Guidant Financial Group Blog

The Dow Jones Industrial Average closed Tuesday at 6,763, the lowest level seen since 1997. There are only two other times have our country has seen the market sink below a 12-year low…1974 and 1932. MarketWatch.com reported that, “In 1932, the April 8 crossing of a 12-year-old low came three months before the market hit its bottom, while, 42 years later, the Dec. 6 breach marked the exact 1974 low.”

While no one really knows whether it’s the bottom or the beginning of the next waterfall – fear has truly taken over the market.

The Dow Jones fell below its November 20 low today. In an article called “Dow Theory: Time to Sell?” it reported that the Dow Jones Industrial Average reached its lowest level since October 2002 and at the same time the DJ Transportation Average also hit its lowest level since 2003. There is no doubt that this will put major pressure on the markets – the futures are already pointing to a lower open in the morning.

We will try to avoid a shameless plug for opening a real estate IRA and getting away from the turbulence.... (We couldn’t help it)