a 307 point drop, is that a correction?

or a kick in the nutz?

to try to tell him that GOPonomics doesn't work for any of us.

heard he's suppose to be on the tube tomorrow night to trickle down on us some more

:sarcasm:

300 points is a 2.5% drop in one day. We will see how many points the DJIA will ultimately shed or gain after several more days of monitoring.

Reads like a correction to me.

...We are in that zone now...and I think we're going lower....

http://en.wikipedia.org/wiki/Market_correction#Correction

Ides

it may become a crash if this continues.

And yes, I am very technical and yes I have been expecting this and preaching this to all who listen

the past two weeks the DOW has dropped about 500 points with weak gains (which the media tout as recoveries), Now, it's dropped a bunch, what happens in a crash? Seriously, I'm just a nail banging idiot that has but a little investment in market and don't understand the ins and outs. Thanx.

across the board. That is what happened in 1987, that is what happened in 1929, and that is what happened to the Nikkei in the 1990s (they have not fully recovered yet and they are also in correction territory)

If you are young and can hang tough this is not the time to sell... at all... but of course this is also the time to consult a GOOD investment specialist. There are stocks that are more fool proof than others... unfortunately they tend to be cigarette and alcohol related... they're defensive.

Disclaimer, I am not a specialist, but from my study of history I can tell, this is going to be a doozy, to fasten them safety belts

We can only hope that our great and good friends, the Chinese, will find it in their hearts to open their wallets, and save all those investment bankers and hedge fund managers from the complete embarrassment of having to show up at the marina in last year's model yacht.

Surely they've forgotten all about that spy plane unpleasantness, and how we had to ask our great and good friends the Russians to act as a go-between because we'd pissed them off so badly.

know your euphemisms!

Hopefully not the beginning of a depression.

It was somewhat comforting to read in the wikipedia link about the extended Bear market from 67-83; these were my teen and college years before I got married and moved away from home. Always remember my parents saying "we can't afford it!" "it's too expensive!", etc. but we managed to live a comfortable middle class life in the suburbs with few frills (didn't have color TV until I was in high school- mid 70's), but always had what we needed, on one, low-level, white collar wage earner. I remember the conditions of stagflation- high interest rates, double digit inflation, 9-10% nationwide unemployment, conditions we haven't seen in a long time...

I know times have changed, and this will be a painful learning experience for everyone, families, businesses, and financiers. This is an opportuinity to learn to save more, borrow less, and for the corporate side, lend less, pay more, and conduct business honestly, or at least be regulated with competent oversight (I know, call me Pollyanna, but sometimes a crisis can bring good things, i.e. the New Deal). If we can get some competent grownups in charge whose motivation isn't fueled by greed or "I've got mine"-ism, we just may weather this coming storm.

( on edit- I replied to a subthread instead of the OP- sorry)

Those tax cuts for the wealthy that were to trickle down? Well, they finally trickled down to nothin!

:(