for at least 15 years made money. any major market move is a great time to check your investments. make sure you are diversified and appropriate risk for your age. closer to retirement, you should be 100% in stocks. another money move that we don t recommend, stocking up on powerball tickets instead of investing in 401(k). the jackpot for saturday s drawing is now $700 million. that works out to $428.4 million cash after taxes. those numbers will likely rise as people rush to buy tickets. it is the biggest lottery jackpot in american history surpassing the mega millions jackpot in 2012. let me remind you your chances of winning. 1 in 292 million. all right. president obama standing by his executive action on guns during cnn s town hall last night.
now to developments from wall street. let s look at the numbers right now. stocks are kind of mixed in this first hour of trading, up 22 points. the dow, s&p 500 down four. nasdaq down 27. cnbc s mandy drury is here with a market rundown. not major moves as you can see. but we ve enjoyed the best five-day run since 2011 for the benchmark s&p 500. you can expect a little profit taking to kick in today. also what we re seeing is oil is moving higher extending gains with the eia saying u.s. crude output is going to fall through mid 2016. we ve also seen crude and the market move in tandem in recent days. by the way, we got the forecast from the imf today, the international monetary fund. it is downgrading its forecast for global economic growth
you ve got the euro basically saying, we re foreclosing on you, we re getting ready to kick you out. what are you going to do to try to stave off this foreclosure for a mortgage payment you haven t paid for some time? kerry, thanks so much. as i mentioned, the dow is down 200 points here. to dominic, we ve seen the situation in greece turn volatile at points over this five years. we ve seen obviously long lines here. what we re watching on the stock market today, at the stock market today, is this a result of instability in greece and with the euro? tamron there is no doubt that the market move today is certainly being caused by the greek fears and whatnot, but what a lot of traders are telling us right now is they re surprised that the market reaction hasn t been worse to the down side. you would expect if you have this greek fear the fear of the greek default of the euro you would think the market would be
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designed to be inside your plan. that doesn t mean you get out of your plan. it doesn t mean you stop contributing. it means you save more in addition to those stock market funds. save more, save more, save more. i say that every week. people give me hate mail. i can t save more because i can t make the money last as long as the month. brian, last word to you. you see the dow down more than 350 points like it was on thursday. sometimes the first time people notice, really, when the market s down so much. people become frantic and approach me on days like thursday with one question, should i sell? my answer is always no, don t panic, don t lock in losses. you ve got a number of folks like regular folks, not traders and professionals, just want free advice when they see the dow plunge. what is your free advice to normal people when they see the market move like it did this week. we have been through the cycles. what we would say is don t try to time the markets. stick with your analy