The Stock Market Is Crashing

[THUNDER HANDS]

Wow. This looks bad. But then again, I know nothing about economics. I just see the numbers falling. And they're falling hard and fast right now.

[grantcart]

1. its bad and could get worse

[FreeState]

2. Its very bad for me - I dont make a lot and just lost pretty much most of my retirement already n/

[FreeState]

3. Its very bad for me - I dont make a lot and just lost pretty much most of my retirement already n/

[Sebass1271]

5. I am really sorry to hear

that.
i thought retirement money were saved by the FDIC?.
and if you them in your 401K, i thought your money was also protected.. What is the difference?
I am no economist either but this is really confusing and i don't have any retirement money saved or 401K

[ieoeja]

11. 401(k) is most definitely *not* protected. n/t

[Sebass1271]

8. I am really sorry to hear

that.
i thought retirement money were saved by the FDIC?.
and if you them in your 401K, i thought your money was also protected.. What is the difference?
I am no economist either but this is really confusing and i don't have any retirement money saved or 401K

[Sebass1271]

9. I am really sorry to hear

that.
i thought retirement money were saved by the FDIC?.
and if you them in your 401K, i thought your money was also protected.. What is the difference?
I am no economist either but this is really confusing and i don't have any retirement money saved or 401K

[HereSince1628]

12. I'm in the same situation as you. It all came to pass on George Hoover Bush's watch

Not much solace, but I think the coming recovery will be a whole lot better led by a Democrat.

[DJ13]

4. Hang on

[seabeyond]

6. and morons jumping up and down excited. it will be the old or the family that has

worked their ass off to build retirement that loses it, yet i see assholes on du jumping up and down all excited. what kind of dumbshit behaves like that

[ShortnFiery]

10. It was bound to crash with our without hyper-inflation of the dollar.

It's not the middle class America's fault that Wall Street squandered their money.

[seabeyond]

13. and the people all excited and happy about this. what does that say about them

i do believe they about disgust me.....

[Nicholas D Wolfwood]

16. Wholeheartedly agreed.

It sickens me to realize every once in a while that progressives can be utter morons too.

[MercutioATC]

7. Oh, no it's not. It's just correcting.

We're not even going to trip the first breaker. This is mild.

...and it's a necessary step for the market's long-term health. The market WILL rebound, and it'll be a healthy rebound, not an artificial one.

[trashcanistanista]

15. Yes, it's correcting and Barney Frank wants to assess

the market reaction to the bill not passing to decide what the next step will be. Smart move. Also being reported by NYT - a second attempt s being made to pass the bill.

[David__77]

14. No, it's not.

5%, 10% is not a crash, and we're not even at 5%. In 1987, we lost a quarter.