Posted on 08/24/2015 6:36:42 AM PDT by C19fan
Wall Street plummeted early Monday as traders aggressively sold stocks and bid-up only the safest asset classes.
The Dow Jones Industrial Average tumbled 577 points, or 3.5%, to 15843, the S&P 500 plunged 77.5 points, or 3.9%, to 1884, and the Nasdaq Composite dived 412 points, or 8.7%, to 4295
(Excerpt) Read more at finance.yahoo.com ...
Given where the DJ was then, that’s probably the record percentage drop too, correct?
Not if the Democrats scare the hell out of people like they did in 2008 and a majority of voters don’t have the brains and the skills to figure it out. Gotta scare the hell out of them right back. Rational arguments lose when put up against an immediate, emotionally-based threat.
"BUY STOCKS NOW!" or "This is it, folks. The end of the world. Lock and load."
“All the chickens are coming home to roost it seems for Obama and his total ineptitude.”
We know that, but not one of the media outlets will tie obama’s destructive policies to this. the majority of the sheeple will be fooled into blaming something else.
The market was overvalued - let’s not forget the damage to the economy that Obama’s socialist policies cause. It eventually brings everything down, except taxes.
I’m more in the meh category.
It’s fascinating to watch, but I know this isn’t anything that hasn’t happened before and has been predicted for years.
I’m still moving into your basement.
Wonder which ones are putting their money where their mouth is?
And it happened on Reagan’s watch.
RE: All the 401K- and IRA-dependent retirees will now have to re-join the workforce.
This is bad news for those who are close to retirement.
For those who are still young, they can ride this off via Dollar Cost Averaging.
Will TPTB double down on the Obama Bubble, I’ll bet they do.
I remember that day in 1987...so far...you are correct...this is nothing in comparison.
Sure they are. What is the average P/E ratio?
>> Wonder which ones are putting their money where their mouth is?
By the way, we thought caterpillar was on sale a few months ago... but it’s REALLY on sale now! :-)
I had to turn off Fox news. They had some Clintonista on who blamed Bush for this crash.
Good luck with that. OBTW, my $$ is not in the market. I invest in lead and blued steel.
Dow would be 17300 based on what rational metric?
Fed fund infusion?
If I had any cash I’d be buying like a crazy man! Fire sale in Pharmaceuticals!
DOW up 500 pts in the past half hour! (it is all how you look at it)
It is. Very attractive dividend yields there, along with XOM, and RDS/B. Will be putting in a buy order shortly.
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