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Dow plunges 450 points, S&P drops 3%: Worst day in nearly 3 years
Some scary moments this morning, dropped over 300 points, has now rebounded some. This pattern better end soon.
Well, we're in a depression, not a recession, so no surprises; there isn't much out there to drive it up, certainly not rising incomes or much investment in the domestic economy. Hoping for yet another housing bubble is futile.
This is really starting to worry me now.
Stocks End Sharply Lower Again
Stocks were lower again today after last week’s heavy losses and ahead of corporate earnings.
There were no major economic data releases this morning.
At market close the Dow, Nasdaq and S&P 500 were down 1.3%, 1.5% and 1.6% respectively.
Stocks on the Move
It was reported this weekend that Canadian Pacific Railway (CP) has approached CSX (CSX) about a possible merger. We attribute the timing of CP's offer to three factors. First, Harrison's contract runs only through mid-2017, and regulatory approval will probably take at least a year. Second, CSX's valuation remains attractive because of near-term risks to the Appalachian coal franchise (cheap natural gas and declining export coal demand). Third, after a punishing winter, the industry is more motivated to address Chicago rail traffic congestion. Shares of Canadian Pacific were down 2.3% while CSX shares rose nearly 6% on the report.
Shares of T-Mobile US (TMUS) were down 2.5% after french firm Iliad said it was dropping its bid for the company. The move comes after T-Mobile had rejected the offer saying it undervalued the carrier.
Stocks End Sharply Lower Again - Yahoo Finance
Oh blow me.This is really starting to worry me now.
Stocks End Sharply Lower Again
Stocks were lower again today after last week’s heavy losses and ahead of corporate earnings.
There were no major economic data releases this morning.
At market close the Dow, Nasdaq and S&P 500 were down 1.3%, 1.5% and 1.6% respectively.
Stocks on the Move
It was reported this weekend that Canadian Pacific Railway (CP) has approached CSX (CSX) about a possible merger. We attribute the timing of CP's offer to three factors. First, Harrison's contract runs only through mid-2017, and regulatory approval will probably take at least a year. Second, CSX's valuation remains attractive because of near-term risks to the Appalachian coal franchise (cheap natural gas and declining export coal demand). Third, after a punishing winter, the industry is more motivated to address Chicago rail traffic congestion. Shares of Canadian Pacific were down 2.3% while CSX shares rose nearly 6% on the report.
Shares of T-Mobile US (TMUS) were down 2.5% after french firm Iliad said it was dropping its bid for the company. The move comes after T-Mobile had rejected the offer saying it undervalued the carrier.
Stocks End Sharply Lower Again - Yahoo Finance
16141.74 -173.45 (-1.06%)
Projected foward over time the DOW only goes up. Worrying about a week or even year trend is showing your naivity.
Of course, if we get a Republican in 2016, all bets are off. SELL! SELL! SELL!
Let's hope it doesn't reach the lows of the George W. Bush days.I'm in it for the long haul, but this is three straight days of sharp drops. Hope the market shakes it off, this one makes me nervous for some reason. I just have a bad feeling.
Hello,This is really starting to worry me now.
Stocks End Sharply Lower Again
Stocks were lower again today after last week’s heavy losses and ahead of corporate earnings.
There were no major economic data releases this morning.
At market close the Dow, Nasdaq and S&P 500 were down 1.3%, 1.5% and 1.6% respectively.
Stocks on the Move
It was reported this weekend that Canadian Pacific Railway (CP) has approached CSX (CSX) about a possible merger. We attribute the timing of CP's offer to three factors. First, Harrison's contract runs only through mid-2017, and regulatory approval will probably take at least a year. Second, CSX's valuation remains attractive because of near-term risks to the Appalachian coal franchise (cheap natural gas and declining export coal demand). Third, after a punishing winter, the industry is more motivated to address Chicago rail traffic congestion. Shares of Canadian Pacific were down 2.3% while CSX shares rose nearly 6% on the report.
Shares of T-Mobile US (TMUS) were down 2.5% after french firm Iliad said it was dropping its bid for the company. The move comes after T-Mobile had rejected the offer saying it undervalued the carrier.
Stocks End Sharply Lower Again - Yahoo Finance
It's a correction, nothing more. If, however, you are not in the market for the long haul, which I would define as your not needing the money for about 7 years or more, then you should not be in the market at all.
