Down down 617 approx 9 minutes before close

[Liberal_in_LA]

giving up 2/3rds of Monday's big rally

[tekisui]

1. It is in the closing dive.

I was just about to post it. Down almost 7% now.

[Liberal_in_LA]

19. S&P down 9%

[ProdigalJunkMail]

2. that last hour is a bitch... n/t

[KamaAina]

11. Why don't they just close at 3?

I'm sure that'll be McLoser's next blockbuster economic proposal... :sarcasm:

[ProdigalJunkMail]

18. yeah...then we can all start drinking ealier

to ward off the blues...or create them...

sP

[Klukie]

3. Down 643

[Liberal_in_LA]

4. down 648, all three major indices down 7%

[CoffeeCat]

5. -657----man, 4;00 can't come soon enough! (nt)

[Liberal_in_LA]

7. down 670

[Klukie]

12. 690

[annunakigohome]

6. I saw Paulson's face before going on "GMA" this morning

and he looked as if he had seen a ghost. Turns out he had: the ghost of an economy.

There was going to be the announcement of September retail sales and some other bad news that escapes me at the moment. Hell, I knew the other day that the spooktacular news was all a house of cards. We need change at a fundamental level. All this other crap (lowering interest rates=printing more money=dollar weakening) is just smoke and mirror and another hit of economic smack for the money junkies. We need serious rehab!

[tekisui]

Down 681 now, 7.3 %

[burythehatchet]

8. 1500 point swing in two trade days. That is a very very bad thing, the volatility.

[tekisui]

10. The big upswing is as bad as the dives.

False hope earlier this week.

[Common Sense Party]

21. Why is that a bad thing? nt

[burythehatchet]

25. Volatility is the fatal enemy of the investor. When you invest, you want to have

as much as possible a known rate of return. This is the opposite, it is almost pure gambling. That is why people are pulling out, because they don't have any idea where the wheel will stop. So capital sits on the sidelines which creates a downward pressure on stocks.

[Common Sense Party]

27. I couldn't disagree more. Volatility is what begets returns.

Especially for those of us who aren't done buying. Volatility is the best friend of the dollar-cost averager, the long-term investor.

I don't know anyone who invests in stocks expecting "as much as possible a known rate of return." That is nonsensical.

Markets like this return stocks to their rightful owners--those who are willing to own shares of good companies for the long term.

[burythehatchet]

29. right-o. Nobel prize 4 u

[Common Sense Party]

31. Oh, sarcasm, that's cute. How about Econ 101 for you? nt

[Skink]

9. Mccain's gonna be in a bad mood tonight.

Can't talk about investing Social Security in the market.

[MindPilot]

13. Looks like a close under 9000

8629 with 3 minutes to go

[Subdivisions]

14. -722 n/t

[Subdivisions]

22. Down 8% on the day. n/t

[Liberal_in_LA]

15. down 700+

[TahitiNut]

16. "Sell at end of trading day" dumping ... getting cash. Down 725 so far.

:shrug:

[Purveyor]

17. Off another 100 since your post. Now at down 720 eom

[Selatius]

20. Monday's "sucker rally" is over. nt

[MindPilot]

23. 8,570.50 at the close down -740.49

eek!

[Common Sense Party]

24. Sweet! I just got paid today, so my 401(k) contribution will be buying

cheap! I couldn't be happier!

[Ikonoklast]

26. Adjust your meds. n/t

[Common Sense Party]

28. What, so I can be a doom-and-gloom Chicken Little?

Fat chance.

[MindPilot]

30. Adjust hell! He should share! n/t

[Common Sense Party]

32. Get yer own. nt