Does this Wall Street plunge have you worried?

L.A. Times 2013/02/25 22:00:00
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Stocks dropped sharply Monday as investors worried that Italy could be seized with political paralysis, stymieing the country's economic reforms and causing another flare-up in the region's debt crisis.

The Dow Jones industrial average plunged 216 points to 13,784, a loss of 1.6 percent and the biggest drop since November. The Standard & Poor's 500 dropped 27 points, or 1.8 percent, to 1,487. The Nasdaq lost 45 points to 3,116.

points 1 8 percent 1487 nasdaq lost 45 points 3116

Read More: http://www.latimes.com/business/la-fiw-stocks-plun...

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  • ☆stillthe12c☆ 2013/03/03 06:25:56
    I was surprise with it going up so much with the impending sequester and the lack of the President being serious on creating jobs. Instead of doing things to create jobs he has allowed the EPA to add more than 5000 more job killing regulation this year alone. Coupled with the 36% cut in drilling permits tells me that he really does not wish to create jobs regardless of what he says. To bad you guy's do not really print the news.
  • rbeas 2013/03/01 03:15:26
    No. Because it is back to within a hundred points of its all time high today.
  • Brian Decker 2013/02/28 23:35:25
    Brian Decker
    I keep all my money and possessions in my bunker in my back yard along with two years worth of food and water, and a weapons arsenal fit for a small army.
  • Bun 2013/02/28 02:46:58
    http://images.fineartamerica.... the bouncing ball as it goes up and down ans o on!is.jpg#watch%20the%20bounc...
  • CorrectOpinion 2013/02/27 19:06:51
    It is GOING to peak and plunge very soon. Lock in your downside risk with sell points now!!!!
  • nightcrawler2005 2013/02/27 17:17:01
    No the market adjusting to the election results in Italy don't worry me. What really worries me is the U.S. fiscal cliff since if you go down the tubes you'll drag everyone else down with you.
  • Drageona 2013/02/27 17:13:55
    But then I don't own any stocks, so it would not bother me one way or the other
  • Mrkando 2013/02/27 14:26:47
    The dow is back up today by 8 points. Just a normal sell off that occurs for any reason what so ever.
  • RobHom 2013/02/27 13:56:10
    But I am amazed that any investor would give a flip....the Italians change governments like a clean freak changes underwear.....

    They are on their 62d government since WWII ended!!


    The market just before this drop was over 14,000...it was just an excuse to sell off some stocks at a profit.....had nothing to do with anything but profit.....
  • SUPREME COSMIC POWER, (SCOPO) 2013/02/27 13:14:02
    Americans should be well advised to be very prepared for the coming severe economic hardship in the yrs ahead!
  • iamnothere 2013/02/27 12:47:32
    what has me so concerned is not the euro zone but the vast bubble of cash infused into the market by the FED... It is something that should concern everyone.. there is no way the Fed can deflate the money supply should we actually see a turn around in the economy..
  • P. Sturm 2013/02/27 11:56:24
    P. Sturm
  • Mike56 2013/02/27 10:20:14
    The worst source of worries is Dems/0bama, other stuff is much less significant.
  • Claybern 2013/02/27 02:09:25
    Not at this time.
  • Grant Straka 2013/02/27 01:51:00
    Grant Straka
    But i don't blame Wall Street i blame Obama, who is Wall Street now that i think about it
  • Mamaknows 2013/02/26 22:11:01
    And they don't want people investing in gold unless they control it....ever wondered why they outlawed private ownership of gold?
  • John Wa... Mamaknows 2013/02/26 23:47:38
    John Walker II
    I doubt there's such a law on the books.

    Have a reference to that law Mamaknows that we can verify?
  • Mamaknows John Wa... 2013/02/27 01:10:15
    Exec order 6102
    Still on the books...
  • Sweet-N... Mamaknows 2013/02/27 05:31:10
    People buy gold and keep it in home safes all the time, I know because I do. Executive orders don't really mean squat to the general public and are only applicable to federal agencies and even then have their limits. They also cannot override a law that Congress has passed, if they could, we would have a king, not a President, although Obama would love that. If it weren't for that pesky Constitution.......
  • John Wa... Mamaknows 2013/02/27 17:16:12
    John Walker II
    Actually no it is not on the books if your talking about it being legally enforcable.

    One, the scope of executive orders. Nothing was ever done because the orders can ONLY apply to the executive branch of the gov't on how it does business. It can not create laws.

    Two, that order was invalidated anyways by federal judge John M. Woolsey, on the grounds that the order was signed by the President, not the Secretary of the Treasury as required.

