BREAKING NEWS: The stock market is in free fall

Turn on your Tv's. The market is going down like it was during the height of the economic crisis. It was down -900 points once.

EDIT: It has rallied quite a bit but man O man the entire world almost just changed.

Turn on your Tv's. The market is going down like it was during the hight of the economic crisis. It was just down -900 points a few minutes ago.

On3ShotOneKill

Turn on your Tv's. The market is going down like it was during the hight of the economic crisis. It was just down -900 points a few minutes ago.

On3ShotOneKill

It has gained some ground, but it still is a big drop. It's still over 10,000 though.

[QUOTE="On3ShotOneKill"]

Turn on your Tv's. The market is going down like it was during the hight of the economic crisis. It was just down -900 points a few minutes ago.

MushroomWig

It means bad.

Generally, the DOW stays within +200 to -200 for any particular day. There are some exceptions, but usually anything more than 400 in any direction is considered really big.

Turn on your Tv's. The market is going down like it was during the hight of the economic crisis. It was just down -900 points a few minutes ago.

It's not as bad anymore, but still, :shock:

All this because of those Grecians.

thanks. switching my 401k to conservative asapJandurin

Thanks for explaining, I've never really taken notice of the stock market before but after the recession I should be more educated on it.

It isn't in freefall anymore, it was down 900, but now it regained some ground to -500, and is quickly rising.

O crap it rebounded back up by 500 still thats alot :o.

It has gained some ground, but it still is a big drop. It's still over 10,000 though.

dog64

Considering I don't follow or care alot about the stock market, this isn't having a large "OMG!" impact on me.

Dammit Teenaged :x :P

[QUOTE="Jandurin"]thanks. switching my 401k to conservative asapOn3ShotOneKill

ITS UNDER 9000!!!!Christopper

Dude it's at like 10,500 :P

Considering I don't follow or care alot about the stock market, this isn't having a large "OMG!" impact on me.

Pixel-Pirate

O crap it rebounded back up by 500 still thats alot :o.

kidsmelly

Which means, in a matter of minutes, someone somewhere just made a fortune.

I was watching the stock market channel and apparently some fat guy just hit the wrong button because they were confused by a massive trade off. Vandalvideo

[QUOTE="kidsmelly"]

O crap it rebounded back up by 500 still thats alot :o.

Oleg_Huzwog

Which means, in a matter of minutes, someone somewhere just made a fortune.

[QUOTE="Pixel-Pirate"]

Considering I don't follow or care alot about the stock market, this isn't having a large "OMG!" impact on me.

MushroomWig

And I disagree with the fundamental idea of the stock market controlling everything and being this force that can never fail for it is too powerful.

Which is why I don't care. I also don't care because a stock market crash won't end the world. It isn't like "BREAKING NEWS: NUCLEAR BOMB LAUNCHED AT X COUNTRY!"

Thanks Greece. :xJML897

I was watching the stock market channel and apparently some fat guy just hit the wrong button because they were confused by a massive trade off. Vandalvideo

[QUOTE="JML897"]Thanks Greece. :xTheokhoth

Let's just send Greece a check for $11.6 billion. Problem solved.fidosim

[QUOTE="MushroomWig"][QUOTE="Pixel-Pirate"]

Considering I don't follow or care alot about the stock market, this isn't having a large "OMG!" impact on me.

Pixel-Pirate

And I disagree with the fundamental idea of the stock market controlling everything and being this force that can never fail for it is too powerful.

Which is why I don't care. I also don't care because a stock market crash won't end the world. It isn't like "BREAKING NEWS: NUCLEAR BOMB LAUNCHED AT X COUNTRY!"

[QUOTE="fidosim"]Let's just send Greece a check for $11.6 billion. Problem solved.MushroomWig

[QUOTE="MushroomWig"][QUOTE="fidosim"]Let's just send Greece a check for $11.6 billion. Problem solved.dodgerblue13

[QUOTE="Theokhoth"][QUOTE="JML897"]Thanks Greece. :xXD4NTESINF3RNOX

[QUOTE="JML897"]Thanks Greece. :xTheokhoth

I think this calls for a Simpsons-esque mob

Break out the torches and pitchforks!

[QUOTE="Pixel-Pirate"]

[QUOTE="MushroomWig"] Same here, well I don't follow it mainly because I don't understand how it all works, not caring about it is silly though because it affects everything.limpbizkit818

And I disagree with the fundamental idea of the stock market controlling everything and being this force that can never fail for it is too powerful.

Which is why I don't care. I also don't care because a stock market crash won't end the world. It isn't like "BREAKING NEWS: NUCLEAR BOMB LAUNCHED AT X COUNTRY!"

[QUOTE="fidosim"]Let's just send Greece a check for $11.6 billion. Problem solved.MushroomWig

[QUOTE="MushroomWig"][QUOTE="Pixel-Pirate"]

Considering I don't follow or care alot about the stock market, this isn't having a large "OMG!" impact on me.

And I disagree with the fundamental idea of the stock market controlling everything and being this force that can never fail for it is too powerful.

Which is why I don't care. I also don't care because a stock market crash won't end the world. It isn't like "BREAKING NEWS: NUCLEAR BOMB LAUNCHED AT X COUNTRY!"

Thanks Greece. :xJML897

A good point, as Greece is what's killing the Dow Jones Industrial Average.

Hopefully the markets will have a favorable reaction to Germany's loans to Greece.

[QUOTE="limpbizkit818"][QUOTE="Pixel-Pirate"]

And I disagree with the fundamental idea of the stock market controlling everything and being this force that can never fail for it is too powerful.

Which is why I don't care. I also don't care because a stock market crash won't end the world. It isn't like "BREAKING NEWS: NUCLEAR BOMB LAUNCHED AT X COUNTRY!"

LJS9502_basic

From page 4 of the report:

"This analysis indicates that the loss of wealth due to the collapse of the housing bubble and the plunge in the stock market will make the baby boomers far more dependent on Social Security and Medicare than prior generations. While it will be desirable to develop more secure mechanisms for workers to save for retirement in the future, the baby boom generation for the most part has insufficient time remaining before retirement to accumulate substantial savings. Therefore, they will be largely dependent on social insurance programs to support them in retirement."

By loss of a home I meant a loss in the value of the home. Many people banked on the fact that their house was worth wayyyyyyy more now than when they bought it, and thus reduced the amount they had saved away for retirement. If you really want to read about this, here is a good link.

From page 4 of the report:

"This analysis indicates that the loss of wealth due to the collapse of the housing bubble and the plunge in the stock market will make the baby boomers far more dependent on Social Security and Medicare than prior generations. While it will be desirable to develop more secure mechanisms for workers to save for retirement in the future, the baby boom generation for the most part has insufficient time remaining before retirement to accumulate substantial savings. Therefore, they will be largely dependent on social insurance programs to support them in retirement."

limpbizkit818

So unless they sell when it's lower than they paid....they haven't lost money.

LJS9502_basic

Its due to the crisis within Greece.sSubZerOo

This. What exactly happened with Greece today that made it get hit so hard? Germany decide to do something rash>