Wednesday, October 8, 2008

Stock Selloff May Be More Than Halfway Over

The founder of Vanguard Group, John Bogle told CNBC that he thought that the stockmarket "bloodbath" is "more than half-way over." Only half-way?

Meantime, the Nikkei lost 9.4% today in one of the worst trading days in Asian history with the Hang Seng losing 8.2%, the S&P/ASX 200 off by 5% and the Indonesia index slumping 10.4%. http://www.cnbc.com/id/27075096

At this hour the DOW is down over 230 points. 

The worst part of something like this is seeing bottom. Unfortunately you can only see bottom looking back after you've been there....

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