Why did the market lose almost 300 points today??

Is it possible that it was because the White House and the Republicans did not come to any agreement on the debt limit vote? Aren't average Americans, that are invested in the stock market, losing money when we have these huge losses? Can we anticipate another huge loss tomorrow and will someone point out this possibility for the cause?

and then mostly by computers. But yes, it's retirees and those who have honest jobs that lose the most.

not thinly traded, but there's quite a bit of computer trading by The Banksters and Hedge Funds.

But there was this:

http://www.zerohedge.com/article/yastrow-%E2%80%9Cwe-are-verge-great-great-depression%E2%80%9D

Back in the first Depression, liquidity was the problem (not enough cash for withdrawals). Today the problem is INSOLVENCY.

It's going to get very ugly.

Food shortages are right around the corner.

Poor and working poor are going to feel most of the pain....never mind the age.

ETA: http://www.moneyandmarkets.com/the-stock-market-is-sending-three-bearish-messages-44933?FIELD9=3

The definitive answer anytime this happens.

They were pretty awful.

I think the markets think a debt limit deal will still be done.

The vast majority of even vaguely savvy investrs care not one iota for daily shifts in broad indices. Possible causes? Debt ceiling is one yep. Poor ADP and consumer confidence reports. Manufacturing and construction reports also down too. Did you worry about the big gains in the last couple days too?

troubles in Europe, slowing domestic economy... take your pick.

300 points on the Dow is nothing. One year from now, it will not even be remembered. One month from now, it will be immaterial.

I wouldn't want to get caught holding the bag.

The daily ups and downs of the market have very little to do with White House policy.

Average Americans will only lose money if they SOLD today and they would be stupid to sell...because then they'll miss it when it goes higher again.

To answer your question - Yes, we can anticipate another huge loss tomorrow...or maybe it will be a huge gain. That's the point - day to day fluctuations don't matter to anyone except for political pundits and news heads who don't understand the market.

--people praise Obama's economic policies to the skies when it goes up, and quake in their boots when it goes down. It is utterly disconnected from the reality of 90% of the US population.

When that is the case, there is no safe haven for your money.

The amount of "value" that disappeared has not been specified and it DOES matter. Some of the feudal lords, perhaps even some who know a thing or two about skeletons in which closets, are being squeezed, by those above them.

-- bad housing report.
-- less good than expected jobs report
-- bad manufacturing report.
-- concerns about Greece
-- concerns about debt ceiling negotiations.

Maybe more but thats the stuff I heard today. Its most likely a non-event if some good news comes out tomorrow. Investors are extremely fickle.

The easiest place to start, when describing what happened today, is by pointing out that economic data has been weakening for sometime, but the market has really been holding up just fine. Everyone's been wondering: When will that give? That may have begun today
Because it was PMI day around the world, there was quite simply, a huge pile of news. Chinese PMI was below expectations. Aussie GDP was below expectations. PMIs across the Eurozone were consistently disappointing. The biggest sore spot, the UK, was a total debacle, as a double dip seems now all but confirmed.

And the data in the US did not disappoint the doomsayers. The ADP jobs report was a disaster, which is very inauspicious for Friday's Non-Farm Payrolls report. Later on the ISM clocked in with a sizable whiff, though everyone seemed to know the whiff was coming.
Suddenly everyone was screaming QE3! Gold soared. Stocks tanked, signalling the belief that even if the Fed were inclined to do more easing, all the water has been squeezed from the stone, and that it would be purely inflationary without any benefit.

Read more: http://www.businessinsider.com/closing-bell-june-1-2011-6#ixzz1O4G0lQ4L