MSNBC BREAKING: dow has plunged 500 @ 11:31 pst

[Snoutport]

just on MSNBC

[dana_b]

1. your sig line

is almost humorous today. thanks for the update - i think.

[Snoutport]

2. 525...538...541...542

[sixmile]

3. Investors fleeing

I'm not fleeing. Where are they going?

This go 'round could be a sea change.

[abelenkpe]

4. Don't they have to halt trading at some point if it continues to fall? nt

[Ruby the Liberal]

14. The first trigger is 1,200 loss

[liberal N proud]

5. It should easily be over 600 before closing bell

Then what ever it sinks after that.

[daa]

6. Obama must be talking nt

[grasswire]

10. on MSNBC they didn't show the dow while he was talking

I was hoping it would show so we could see if there was a piehole effect today.

[daa]

11. The president's remarks did little

to quell investors fears, as stocks hit fresh lows after he addressed the nation. The Dow Jones Industrial Average, which briefly fell more than 600 points, was recently down 520 points. The blue-chip index slashed more than 100 points after Mr. Obama spoke.

http://professional.wsj.com/article/SB10001424053111904007304576496312729775524.html?mod=WSJPRO_hpp_LEFTTopStories

[grasswire]

16. they said it dropped 150 points as he finished speaking because...

...as one trader said "there was nothing new in his remarks."

[earthside]

7. Don't worry.

President Obama has assured us that "We always will be a triple 'A' country."

[Snoutport]

8. Up to 499....

[CleanGreenFuture]

9. And TV coverage is on furious, full-on spin cycle.

[sinkingfeeling]

12. Now it's 453. If the stupid MSM would shut up about it, the market would start coming back up.

[Initech]

13. Great Depression 2: Electric Boogaloo

[JDPriestly]

15. I just checked on Yahoo.

Ironically, McGraw-Hill (which "owns" the S&P) appears to be down a couple of more percentage points than some of the other big corps.

It's McGraw-Hill that downgraded the treasury notes. Hilarious.