    Three, The Gold Reserve Act of 1934 made gold clauses unenforceable

    Basically, Exec order 6102 got smacked down and was NEVER enforceable.
  • Ron in Oregon 2013/02/26 21:03:11
    Ron in Oregon
    Theuro needs to go away, bring back the Lira.
  • Koatz 2013/02/26 20:55:53
    If we survived two terms of Bush, Jr., we can survive anything.
  • TheNightFly 2013/02/26 20:18:01
    Thankfully I'm not invested in that fraud racket.
  • Tennessee3501 2013/02/26 19:40:13 (edited)
  • Theresa 2013/02/26 19:34:37
    Wall Street is NOT an indicator of the Economy's health. It is totally artificially propped up by Bank Bail outs and outrageous Derivatives!
  • Space Invader 2013/02/26 18:34:18
    Space Invader
    no......its going to fail anyway..they are over valued; and many will be getting ready to lose their asses..its hilarious in a sick sort of way....all those rich butt munches will lose their homes and cars and they will be like the rest of us......and it will be a humbling moment for this country...they over spend;throw tax money away.. for what?

    power....pure power..and what will they do then?......HA HA HA HA (not really...it will be sad)
  • t.eliot, topbard 2013/02/26 18:32:48
    t.eliot, topbard
    Our economy is a house of cards. The GOP/ DEM sequester may start the collapse.
  • exhon2009 2013/02/26 17:17:08
    Hey LA Slimes: When was Italy ever NOT SEIZED with political paralysis? In fact Italy is the socialist utopia the so-called writers at the slimes have wet dreams about.
  • BigFig#9 2013/02/26 17:11:18
    One day is not a plunge and honestly, I expect a more significant long term adjustment as current market is highly speculative again.
  • Sperry23 2013/02/26 16:46:12 (edited)
    The stock markets go up and down. When the stocks go up, traders sell to take profits. That makes the stock go down. When the stock reaches a certain point for traders (and it varies from trader to trader), they buy and the stock goes up again.

    Such is the nature of life.

    Also, 1 to 2% is NOT a plunge. 10% IS. 1-3% is just a normal fluctuation. The Dow Industrial is only one index. There are dozens of indices, including the S&P; 500, the Nasdaq, the Nikkei, the FTSE, and many others.The Dow even has multiple indexes.

    Nothing to worry about.
  • Birthpangs 2013/02/26 16:09:46
  • Fannie 2013/02/26 16:00:46
    It's because of the tea leaves and other republicans who refuse to pay our bills.
  • tommyg ... Fannie 2013/02/26 16:34:54
    tommyg - POTL- PWCM-JLA
    Did you read the article?
  • Fannie tommyg ... 2013/02/27 16:43:24
    No, did someone on Wall Street go to Jail? Didn't think so......... get out of jail free card
  • tommyg ... Fannie 2013/02/27 18:45:59
    tommyg - POTL- PWCM-JLA
    That has nothing to do with the TP's. I have wondered the same thing....why didn't anyone go to jail?

    I think we both know the answer to that question. And it doesn't have to do with political parties.
  • Fannie tommyg ... 2013/02/27 18:50:54
    Has to do with Italy..........has to do with worldwide economy.............and has to do with someone wanting this country to tank rather than develope the economy itself.
  • tommyg ... Fannie 2013/02/27 18:57:49
    tommyg - POTL- PWCM-JLA
    Fannie, next to China, we are the world economy. Like it or not.

    And I agree that someone wants the economy to tank. But it ain't the TP.
  • Fannie tommyg ... 2013/02/27 19:00:52
    Can't deny that, and is why I mentioned it...................if it's not the TP who is it? The communist, and socialist?
  • tommyg ... Fannie 2013/02/27 19:03:44
    tommyg - POTL- PWCM-JLA
    Who said "fundamentally change our country"?

    I guess I would look there first.
  • exhon2009 Fannie 2013/03/04 03:22:06
    They kind of set the tone for that when the CEO of the largest investment banker ON WALL STREET, Tim Geithner, was selected by Obama as his treasury secretary. This is in spite of the fact that the only man on the planet with the financial expertise to save the world economy, (according to the democrats), didn't have the financial expertise to NOT deduct his kid's summer camp expenses. Or maybe the tone for NOT JAILING CROOKS was set when Obama appointed Steve RATtner car czar even though he was implicated in a pay to play scheme involving the New York state pension and paid a 10 Million civil penalty but not a minute behind bars. If you want more examples I haven't even gotten warmed up. They are all REAL crooks too. Regular Tammany Hall democrats.

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