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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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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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