The dow today went down 360 points

[nadinbrzezinski]

we are getting more and more of these days

on edit

chart

http://money.cnn.com/data/markets/dow/

And I expect the sunshine crowd to tell me how good this is... after all it has only lost over six percent so far in less than a month?

I mean, not like a major crash...

[Deja Q]

1. More interest rate cuts will cure it!

And then we get more news articles about how the falling dollar is creeping out investors.

Uh, the dollar falling is occurring because of rate cuts, yes?

[no_hypocrisy]

2. And some more tax cuts for the top one percent earners.

[nadinbrzezinski]

3. Well they are blaming teh steep increase in oil

what was telling is that ABC news (head of the hour) actually admited the obvoous... this will cut on the spending of people in things like oh movies, restaurants et al

[TheWraith]

4. Actually, that was happening before the rate cuts.

The dollar is mostly the result of the weak economy and the massive budget defecits.

[Warpy]

5. ,,,and it's all the result of Stupid's reckless tax cuts to the richest

which have accounted for nearly all the yearly shortfall in revenue.

We have got to get the GOP out of office. We simply can't afford any more of their economic bungling, not as a nation and not as people.

[Deja Q]

13. Thanks for the kick in the right direction.

:)

Merely letting some of those big tax cuts expire won't do any harm -- nor is the expiration a tax hike. Just like how removing tax loopholes isn't a tax increase either (and any candidate willing to do both if not the latter has my vote.)

I think things will even out and get better over time, despite some of the things I've read about. The offshoring trend was, for me anyway, a good kick seat in the pants to start thinking of new careers and finding new opportunities for success. (I'm learning to see other perspectives and be more optimistic too. :) )

[spanone]

6. the pretzelnut says it's robust, robust he says.

[BeyondGeography]

7. Wow

:scared:

Incompetent and corrupt, Citigroup has gone from the heart of Enron to the center of subprime.

[nadinbrzezinski]

9. It will get interesting from now on

[bobthedrummer]

8. On top of everything else there is a destabilization operation well underway

targeting US and aided by our domestic enemies.

[nadinbrzezinski]

10. Do tell me about the destabilization operaton

[Deja Q]

14. I must agree.

Every time I feel a concern, I've posted, citing relevant criteria. Often with a poll. And the responses have put me back to reality where I belong.

It IS too easy to think of tinfoil hat theories and summarily call them "What's happening" without a shred of proof and based solely on various media sources. There are other perspectives and other sources to consider.

And just saying "there's a conspiracy" with nary a syllable to explain the feeling doesn't help either.

[madrchsod]

11. you mean the stock market is actually correcting itself?

the same thing that happened during the 90`s where the whole market was a con. unfortunately bush`s war has sucked the life out of any recovery unless massive overhaul of the tax system....i really don`t think that`s going to happen anytime soon....

[nadinbrzezinski]

12. This is far more than a correction, but thanks for playing

and I don't mean today, but the PATTERN.

It will continue to go down... and the sunshine crowd will keep using the technical names that don't make it sound bad.

If you had one day, perhaps two, of this.. yes correction... but how mnay two and a half percent drops do you need?

[Zywiec]

15. I don't understand

When the stock market is high and rising, it doesn't reflect the true economy and there are zero threads on it's rise. However, when it goes down, it apparently mirrors the poor economy and everyone loves to start threads on it's demise.

:shrug:

[nadinbrzezinski]

18. The dow is a distant indicator of the economy

in fact, I'd argue, the last place where bad news apears.

[TheFarseer]

24. yes, this means nothing

every time it has gone down sharply, it has recovered those loses in the next week. If it goes down another 300 points Thursday and Friday, then we will have something to talk about. Not that I'm saying the economy is great or anything, just that the DOW going down sharply one day means nothing and the DOW going up sharply one day means nothing.

[OrangeCountyDemocrat]

16. It's The Dollar Stupid!

The entire U.S. economy, much like this Mis-administration, is like a rigged deck of cards. And it's about to come tumbling down.

