CNN Breaking News

The Dow sees its biggest one-day drop in 3 years, ending about 400 points lower after plummeting more than 500 points earlier in the day. More soon.

Visit CNN for the latest.

5 Responses to “CNN Breaking News”

  1. Marty West says:

    Damn China.

    My stocks are OK though so I’m cool.

  2. Jazz says:

    If I had to guess, the majority of readers of this blog have a 30+ year investing horizon in front of them (i.e. they’re just starting out).

    If its true that capital markets will fluctuate, that is to say, have “great decades” and “bad decades”…then you who are just starting out should look at today’s stock market result as good news.

    Its bad investing luck to have the “great decade” at the beginning of your investing life, as your returns tend to be a lot lower than if you start out with a “bad decade”, in which case you save your “good decade” for later, when you’ve accumulated lots of shares.

    Rational market theorists will say that there should be no future “great decades” or “bad decades”, that all future periods seem equal from here.

    Who knows. If the past is any indication, the future will continue to have waves and troughs – better to have your troughs early (buy more shares now!).

  3. Alasdair says:

    So do we attribute this plummet to the bomb going off near the Vice-President ?

    Or because it missed ?

  4. Marcus says:

    I blame Global Warming.

  5. Angrier and Angrier says:

    Considering that China’s stock market rose 120 percent last year, a 9 percent correction is nothing.