Intel and IBM Weight on the Dowhttp://www.fool.com/investing/general/2013/10/08/intel-and-ibm-weight-on-the-dow.aspx Matt Thalman
October 8, 2013
Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.
Simply by looking at the major U.S. stock indexes today -- just before 1 p.m. EDT, the Dow Jones Industrial Average (INDEX: ^DJI) is down 88 points, or 0.59%, the S&P 500 is off by 0.84%, and the NASDAQ is down 1.66% -- it's clear investors don't have a ton of confidence in Congress' ability to reach a compromise and end the gridlock that threatens to make the U.S. government default on its debt. However, the problems we're seeing now will likely give patient and long-term-oriented investors some wonderful buying opportunities, as the receding tide is lowering all boats. My Foolish colleague Dan Caplinger noted a few stocks investors should be watching if the situation continues to get worse.
But just because a stock is falling doesn't always mean it's a bargain or will h