dlq04

Figure I've got about 1/2 hour to decide how much to buy.

Lainey

You go ahead....still down -400.

dlq04

Yep, what the heck, tis only money - put another toe in a couple minutes ago. That makes five back in since I got out. I plan to stand on that one foot for a while before testing the water with the other.

paS2K

those of us who are largely in Index Funds don't bother with these blips anymore;

when Tot Stk Mkt Indx goes down, Tot Bond Mkt Indx goes up

mns2k

Amazing impact when a trader input a sell order for P&G for $16 billion and means million

raymo19

Missed that one too but did manage to buy GE cheap. Sure hope this week's correction proves to be just that.

charlie

been pounding the table for a while (years) gold, guns, bullets. IMO it wont be long for the riots of Greece to spread thruout Europe and eventually over here. This is a preview of what is ahead for us here. We cannot sustain the debt that has our country choking.

Lainey

Doesn't sound as if Greece was the only factor....Re your dire prediction, Charlie.

Fromm CNN: The selling was a result of technical glitches that caused some stocks, including Dow component Procter & Gamble (PG, Fortune 500), to plunge 37% to $39.37 per share from the close of $62.12 Wednesday. The consumer products maker recovered most of that loss by the close, ending just 2% lower.

But the faulty P&G trading was responsible for 172 of the 998.50 points that the Dow Jones industrial average (INDU) lost at its worst, the biggest one-day point decline on an intraday basis in Dow Jones history.

charlie

i am aware of what caused the volatility today, the market has been declining for two weeks now based on Greece and the Euro declining.

The dollar has been strong so one would think that to be a good thing but the opposite is true, rising dollar equals lower stock market.

We have in place by our goverment a weak dollar policy (artificially low interest rates) designed to keep inflation under wraps and attempt to grow our economy but this will not last forever.

If the goverment cannot get our fiscal house in order within a couple years imo there will be massive inflation. rioting in
the streets when fuel goes to 8 buck a gallon and bread is 6 bucks a loaf.

The only way to avoid this is for our economy to grow at a high rate as too offset our debt. Do you see that happening in the next year or so? I dont. If anyone does, what and how do you think we can grow ourselves out of this mess. We produce nothing, there is no manufacturing, we are a country of consumers and debtors.

dlq04

Charlie, I agree, there's no way we are going to grow ourselves out of this. I believe we are financially in the worst situation we've been in since the end of WWII.

There really is only one way out of our debt mess. You raise taxes, you cut government spending to such an extent that the interest payments fall relative to GDP and so it's a nice orderly outcome.

Trying to inflate your way out to dilute the obligations has mostly been followed in emerging markets and there's no historical example where that's actually been successful.

Of course we could be where Greece finds itself where the market forces your hand as a government through either currency or fiscal crisis to get your fiscal house in order.