DOW below 8000 again with 20 mins to go - down 180 today nt

[jannyk]

[4 t 4]

1. Wouldn't it be something if

all the ultra rich come down and the poor and middle class poor go up and then in some strange way we are all the same. Just a crazy thought I Had for a moment.

[NorCalDem]

2. Don't for one second...

make the mistake of thinking that the ultra-rich are losing all, or even any, of their money during the latest collapse like the rest of us are. The rich will remain rich, it's only the poor and middle class who suffer...

[4 t 4]

3. Just a crazy thought I Had for a moment.

Did you miss this part of my post ?

[NorCalDem]

5. Nah, i realized it was a fleeting moment...

you just scared me for a minute, that's all :)

Cheers

[Ichingcarpenter]

4. Worst January for the Market since.......... 1916

This marked the worst January performance on record for the S&P, topping a 7.6% drop in January of 1970.
The Dow Jones Industrial Average ($INDU: 8,000.86, -148.15, -1.8%) fell 8.8% for the month.
This also marked the Dow's worst performance on record for January, topping a 8.6% drop in January of 1916. The correlation worked that year, with the Dow ending with an annual drop of 4.19%.

However, the correlation between January and the year seems to work best in bull markets. Since 1896, the Dow has gained an average 0.98% in January, for an average yearly gain of 7.41%.

But during the Great Depression years, for instance, the correlation didn't work. January gains still translated to big yearly losses in 1929, 1930, 1931 and 1933. A January drop in 1932 did lead to losses for the year.


http://www.marketwatch.com/news/story/As-goes-January-so-goes/story.aspx?guid=%7BDCD8631C%2D2889%2D4F4B%2DABD0%2D07D1EC008F03%7D