The Flash Crash in May of 2010 was a harrowing experience for most investors.
The following is my e-mail exchange with Barbara on that infamous day:
From: Wink
To: Barbara
Subject: Market Conditions
Sent: May 6, 2010 @ 11:29 a.m.
As you can see from the market's action today, the character of the market has changed. When 1150.45 was breached, things changed. Going forward, there will be times to buy like back in March, July, and November of 2009. But we have to wait for the dust to settle. And we have to realize that the gains may not be as spectacular as in 2009. Investors are really stressing the Greece debt crisis. Later.
Re: Market Conditions
From: Barbara
To: Wink
Sent: Thursday, May 6, 2010 @ 10:14 p.m.
Thank you!
Re: Market Conditions
From: Wink
To: Barbara
Sent: Friday, May 7, 2010 @ 7:36 a.m.
We may see further downward movement in the market next week. Now is not the time to more into the C Fund.
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