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Wall Street in free-fall as traders ditch stocks amid global rout (Dow Down 921/6%)
Yahoo Finance ^ | August 24, 2015 | Adam Samson

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 ...


TOPICS: Business/Economy
KEYWORDS: 1moretime; investments; stockmarket; stocks
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To: pabianice

Given where the DJ was then, that’s probably the record percentage drop too, correct?


21 posted on 08/24/2015 6:48:52 AM PDT by nascarnation (Impeach, convict, deport)
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To: TexasFreeper2009

Not if the Democrats scare the hell out of people like they did in 2008 and a majority of voters don’t have the brains and the skills to figure it out. Gotta scare the hell out of them right back. Rational arguments lose when put up against an immediate, emotionally-based threat.


22 posted on 08/24/2015 6:49:32 AM PDT by ameribbean expat
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To: C19fan
Two types of replies on this type of thread:

"BUY STOCKS NOW!" or "This is it, folks. The end of the world. Lock and load."

23 posted on 08/24/2015 6:50:55 AM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: Carl Vehse
All the 401K- and IRA-dependent retirees will now have to re-join the workforce.
Nonsense. A market crash doesn't automatically force people out of retirement.
Most retirees who depend on their IRAs for income, will either adjust their monthly withdrawal down, or just wait for the principle to rebound with the market.

24 posted on 08/24/2015 6:52:40 AM PDT by oh8eleven (RVN '67-'68)
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To: TexasFreeper2009

“All the chickens are coming home to roost it seems for Obama and his total ineptitude.”

We know that, but not one of the media outlets will tie obama’s destructive policies to this. the majority of the sheeple will be fooled into blaming something else.


25 posted on 08/24/2015 6:53:48 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: C19fan

The market was overvalued - let’s not forget the damage to the economy that Obama’s socialist policies cause. It eventually brings everything down, except taxes.


26 posted on 08/24/2015 6:54:26 AM PDT by 1Old Pro
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To: thefactor

I’m more in the meh category.

It’s fascinating to watch, but I know this isn’t anything that hasn’t happened before and has been predicted for years.


27 posted on 08/24/2015 6:55:03 AM PDT by VanDeKoik
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To: Mom MD

I’m still moving into your basement.


28 posted on 08/24/2015 6:55:06 AM PDT by headstamp 2
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To: thefactor

Wonder which ones are putting their money where their mouth is?


29 posted on 08/24/2015 6:55:39 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: pabianice

And it happened on Reagan’s watch.


30 posted on 08/24/2015 6:56:54 AM PDT by oh8eleven (RVN '67-'68)
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To: Carl Vehse

RE: All the 401K- and IRA-dependent retirees will now have to re-join the workforce.

This is bad news for those who are close to retirement.

For those who are still young, they can ride this off via Dollar Cost Averaging.


31 posted on 08/24/2015 6:57:00 AM PDT by SeekAndFind (qu)
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To: C19fan

Will TPTB double down on the Obama Bubble, I’ll bet they do.


32 posted on 08/24/2015 6:58:50 AM PDT by junta ("Peace is a racket", testimony from crime boss Barrack Hussein Obama.)
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To: NeoCaveman

I remember that day in 1987...so far...you are correct...this is nothing in comparison.


33 posted on 08/24/2015 6:59:01 AM PDT by goodnesswins (hey..Wussie Americans....ISIS is coming. Are you ready?)
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To: Drango

Sure they are. What is the average P/E ratio?


34 posted on 08/24/2015 7:00:10 AM PDT by zek157
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To: abb

>> Wonder which ones are putting their money where their mouth is?

By the way, we thought caterpillar was on sale a few months ago... but it’s REALLY on sale now! :-)


35 posted on 08/24/2015 7:00:54 AM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: C19fan

I had to turn off Fox news. They had some Clintonista on who blamed Bush for this crash.

Good luck with that. OBTW, my $$ is not in the market. I invest in lead and blued steel.


36 posted on 08/24/2015 7:01:48 AM PDT by tgusa (gun control: hitting your target.)
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To: kjam22

Dow would be 17300 based on what rational metric?

Fed fund infusion?


37 posted on 08/24/2015 7:01:53 AM PDT by zek157
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To: Drango

If I had any cash I’d be buying like a crazy man! Fire sale in Pharmaceuticals!


38 posted on 08/24/2015 7:01:54 AM PDT by Freeport (The proper application of high explosives will remove all obstacles.)
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To: Nervous Tick

DOW up 500 pts in the past half hour! (it is all how you look at it)


39 posted on 08/24/2015 7:02:09 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Nervous Tick

It is. Very attractive dividend yields there, along with XOM, and RDS/B. Will be putting in a buy order shortly.


40 posted on 08/24/2015 7:02:47 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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