stocks know it always bounces back, but they are the cause of the crash, they all panic and sell on every bad news thing they get, I would say just ride it out, leave it in, if everyone followed that advice it wouldnt drop this bad and in a month it will bounce back anyways

That is good point.

The Fed slashes rates is supposed to help the Sub Prime Mortgage crisis.

Eventually the market will bounce back, the problem is that people (some Amercians, not all) want instant gratification; they don't want to take a chance, especially when they might lose money in the short term and fail to look at the long term.

[Brett]

and thats what I dont understand, The money will come back, Its not like the market wont bounce back fully, It always does. But the people who panic are the ones who makes the market crash.