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Stocks plunge in U.S., Dow sinks 318 points
Yahoo News ^ | January 24, 2014 | Chris Nichols

Posted on 01/24/2014 1:19:17 PM PST by John W

Stocks in the U.S. slumped at the end of the week, including a dive of 318 points for the Dow Jones Industrial Average, as traders caved in to worries about global stability and the health of various economies.

Concerns about weak growth in China — a critical market for Western trade — melded with currency drops in countries such as India and Turkey, prompting investors to flee from stocks, which are viewed as riskier than bonds or gold. The S&P 500, a broad measure of the American market, lost 2% to 1,792 Friday, and the Nasdaq Composite slid 2.1% to 4,131. On both the Nasdaq and the New York Stock Exchange, 86% of all stocks declined.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: dow; nyse; stockmarket
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Early story starting the rationalization.
1 posted on 01/24/2014 1:19:17 PM PST by John W
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To: John W

http://finance.yahoo.com/blogs/the-exchange/stocks-plunge-in-u-s-—dow-sinks-more-than-280-points-205935575.html


2 posted on 01/24/2014 1:19:49 PM PST by John W (Viva Cristo Rey!)
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To: John W

The real question is if (or when) the Fed will come to the rescue.


3 posted on 01/24/2014 1:20:56 PM PST by rightwingcrazy
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To: John W

Just pull the plug and let all the shit hit the fan at once


4 posted on 01/24/2014 1:21:00 PM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: John W

Not to worry, the smartest president ever has a laser focus on the economy


5 posted on 01/24/2014 1:21:09 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: John W

MARKETS AROUND THE GLOBE WERE PUMMELED TODAY:

$DJIA -318
$DAX -239
$TSX -219
$FTSE -109
$NKY -304

stks.co/i0CmO


6 posted on 01/24/2014 1:22:01 PM PST by Wyatt's Torch
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Comment #7 Removed by Moderator

To: John W

My guess is that it will be up by over a hundred points on Monday.


8 posted on 01/24/2014 1:24:16 PM PST by Obadiah (I Like Ted.)
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To: John W
As an FYI:


9 posted on 01/24/2014 1:24:22 PM PST by Wyatt's Torch
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To: John W

Summer of Recovery 14!!!


10 posted on 01/24/2014 1:26:16 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: John W

The real question is what took them so long to figure it out?


11 posted on 01/24/2014 1:30:55 PM PST by diverteach (If I find liberals in heaven after my death.....I WILL BE PISSED!!!)
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To: RightGeek
"laser on eco."
is it set to, stun or kill..or disintegrate?

12 posted on 01/24/2014 1:32:58 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: John W

Monday we’ll be wishing we either sold or bought.


13 posted on 01/24/2014 1:34:40 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: John W

They always “know” why the market moves in one direction or other. Do they ask the investors? No. Then they should shut up.


14 posted on 01/24/2014 1:36:15 PM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: John W

Excellent! I’ve been basing my investing on facts and fundamentals, and I’d like to be rewarded for it.


15 posted on 01/24/2014 1:40:02 PM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: John W

Please no! Not yet! Don’t drop any more. I have to wait till after Feb 1st for my company’s “Blackout Period” to end so I can dump my Stock Options!

Damn, I knew this was going to happen.

I need to get a new (used) Civic or Corolla for my wife and need the cash from the options.


16 posted on 01/24/2014 1:43:36 PM PST by CapnJack
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To: John W

Two percent is not a plunge.


17 posted on 01/24/2014 1:47:32 PM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: CapnJack

TMI.


18 posted on 01/24/2014 1:48:08 PM PST by Misterioso (All life is a purposeful struggle, and your only choice is the choice of a goal. - Ayn Rand)
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To: John W

Good grief, it was only a matter of time. What is perplexing is that the pumping by the Fed has not stopped.


19 posted on 01/24/2014 1:48:38 PM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: John W

Woo-hoo! Stocks are on sale and, because of recent events, I’m sitting on 20% cash. I’m going to put together a shopping list this weekend!


20 posted on 01/24/2014 1:49:12 PM PST by ConstantSkeptic (Be careful about preconceptions)
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To: John W

if it does drop about 1000 in one day, please let it be Tuesday! {for obvious reasons}.


21 posted on 01/24/2014 1:50:04 PM PST by Cruz_West_Paul2016
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To: John W
OMG!!!!!!!!!!!!! just looked at my portfolio, and it's $50K below zero... they're going to be coming after me to pay them!!!

Just kidding... I think we'll survive this correction.

22 posted on 01/24/2014 1:50:38 PM PST by Cementjungle
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To: RightGeek
Not to worry, the smartest president ever has a laser focus on the economy

And, just like a laser, will burn a big old hole right thru the middle of it!........................

23 posted on 01/24/2014 1:52:44 PM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: RightGeek
Not to worry, the smartest president ever has a laser focus on the economy

And, just like a laser, will burn a big old hole right thru the middle of it!........................

24 posted on 01/24/2014 1:52:45 PM PST by Red Badger (Proud member of the Zeta Omicron Tau Fraternity since 2004...................)
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To: knarf

“Just pull the plug and let all the shit hit the fan at once”

They will when all the marks are hooked. It’s a rigged game waiting for an explosion....


