Shortly after Dow retakes the 14,000 level, stocks have their worst day of the year

  • Article by: Daniel Wagner , Associated Press
  • Updated: February 4, 2013 - 4:46 PM

Stocks hit a big milestone, then promptly spun off the road.

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  • Comments

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beaglemomFeb. 4, 13 4:06 PM

Remember how last week everyone wanted to give Obama credit for the best day in years? Why are they not weighing in today?

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toofunnygalzFeb. 4, 13 4:13 PM

Did ya really think the market could keep going up, up, up with unemployment high, debt rising and taxes going up? Just be thankful that the market rose at all in Nov, dec and Jan.

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ciamanFeb. 4, 13 4:24 PM

And people wonder why most people are staying away from Stocks and Wall Street? Unless you know someone inside, it is almost impossible to make money any longer with Stocks. If you had bought on Friday hoping that you would be riding a rocket toward the moon of money, guess what? You would have lost a ton of money today. Better try something else folks.

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ritterjFeb. 4, 13 4:41 PM

Spun off the road? Silly newspapaer hysteria. 129 point drop is nothing; even in the best market times there will be two steps forward and then 1 back, as people take profits, or weak stocks are exposed.

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minnexyzFeb. 4, 13 5:52 PM

A .93 percent drop in the DOW is not newsworthy.

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ritterjFeb. 4, 13 6:04 PM

...If you had bought on Friday hoping that you would be riding a rocket toward the moon of money, guess what? You would have lost a ton of money today... No, you would have lost on average 0.9%; your $1000 is now worth $990. Hold your purchases for few more months or years, and you likely will make a nice profit. On the other hand, if you had bought during the low days of 2008, you would now have nearly doubled your money. The suckers jump in and out in a rush or panic, always buying at the wrong time; the smart people are generally in for the long haul.

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pitythefoolsFeb. 4, 13 6:38 PM

Ah, the institutionals are back. Keep buying and selling between each other until the little guy jumps in, then dump your stock. Do that enough times in a year and they make a ton of money. Anyone who plays this market is a fool.

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ekholmFeb. 4, 13 6:43 PM

"worst day of the year"? Call me when the year has been 11 months long instead of 1 month long.

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gkimballFeb. 4, 13 6:50 PM

How does this relate to the lives of people who don't try to get rich from the stock market?

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joejoe1Feb. 4, 13 8:14 PM

Hey, people gotta sell their stock to pay off their Superbowl losses... Those coin flip prop bets don't come cheap!

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