Dow drops 416 on global market plunge

[5stringJeff]

NEW YORK (AP) Stocks had their worst day of trading since the Sept. 11, 2001, terrorist attacks Tuesday, briefly hurtling the Dow Jones industrials down more than 500 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated.

The steepness of the market's drop, as well as its global breadth, signaled a possible correction after a long period of stable and steadily rising stock markets, which had not been shaken by such a volatile day of trading in several years.

http://www.thenewstribune.com/24hour...12799483c.html

[Mr. P]

There goes my 401k..! I sure hope SSI stays funded.

[avatar4321]

If i had money id be buying in right now when everyone starts selling.

Was there a fall in chinese markets first or did it just happen suddenly with no premonitions?

[5stringJeff]

The Chinese market fell about 9%. The Dow fell about 3.2%.

[avatar4321]

I hope this was a one day event. Things could get bad otherwise.

[Mr. P]

I hope this was a one day event. Things could get bad otherwise.

It happens. We had a correction in 94, 99 with the dot.coms and now.
Seems to be about every 5-6 years or so.