This has been one wild ride lately.. 300 points down and them up.. Enough to get the fish quesey..US stocks tumble as Fed decision weighsBANGKOK POST
NEW YORK - US stocks fell sharply Friday in the wake of the Federal Reserve's decision against raising interest rates because of worries about slowing global economic growth.
The Dow Jones industrial Average dropped 289.95 (1.74%) to 16,384.79. The broad-based S&P 500 sank 32.12 (1.61%) to 1,958.08, while the tech-rich Nasdaq Composite Index lost 66.72 (1.36%) at 4,827.23.
Analysts said the Fed's decision Thursday to keep benchmark rates at zero was concerning because it implied that headwinds facing the global economy are stronger than thought. Also, the US central bank's failure to act despite previously suggesting a rate hike was imminent left investors uncertain of the outlook for US monetary policy.
What was it that someone posted about what a masterful job Obama was doing about stabilizing the economy??
When I'm living off my retirement funds, I tend to get a bit cranky and nervous.