Why the Dow Is Plummeting -- and Why You Shouldn't Care

Motley Fool ^ | 06-20-2013 | John maxfield

[edcoil]

It's easy to feel a sense of panic on a day like today, when the Dow Jones Industrial Average (DJINDICES: ^DJI ) is off by 344 points, or 2.28%, with an hour left in trading. But for what it's worth, there's simply no reason to be concerned -- at least, no more concerned than you are on any other day.

[cotton1706]

I’m not worried about the stock market, I’m worried about gold. That dropped precipitously too. I want that to go back up.

[warchild9]

Actually, if it dropd far enough, it’s another good buying opportunity.

However, I doubt the bubble is bursting quite yet.

The black face will have to be off the television screen before that happens. Or the season of violent sports has to start up, at the very least.

Can’t pop the peasant’s fantasy bubble, you know.

[aimhigh]

Today is a buying opportunity. I bought SSYS on a dip and it’s already going up. 3D printing stock.

[babble-on]

My uninvested dollars in short term funds are starting to look pretty good

[wolfman23601]

I’m not worried about it. I am worried about my business, which is not on the stock market.

[grobdriver]

Buying opportunity!

[oh8eleven]

Bailed out of the market back in 2008 when Glenn Beck forecast the looming financial disaster.
Never lost a dime ... and never got back in ... I need my sleep.

[edcoil]

Last April a whistle-blower noted how the gold bullion banks don’t have any gold. Seems that news is coming out now.

Does not look promising for gold. The whistle blowers noted the banks oversold more gold then they had.

You’ll take an IOU right.

[cuban leaf]

Silver is down to ~ $19.50. Holy cow, what a buying opportunity. When the inflation actually hits this will be amazing. BTW, if, for some odd reason inflation never happens, the lead will turn out to be even a better investment. ;-)

[prisoner6]

Dittos. We have a lot of “junk” gold that needs to go. Old family pocketwatches, rings, bracelets, things that have been around for over a hundred years. There is just no room or desire to haul it around. No emotional attachment either.

Everything gravitated to mrs p6 and I because our families are winding down. Last of the lines stuff.

[no-to-illegals]

Since the dollar went off the gold and silver standard, such is the dollar.

[cicero2k]

I’m jumping back into SPY at the close. Sold at 165, I’ll reload at 159.

Happy swing trading to all.

[trad_anglican]

there's simply no reason to be concerned

Unless your pension plan's fiscal year end is 6/30. The you're wishing this would have held off for another 2 weeks.

[1rudeboy]

That’s the thing about those who forecast a market “disaster” year after year after year . . . eventually, they are correct.

[MrB]

Is actual gold and silver dropping,

or is “paper” gold and silver dropping?

I’ll check the spot price...

[MrB]

See spot drop!

[TonyInOhio]

Fortunately, the value of ammunition is holding up nicely.

[Aliska]

Probably a good move. They merged with makerbot. They're up .85 now according to my streaming quotes. Some stocks aren't very volatile at all and others are up and down mostly down like a yoyo with a broken string.

http://money.cnn.com/video/investing/2013/06/20/investing-the-buzz-3d-printing.cnnmoney/index.html

I can't make myself sell losers and am too short of cash to buy anything worthwhile. This is my first experience with anything like this. And I've already lost all of any gains I had in the last 3 months.

[Wage Slave]

Would this be an opportunity to move IRA funds from money market to mutual funds? Totally clueless, but making zero interest on my IRA.