"DOW Pummelled: Earnings, global economic fears thrash markets"

That is the cover story on Yahoo Finance right now with the DOW down 1.29%, S&P down 1.17%, and Nasdaq down .96%

How quickly the sheep forget what a real down day is.

Complacency brought to you courtesy of 5+ years of government intrusion into the markets.

 

"DOW Pummelled" was a little premature, down only -1%. The markets had a nice bounce during the last two hours. Nasdaq down only -0.57%, QQQ -0.34%.

 

OMG What Should We Do?

This has got to be that Obama's fault!

 

Yep. People love the Prez more (or dislike him less) when their 401k accounts are growing! He will get some blame for market correction too.

 

All the credit for the fact that the market has doubled since March 2009 should go directly to the Fed.

 

I wonder if we should get ready to BTD?