March 22, 2005

Buy The Dip!

Holy Cow! This market is skittish! The FOMC raises rates 25 basis points and the Dow loses 95 points? What did they think -- Alan Greenspan was going to hand out Ice Cream sodas?

I have to make an IRA deposit this month and I am thinking I'll buy some Spiders or something. I'd like to buy this dip but I bet it'll rocket back up tomorrow.

Crazy, man, crazy:

Blue chips skidded Tuesday after the Federal Reserve expressed concerns about inflation's impact on the U.S. economy. The Dow industrials bounced briefly after hitting break-even before losing more ground and slipping into the red.

Buy the dip. Tell 'em you heard it on ThreeSources Blog!

Economics and Markets Posted by John Kranz at March 22, 2005 4:15 PM