Stocks plunge in U.S., Dow sinks 318 points

Yahoo News ^ | January 24, 2014 | Chris Nichols

[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.

[John W]

Early story starting the rationalization.

[John W]

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

[rightwingcrazy]

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

[knarf]

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

[RightGeek]

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

[Wyatt's Torch]

MARKETS AROUND THE GLOBE WERE PUMMELED TODAY:

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

stks.co/i0CmO

[Obadiah]

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

[Wyatt's Torch]

As an FYI:

[diverteach]

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

[skinkinthegrass]

"laser on eco."is it set to, stun or kill..or disintegrate?

[Lurkina.n.Learnin]

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

[I want the USA back]

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

[SampleMan]

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

[CapnJack]

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.

[Moonman62]

Two percent is not a plunge.

[Misterioso]

TMI.

[Cheerio]

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

[ConstantSkeptic]

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!