In the past 8 days, the Dow has lost close to 10% of its value.

[Pale Blue Dot]

People say that we shouldn't panic; that the Dow hasn't crashed. I say even if you ignore all of the other horrible things going on in the economy, the Dow IS crashing, just in slow motion.

Like everything else that's happened in the past 8 years, this is more boiling the frog.

[Frustratedlady]

1. I just got notice that the Dow has dropped about 350 amid worries of oil/auto

Dow Jones industrials drop about 350 amid worries about $140 oil and
financial, auto sectors.



Log on now to www.cbsnews.com, or wap.cbsnews.com for wireless users, for details.

[pt22]

2. Not true, it has lost 10% of its price.

:evilgrin:

[Recursion]

8. Excellent distinction

And a lot of the people whining are still up from when they bought. It irks me.

[DJ13]

3. It was 30% over valued before it lost that 10%

Lots more to go.

[jpertello]

4. very similar in some ways to 1929

http://www.stock-market-crash.net/1929.htm

"By 1929, the Fed raised interest rates several times to cool the overheated stock market. By October, the bear market had commenced. On Thursday, October 24 1929, panic selling occurred as investors realized the stock boom had been an over inflated bubble. Margin investors were being decimated as every stock holder tried to liquidate, to no avail. Millionaire margin investors became bankrupt instantly, as the stock market crashed on October 28 th and 29 th. By November of 1929, the Dow sank from 400 to 145. In three days, the New York Stock Exchange erased over 5 billion dollars worth of share values! By the end of the 1929 stock market crash, 16 billion dollars had been shaved off stock capitalization."

[anigbrowl]

13. It sounds like the opposite to me

The fed has been slashing rates. The Dow is having a bumpy year, but that's way off from losing 60% of value in 3 days. In general, I don't trust commentaries that make heavy use of exclamation marks!

[SpiralHawk]

5. The putrid fruit of republiconomics

[NightWatcher]

6. they cant hold the market up much longer. the numbers are seeing through the BS

I dont know if it will hold up until Obama takes over before it crashes, like the repiggies have planned

[RUMMYisFROSTED]

7. A third of a point (not %) a day under Chimp.

Miracle worker.

[Selatius]

9. The Dow is still overvalued anyway. The S&P 500 more closely matches the performance of the economy.

[Pale Blue Dot]

10. The S&P 500 is down about 9.4% over the past 8 days. nt

[Selatius]

12. Shit, that's worse than I thought. Regardless, if the economy is any indication, it will fall far.

[Bonhomme Richard]

11. To me the market is another version of Vegas.

It doesn't rattle me anymore because they don't play by the rules we think they do. It is just another rigged game. The "experts" speak as if it really has anything to do with the economy that is the reality of the average citizens economic picture.
It's all part of the big con.

[TheWatcher]

14. The Most Astute Observation So Far in this thread.

Some get it. Most Don't.