Dow Down 191 plus points today.

[Jon8503]

[cheezus]

1. what % is that?

really more on an indicator

[Zynx]

2. A little under 2%.

[cheezus]

3. that's a significant drop

but not a huge one

[Zynx]

4. The recent drop really isn't all that bad.

10% moves in the market are as common as Bush making stupid comments. Well, not quite that often, but they happen usually 2-3 times a year and in the case of 2002 about 8 times.

[ret5hd]

7. didn't you say yesterday you expected it to go up today...

or am i thinking of someeone else.

[Zynx]

12. I was wrong, but 2% is hardly a big deal.

I was off by a day or two. Big damn deal. The same thing happened in 2002 when I was off by a few days in calling the bottom and a few hundred points, but it happened and then the market went from 7200 to 10000 in a year and a half.

[DelawareValleyDem]

5. Damn, I checked it about 2:15

and I think it was down about 110. Rough end to a rough day.

[Zynx]

6. It's clearly capitulation selling.

People are throwing everything out regardless just because they have gotten burned. Technicals point to an oversold situation. Badly oversold. I would expect a 200+ point bounce next week and continuing on a couple more weeks after that.

[Jon8503]

8. Do you think all of the tax selling has been done, there is usually

a lot of selling around the 15th to pay taxes. Believe this was the worst for two years so beside the tax thing there are a lot of other things wrong with this wonderful Shrub economy.

[Number_6]

9. "Lowest Dow since Nov. 2"

That was in a MSM article about this. Seems rather poetic. Made a light bulb go off, maybe the irrational exuberance (that is, half-hearted attempt to go somewhere) since Nov. 2 was the usual post-election bounce and even that isn't working now that the Emperor is so undeniably bad.

[Jon8503]

10. Doubt if whats his name talked about the market much today on

fox.

[VOX]

11. And this is why privatizing Social Security is such a bad, bad idea.

Casting one's future to the manifold spikes and troughs -- and yes, crashes -- of the stock market is pure folly.

Today's market, er, "correction" (translation: ass-dive) will be soft-pedaled by BushCo, you can count on it.

[Tsiyu]

13. Markets Worldwide:

Here are your World Indices for the day:


http://finance.yahoo.com/intlindices?u


Everybody's down except Egypt and Israel.

Yippeee!!!!