Market lost 1,000 points Last Week - headed for a 1,000 point Down Today (Obama, retirement)

[Kibby]

6% down within minutes of the open.

They will halt trading about 7% or 1,100 points. Down over 1,000 now.

[GregW]

I plan on riding this out just as I did the last crash. After all I bought into the market when the Dow Jones was around 2,000 or so.

[Ih2puo]

Obamas recovery.

[Finn_Jarber]

Originally Posted by Kibby

6% down within minutes of the open.

They will halt trading about 7% or 1,100 points. Down over 1,000 now.

At last we get the correction everyone has been waiting for. The question is how low can it go.

[Eeyore1954]

I bought this morning.

[burdell]

Originally Posted by Ih2puo

Obamas recovery.

Yeah, Obama's only involved when it's down, never when it's up, eh?

[Kibby]

Originally Posted by GregW

I plan on riding this out just as I did the last crash. After all I bought into the market when the Dow Jones was around 2,000 or so.

I did all my re-balance last month. This shouldn't be a surprise to anyone.

The thing is -- individual investors need to just stay calm and not panic. It's going to bounce around a while. For those with 401K's - keep in mind that your 401K is now buying cheap and it's not selling at all.

[Eeyore1954]

Originally Posted by Ih2puo

Obamas recovery.

No fan of President Obama but even after this the market is way up since he took office.

[victimofGM]

If you're within 5 to 10 years of retirement then most or all your retirement should be out the stock market. I have about 20 years to go so I might increase my percentage being deducted to go into my 401K to buy more while the prices are low. Mine is set up to gradually shift away from stocks the closer I get to retirement.

[WestCobb]

Of course this is Obama's fault. That much is certain. I just don't why yet. I'm sure I'll get the specifics as soon as I listen to Fox.