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 ...
if it does drop about 1000 in one day, please let it be Tuesday! {for obvious reasons}.
Just kidding... I think we'll survive this correction.
And, just like a laser, will burn a big old hole right thru the middle of it!........................
And, just like a laser, will burn a big old hole right thru the middle of it!........................
“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....
Voice of Reason
“prompting investors to flee from stocks”
Get back here and BUY, you gutless COWARDS!!!! ;)
Not exactly an earth shattering fall.
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.
Uh... let me get a few sell orders in first...
IF only ObamaCare was on the open market to trade stock, miracles would happen!(/S)
Is just the Feds testing the waters...
Timing is everything. Perhaps a bike instead?
The ridiculously high stock market is all about bogus federal money anyway. It'll disappear to where it came from....thin air.
Reality is just tuning the market for Obummer’s SOTU speech.
Doesn't matter. Obama doesn't know how to point it, let alone fire it.
Market is down like 700 for the week isn’t it?
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.
Read an interesting article saying that this is a hedge fund short squeeze...my guess that Georgie Porgie Soros is behind this...
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