Page 25 - 401ks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lea: it's been a lackluster year for u.s. stocks and perhaps your bottom line. investors usually plan on the santa claus rally toanlds the year, but maybe not this year. reporter: when we talk about your bottom line, looking at our 401ks and iras, this could be the down year we haven't seen since the financial crisis. we have had low commodity prices. oil sold off. a strong u.s. dollar that hurt some of our big multi-national companies, and corporate profits that have been hit. we saw oral at $34 and change. it's down almost 30% this year.

Having queasy stomachs. the market had a panic attack. it was like mr. toad's wild ride. it was amazing to watch the online brokages, the t.d ameritrades. they saw such spikes in volume. what does that mean? people were jumpi inin ining in trying to sell. should you? have you real lost money if you didn't sell as the market drops? we saw the market cut its losses in half. yes, we totally understand there's major concern. people have 401ks. when you see a trillion dollars wiped off the market value in the blink of an eye, it is very disconcerting. we're at more than nine stocks on the dow jones...

Particularly all of the companies in our indexes, are looking toward -- you can hear them talk about where is the expansion and they are all talking about china. there is some concern if china slows down, what happens to them. >> right. >> volume is very high as well today. the nyse composite at 3.4 billion shares changing hands. that's running 90% above the august average. this is not mom and pop moving their 401(k)s. these are fast computer algorithms moving into the market, adapting to minor moves and moving out again. >> so much of this is about china. we've been watching china for a while...

Necessary because if you do what about italy, how about our debt spain and their debt so it's a very slippery slope. >> quickly it affects people here though because of the stock market and their 401(k)s. >> and we're in a global economy. if the euro fell and the eurozone starts to unravel, they are our biggest trading partner a lot of unknowns. uncharted territory. i can't tell you what the script is. we eve never seen it before. >> let's switch on to this because mastercard about to try something us to cut down on fraud. going to use selfies. the company will begin experiment with a face sca...

Ridiculous week on wall street. more importantly for all of our 401ks, the dow is up 41. i think the big story of today is, oil is up a little bit. a little bitty bit. that means chevron is up well over two percent, close to three percent, stocks up and down but nothing like they've seen the rest of the week. between monday and tuesday the dow dropped 200 and then the next couple days up more than 700 points. volatility is the name of the games. and the volume hasn't been low. >> no, no, no, it's huge. when you get 700 points on the dow that's big. today, much quieter but we may get a new high...