The reality is that aside from a very timid investment climate, it
looks like this is nothing beyond a bit of pressure being relieved
from a market that has been so tame for so long. Let's face it, the
fact that China had a moderate meltdown last week is not cause for
panic here.

The NYSE is clearly going to have their hands full with figuring out
what happened on Tuesday. Bad tick, hybrid system failure or operator
error? Either way, it looks bad and that is all that we had to see.
Add the bear camp getting a bit of a benefit and providing more
pressure and we have  recipe for a short term correction that should
bounce back just as fast.

There is no solid reason for this 600 point move and once we realize
that, it will be too late to invest becaseu markets should spring back
faster than you can whistle Dixie.

DO NOT get caught up in the hysteria..

Andrew Horowitz
http://www.thedisciplinedinvestor.com/blog

Checkout the Podcast about this topic.... !
http://www.thedisciplinedinvestor.com/blog/2007/03/02/tdi-podcast-e1/