[RayChuang88]

I see the "market correction" as a chance for a LOT of institutional investors to buy stocks on the cheap. I can see the likes of Warren Buffett use Berkshire Hathaway funds to buy a lot of companies with depressed stock prices and make a killing a few years from now.

By the way, remember all those stories about when the stock market crashed in 1929 we didn't get the price back until the early 1950's? People conveniently forget that World War II severely affected stock trading, and if World War II had never happened I personally think the stock market would have recovered back to the pre-crash levels by the middle 1940's at latest.

[chopperman]

People conveniently forget that World War II severely affected stock trading, and if World War II had never happened I personally think the stock market would have recovered back to the pre-crash levels by the middle 1940's at latest.

You conviently forget that WWII ended the depression, not FDRs programs.

[chimera]

Among other reasons (some geopolitical), that may be why the Arabs bought that big block of Citicorp the other week.

It's a classic bubble burst. We've had these recently, the tech bubble, the housing bubble, now an equities bubble. Fundamentally, there is no reason why profitable firms should have their share prices beaten down. So if it is, for reasons of panic. maybe cooler heads will profit from the irrationality.

[Walmartian]

hmmm. Somewhere there’s a Warren Buffet ETF where you can buy what he’s buying. Might be worth looking into.