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When he spoke to the West Frankfort Lions club about the New York Stock Exchange, he indicated there would be good days and bad days on Wall Street. But he was an optimist and indicated the old “lemon, make lemonade” philosophy.
David England had been warning local investors and others about an impending storm that finally struck Thursday, causing the ninth worst daily drop in the NYSE’s history. When the dust settled Thursday evening, the stock market had fallen 512.76 points.
But England, an associate professor at John A. Logan College and creator of the popular website “thetraderseye.com” is somehow optimistic.
“Five hundred down days are great because they lead to many, many good buying opportunities,” England said. “What an investor must understand, however, is that just having your money in the market is not enough, it’s what that money is invested in, that is important.”
England, in his "Eye on the Market" newsletter distributed through his website, had been telling investors that a number of things were happening throughout the country that could cause a mini-crash of the market.
When he spoke to the West Frankfort Lions club about the New York Stock Exchange, he indicated there would be good days and bad days on Wall Street. But he was an optimist and indicated the old “lemon, make lemonade” philosophy.
David England had been warning local investors and others about an impending storm that finally struck Thursday, causing the ninth worst daily drop in the NYSE’s history. When the dust settled Thursday evening, the stock market had fallen 512.76 points.
But England, an associate professor at John A. Logan College and creator of the popular website “thetraderseye.com” is somehow optimistic.
“Five hundred down days are great because they lead to many, many good buying opportunities,” England said. “What an investor must understand, however, is that just having your money in the market is not enough, it’s what that money is invested in, that is important.”
England, in his "Eye on the Market" newsletter distributed through his website, had been telling investors that a number of things were happening throughout the country that could cause a mini-crash of the market.
