Here we go with the "plunge" headlines again. About 2% across the board-- OMG. If I were doing text based mining, I wouldn't be surprised to see a correlation between the word plunge followed by a further drop in the day. Based upon empirical observations, it seems to be the norm (even if the actual conditioning event was only 1-2% drop). A cynic might wonder if the headline intent is meant to be descriptive or influential.
Problem is, these are the fools handling "Your" 401k which is 100% long all the time. Plenty of smiles on the faces of hedgefunds, Locals on the Chicago Exchanges, and others world wide who are short.
Dont worry, one day soon we will see the glrorious "stocks surge" headline (when the s&p is up a whole 5 handles)
The media is making things look worse than they are or better than they are. It is the industry of exaggeration.
I look like that on good days and bad days. Bad days => Man, I screwed up and I'm a tard. Good days => F***, I should have made even more money.