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 ...
All the 401K- and IRA-dependent retirees will now have to re-join the workforce.
That’s like major major!
What’s the record in a day? 600?
Time to buy. Stocks are on sale.
All the chickens are coming home to roost it seems for Obama and his total ineptitude.
Whoever our nominee is will be the next president.
Just set my retirement date. Will now probably have to revise in the next few months. I don’t think today is the end of the drop
in 1987 on Black Monday the DOW dropped 508 points which was 22.61%. That would be the equivalent of a drop of 3,200 points today.
Based on percentage loss have a chance of cracking the top 20 single worst days.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
It will be 17,750 within 3 weeks.
Thanks, China, for letting your stock market be massively over-leveraged ....
just so you could say your economy was as big as the US’s ....
idiots
well said ... I remember Black Tuesday ...
Or delay our plans to retire. Mrs. POF just announced she’s going to work until 70 instead of 67.
As I write this (9:43 EDT), the Dow has recovered to about -500. This is indicative of (1) investors with big balls moving in (not an unlikely scenario), and/or (2) Treasury and the Fed are busy.
We’ll see how this plays out.
CA....
Record one day drop is 777 in 1987.
The Obama socialist economy -
stock market crash, check
wage stagflation, check
healthcare cost skyrocket, check
no significant job growth, check
higher taxes, check
more government handouts, check
middle class suffering, check
golbal unrest and the rise of terrorism, check
government corruption with the IRS, Hillary’s emails, check
I’m not even in the market and that headline made me gasp out loud!
Thank you for providing another rational voice in the discussion.
Get them by the wheelbarrow load.
Don’t worry. Jim Cramer is on explaining it all.
He’ll save us!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.