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FarCenter

(19,429 posts) Tue Aug 27, 2013, 02:48 PM Aug 2013

Stocks Are Getting Demolished [View all]

The global market sell-off is getting a whole lot worse.

The Dow is down 180 points. The Nasdaq is down 83 points, which translates to a 2.2% loss on the day.

The biggest losers today include chip companies AMD and Micron Technology, which are down 5% and 4%, respectively.

All of this comes as tensions heat up in Syria.

19 replies

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Stocks Are Getting Demolished [View all] FarCenter Aug 2013 OP

Why people still mess around with stocks, I'll never know... Blue_Tires Aug 2013 #1

One reason people still mess around with stocks is that savings accounts pay 0% HardTimes99 Aug 2013 #5

Part of the great war on the middle class edhopper Aug 2013 #14

There are several reasons why savings accounts and bonds do not HardTimes99 Aug 2013 #16

Don't underestimate edhopper Aug 2013 #19

Just getting started.... Junkdrawer Aug 2013 #2

Well, hell, I'm sittin' on some cash. . . DinahMoeHum Aug 2013 #3

IIRC, the sentiment was first uttered by the Baron Rothschild who said (paraphrasing) to buy when HardTimes99 Aug 2013 #7

. . .and to buy when the blood is running in the streets. . . DinahMoeHum Aug 2013 #10

I've been better this time around. Every time the market goes up 1%, I pull 1% into cash. denverbill Aug 2013 #18

Dow is down a little over 1% Cali_Democrat Aug 2013 #4

Hear, hear! Thanks for some math sanity :) - nt HardTimes99 Aug 2013 #9

it's not even down hfojvt Aug 2013 #15

C'mon, you are using facts again. That won't go over well. FSogol Aug 2013 #17

Its easy Syria and Summers nt daa Aug 2013 #6

I am out PowerToThePeople Aug 2013 #8

exactly correct.. the 1% needs everyone ELSE in the market, so they can make... DontTreadOnMe Aug 2013 #11

A noble goal. I hope you succeed. My thoughts have been trending in that direction since 2001 but HardTimes99 Aug 2013 #13

it's all meaningless and irrelevent to the vast majority of Americans, its not even a good indicator bowens43 Aug 2013 #12