Stocks Are Getting Demolished

[FarCenter]

The global market sell-off is getting a whole lot worse.

The Dow is down 180 points. The Nasdaq is down 83 points, which translates to a 2.2% loss on the day.

The biggest losers today include chip companies AMD and Micron Technology, which are down 5% and 4%, respectively.

All of this comes as tensions heat up in Syria.

Read more: http://www.businessinsider.com/nasdaq-stocks-tanking-2013-8

[Blue_Tires]

1. Why people still mess around with stocks, I'll never know...

[HardTimes99]

5. One reason people still mess around with stocks is that savings accounts pay 0%

and 10-year bonds aren't much better (about 2.75%). In other words, the risk-free and low-risk alternatives don't even return enough to keep up with inflation. So if you have your savings in a savings account, it is losing about 2% purchasing power per year, given a 2% inflation rate and 0% interest paid.

[edhopper]

14. Part of the great war on the middle class

steal your savings or force you to invest in the fixed casino that is Wall Street.

[HardTimes99]

16. There are several reasons why savings accounts and bonds do not

return enough to even keep up with inflation, but the main reason (imho) is that global demand is so depressed that businesses do not need to borrow any money to finance the operation and expansion of their stagnant operations. Easier to increase profits by cutting wages and benefits than by trying to sell goods and services to a market without the wherewithal to purchase them. When demand for money is weak, interest rates will decline to near nothing, as has been the case since 2008.

[edhopper]

19. Don't underestimate

all the free money Bernake has been given out to Corporate America for the last 5 years.

[Junkdrawer]

2. Just getting started....

This is nuthin

[DinahMoeHum]

3. Well, hell, I'm sittin' on some cash. . .

. . .and if/when things really get bad, I'll jump right in.

As followers of Warren Buffett and John Templeton have said though the decades: you have to be greedy when others are fearful, and you have to be fearful when others are greedy.

[HardTimes99]

7. IIRC, the sentiment was first uttered by the Baron Rothschild who said (paraphrasing) to buy when

others are selling and sell when others are buying.

[DinahMoeHum]

10. . . .and to buy when the blood is running in the streets. . .

n/t

[denverbill]

18. I've been better this time around. Every time the market goes up 1%, I pull 1% into cash.

And vice versa.

I didn't do that during the Bush stock bubble/collapse.

It's nice to always have some cash on the sidelines and buy when prices are low.

[Cali_Democrat]

4. Dow is down a little over 1%

I wouldn't really call that a demolishing.

[HardTimes99]

9. Hear, hear! Thanks for some math sanity :) - nt

[hfojvt]

15. it's not even down

if you look at it compared to last year.

Last year it was at 13,200 now it is at 14,800.

However, last month it was at 15,600 so it has taken a fair beating, but that beating down comes after a surge up. So it is not a loss even compared to four months ago.

[FSogol]

17. C'mon, you are using facts again. That won't go over well.

[daa]

6. Its easy Syria and Summers nt

[PowerToThePeople]

8. I am out

Been out of the stock market for a while.

Why should I play the game of the 1%? I can not win. It is their ponzi scheme to control. I am going to drop out further and further from "capitalist" society as my world allows.

[DontTreadOnMe]

11. exactly correct.. the 1% needs everyone ELSE in the market, so they can make...

their killing.

[HardTimes99]

13. A noble goal. I hope you succeed. My thoughts have been trending in that direction since 2001 but

I haven't yet bit the bullet and gone 'all in' on dropping out. Thought about doing it with Occupy Los Angeles and am glad now I decided not to.

[bowens43]

12. it's all meaningless and irrelevent to the vast majority of Americans, its not even a good indicator