Wall St. slumps 6 percent

By | October 22, 2008

Stocks tumble on worries about earnings forecasts

–> The DOW dropped 514.45 points or 5.69%.
–> The Nasdaq dropped 80.93 points or 4.77%.
–> The S&P 500 dropped 58.27 points or 6.10%.

Another bloody at the markets today. The DOW, Nasdaq, and the S&P 500 were in the negative territory throughout the day. Weak earnings forecasts have Wall St. worried about the future of American companies. I still believe these drops in the markets create opportunities for long term investors, however, these long term investors must have patience.

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