How to Avoid a Market Decline
My friends over at CareerRamblings has a great series on how to avoid a decline in the market like we have experienced lately.
How To Avoid A Market Decline Like Yesterday – Part I:
The broad equity markets experienced a sharp sell off yesterday (Feb 27th). It was the largest point decline since 9/11 which brings up the question of how you protect your investments in such an environment. To give you a reminder of what happened yesterday:
* 95% of the S&P 500 stocks were down on record volume in the NYSE.
* All 30 Dow Jones stocks were down.
* The China equity market fell 9%.
* Dow dropped 415 points and was down over 525 points intra-day.
* Nasdaq ended the day down 3.9%.
* All gains in 2007 were erased in 1 day.
Check out
Career Ramblings for the rest of the story.
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