Why did the stock market plummet?

THE REFORMED BROKER ^ | 10/09/2014 | Joshua M Brown

[catfish1957]

You say tomato, I say tohmato,

lol

[Bigun]

Yes! I mistyped in my original post and didn’t see it until it was to late.

Meant to say “...closer to 7000 than 17000.”

Thanks for correcting me!

[Bigun]

While I do agree (see my tagline), we should right now enact the flat tax Steve Forbes proposed in 1996 as a transitional tax for around three years so we can get into place the mechanism for generating revenue from FairTax, then repeal the 16th Amendment and replace the income tax with FairTax.

I respectfully disagree with that approach. Needs to be done cold Turkey!

[fortheDeclaration]

Exactly! This market needs a correction in the thousands, not hundreds.

[AustinBill]

Um, because financial rags have column inches to fill? That’s the only reason you’d call a less than 1% decline a “plummet”.