Stock market has worst day this year; Dow off 129

[Omaha Steve]

Source: AP-Excite

The stock market is closing out its worst day so far this year, bringing the Dow average back below 14,000.

The drop, which erased 129 points from the Dow Jones industrial average, came on the first trading day after the index closed above 14,000 for the first time since the financial crisis.

The Dow ended at 13,880 Monday, down 0.9 percent.

FULL story at link.


Read more: http://apnews.excite.com/article/20130204/DA482AHG2.html

[OKNancy]

1. It's all about Europe this time.

[zbdent]

2. 129 now isn't exactly like 129 in the first part of the recovery ...

Just wait until Boner comes back from his masters after presenting them with the "deal" he and Obama agreed upon ...

Then you'll see the market crash again ...

[SharonAnn]

3. This called "profit taking". Cashing in on the gains.

It's fairly typical. at a drop of 129 that's less than 1%

[awake]

4. "worst day this year" hey it is only Feb. 4

The sky is not falling

[Suich]

5. That's exactly what I was just thinking!

[Loudly]

6. We're seriously overbought. Need to shed at least 4 percent.