Dude, Where's My Retirement Pension?

Stocks took another punch to the gut on Thursday, extending the February losses on all global indices.

The Dow Jones Industrial Average officially (-10%) entered correction phase.

The NASDAQ is within a hair of a 10% drop, from 7,505.77 to 6,777.16. 6755.19 is the magic number in this case.

On the S&P 500, the January 26 top of 2,872.87 is far away from the close into correction territory (at 2585.87), achieved in today's session with a triple-digit loss.

The Dow Jones Industrial Average Scoreboard looks like this:

Date	Close	Gain/Loss	Cum. G/L
2/1/18	26,186.71	+37.32	+37.32
2/2/18	25,520.96	-665.75	-628.43
2/5/18	24,345.75	-1,175.21	-1,803.64
2/6/18	24,912.77	+567.02	-1,236.62
2/7/18	24,893.35	-19.42	-1,256.04
2/8/18	23,860.46	-1,032.89	-2,288.93

That's in just six trading sessions, people. All the major averages are down for the year, but, hey, it's only February. Plenty of time to boost those profits.

This is only the beginning of a collapse that may be unprecedented. Considering the adherence to antiquated Keynesian economic theories spoon-fed to the masses, the unwinding will be a farce, fed by propagandists, though it's effects will be somewhat permanent on the financial status of almost everybody.

Precious metals were among the few gainers on the day.

At the Close, Thursday, February 8, 2018:
Dow Jones Industrial Average: 23,860.46, -1,032.89 (-4.15%)
NASDAQ: 6,777.16, -274.82 (-3.90%)
S&P 500: 2,581.00, -100.66 (-3.75%)
NYSE Composite: 12,270.65, -416.53 (-3.28%)