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What Stock Market Volatility Means For The Economy, And You47:08
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Trader George Ettinger, center, works on the floor of the New York Stock Exchange, Tuesday, Feb. 6, 2018. The Dow Jones industrial average fell as much as 500 points in early trading, bringing the index down 10 percent from the record high it reached on Jan. 26. The DJIA quickly recovered much of that loss. (AP Photo/Richard Drew)MoreCloseclosemore
Trader George Ettinger, center, works on the floor of the New York Stock Exchange, Tuesday, Feb. 6, 2018. The Dow Jones industrial average fell as much as 500 points in early trading, bringing the index down 10 percent from the record high it reached on Jan. 26. The DJIA quickly recovered much of that loss. (AP Photo/Richard Drew)

With guest host Indira Lakshmanan.

Live by the Dow, die by the Dow? We'll look at the economic tea leaves and realities of a volatile market.

Live by the Dow, die by the Dow? The Dow dropped more than 1,000 points on Monday, the most ever in one day, before clawing back half of that on Tuesday. And today is another day. If a president takes credit for the stock market’s rise, does he also own its fall? Or do we all need to all remind ourselves that the stock market isn’t the economy? This hour, On Point: the Dow’s zigs and zags, buy or sell, and what the market volatility tells us about housing, inflation and whether we’re headed for a downturn. --Indira Lakshmanan

Guests:

Binyamin Appelbaum, New York Times Washington correspondent who covers the Federal Reserve. (@BCAppelbaum)

Robert Shiller, Nobel prize winner and professor of economics at Yale University. (@robertjshiller)

Michelle Singletary, personal finance columnist for the Washington Post. (@SingletaryM)

Sung Won Sohn, professor of economics at California State University, Channel Islands.

From The Reading List:

Washington Post: I Feel You About The Stock Market Swings — "I don’t come from money. Not even close.

So when I hovered my computer mouse over the link to view my 401(k) account late Monday, I took a pause, my heart fluttering. It was another day of deep stock market declines.

What would I find? How bad of a hit did my retirement portfolio take? I’m not going to lie: I said a quick prayer."

This program aired on February 7, 2018.

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