***Dow Jones down 500+ points***

3% drop ain't nothing to cry about. By the way, the drop in the Dow in 1929 was on a Thursday, not a Tuesday. Black Tuesday refers to the attempt to pull out stocks, not the drop that precipitated it.

AHHHHHHHHHHH!!!

I"M LOSING MY ASS!!!!

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!

THE SKY IS FALLING

AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!

That is what I was watchingin the news but now, I am laughing my head off as Manchester United make nothing out of reading football club.

Mtn Dew wrote:

3% drop ain't nothing to cry about. By the way, the drop in the Dow in 1929 was on a Thursday, not a Tuesday. Black Tuesday refers to the attempt to pull out stocks, not the drop that precipitated it.

Nothing to cry about? You must be an economist.

Meh, its just about 350 now. Go take a nap.

NativeSon wrote:

That is what I was watchingin the news but now, I am laughing my head off as Manchester United make nothing out of reading football club.

and the best part of that is how people were complaining that united were sending their second-tier team out.

Another sell off is crushing that little rally...

currently -407

spoke too soon.

378

Damn, this thread posted just before mine. Oh well, I'll contribute here.

I've lost a lot of money today.

Surprise! wrote:

Another sell off is crushing that little rally...

currently -407

Sweet this is good news. Ever since the Nasdaq dropped from 5000 right after I finally decided to put all the money I had saved up from working at economic consulting into tech stocks I've been sitting on the sidelines.

Well not totally true, on like September 16, 2001 I bought some America West airlines. I figured the airlines stocks had to go up or go under and I was right on that one.

So I saw the market was really high again and figured I had missed out. Seems like the best time to buy is when it tanks.

But just think I'm sure you got in before today so you're still way ahead of me. Just put your money in the market and keep it there.

And I can't believe the NASDAQ is still at 2500. When cabbies were giving me stock tips in 2000 I should have sat on my money instead of investing it.

A 3% drop on 100k is 3k. So a bad day dropped someone down to 97k. It's not THAT bad as long as folks diversified. It's not a good day, but it's certainly nothing awful. The numbers are huge, but then again the Dow has gotten pretty big.

I hope most of you will have invested highly on margin as well. Your losses will be even greater. hahahahahahahahahahahhahahahahahahaahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahha

you just hope the big boys don't decide to start dumping shares or it's lookout below. a correction was technically indicated by any parameter you use and better now than in 0ct. you will know more over the rest of the week. if the slide continues it may be awhile--like 2-3 mos--before you see recovery.

the NDAQ has been a gross underperformer relative to the dow or S&P because all it has is GOOG, AAPL and a bunch of losers

Make sure you call your stock brokers tomorrow.

You know, the ones who were talking about the "Goldilocks" economy and how there "is still a lot of good values" at the highs.

sadly, it is always the little guy who loses his shirt in declines like the one today. I knew a market correction was inevitable when I saw Fox TV is planning a CNBC-type channel. That means the market has had a nice run and all the little guys rush in to chase past performance.

I guess I don't need to rebalance my exposure to FXI and ILF now. The market rebalanced it for me. I expect more loss from FXI in the coming days but I'm in for the long term and had handle the ups and downs.

Expecting a correction I bailed out about 5 weeks ago. I missed about a 1.5% upswing but more than made up for it today. Then before the close I jumped back in and we'll see what happens tomorrow. Hopefully it was a one day panic sell and not the beginning of a 10% correction. BTW this has been the longest streak ever of not having a 10% correction. Fingers crossed.

FXI actually corrected a little hard I thought.

China's market clean-up effort sparks drop-Europe-down USA-down-New Zealand Down. New Zealand??

Bloomberg calling it a Global Rout

U.S. Stocks Plunge in Global Rout; Dow, S&P 500 Erase '07 Gains

By Eric Martin

Feb. 27 (Bloomberg) -- U.S. stocks plunged, wiping out about $626 billion in market value and erasing all of 2007's gains, after a selloff in China spread globally and sparked the biggest rout in four years.

The Dow Jones Industrial Average fell as much as 546 points, the most since the first trading day after the Sept. 11 terrorist attacks. All but two companies in the Standard & Poor's 500 Index declined.

``This is a fairly violent selloff,'' said Russ Koesterich, a portfolio manager at Barclays Global Investors in San Francisco, which has $1.7 trillion in assets.