Skip to comments.Stocks plunge in U.S., Dow sinks 318 points
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 ...
The real question is if (or when) the Fed will come to the rescue.
Just pull the plug and let all the shit hit the fan at once
Not to worry, the smartest president ever has a laser focus on the economy
MARKETS AROUND THE GLOBE WERE PUMMELED TODAY:
My guess is that it will be up by over a hundred points on Monday.
The real question is what took them so long to figure it out?
Monday we’ll be wishing we either sold or bought.
They always “know” why the market moves in one direction or other. Do they ask the investors? No. Then they should shut up.
Excellent! I’ve been basing my investing on facts and fundamentals, and I’d like to be rewarded for it.
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.
Two percent is not a plunge.
Good grief, it was only a matter of time. What is perplexing is that the pumping by the Fed has not stopped.
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!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.