What's my S&P 500 Index fund going to do tomorrow?

[Postman]

http://www.huffingtonpost.com/2008/03/16/bear-stearns-forced-to-se_n_91792.html

[tekisui]

1. drop.

How much? Somewhere between 3-6%?

[gristy]

6. My guess is 3% - even before seeing your post

If it's 6%, I'm going to bed and hiding under the covers.

[RFK_Democrat]

2. Think Eliot Spitzer's career...and double it.

Then you will begin to see where your fund is going.

[ozone_man]

3. I hope it's an inverse S&P index fund.

I own lots of that.

[high density]

5. Betting against American companies

That's the spirit!

[ozone_man]

9. Restoring overvalued stocks to correct price

is necessary for a healthy market and economy.

It's the margin buying of overvalued stocks that got us in the present fix, and listening to MSM bubbleheaded economists.

That and the excesses of the FED and deficit spending of the government. All of this credit has been leveraged to yield insanely overvalued stock prices and derivative markets that when they unwind will be devastating. But they have to be returned to fair value, to let the air out of the balloon.

Gravity is the law. We can jump and make believe we're floating on air, but reality brings us back. :)

[Zynx]

13. Stocks by most historic standards are not overvalued and certainly not heavily overvalued.

A PE of 13 on a forward basis is hardly extreme.

[bbinacan]

4. Drop initially

and even by the end of the week.

[tekisui]

8. It's a short week. Will that make it easier to end even,

Or harder to rally in that time?

[bbinacan]

10. It really doesn't matter.

I was impressed by today's market performance. Pretty resilient wouldn't you say? Especially the way the foreign markets sold off.

[bbinacan]

11. My prediction

Will the market finish even for the week? Better or worse?

Edit to add. The market could have a bad day on Thursday. With this kind of turmoil, many get nervous about a long weekend.

[bbinacan]

14. I was wrong

I thought the market would end evenly for the week. It was UP!:bounce:

[Speck Tater]

7. Asian markets down by as much as 5% (7:30PM PDT) NT

[Rage for Order]

12. What difference does it make?

Unless you intend to draw on it tomorrow, or in the near future. I won't be needing mine for another 30 years or so, so I'm content to stay put and ride it out.