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US stocks plunge on European debt worries

With little economic news coming out of the United States, Wall Street is panicking about Europe. The Dow Jones industrial average fell 173 points, or 1.4 percent, to 12,338 in midday trading. Stocks also fell broadly in Europe and Asia.

So the Wall Street is panicking. Great, let them panic even more. This will push prices down and I will be able to buy cheaper. Save money and be ready to invest. Now let the Mr. Market screaming, panicking and falling as low as he can. When he finally realizes what a chicken he was it will be the right time to purchase.

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