Dow plunges.

[Skink]

[n2doc]

1. So? n/t

[Donnachaidh]

2. :shrug:

:shrug:

[livetohike]

3. And? Stocks go up and stocks go down n/t

[rd_kent]

4. BFD. Next.

[burrowowl]

5. Must have been a good SOTU speech

;)

[rrneck]

7. Bingo. nt

[Fire1]

12. +10

[madokie]

29. It was a kick ass one if you ask me

[jayfish]

6. Fuck Da Dow!

Jay

[harkadog]

11. And fuck all the pension plans which are tied into the Dow.

[spanone]

13. i take it you don't have a pension plan that's tied to the dow....hence your compassion

[harkadog]

15. Meant to be sarcastic reply to the poster above.

That poster doesn't give a shit about workers pensions which are tied to stocks which almost all are.

[Yuugal]

18. Do those of us with nothing to invest

owe something to the people rich enough to have money in the market? My kids will be paying for the trillions that went to stabilize the rich people's economy probably for their whole lives. My family already gave at the orifice. ;)

ps- there is no law saying you have to have your pension in stocks.

[harkadog]

20. PS - you don't know much about pensions.

Pension funds are not controlled by individual workers. They are controlled by employers - whether public or private -- and occasionally unions. In fact many public pension plans are affected by state laws determining where funds can be placed. If you are working and part of your wages or benefits go to a pension or some sort of 401 plan then you are invested in the market whether you like it or not.

[hfojvt]

21. yeah, I thought it sucked that my 401K did not have a non-market option

Why can't I put it in bonds or CDs if I choose, like I do with my IRA? Sure, that is supposed to be a stupid option, but when I had the option of 401K back in September of 2001 it seems like they all had 3 year returns that were NEGATIVE. Sorry, but even the CD rates now are better than a negative return and the DJIA seems to be about where it was 9 years ago.

[Yuugal]

26. I'm so very sorry

Do you by chance have any grey poupon?

[PassingFair]

23. Our pension plans should NOT be tied to the Dow.

THAT'S the problem.

Get them OUT of the market, and let the
chips fall where they may. Your illusory
"pension plans" are propping up the casino.

[jayfish]

33. Not My Problem Really, But No.

It's more fuck the theater of the DOW dropping 116 points the day after a State of the Union speech that wasn't very complimentary of Wall Street. You can be snarky though. I understand.

Jay

[Swede]

8. You make money on the DOW when there is volatility.

That's how it's done.

[Cali_Democrat]

10. You can also make money if the Dow goes sideways with low volatility.

This is where selling options would come into play.

Up....down....sideways....it don't matter. A good trader will profit from any direction in the market.

[TexasObserver]

19. For every winner, there is a loser.

And given fees, inflation, and the devaluation of the dollar, even some of the "winners" turn out to be losers.

Sure, there are people who make money playing the volatility, but it's just like going to a casino and throwing the dice. It's a crap shoot, and anyone who says they know what the market will do is either lying or committing a rule 10b-5 violation.

Volatility makes as many losers as it does winner, and it's just like betting the over/under in sports books. You may be right, but the best thought out plan can hinge on something that could not be anticipated.

Playing the market is glorified gambling. It is possible to make money by understanding long term trends, but betting on short term trends is skating on thin ice. I'm an advocate of investors choosing the type of investment that most fits their emotional and financial needs, and getting in and out as few times as possible. Be thoughtful about the time to buy or sell, but once in, plan on being there a while.

[kirby]

9. 1-2% is not plunging. n/t

[G_j]

14. 10095.74 -140.42? (-1.37%?) Jan 28 2:19pm ET nt

[Jennicut]

16. I am not worried, I got nothing in the stock market. With what money can I blow on the market?

I have nothing left over each month.

[TexasObserver]

17. 100 points is not a plunge. It's not even a dip in the pool.

The DOW PLUNGED 600 points in three days last week after the loss in Massachusetts.

The DOW has hovered in a 100-200 point range all week, and it's about where it started this week.

You used a term that is not appropriate.

600 points in three days is a plunge.

300 points in one day is a plunge.

80 points in one day is a hiccup. It's down 78 today with less than an hour before the close of trading.

[AngryAmish]

22. Way. To. Go. Bush.

[MadBadger]

24. Well this post is whole lot of FAIL

[TheWebHead]

25. S&P has lost about 5 1/2% since the Obama bank tax announcement

there are other issues bringing down the market (China putting the brakes on, weak legs of EU), but the bank attack has been a big chunk and hurts psychology. Basically in order to get $90b from the banks we've seen a couple trillion in equity losses or about $300 billion in potential capital gains tax revenues and the wealth effect from that added couple trillion. Getting punitive with banks is a futile effort, because whatever funds you hope to obtain will be dwarfed by the erosion of market confidence.

[RoadRage]

27. Call me when it's down 500 for the day.. that's a plunge. NT

[bridgit]

28. Pansy's, all clamoring for slam-dunk profits - well the people are done with their dead-cat-bounce

These people want to buy blood diamonds & new Hummers when their ash trays get full. It's time for Wall Street to wake the hell up :rant:

[Marr]

30. If that's the case, I think the market's big players should be investigated,

and if they're found to have intentionally influenced the market to send a political message, they should be treated as terrorists.

[Fire1]

31. Unrec for lying. n/t

[lpbk2713]

32. DJIA is down a little over 1% .... Oh noes!!!11!