The stock market is down 350 points!

[imanamerican63]

Trump's world is starting to crumble!

[imanamerican63]

1. Well, it has bounced back some!

[Watchfoxheadexplodes]

2. Screw all this winning

Sell!

[lagomorph777]

5. Yeah, they're sick of winning.

[Dawson Leery]

3. For the good of the world, crash and burn.

[Demsrule86]

4. The GOP claims to have the vote to pass the tax bill but I am not sure.

[lagomorph777]

6. That may explain the tumble.

The wider collective wisdom of the market does not believe the Billionaire Relief Act of 2017 is actually in the interest of stockholders. Its imminent passage scares everybody but the Kochs and the Deplorables.

[Demsrule86]

13. God I hope we stop that abomination of a bill.

[dgibby]

10. MSNBC just reported that vote has been postponed. n/t

[Demsrule86]

12. Yeah, they don't postpone if they have the votes...it may still pass but maybe a less lethal version

I am going to try calling again.

[Kingofalldems]

7. Mueller's fault!

[nolabear]

8. Watch the rats leave that sinking ship NOW.

They’ve ridden his ass as far as they can and he’ll find out just how much they love him now.

[PoindexterOglethorpe]

9. 350 points is a terrifying one and a half percent.

And as I type this, it's only down 224 points, which is less than one percent.

It's important to do the math and not freak out over the raw numbers.

[LanternWaste]

11. It's also important to observe accurately

It's also important to observe accurately, and avoid confusing visceral reactions with freaking out.

[PoindexterOglethorpe]

16. Yep. Observe accurately,

and not confuse a fraction of a percent drop with something meaningful.

[ProfessorGAC]

14. As I Type This It's 0.5%

The markets do this on a routine basis. Make no judgments until the close of markets, and then don't react for at least a week.

[PoindexterOglethorpe]

15. Exactly.

People here tend to report these things -- today's initial 350 point drop -- as if it's huge, as if it's a crash.

Makes me crazy.

The markets go up. The markets go down. Overall, they go up more than they go down, which is why trying to time the market is a fool's game.

[ProfessorGAC]

18. Oh No, No!

Guy learned to time it perfectly and had everyone in the world trying to either hire him or learn his secret.

I saw it in a movie! I think it will work!

[PoindexterOglethorpe]

20. LOL!

Wait! What movie?? Maybe I can learn to time the market!

[mnhtnbb]

17. The DJIA was up 332 yesterday; now down 99.

[egduj]

19. Why is it good if the stock market crashes?

[PoindexterOglethorpe]

21. I've seen the sentiment expressed hee that

it would be a good thing if everyone who has money in the market were to lose it all.

Not everyone who owns stocks in some form is part of the 1%. Everyone's 401k is at least partially in stocks or mutual funds. Most pension plans (and they do still exist ot there) are invested.