And why wall street is headed south. Reporter the dow jones plummeted again at the opening bell, dropping more than 1,000 points in the first few minute of trading. For me, it felt like the crash of 87. The sell off continued last weeks tumble on wall street, the dow plunged 530 points friday, its worse session in four years. And the markets worse week since 2011. Fears of chinas economic slowdown are shaking investors, stocks fell across asia monday morning, which chinas main index tumbling 8. 5 . It biggest one day lost in eight years. This is a repricing of the global stock market. Adding to the slide is the plunging price of oil. Prices fell below 40 a barrel, for the First Time Since 2009. The Stock Exchange is prepared to halt trading, for 15 minute, to if the sp and 500 falls 7 . Wall street is now in whats called a correction, fall of 10 or more, from its high. Corrections are natural in a bull market. Most analysts say this one was long overdue. Longterm im still bullish. I st
Im a nervous type all the time. I have my own business so im always nervous. Reporter enough to frighten investors and vanguards chief economist, joe davis. If im nervous. Unnerving for me. Reporter but not unusual who says davis who offers this advice for investors taking their money off the table. Key is to not panic. That is hardest thing to do but perhaps most prudent and long term investing success is to do nothing. Reporter but do nothing prescription is hard to swallow here three rules from experts to help you get through it. Market swings are normal, avoid a knee jerk reaction, market changes and if you invest through a payroll deductions, keep doing so, this is an opportunity to buy low. I am nervous, not undually so because the marketings up and the marketings down and right now, it is down. Reporter so what should you do . Perhaps, nothing. Were seeing ugly side of the past few days but we have seen the Positive Side of the past three years. If one is going to have a higher
Its a great time to buy. Stocks are down. So, you know, im looking forward to it going back up and seeing a great investment in the future. I saw it as an opportunity. I mean, ever since it winds down so quickly, i just went out and buy as much as i can. Reporter whats the right reaction . Financial experts tell us do not panic. They should sit back take a look, listen to the experts and find out whats causing this and what theyre going to see is that this is a temporary issue. Reporter the heavy selling around the globe was sparked by fear that is chinas economy is falling dramatically and many u. S. Companies and investors are worried how a slow down there could affect production and trade here. China number one devalued their currency last week which is a surprise move. Number two its the worlds seconds largest economy. Reporter lets put this into perspective. The dow took a nose dive by 22. 6. Today the dow was only down 6. 6 percent at its worst point. First inn this were a true b
Right, about getting here. Yeah. I think transportation and the walking routes are going to be the two biggest things that were going to continually add to. Reporter organizers goal is to make the site as comprehensive as possible but the site will keep updating as the count down continues. Well be putting out a list of things you can bring and cant bring to the parkway. Thats something that the secret service will be issuing. There will be important updates and really good reasons for people to keep visiting the papal visit play book. Reporter and also programs headed by bus you need to keep your eye on this web site to figure out where you can go and how far you will have to walk and those walking routes what exactly they will be. If you do not have Internet Access this play book will be printed in local newspapers as we get closer to the big event. For now reporting outside of the offices of the basilica, Annie Mccormick channel6 action news. We have the link to that papal visit pla
I dont want to w. John. And i and i. Am always thinking. About. Its after the hero dies that the legend is born. The legend of her nest. Better known by the name chain is no exception to the rule like all legends it is based on reality a reality that has gradually slipped into an imaginary universe in which the hero is no longer a living being but a myth a life in the public eye and an early death were enough to make cheney a legendary icon of revolutions. You know fast effective going off. So did they had a poor childhood. His parents were very much what we call today. Ahead of their time. His father was somewhat of an eccentric in an anarchist and his mother was brought up by nuns so the family was really very bush yet they didnt have a great deal of money they left to set a pole in the sierra de cordova an arid area in the middle of argentina on account of their eldest sons asthma his name was ernest oh he wasnt yet in estonia cheik with our. Kid he was a very few nice skinny child