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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Wednesday, June 14, 2006

Current Stock Market Update

Well, it looks like it might get worse before it gets better. The recent downturn in the S&P 500 and overall market (S&P 500: -1.03% yesterday; -3.65 for June; -5.49 for the quarter) has spooked a lot of investors. When the stock market turns sour like it has recently many panic and sell as the market dives. Others are waiting for the stock market to bottom out and will try to get a deal. No one knows how the market will behave, but for some insight to stock market corrections during bull markets click here and scroll down to the Equity section and you will find a pdf to click on for a market correction chart. Once The Fed announces what it will do with interest rates everyone will have a better idea of where the stock market might go, but in the meantime investors are going to continue to behave irrationally.

Try to stay diversified and this rough time will not be as rough.

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