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Stocks Plunge Along With Price of Oil; Dow off 500 Points
ABC News ^ | January 20, 2016 | Marley Jay

Posted on 01/20/2016 9:38:38 AM PST by 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.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: economy; stocks
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To: John W

Those percentages are correct but the actual numbers were for the day that story was published not valid today.


21 posted on 01/20/2016 9:52:55 AM PST by John W (Under One Year And Counting!)
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To: refermech

It’s up $16 an oz.


22 posted on 01/20/2016 9:53:14 AM PST by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: Night Hides Not

I would wait on the energy funds. They still have a ways to go on the downside.

Oil could go to $18 before this is over. Companies are getting killed by this plunge and that will be reflected in their stock price. There’s a lot of selling still to be done.


23 posted on 01/20/2016 9:53:44 AM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: Deo volente

The recent worldwide “stock market correction” has wiped out...

$17 TRILLION in equity.

That’s more than the entire US economy


24 posted on 01/20/2016 9:53:51 AM PST by PanzerKardinal (Some things are so idiotic only an intellectual would believe it.)
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To: Deo volente

Oil is finally getting to where it should have been at for the last 15 years.


25 posted on 01/20/2016 9:54:10 AM PST by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: John W

OK, thanks 7% would be a big drop.


26 posted on 01/20/2016 9:54:14 AM PST by jpsb (Whar)
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To: Deo volente

As the stock market plunges, raise your arms over your head and scream, “Weeeeeeeeeeeeeeeeeeeeeee!” ;-)


27 posted on 01/20/2016 9:54:50 AM PST by r_barton ("Trump" word origin "Triumph" - Merriam-Webster Dictionary)
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To: Deo volente

The traders are dumping. Mom and Pop buy and hold are being dumped on because the fed forced them into the equity market and McDonalds. I think we need more central control and ethanol subsidies.


28 posted on 01/20/2016 9:55:45 AM PST by jwalsh07
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To: PanzerKardinal

Our national debt has also exceeded GDP.

Bad news all around.


29 posted on 01/20/2016 9:56:49 AM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: jwalsh07
I think we need more central control and ethanol subsidies

The mandates should be named after Trump, the only candidate who wants to INCREASE them.

30 posted on 01/20/2016 9:57:00 AM PST by St_Thomas_Aquinas (Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: All
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31 posted on 01/20/2016 9:58:02 AM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: jwalsh07

Hard to blame Mom and Pop for this debacle. The markets were the only place for the small investor to make money, since the Fed’s zero percent interest rates ruined their savings.

Now they’re going to get hammered, while the big banks and Wall Street traders continue to prosper.

Gee, I’m sounding like Bernie Sanders now! LOL.


32 posted on 01/20/2016 10:00:54 AM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: cuban leaf

I’m lousy at running in front of steam rollers picking up dimes.


33 posted on 01/20/2016 10:01:20 AM PST by Darteaus94025 (Can't have a Liberal without a Lie)
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To: Deo volente

Time to move into metals.


34 posted on 01/20/2016 10:03:27 AM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: Deo volente
Bad news all around.

Look in any direction, the country is broken. There will be more bad news. I'd guess the duration of this is going to be a long one. I'm no expert but if I were to invest, I park money in real-estate. But no guarantees there either.

35 posted on 01/20/2016 10:04:53 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Deo volente

At 1205 CST the market seems to have made a turn back upwards. Is the Fed shoveling money into the big banks with instructions to buy? If that is done repeatedly then I would kind of expect wider and wider swings in a generally down trend.


36 posted on 01/20/2016 10:05:24 AM PST by arthurus (Het is waar. Tutti i liberali sono feccia.)
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To: Darteaus94025

Buyers are rushing back in. We’ll see if this is a real rally.

Much of the selling this morning was by automatic computer programs, according to CNBC. People aren’t even in charge anymore.


37 posted on 01/20/2016 10:05:45 AM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: arthurus

It’s all manipulated. It’s why I got out years ago.


38 posted on 01/20/2016 10:06:11 AM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: Deo volente

Yeah! A good time to make a lot of.money.


39 posted on 01/20/2016 10:08:24 AM PST by Ajnin (Wolves don't lose sleep over the opinion of sheep.)
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To: Deo volente

Not blaming Mom and Pop. ZIRP the magic bubble maker brought to you by the central planners is the culprit. I know I am a hater that gotta hate central planners but there you have it.


40 posted on 01/20/2016 10:09:01 AM PST by jwalsh07
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