FYI - the DOW is at -170 points right now

[stop the bleeding]

the bleeding is not over, make - 172

[Skip Intro]

1. down 170, right?

[stop the bleeding]

5. yes NEGATIVE as in red

now it is at -177 - WTF is going on?

[stepnw1f]

2. holy shit

it isn't noon yet.

[w8liftinglady]

3. now -180...what's happening?

[elehhhhna]

4. It's inflation.

AP - Stocks plunged Wednesday after a stronger-than-expected rise in consumer inflation fueled Wall Street's fear that interest rates will keep climbing. The Dow Jones industrial average lost more than 145 points.

[Spazito]

6. Yep, scary stuff, I have been keeping a very close eye on

the Stock Market Watch thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x2289439#2289826

[stop the bleeding]

7. yep me to - the NASDAQ comp just fell through its 200 MA

take cover folks

[NRaleighLiberal]

8. Don't believe it. Reported by MSM. Economy is great. Move along.

Pickles will be on TV saying that she doesn't believe those numbers.

[Clark2008]

14. And she'll say that everyone she knows in the stock market

is very wealthy and has had no problems and that they genuinely LIKE playing the stock market.

:rofl:

[jayfish]

9. Crap, There Goes The Great Economy...

again. :rofl:

Jay

[RandomKoolzip]

10. So, is the economy officially "robust" now?

Or just "bust?"

[Dudley_DUright]

13. re-bust

[Junkdrawer]

11. Pump and Dump....Getting ready for the "Summer of Terror"...

Suckers...

[htuttle]

12. It's a lot more fun if you hold your arms up in the air!

YAHOOOOO!

[Media_Lies_Daily]

15. Trading curbs have just been implemented.

[leveymg]

19. That would be a trading "collar" on options not a halt (circuit breaker)

on trades of stock. Here's the poop: http://www.allstocks.com/markets/Circuit_Breakers/circuit_breakers.html

Circuit Breaker Trigger Points and Trade Halt Durations for Second Quarter*, 2006 for the NYSE, NASDAQ and OTCBB Markets.


Before 1:00 P.M.
Before 2:00 P.M.
2:00 - 2:29 P.M.
2:30 p.m. or Later

1100-point Decline in the Dow
1 Hour Halt
1 Hour Halt
1/2 Hour Halt
No Halt

2250-point Decline in the Dow
2 Hour Halt
1 Hour Halt
Close For Day
Close For Day

3350-point Decline in the Dow
Close For Day
Close For Day
Close For Day
Close For Day



Trading-collars, which restrict index-arbitrage trading to stabilizing, will be triggered during First-quarter 2005 when the DJIA moves 160 points or more above or below its closing value on the previous trading day and removed when the DJIA is above or below the prior day's close by 80 points.


The point decline levels at which trading will be halted change every quarter. Limits are percentage based levels of 10%, 20%, and 30% declines in the Dow. The actual numerical points will be determined based on the state of the market each calendar quarter.


* First Quarter is January, February and March.

* Second Quarter is April, May and June.

* Third Quarter is July, August and September.

* Fourth Quarter is October, November and December.


Adopted on Oct. 19, 1988, circuit breakers originally halted trading for one hour with a 250-point drop and two hours with a 400-point decline. From Feb. 3, 1997 until last April, circuit breakers called for trading halts of 30 minutes and one hour with 350- and 550-point declines, respectively. If triggered in the last 30 or 60 minutes of the trading session, respectively, the market was closed until the next trading day.

Circuit breakers were triggered for the first and only time on Oct. 27, 1997, when the DJIA fell 350 points at 2:35 p.m. and 550 points at 3:30 p.m. That reflected an approximate 7% overall decline and shut the market for the remainder of the day .

[Justice Is Comin]

29. There she goes !

[raccoon]

45. !!!!!! tell me more. Where did you hear that?

Exactly what is curbed? Volume? Hours?

[DS1]

16. That would matter 20 years ago

It's 157 points out of more than 10,000

[benburch]

18. It is still 1% in a day.

When one earns 7% a year on a typical investment, losing 1% in a day would seem to be notable.

Especially when the value of the underlying assets has been watered by inflation.

[DS1]

35. And not too long ago it was up 1%

But I didn't see any of the same shit-in-pants posting then :shrug:

[stop the bleeding]

37. who said anything about shit-in-pants posting

see post# 36 for more info. Today is not a bad day if you know what you are doing.

on edit: today can be a great day if people knew how to use it to their advantage.

