Discuss: Dow Continues Free Fall, Plunges 630 Points
Sixth-worst single day drop in history.
The Dow Jones Industrial Average dropped 630 points Monday, the sixth-worst drop in recorded history. This is the first day of trading since Standard & Poor's downgraded the United States' sovereign credit rating from AAA to AA-Plus. As we investigate the local impact of this development, we'd like to know your thoughts. What do you feel is the cause of this drop? Is anyone to blame? Are you worried about the start of another recession? Are you worried about your 401(k)? Join the conversation and post in the comments. For more on the drop, click here. For a list of the 10 worst Dow drops, click here.
Tired Taxpayer
1:28 pm on Tuesday, August 9, 2011
Selling into a market decline such as the one that happened yesterday is a bad trade. Interesting that the Market is reported to have fallen due to the debt downgrade - but investors fled the market and bought..... Treasuries!! Perhaps the decline is more due to the fear of a double-dip recession. If you have spare cash, the proper time horizon, and a stomach that can handle a choppy market - … more ›