Stocks Plunge Along With Price of Oil; Dow off 500 Points

ABC News ^ | January 20, 2016 | Marley Jay

[John W]

Those percentages are correct but the actual numbers were for the day that story was published not valid today.

[b4its2late]

It’s up $16 an oz.

[Deo volente]

I would wait on the energy funds. They still have a ways to go on the downside.

Oil could go to $18 before this is over. Companies are getting killed by this plunge and that will be reflected in their stock price. There’s a lot of selling still to be done.

[PanzerKardinal]

The recent worldwide “stock market correction” has wiped out...

$17 TRILLION in equity.

That’s more than the entire US economy

[b4its2late]

Oil is finally getting to where it should have been at for the last 15 years.

[jpsb]

OK, thanks 7% would be a big drop.

[r_barton]

As the stock market plunges, raise your arms over your head and scream, “Weeeeeeeeeeeeeeeeeeeeeee!” ;-)

[jwalsh07]

The traders are dumping. Mom and Pop buy and hold are being dumped on because the fed forced them into the equity market and McDonalds. I think we need more central control and ethanol subsidies.

[Deo volente]

Our national debt has also exceeded GDP.

Bad news all around.

[St_Thomas_Aquinas]

I think we need more central control and ethanol subsidies

The mandates should be named after Trump, the only candidate who wants to INCREASE them.

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[Deo volente]

Hard to blame Mom and Pop for this debacle. The markets were the only place for the small investor to make money, since the Fed’s zero percent interest rates ruined their savings.

Now they’re going to get hammered, while the big banks and Wall Street traders continue to prosper.

Gee, I’m sounding like Bernie Sanders now! LOL.

[Darteaus94025]

I’m lousy at running in front of steam rollers picking up dimes.

[MeganC]

Time to move into metals.

[dragnet2]

Bad news all around.

Look in any direction, the country is broken. There will be more bad news. I'd guess the duration of this is going to be a long one. I'm no expert but if I were to invest, I park money in real-estate. But no guarantees there either.

[arthurus]

At 1205 CST the market seems to have made a turn back upwards. Is the Fed shoveling money into the big banks with instructions to buy? If that is done repeatedly then I would kind of expect wider and wider swings in a generally down trend.

[Deo volente]

Buyers are rushing back in. We’ll see if this is a real rally.

Much of the selling this morning was by automatic computer programs, according to CNBC. People aren’t even in charge anymore.

[dragnet2]

It’s all manipulated. It’s why I got out years ago.

[Ajnin]

Yeah! A good time to make a lot of.money.

[jwalsh07]

Not blaming Mom and Pop. ZIRP the magic bubble maker brought to you by the central planners is the culprit. I know I am a hater that gotta hate central planners but there you have it.