[Zywiec]

17. Then I guess in the mid 80's when the dollar was at it's height

you were praising then president reagan?

[OrangeCountyDemocrat]

25. Reagan Will Look Like A Frickin' Genius

By the time this all plays out, we'll have the potential for the biggest collapse in the U.S. economy, in the past 80 years.

[nadinbrzezinski]

19. It's not about to, it is coming down

[cali]

20. yes, I'm sure people will be flocking to this thread

to insist that the dollars's nosedive, the steep climb in the price of oil and the stock market losses are nothing to worry about.

There is no sunshine crowd here at DU. That is a strawman.

[Mike03]

21. Another ugly day

This is probably the result of China saying it is fed up with holding U.S. denominated equities and treasuries, and GM's admission of a 38 billion dollar loss, as well as $100 a barrel oil.

I don't think a 1000 point drop day is out of the question. So much leverage and devaluation needs to be squeezed out of the system. I just really feel bad for common investors who are in mutual funds and ETFs that are going to get hurt. It's not good news for anyone, but in a sad way this is totally inevitable--if that makes sense.

[nadinbrzezinski]

22. Oh it makes sense

hell, I think we may see something worst than a 1000 day...

We are in for a doozy and Bernacke is doing 180 from what was done in 29

The liquidity crisis is also part of this.

Best case we will see that day after the christmas season... people will pull back on spending

[OrangeCountyDemocrat]

27. They Just Eliminated Program Curbs

If I'm not mistaken, they relaxed the rules which come into play when the market is in free fall. In other words, there might be nothing to stop it from falling 1,000+ points.

The sky's the limit.

[nadinbrzezinski]

32. that's the only thing that has kept it from

oh my... I thought to myself, we have had two days of 2.50%+ losses... now it makes sense

[Mike03]

28. "Worse than 1000 points"

Yes, I didn't really want to post that, but if we had the equivalent now of the crash in 1987, it would be something like 3,000 or more points.

You think that is possible? There are some technical curbs in place that automatically curtail selling at some point, but I don't remember what the drop is. 1500 points?

[nadinbrzezinski]

33. I don't remember what it is either

but that is easy... have your massive "correction" over three days....

There are days....

But we have to be ready for this

[shain from kane]

23. I'm so glad I invested all my social security benefits in the stock market. n/t

[SpiralHawk]

26. "Wow, yeah, how do I get in on the Social Security-stock market gravy train?" - Freepers

It takes call kinds....

[NeedleCast]

29. Market up 1100 points (give or take)

for the year.

January first market was at about 12,200. Closed today, after 360 point dive, at about 13,290. Doesn't look terribly abnormal to me.

Market was at 12,000 in March, did a steady climb through May, bounced around between 13,000 and 14,000 all summer and into fall. '

Seeing as the market has never been this high before, I'm not sure that drops like this are going to be unusual. I don't think it's a sign of the end of days, or even a sign that I should be pulling my money out and burying it in coffee cans in the back yard.

[Zywiec]

30. I agree. Look at the trend over the last five years

http://finance.yahoo.com/q/bc?s=%5EDJI&t=5y&l=off&z=m&q=l&c=

Of course, sounding reasonable doesn't get any rec's on your thread.

[nadinbrzezinski]

34. There are some problems with this logic

we DO HAVE a serious liquidity crisis.. you do know that was ONE of the triggers for the great depresion.

We do have a crunch on spending, due to energy costs

And we have an increasing crisis of faith in certain sectors... see pattern for other crisis.

[alfredo]

31. Look at the international markets. It is midnight EST. How low?

Nikkei 225 15742 -354.43 (-2.20%)
Hang Seng 28623 -1,085.44 (-3.65%)
All Ordinaries 6557 -171.60 (-2.55%)

[nadinbrzezinski]

35. The fun has begun?

[alfredo]

36. If days like yesterday come in a string, I'd worry. Bernanke gave a

rather poor assessment of growth and inflation. It's the economy stupid!!!

[Virginia Dare]

37. I give you no economic sunshine..

looks like a bit of stormy weather on the horizon, like a category 5.