Dow tumbles. Time to panic?

The Dow tumbled nearly 300 points Wednesday. Jobs numbers are disappointing. The dollar Wall+Street.jpgis weak. If you believe some of the talking heads on TV, the next great financial crisis is just around the corner.

But will this really be the summer of doom?


I’m a glass-is-half-full kind of guy. Maybe investors are just cashing in on the months-long bull market. Maybe the economy is taking a breather.

Here are few interesting takes. I particular like James Altucher’s outlook, even if he does look like Harry Potter.

David Callaway: All eyes on Bernanke, but QE3 has sailed

James Altucher: Next stop: Dow 20,000

The Street: Stocks Flatten as Investors Weigh Data

Fox Business News: Stocks Seek Direction as Traders Mull Corporate News

Photo: Trader Stephen V. Mara works on the floor at the New York Stock Exchange in New York, Thursday, June 2, 2011. (AP Photo/Seth Wenig)