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See What People Are Saying About... Dow 10,000 Breach
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Global stock markets plummeted Monday on fears the widening credit crisis would drag the world-wide economy into recession.
The Dow Jones Industrial Average [.DJIA
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] skidded below 10,000 for the first time in four years, while the S&P 500 [.SPX
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] and Nasdaq [.NCOMP
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] fell over 4 percent.
Wall Street's selloff followed a sharp drop in Asian markets, while major European equity indexes fell 8 percent.
The negative sentiment extended to commodities. A slide of more than 4 percent in oil prices [US@CL.1
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] underscored concerns about global growth and the demand for crude in emerging markets.
However, investors are programmed to seek opportunity... and with the market trading at levels not seen since 2004 many can't help but wonder, is this the buying opportunity of a lifetime?
Rick A. from New Jersey says "Even the nicest items in the gift shop should not be purchased aboard the Titanic."
And John T. reminds us that "Bottom pickers and top pickers become cotton pickers!"
And that leads to our Fast Money Reader Poll. With the Dow trading below 10,000 is this the buying opportunity of a lifetime or is the market going down, down, down?
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CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes
