Dow down 416 points at this moment

[Yo_Mama_Been_Loggin]

Yep that Trumpy's a financial genius.

[MineralMan]

1. And below 24,000 to boot.

That floor is important, psychologically.

[Johnny2X2X]

9. Down 4.5% YTD

I don't think it gets enough attention, but Year to Date is very important because it coincides with the day the Trump Tax rates went into effect. If the markets would have been great this year and went up 15% or something, you can bet every single day the news would be talking about how it is because of the Trump Tax cuts.

Well, if you were sitting on the sidelines and you were sure Trump's Tax Scheme was going to be great for investors, so you jumped in with both feet the day the Trump tax rates went into effect, you lost. You were better off burying your money in the backyard.

[roamer65]

2. The credit markets are seizing up like November 2008.

I’d sell stocks and get into money market funds right about...NOW.

[AlexSFCA]

6. i did it when it was 26k, now waiting for futher drop

[roamer65]

7. This is really reminding me of late 1974.

Could very well be like the 1974-75 recession.

[Yosemito]

3. It will all depend on what the Fed does

It will all depend on what the Fed does. Do you know what time the interest rate decision will be announced?

[AlexSFCA]

4. the stocks are overvalued so the correction is obvious

IMO, we may see further decline down to 21k where I beleive it would be good buying opportunity for young folks. I moved everything to bonds at the peak and not going back to stocks until it drops even more. Our economy is weighted towards consumption but with the declining real wages, purchasing power and middle class, I don’t see current market as sustainable. Also, I agree with Robert Reich who thinks that stock market is not a good measure of economy as far as middle class is concerned. You can have poor market performance but with full employment and growing wages and the opposite can be true as well.

[roamer65]

8. A lot of the money in the stock market is "hot" QE money.

Looks like a lot of the QE money is about to vaporize. Easy come, easy go.

[berni_mccoy]

5. We are at the beginning of a Bear market, at least a 3 month contraction

Potentially with a recession on the horizon.

Equity holders with short-term exits are beginning to panic.

[Throck]

10. Don't mean beans if you don't have a 401K

I'll keep collecting nickel cans. People will be drinking more.

[Yo_Mama_Been_Loggin]

11. Unfortunately I do and I'm retired

The market's always had its volatile moments. But with Trump bragging that he's the reason it was doing well I wonder if he'll claim ownership of the correction.

Short answer, no.

[BritVic]

12. Now down almost 600 - about 150 away from a 52-week low.

...and about 3,500 off the all-time high.