Can someone explain what happened at the NYSEtoday

[Death from Above]

Big fall, what's it mean?

[Ætheling]

The big Euro experiment is failing. Markets are very global these days so with Greece ready to crash and test the Eurozone as a whole we will feel the effects. Our market has only been strong under our POTUS because he's kept the fed rate next to nothing. The duct tape he put on the crack from 08 won't hold forever. Makes me nervous.

[Mudslinger]

Yep and we will pay for the great upswing in the market over the last few years.
Most economists are predicting a market correction like we have had in the past. Too many bubbles from the market to housing to the GDP and growth, which is practically non exsistent.

[Texas Grown]

I listen to the morning report almost every day. Starts with what is happening overseas, then Euro, then here.

Kinda like when everybody dose The Wave at a ballgame .

[jerp]

IMO, the market has been looking for a reason to sell off. The trigger this time was the Greek crisis and their game of chicken with the EU. The EU has set strict guidelines that Greece will have to follow in order to get bailed out once again. Greece is resisting even as their economy teeters on the edge of collapse. Over the last week a run on the banks started gaining momentum, to the point that they closed the banks for 6 days. ATMs have been sucked dry and you can't get to your money. A bank run is an ugly thing. Panic ensues and the fear is, unfounded or not, is that this contagion will spread to other countries like Portugal, Italy and Spain. If Greece exits the EU, drops the Euro and goes back to the Dracma it will send shock waves across Europe. The uncertainty of how this will play out has investors running for the exits

[Bill]

The last time the world financial markets went in the toilet, the central banks were able to get their economies going again by reducing interest rates to zero. Greece is ready to default on their debt and the fear is it starts a domino effect, and there is nowhere for the central banks to go with interest rates.

The people on Wall Street are getting scared what may happen and the market is down.

[westtexducks]

Bring it on, I just started investing so the cheaper I can pick them up now for the long haul the better. Kinda sucks for you older dudes but I am liking it.

[Hookem84]

hope all turns out ok

[JBJTX81]

I'm sayimg market loses 10-12% over the next year and stays there. Until Jan of 17 or longer. Euro sucking wind Greece in default elections coming up lots of over valuation. We are in for a correction. Not a Katy bar the door recession but a noticeable dip headed our way.

[txdukklr]

we are due a correction, time to consolidate cash and jump into the next correction