The Dow be plummetting, Market is fearful on this day.

[Aegon_Targaryen]

http://www.msn.com/en-us/money/markets/stocks-plunge-in-historic-rout/ar-BBm2CdZ?ocid=ieslice

The Dow Jones industrial average traded about 300 to 500 points lower after falling as much as 1,089 points in the open.

S&P 500 briefly lost 100 points in the open, initially joining the other major averages in correction territory before trading right on the edge.

"Fear has taken over. The market topped out last week," said Adam Sarhan, CEO of Sarhan Capital. "We saw important technical levels break last week. Huge shift in investor psychology."

While trading about 2 percent lower, the major averages were well off session lows in mid-morning trade.

"Everything seems to be off the same percentage which basically means the index guys are selling out," said Art Hogan, chief market strategist at Wunderlich Securities.

He noted that the sharp opening losses were due to great uncertainty among traders and the implementation of a rare market rule.

 

[dandh]

I managed to buy a few shares today - some JNJ at the start of the session, some HSBC later in the day. I'm not going crazy about it, but I'll continue to buy as the market continues to decline.

 

[Rifler]

I've also made some purchases today......

 

[22*43*51]

I hope it stays low through the end of the week.

My contributions and purchases almost all happen at the end of the month.

 

[Aegon_Targaryen]

The Dow closed today at nearly 600 points down. They are going to be focusing on China tonight and see what they do.

 

[INXS83]

http://www.msn.com/en-us/money/markets/stocks-plunge-in-historic-rout/ar-BBm2CdZ?ocid=ieslice

The Dow Jones industrial average traded about 300 to 500 points lower after falling as much as 1,089 points in the open.

S&P 500 briefly lost 100 points in the open, initially joining the other major averages in correction territory before trading right on the edge.

"Fear has taken over. The market topped out last week," said Adam Sarhan, CEO of Sarhan Capital. "We saw important technical levels break last week. Huge shift in investor psychology."

While trading about 2 percent lower, the major averages were well off session lows in mid-morning trade.

"Everything seems to be off the same percentage which basically means the index guys are selling out," said Art Hogan, chief market strategist at Wunderlich Securities.

He noted that the sharp opening losses were due to great uncertainty among traders and the implementation of a rare market rule.

With the uncertainty about China the big investors now have to find a profitable place to put their new money. That does tend to rock the boat.

 

[Aegon_Targaryen]

With the uncertainty about China the big investors now have to find a profitable place to put their new money. That does tend to rock the boat.

The next move is all on China and the Fed. Will the Fed raise interest rates as predicted by some? Or will it push out QE4? These are some very, very important decisions to be made here soon.

 

[INXS83]

The next move is all on China and the Fed. Will the Fed raise interest rates as predicted by some? Or will it push out QE4? These are some very, very important decisions to be made here soon.

I don't think raising the interest rates would be a good idea right now. More panic?

 

[Aegon_Targaryen]

I don't think raising the interest rates would be a good idea right now. More panic?

Problem is though, is that they may have to. Panic is definitely in the air, but this is a real problem that needs to be addressed. The dollar also took a hit this past week, a continuing trend.

 

[INXS83]

Problem is though, is that they may have to. Panic is definitely in the air, but this is a real problem that needs to be addressed. The dollar also took a hit this past week, a continuing trend.

The dollar can take some hits. It's been riding pretty high for awhile now with all the problems in Greece, Venezuala, Puerto Rico, etc.

 

[Aegon_Targaryen]

The dollar can take some hits. It's been riding pretty high for awhile now with all the problems in Greece, Venezuala, Puerto Rico, etc.

Yes, but it's simply the best of the not so good. Celente, Dent, Paul, Schiff, have all recently said that this was going to start happening and they pin pointed the beginning of September when you'd really start to see it.

Whatever happens though, it's worth keeping an eye open for. Like I said before, the Fed has to really operate smoothly here, or there's going to be lots of trouble.