Dow drops more than 1,500 points as stock slide deepens

New York Post ^

[nickcarraway]

Markets were screaming red in Monday’s trading session, continuing a steep decline that started Feb. 1.

By 3:08 p.m. ET, the Dow Jones industrial average had fallen 1,032.95 points — or 4 percent — to 24,488.01. The S&P 500 fell 59.63 points, to 2,702.31, and the Nasdaq fell 230.51 points, to 7,010.41.

Moments later, the Dow fell as much as 1,500 points and had erased its gains for the year.

[Lera]

Soros must be at it again

[Professional]

Yup, everyone sell, sell...sell...

It’s a proven strategy to create valuable tax losses. Tax losses are the ONLY sure and valuable form of investing. Everything else, so unreliable.

[Obadiah]

[Alberta's Child]

Some of us have been selling off periodically over the last 15 months just to protect some gains and give us cash to take advantage of buying opportunities.

Anyone who makes investment decisions based on the day-to-day performance of the stock market was born to be a loser in the market.

[DoughtyOne]

I agree, but the idea that the market is so shakey, a 1,500 point drop is warranted, is Looney Tunes. Doing that over a few days, sure, healthy. Doing it in a few hours represents full on panic.

The fundamentals are not that shaky right now.

[MAexile]

Just checked in on my portfolio.

I’ll be buying more of everything at discounted prices in short order.

I love fire sales...

[mlo]

"Yep... Yelin doing this to sabatoge Trump."

If you mean raising interest rates, rates have needed to rise for a long time.

[Sarah Barracuda]

Stocks go up and stocks go down..I think the market is just leveling off it was way too high to begin with so its balancing itself

[onedoug]

Yellen yelling on the way out?

[EdnaMode]

Obama’s fault.

[nickcarraway]

Would it be healthy to keep interest rates severely low for a long term? Look what happened to Japan?

[DoughtyOne]

Good practice, and good points.

[onona]

Boy, when it corrects, it sure don’t waste any time !

[Revel]

This is the deep state sending a warning to Trump and the republicans. They are saying back off or else.

[Alberta's Child]

It's not panic. It's being triggered by automatic selling.

Computer systems don't panic. They just make some really, really poor decisions because that's what they're programmed to do.

[sparklite2]

LOL

[TexasGunLover]

The deep state and soros are at work...

Any chance it could just be market forces?

[SoFloFreeper]

Oh the huge manatee

[Yaelle]

I have no control over my future inheritance so I don’t know what those financial guys do at times like this. I haven’t always liked what they’ve done in the past. But thanks for assuaging my worry because I am not very knowledgeable.

[Solson]

The quants are busy.