25 posted on 01/24/2014 1:54:16 PM PST by tired&retired
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To: Wyatt's Torch

Voice of Reason


26 posted on 01/24/2014 1:55:06 PM PST by BunnySlippers (I LOVE BULL MARKETS . . .)
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To: John W

“prompting investors to flee from stocks”

Get back here and BUY, you gutless COWARDS!!!! ;)


27 posted on 01/24/2014 1:55:39 PM PST by Frank_2001
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To: John W
DOW is at last November's levels.

Not exactly an earth shattering fall.

28 posted on 01/24/2014 1:56:47 PM PST by what's up
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To: John W

A little tweak here, a tweak there, and the fed will have everything feeling groovy in no time, except for the poor suckers who live and die by the real economy. We’ll have to suck it up, and spend more for less.


29 posted on 01/24/2014 1:56:49 PM PST by pallis
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To: knarf

Uh... let me get a few sell orders in first...


30 posted on 01/24/2014 1:58:02 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: John W

IF only ObamaCare was on the open market to trade stock, miracles would happen!(/S)


31 posted on 01/24/2014 1:58:34 PM PST by Mark (Obama Care is now DEMOCRAT CARE)
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To: rightwingcrazy

Is just the Feds testing the waters...


32 posted on 01/24/2014 1:58:46 PM PST by TheDon (Inside Every Liberal is a Totalitarian Screaming to Get Out.)
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To: CapnJack

Timing is everything. Perhaps a bike instead?


33 posted on 01/24/2014 1:59:58 PM PST by TheDon (Inside Every Liberal is a Totalitarian Screaming to Get Out.)
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To: knarf
Just pull the plug and let all the **** hit the fan at once

The ridiculously high stock market is all about bogus federal money anyway. It'll disappear to where it came from....thin air.

34 posted on 01/24/2014 2:01:13 PM PST by grania
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To: RightGeek

Reality is just tuning the market for Obummer’s SOTU speech.


35 posted on 01/24/2014 2:03:55 PM PST by Mike Darancette (Do The Math)
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To: skinkinthegrass
is it set to, stun or kill..or disintegrate?

Doesn't matter. Obama doesn't know how to point it, let alone fire it.

36 posted on 01/24/2014 2:05:18 PM PST by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: John W
All Of The Turmoil In Global Markets Right Now Is Just One Gigantic Hedge Fund Short Squeeze
37 posted on 01/24/2014 2:06:11 PM PST by blam
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To: John W

Market is down like 700 for the week isn’t it?


38 posted on 01/24/2014 2:09:55 PM PST by traderrob6
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To: Cruz_West_Paul2016

if it does drop about 1000 in one day, please let it be Tuesday! {for obvious reasons}.

I know what your saying and I agree with your sentiment, but the Dow stops trading immediately if it falls below 500 points. Heck they will throw out even that rule if it goes down at all on Tuesday. lol. (Oh no...it is down 10...STOP TRADING....haha.


39 posted on 01/24/2014 2:22:23 PM PST by napscoordinator ( Santorum-Bachmann 2016 for the future of the country!)
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To: Cruz_West_Paul2016

Read an interesting article saying that this is a hedge fund short squeeze...my guess that Georgie Porgie Soros is behind this...


40 posted on 01/24/2014 2:28:43 PM PST by Shady (We will not comply. We are Free, We Are AMERICANS!)
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To: napscoordinator

we would all be laughing if the DOW really takes a dive mon/tues, then headlines about the collapse of Obama-Care, and hopefully another event that embarrasses u-no-who.....this would make for the “Ultimate Lucy U Have Some Esplaining To Do” come Tuesday Night in front of 250 million people !!!


41 posted on 01/24/2014 2:30:51 PM PST by Cruz_West_Paul2016
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To: John W

Only 7,000 more points to go before the market corrects to its actual value.


42 posted on 01/24/2014 2:45:10 PM PST by SkyPilot
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To: diverteach

“The real question is what took them so long to figure it out?”

Who is “them”? The market went down a few percent over the last few days after growing 120% over the last 5 years. Figure out what?


43 posted on 01/24/2014 2:48:33 PM PST by plain talk
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To: rightwingcrazy
The real question is if (or when) the Fed will come to the rescue.

So $85B per month of QE3 doesn't count?

44 posted on 01/24/2014 2:57:37 PM PST by Senator_Blutarski
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To: Senator_Blutarski

“So $85B per month of QE3 doesn’t count?”

Chump change if they want to get the job done. It’s not cheap to prop up the entire stock market all by your lonesome.


45 posted on 01/24/2014 3:06:03 PM PST by rightwingcrazy
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To: John W

Everyone is far to positive on the markets. It’s almost unanimous that you hear people say it is going up again.

A sure sign we are about to fall bigtime.


46 posted on 01/24/2014 3:37:10 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

There is much whistling past the graveyard, even here.


47 posted on 01/24/2014 3:39:52 PM PST by John W (Viva Cristo Rey!)
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To: RightGeek

And remember, Bill Clinton said he spends two hours everyday thinking about the economy.


48 posted on 01/24/2014 4:05:23 PM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: traderrob6

538 for the week; 3.2%


49 posted on 01/24/2014 4:32:43 PM PST by newbie 10-21-00
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To: SkyPilot

At 8,800 the DJIA would have a P/E under nine. Got ya buddy!


50 posted on 01/24/2014 4:37:16 PM PST by newbie 10-21-00
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