I am sure you all were holding on to your stomachs as we went on that 800 point drop this morning. But I did notice something today. The market had a below average trading volume for the first part of the day. Not much was being traded. In fact at around noon market time there was only 500 Million shares traded on the NYSE I think. Anyway, things were looking like no body was doing much and most people if anything were just selling what they could to get out of their positions. Well, something strange happened immediately before the market closed. There was a large spike in volume across the board. And now when you check the volume on most stocks they show double the average daily trade volume. Additionally I see that most stocks recovered some of their losses and some are up aftermarket. It looks to me like tomorrow might just be an up day. It's obviously too soon to tell but it looks like some investors decided that the market was just too oversold and decided to jump in at the end of the day. Personally I don't care to speculate with this one. I am gonna wait until there are signs of a recovery and buy on the way up. Trying to guess the bottom of the market is a fool's game. I do think that there are some incredible deals in tech and the overall markets that look like a steal at these prices. Good luck tomorrow, I think if Pepto Bismol was a traded commodity it would have gone through the roof today.
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