Stocks Plunge Along With Price of Oil; Dow off 500 Points

ABC News ^ | January 20, 2016 | Marley Jay

[Deo volente]

The Dow dropped 520 points, or 3.2 percent, to 15,549 as of 12:30 p.m. Eastern time.

The Standard & Poor's 500 index lost 63 points, or 3.4 percent, to 1,817. The Nasdaq lost 150 points, or 3.4 percent, to 4,325.

U.S. indexes are down 10 percent or more since the beginning of the year.

Bond prices rose as investors shifted money out of stocks.

[rovenstinez]

Sounds like Wall Street didn´t like the State of the Union speech.

[E. Pluribus Unum]

Quick! Restart the 85-billion dollar a month QE pump!

[refermech]

Is my gold going up yet?

[DIRTYSECRET]

I’M SOLD! What happens if it REALLY crashes in ate October?

[Snickering Hound]

[Perseverando]

Down 552 now.

[Darteaus94025]

Looks like the 0bama bubble has popped!

[jpsb]

Trading gets suspended at around -800 (down 5%)?

[Lazamataz]

I am so screwed.

[xzins]

Obamanomics coming home to roost.

Saudi oil price war coming home to roost.

Chinese centralized government forced industrial over-expansion coming home to roost.

[fruser1]

I guess they’re now realizing that a lot of folks got coal for Xmas.

[stephenjohnbanker]

“Quick! Restart the 85-billion dollar a month QE pump!”

At once !!!!

[cuban leaf]

I got out a while back. Probably a bit too soon, but I am lousy at catching falling knives.

[cuban leaf]

I think it’s time the fed increase the rate.

[Night Hides Not]

Great opportunity if you're dollar cost averaging. I told my kids a month ago to put their spare cash into an energy fund. They're in their 20s, they can afford to wait it out.

I'm very familiar with doubling up during market swoons.

You know...double up...then throw up! lol

[John W]

Under the revised rules approved by the SEC in 2012, market-wide circuit breakers kick in when the S&P 500 Index drops 7 percent (Level 1), 13 percent (Level 2), and 20 percent (Level 3) from the prior day’s close.

A market decline that triggers a Level 1 or Level 2 circuit breaker before 3:25 p.m. will halt market-wide trading for 15 minutes, while a similar market decline “at or after” 3:25 p.m. will not halt market-wide trading.

For 1st Quarter 2016, the market-wide circuit breaker levels are:

Level 1 = 1,850.94
Level 2 = 1,731.52
Level 3 = 1,592.20

[LS]

Me too. I picked a bad time to give up work (and retire) . . .

[Alberta's Child]

I just got confirmation of an IRA rollover from a U.S. stock fund to cash that was executed last week. Talk about timing. LOL.

Not that it matters, in the long run. It's supposed to be a lateral transfer back into U.S. stocks, but I guess I will be buying back in at a reduced price.

[RckyRaCoCo]