Stock Market Down 462 Points !!!

[WillyT]

Whoa !!!

Link: http://www.cnbc.com/

[Turbineguy]

1. Retirees being harmed

Let's dance!

[girl gone mad]

14. Retirees should not be invested in the robot casino.

No one should, to be honest.

[Harmony Blue]

21. Exactly

All my major investments are with credit unions.

[EmeraldCityGrl]

28. Anyone still in that rigged game deserves what they get. n/t

[RUMMYisFROSTED]

2. tfh

:tinfoilhat:

[midnight]

6. Rummy I love the saucer....

[gateley]

3. What''s their explanation this time? Is it beause the Republicans

are trying to shut down the governmet again?

[WillyT]

8. Well... There's This...

Global Meltdown: Investors Are Dumping Nearly Everything
Published: Thursday, 22 Sep 2011 | 12:16 PM ET Text Size
By: Patti Domm
CNBC Executive News Editor

Link: http://www.cnbc.com/id/44626413

:shrug:

[gateley]

12. Just heard that on MSNBC -- thanks. Not being involved in the

Market, I don't pay that close attention, but it seems as though it's down, up, down, up, with amazing frequency. So it's almost like it doesn't "mean" anything, but I know it's got to. :shrug:

[midnight]

17. "The activity on the part of the Fed is really going to make it difficult for banks to make money

unless they start lending. That's what the Fed hopes will happen. " interesting way to force the banks to lend...

[jannyk]

13. Bernanke's 'Twist'.

[Drale]

4. It will probably go up 500 points tomorrow

the stock market is so fucked up, that it can not be used to gauge the economy.

[JuniperLea]

16. Yep... it was always just one of many indicators...

But even at that, the volatility has been so extreme that it isn't even a good indicator anymore.

I'm betting we go back down to 8500 or so eventually... this current level isn't sustainable for much longer.

[Andy823]

22. I agree

It's the monthly "sell off" for profits, and when prices get low enough, the same people will be buying up the cheap stocks, and commodities, and start the process all over again. We need tougher regulation on hedge funds, speculators, and wall street in general!

[ChandlerJr]

5. Bonds, gold and other commodities are down also

They're mostly going to cash. Not a good omen.

[marmar]

7. Yep. When stocks and gold are sinking at the same time, it's ugly.

nt

[Yavin4]

9. The Greek Default Is At Hand

People are cashing out of stocks, bonds, and gold in order to meet committments when Greece defaults.

Also, the Fed's Operation Twist announcement yesterday was much like the Star Wars prequels, highly anticipated but very disappointing.

[marmar]

10. "was much like the Star Wars prequels, highly anticipated but very disappointing"

As a Star Wars fan, I've got to say, the force was with you on that analogy.

[slackmaster]

11. Even precious metals are down today

Except for firearms and ammunition.

;-)

[formercia]

26. That's where I put what little money I had, 8 years ago.

I look at the prices now...Oy !!

[safeinOhio]

15. This is easy

When the market goes down 400 point..........BUY

When the market goes up 400 point............SELL

[Liberal In Texas]

18. Transaction Tax.

It would slow down this churning volatility significantly.

[WillyT]

20. + 1,000,000,000... What You Said !!!

:hi:

[Liberal In Texas]

23. TY...Maybe the market would turn into an area for actual investment

instead of a big casino.

[BadgerKid]

19. Seems like a self-congratulatory response, sadly. n/t

[FSogol]

24. One day history will be condensed to the following: "After the death of Christ, there was a period

of readjustment that lasted approximately 2000 years." - Kurt Vonnegut

[LaurenG]

25. Why what happened today? nt

[JoePhilly]

27. If the DOW falls under 10,600 or so BUY.

Any one who has money in the market is seen that for the last 9 months, the DOW is bouncing between 10,500 and about 11,500.

When it drops UNDER 10.5, buy some.

When it gets above 11.5, sell some.

That range, is the same rough range where the DOW stayed from 2000-2007. It spiked to 14k, and then fell to 6500, and then returned right back to this range.

The market is stuck in the same range from 2000-2007. And as long as the GOP has any control on how our government responds, there is no real reason for the market to move much outside those ranges.

On the extremes, we could see drops under 10k, and increases above 12k. Those are not likely to be long term events (see the 2008 collapse as a reference). If they happen, BUY some more on the low side, and sell some more on the high side.

Oh ... and only do this with a LONG TERM investment horizon. This should be money that you do not absolutely need in the next 3-5 years.

And then ... NEVER take investment advice from people DU. Don't believe anything I said above.

This site has predicted a full on double dip each summer since Obama took office, still has not happened.