Dow Jones plunges!

Associated Press ^ | March 13, 2007 | Madlen Read

[Deo volente]

NEW YORK (AP) -- Stocks plunged Tuesday as troubles for subprime lenders kept piling up and U.S. retail sales came in weaker than anticipated, leading investors to brace for a wilting economy. The Dow Jones industrials fell more than 150 points.

[Deo volente]

Dow down 174 and sinking.

[Gum Shoe]

Down 201.4 at 11:16 Pacific Time.

[freedomson]

Wetting self.

[libtoken]

Make that 210 as of 2:15 Eastern.

[TomGuy]

Down 192.83

[redgolum]

Lot of shaky investors out there that will run at the first storm.

Oh well, I like to buy cheap anyway.

[NeoCaveman]

I knew it. We are in for a 10% correction. Good news is we are 70% there. IOW, too late to do anything.

[Dallas59]

The fault of Bush?

[dakine]

All red except T & MMM...

[Choose Ye This Day]

[yawn.]

Call me when we get to some real bargain prices.

This is nothing more than a minor blip.

[Hoodlum91]

No - Nancy's fault. She's the queen of DC right now.

[Deo volente]

IMO, this is a broad based decline that is indicative of some bad economic news, and not the result of shaky investors.

Yes, there might be a little bounce later this week or next, a one-day jump just like we had last week. And then more declines.

A correction would be about 10%. A true bear market will be more like 30%.

[D-Chivas]

A couple hundred points is not a plunge. 22.5%, how much the DOW went down on October 19, 1987, was a plunge.

22.5% would be the equilvalent of the Dow going down about 2700 points in one day.

[PittsburghAfterDark]

Thanks for pointing out a couple hundred points on a DOW of 12,100+ is not a plunge.

Hell, 150 points on a DOW of that magnitude is a rounding error.

You people get your economic education from the DNC?

[mpreston]

I knew it. We are in for a 10% correction. Good news is we are 70% there. IOW, too late to do anything

The subprime implode is just beginning. It will hit consumer spending numbers next. The correction is just beginning. Question is will helicopter Ben step in?

[avacado]

"Stocks plunged Tuesday as... retail sales came in weaker than anticipated,"

The DEMs are in Da'House!

[redgolum]

And which do you suspect it is? Bear or correction?

[Deo volente]

A "plunge" is a sudden drop. The quantity of the drop is beside the point.

But call it a "dip", if you want. It's still going to go much lower for the duration of this year, IMO.

[Deo volente]

I suspect it's a bear, but I'm hoping for just a correction, which we haven't had in a long time.

One defensive strategy is to buy some QID, and bet on the short side.
It's up 2.5% today so far.

[HEY4QDEMS]