question for those of your with real stock market experience

[AdamVR4]

LOL. Whenever there is a correction...(a big drop) it may be a good idea to pick up some good stocks. I have my eyes on APPL, GOOG, ATVI, BIDU and similar sector companies. I also like Canadian companies/mutual funds as their economy is/was actually doing okay.

Monkey Business: The All-Time Smartest Apes - FoxNews.com

Since purchase, I've lost 18% in a fidelity canada mutual fund (FICDX) -- I still think it's a good fund. I just had awful timing.

[IPD]

below 11k. i could have told you that on thursday.

i would NOT be shocked to see it dip below 10k.

[AdamVR4]

So now what? The market is completely dependent on fed interference? Every time the market stumbles, we're going to artificially inflate it? W...T...F...

[BigTyla]

So now what? The market is completely dependent on fed interference? Every time the market stumbles, we're going to artificially inflate it? W...T...F...

It's still inflated. I had a feeling this would happen a few months ago when everyone was pumping sunshine about the Dow being over 12k and declaring that the stimulus was working even though we were at 9.5% unemployment. It was only a matter of time before the market corrected itself. I'm with IPD - I think the Dow will drop below 10k before it makes an effort to climb back.

[AdamVR4]

The market responded in a surprising way (+4% jump) to the fed saying they would keep interest rates down for a couple years... When I found out they weren't announcing QE3, I was expecting an ugly afternoon. Shows what I know.

[UTRacerX9]

The market responded in a surprising way (+4% jump) to the fed saying they would keep interest rates down for a couple years... When I found out they weren't announcing QE3, I was expecting an ugly afternoon. Shows what I know.

Markets appreciate stability. When the Fed says they will hold interest rates where they are for a certain period of time, they mean exactly that, and investors can count on continued low interest rates for investment for a defined period. Not like Congress, where each new election period adds instability to the markets.

[IPD]

interest rates are the ONLY thing holding the markets afloat. with any luck, interest rates will be LOW for the first part of next year. dollars to doughnuts, i'm going to be buying a new house.

[VR-4 0wnz j00]

Wall Street roars back in wild trade after Fed meet - Yahoo! Finance - fun ride, eh?

[VR-4 0wnz j00]

interest rates are the ONLY thing holding the markets afloat. with any luck, interest rates will be LOW for the first part of next year. dollars to doughnuts, i'm going to be buying a new house.

I plan on buying a house within the next year to take advantage before interest rises again.

[IPD]

i don't have a lot of choice. my job is going to tell me it's time to move.