[DS1]

40. the top half of this thread

too much finger-wringing

[stop the bleeding]

42. oh

I thought that was directed at my OP, I usually would have kept this on the Stock Market thread in LBN but I thought people should know - me personally I made %10-%15 before things took a turn this morning. So needless to say I have the popcorn out right now.:popcorn:

Tonight I am going to look for some Naked Calls to sell before Friday's expiration - this is fun

[Skidmore]

17. Help me out. What does this mean? And in very basic terms, please.

How does it affect my budget and my retirement plan?

[kma3346]

20. And where can you put your money

So that it is safer in this type of situation????

:scared:

[skids]

39. No one place is safe.

Stocks, obviously aren't safe.
The dollar probably shouldn't be considered safe at this point.
Metals/commodities could be in a bubble, or just starting sustained climbs, who knows?
Foreign currencies do strange things based on market hysteria.

So your best bet is to not put all your eggs on one hindenburg.

[Jayhawk Lib]

33. It means that it is a good

day to buy stocks.Buy on the downside and sell on the upside.There is nothing tat is different than yesterday or even a week ago when it was higher. So it is a pretty good time to buy....

[Skidmore]

38. That's assuming that one has spare cash around to

play craps in the stock market. My retirement plan is 1)vested and 2)one of those unwieldy things in which you move percentages between a series of groups of different kinds of stocks.

I'm really scared now. We are living on one income now and my husband is close to retirement age. I'm unemployed, and we both have chronic health issues that require follow-up with fairly expensive lab procedures. The medication we need to take is minimal. Medicine is not the problem. Jobs are drying up in the area. We can get by till I find something, even temporarily.

[Warpy]

21. Wall Street can't pretend any more

that everything in the garden is coming up roses.

The fiscal bungling of the Repuglican Party has come home to roost, bigtime, and Wall Street has finally realized that their screwball economic policies are simply unsustainable, not to mention delusional.

[lyonn]

32. Plus bush is signing another tax cut for the rich today!

No big deal, msm is barely mentioning this fact.

That will help the rich through any mini crash or anything else.

Last week the market was roaring upward. Now what is happening? Roaring downward?

Think, think. What happened during Reagan's Boom time; bkcy., outrageous interest rates, crash time, bush 1 played the game of U.S. debt is No Problem. Done that, been there, hang on. At that time we didn't have troops dying daily. I have no idea how the market works but this looks bizarre and not good.

[Jacobin]

22. linky

http://www.msnbc.msn.com/id/3683270/

inflation going up means fed will continue to raise interest rates means business slowdown.

Mission Accomplished, redux for the chimpy.

[leeroysphitz]

23. This would never have happened if we we had just done

as great leader asked and privatized our social security system and tied it all into the market... :sarcasm:

[ShaneGR]

24. Hehe, it's just a mid-week sell off, taking in profits...

It's down 155 as of right now, nothing to panic over. Keep in mind it has gone up over the last two weeks. I get a kick out of the "SKY IS FALLING!" posts, so reactionary. If it was down 300, now that would be worrying.

[stop the bleeding]

26. I know we are trying to keep some sort of perspective

but it has lost 320 pts in the last week combined. some profit taking indeed ;)

[Rainscents]

25. Oh no, it's all HUGO's fault for wanting to go with Euro!

:sarcasm: :sarcasm: :sarcasm:

[catmandu57]

27. Call out the ppt

Time to go to work guys. The nasdaq has been losing grouvnd every day for over a week now and the dow has basically been flat, nothing to get excited about. Here comes snakeyes.

[LSK]

28. so its a good time to buy huh

You dont loose money on days like this unless you sell. Consider days like today as a sale.

Trading stocks is not for the squeemish. Unfortunately, a lot of people see a day like today, panic and sell.

[stop the bleeding]

30. if you what you are doing you can make a lot of $$$ on

days like today and you don't even need to own the stock

[LSK]

31. shorting?

[stop the bleeding]

36. yep

or buying Puts on options or selling naked Calls on options after this Friday is expiration time.

[Sammy Pepys]

34. Dollar cost averaging, baby....

It's what's for dinner.

[OmmmSweetOmmm]

41. The dollar has been taking a beating. eom

[spinbaby]

43. Well, there goes my 401k

:-(

[APPLE314]

44. Rumsfield asked for $65,000,000,000.00 more

Or.......
The Money Supply ( M1 and M2 ) totals about $1.3 Trillion. The stock market is worth about $45 Trillion. There isn't enough money on earth to by all the stocks. Maybe they are a little over priced.

[Bandit]

46. Dropping like a rock down over 200 now.

:shrug: buying opportunity I guess.

[magellan]

47. Down ***203.87*** at 13:27!!

:wow:

[dogday]

48. Is there something they know, we dont??? nt

[Touchdown]

49. Why do I hear Michael Douglas' voice in these posts?

I'm reading this thread, and Michael Douglas is talking to me.:crazy: