Dow Closes Down -606 points

[mitty14u2]

Source: Bloomberg

https://www.bloomberg.com/live

Read more: https://www.bloomberg.com/live

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World Markets Roiled by Brexit; Dow Plunges http://www.bloomberg.com/

[yeoman6987]

1. I was expecting worse since it was down 600 when results were announced.

[Warpy]

14. Futires were down 695 when I went to bed late last night.

Market was down 670 before that late rally came in, per the live feed of the Big Board on my local news site.

Good news for Americans with money for travel, the Pound took a drubbing, too.

How low will the market go next week? I have no clue. I do know that this will take weeks to shake out, so buckle your seat belts.

[broadcaster75201]

29. Same. All in all, not NEARLY as bad as I thought

Of course there are screaming headlines. And yeah, a bunch of morons who didn't know what they were doing voted to Brexit. But it's not a catastrophe (yet) and there is time to correct this huge error. This may be the ultimate blessing in disguise.

[DemFromPittsburgh]

2. Damn

[still_one]

3. Not too bad. Was up over 200 points yesterday. Monday will be interesting

[apcalc]

4. Don't overreact...

It'll go back up. Sounds like a good time to buy, actually!

[jpak]

5. Trump thinks this is great, terrific, fabulous

idjit

yup

[mitty14u2]

12. Protester at Trump Golf/Stump Speech!

[XRubicon]

6. Time to buy. nt

[Yavin4]

9. ^^This^^

Though, I would wait a day or so. May drop even further after the weekend when folks have time to do a full analysis.

[XRubicon]

10. Don't get me wrong, this is bad... but

Only if you sell.

If you can, buy.

[newthinking]

7. Was this the excuse that was needed to start the selloff that was eventually going to happen?

Why is it that the media started to rant about the markets before this even happened? Because the wealthy make a ton of money in this age when the market tanks and a cyclical market with large ups and downs is much more useful than a stable one when you have the right resources and capabilities.

This may just be a "profit taking opportunity" but there is likely a cycle on it's way. The wealthy elite expect high returns and they are exhausting other avenues (real estate etc).

[phazed0]

11. The Dow is artificially inflated anyways... nt

[LanternWaste]

15. The best part is when you supplied all the objective and peer-reviewed evidence to support your prem

The best part is when you supplied all the objective and peer-reviewed evidence to support your premise, else we'd be left with nothing other than another empty allegation.

Good on ya.

[phazed0]

20. You mean, like this?

NYP - Stock market rigging is no longer a ‘conspiracy theory’
The Motley Fool - Have Stock Prices Been Artificially Inflated by the Fed's Actions?
USA Today - Is Fed inflating stock bubble?
The Guardian - This is no recovery, this is a bubble – and it will burst
Goldman Makes It Official That the Stock Market is Manipulated, Buybacks Drive Valuations

So where was your 'evidence', again?

[StoneCarver]

21. You are unwise my friend.

I can't seem to post the graph of the DOW since 1900 so I hope this link below works for you. Do some linear regressions on some of the "run ups". Trees don't grow to the sky. These markets are total BS. I'm sure the plunge protection team is hard at work buying futures in hopes of stabilizing things.

Don't get me wrong, I love the markets. But we don't have a market, we have a paper game.

The British exit from the EU is a big deal, because it means the end of the EU! Now it's just a matter of time. That's what the smart money knows and why they're selling. The EU is one of our largest trading partners.

http://education.howthemarketworks.com/glossary/what-is-the-dow-jones-industrial-average/
Stonecarver

[brooklynite]

25. I bought by Apple stock at 65c a share (after splits)...

If it deflates, I think I'm still coming out ahead.

[GummyBearz]

31. Gee ya think?

The fact that its currently over priced big time doesn't mean you didn't make a great buy back in the mid 80's

[closeupready]

13. Eh, so what. Markets are volatile. They drop, they rise.

[LanternWaste]

17. I pretend a 500+ drop is too trivial to merely discuss as well

I pretend a 500+ drop is too trivial to merely discuss as well. Hope everyone becomes as evolved as we are and implies absolute knowledge of which discussions should be minimized. What a fine, fine world that would be...

[closeupready]

18. 500/18,000 = 2.7%.

[GummyBearz]

32. To be fair that is a lot if you're all in

Seeing a 2.7% drop in your retirement fund in one day is roughly the same as a weak kick in the balls. I've seen a lot worse, but it still hurts. That said it is nothing to panic over... the market movers (ie. big banks) are either a bit nervous due to uncertainty, or they are actively taking advantage of the uncertainty. Once the uncertainty goes away everything will normalize

[Mass]

16. They will come back.

Right now is not a time to sell, but the media will frighten people and get them to sell at the worst time.

[lapfog_1]

19. in the modern era

most market crashes happen on a Monday.

notable exceptions are dates like 9/11/2001

[liberal N proud]

22. There goes the 401 again

[yeoman6987]

30. Leave it a lone.

So many get scared for nothing. We'll be at 25,000 before we would get to 10,000. The market needs a 10 percent correction anyways. This is good. The first everyone's 401K deposits will hit so hopefully they get stocks cheaper.

[ripcord]

23. The market was up 400 points this week

From people who wanted to cash in on Britain staying in the EU, take that into account and they are down less than 300 points. This is not the time to panic.

[Purveyor]

24. Pretty tame considering all the media hysteria... eom

[Itchinjim]

26. My 401k buys on Fridays.

Bargains to be had.

[Nye Bevan]

27. Down 275 compared to its close a week ago.

And less than 100 below its close on May 23.

It's not like the world is ending.

[oswaldactedalone]

28. Thanks a lot

you British fucktwits.