Investment Advice on the Radio

What a day yesturday was! Within an hour the Dow fell 1000 points. This breifly erased more than a trillion dollars in market value. The 9.2% plunge was the biggest intraday percentage loss since 1987 and the largest point drop ever. One client asked me where does all this money go? Rumours are that this was the result of a glitch in high-speed trading triggered by at least one large erroneous trade. Despite all this the TSX finished down just shy of 30 points. Today is an extension of this and worries over Europe and Greece. It is overshadowing the positive job numbers. Looking to today I think markets are selling off before the weekend and taking their time to see where things settle. It could be a buying opportunity once the dust settles or it may be the second leg of another longer term problem. Visit your lifeyourplan.ca for more info on trading strategies in a volatile maket.