[kycountry]

yep, it just fell off a cliff!!!

at 9:42am.. it is down 351 points and falling still...

http://money.cnn.com/data/markets/

 

[simi-steading]

It's been falling for a while. They've been calling for a correction for a while, and this may be it... I'm not worried.. this country is already a mess....

 

[myheaven]

Just wait the government will pump more money into it.

 

[Ernie]

They have built in stops where trading will be halted so that the Federal Reserve has time to hand out some more funny money to all of the top banks.

 

[Roadking]

It's now at 16,005...do I hear 15,000 soon? Or even lower?
It was bound to happen.

Matt

 

[kycountry]

15,950 now.. Dollar dropping, oil under $82.... what's next? health Insurance Co. bottoming out??

 

[Becka03]

and there goes my fake retirement-
thank goodness I have some living skills-

 

[MoonRiver]

All sectors are down over the last 3 months. No place to hide.

 

[okiemom]

buying opportunity

 

[elkhound]

over 400 down now....burn baby burn...lol

 

[illinoisguy]

I am on some gun groups on Facebook. They are starting to shut gun stuff down. I'm on a couple AR-15 sights with over 10,000 members and we are scrambling what to do if those both go dark.

 

[simi-steading]

soooooo.. it went back up, and closed down 173.45.... The sky didn't fall... Would have been a good day to buy for a short time..

 

[Ozarks Tom]

soooooo.. it went back up, and closed down 173.45.... The sky didn't fall... Would have been a good day to buy for a short time..

As long as the Fed can still digitalize money from thin air they'll keep it from falling off the cliff. Problem is, the Fed can't do it forever. It's like musical chairs, you never know the music will stop.

 

[Becka03]

I have a retirement plan thru work that is based in the Markets- ( if this isn't the right wording- I apologize- I don't base my getting old and retiring on what it makes or doesn't make) BUT- I get really tempted to take out the Maximum amount of what I am allowed without getting taxed- and paying it back monthly with the actual amount- that way I have the $$ if everything were to go to downstairs in a handbasket-

 

[terri9630]

I have a retirement plan thru work that is based in the Markets- ( if this isn't the right wording- I apologize- I don't base my getting old and retiring on what it makes or doesn't make) BUT- I get really tempted to take out the Maximum amount of what I am allowed without getting taxed- and paying it back monthly with the actual amount- that way I have the $$ if everything were to go to downstairs in a handbasket-

That's what we did. That way we have everything hut the house paid off and some cash in the safe.

 

[Becka03]

That's what we did. That way we have everything hut the house paid off and some cash in the safe.

mmmm-this is good to hear- a perspective-
I could potentially take out 30 grand- pay all my crap off-
but pay monthly-
no taxes-
i wish I was smarter finacially- have I mentioned that?

 

[terri9630]

mmmm-this is good to hear- a perspective-
I could potentially take out 30 grand- pay all my crap off-
but pay monthly-
no taxes-
i wish I was smarter finacially- have I mentioned that?

We took out $40, paid off everything but house, bought daughter a car and put our cars in the shop for a thorough once over and any repairs. We only have house and monthly utilities to pay. I'd have liked to pay the house off but $40 wouldn't have covered it.

 

[Sawmill Jim]

I have a retirement plan thru work that is based in the Markets- ( if this isn't the right wording- I apologize- I don't base my getting old and retiring on what it makes or doesn't make) BUT- I get really tempted to take out the Maximum amount of what I am allowed without getting taxed- and paying it back monthly with the actual amount- that way I have the $$ if everything were to go to downstairs in a handbasket-

I know someone that borrows the max on one of their retirements and buys gold and silver with the money . Says if they should steal his retirement fund some way he still has something and good luck on them collecting on that loan .

 

[Becka03]

Terri- do you have to pay it back monthly?
I know with mine - I have to pay it back or- I have to pay taxes on it-

 

[terri9630]

Terri- do you have to pay it back monthly?
I know with mine - I have to pay it back or- I have to pay taxes on it-

Yes. Ours works the same. I'd rather pay myself the interest than the bank and the payments are smaller and automatic so there is less going out and I can't forget them.