sfchris said:Does anyone know wat happened at 2:50 EST? The Dow plunged, then recovered over a period of minutes...

http://finance.yahoo.com/charts#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

Some are saying it was a mechanical problem.

Black Monday (1987) linkified for the lazy.

Black Monday is the name given to Monday, October 19, 1987, when the Dow Jones Industrial Average (DJIA) fell dramatically, and on which similar enormous drops occurred across the world.

The Black Monday decline was the second largest one-day percentage decline in stock market history. The largest one occurred on Saturday, December 12, 1914, when the DJIA fell 24.39%. However, in that case, the New York market had been closed since July due to the outbreak of the First World War. The greatest point loss in DJIA history was on Monday, September 17, 2001, 684.81 points, six days after the terrorist attack on New York City.

As the dramatic decline hit the news, there was some concern in the public that this was a sign that a economic depression would soon strike the world economy as it did with the stock market crash in 1929. As a result, there were concerted media efforts to inform the public while allaying their fears about an economic disaster.

For example, ABC News broadcast a television special about the situation which not only featured the major news anchors, but also Kermit the Frog and the other Muppet characters. Together, they presented an illustration of both the basic elements of the stock market and a realistic look at the consequences of Black Monday.

Emerging market ETF's are down 7-8 % .

verruckterBaum said:I'm predicting gradual sliding down for the rest of the week. But 6-12 months from now everyone on here is going to be bragging about how they got in next week.

If everyone thinks as you do, then you will all be wrong by definition. If everyone thinks the market will always recover, then everyone is already in the market and the market has nowhere to go but down. I hope for my sake that you are in the minority, not the majority.

My 2 cents: I wouldn't average in until we see a 7-10% decline.

manuvns said:Emerging market ETF's are down 7-8 % .

still well above 52wk lows.

sfchris said:Does anyone know wat happened at 2:50 EST? The Dow plunged, then recovered over a period of minutes...

http://finance.yahoo.com/charts#chart1:symbol=^dji;range=1d;indicator=volume;charttype=line;crosshair=on;logscale=on;source=undefined

Supposedly a lot of the curbs from dropping 200+ were lifted about that time and the queue of sell orders flooded the market.

It drives me crazy when people only talk about points not the percentage loss or gain. Just like stock splits.

I don't know which dropped more, the dow or the ratings for this thread?

FXI, the I shares China fund is down 10% today, the question is will the Chinese markets go down again tonight?

But I thought my exuberance was rational this time!