No, stocks were so obscenely overvalued (as with real estate, etc) that this huge "crash" is actually things returning to a more reasonable value. Undervalued my ass. We just went through a credit bubble that finally burst. This crash is more of a return to reality than a chance to buy undervalued assets.
LOL....like the PPT would get involved on a mild sell-off like today (if they even exist at all). Nope, this rally into the close was simply the institutions getting long on bargains after they pushed prices lower on low holiday volume earlier in the day. Look at the lazy drift lower compared to the burst of price velocity and volume the last 30 minutes.
Silly until you read President Bush's comments last week. Think the government really cares about the "free market" right now?
Range bound...period....next few weeks. Maybe some volitlity going into end of jan. Other wise, "Channeling Stocks.com BOB!"