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Old 02-08-2018, 08:44 PM   #1
philomath
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Default Dow down over 1000 points.

Its now being called a correction. Well drrr, ya thunk? Anytime anything has had its precieved value inflated way higher than its actual value, no one should be surprised when folks finally notice it and act accordingly.\

Small dose of logic today.
-----------------------


Dow plummets more than 1,000 for the 2nd time in a week, erasing brief rebound..
Stocks posted sharp losses Thursday with the Dow shedding 1,032 points, as higher interest rates continued to rattle investors.

The Dow Jones Industrial Average tumbled 4.15% to 23,860, notching its second-worst point drop in history. The S&P 500 fell 100 points, or 3.75%, to 2,581. The Nasdaq Composite was down 274 points, or 3.9%, at 6,777. The sell-off pushed the Dow and S&P 500 into correction territory, when stocks fall at least 10% from their highs.

U.S. equities extended their losses in a week overtaken by wild swings in the stock market. The Dow, which booked a record-breaking loss of 1,175 points Monday, has shed roughly 2,700 points since Friday amid a brisk retreat from all-time highs. Positive U.S. economic data, such as stronger wage growth and low unemployment, has raised Wall Street’s odds that Federal Reserve policymakers will raise interest rates faster than anticipated.

Chicago Federal Reserve President Charles Evans recently said he continues to expect the U.S. inflation rate to hit the central bank’s 2% goal as soon as the end of 2019, adding that the next increase to interest rates could wait until mid-2018. Still, traders are bracing for more market volatility, wondering if the Fed will hike rates more than three times this year, the current target. The first of those rate hikes is expected in March.

The yield on the 10-year Treasury bond rose as high as 2.88%, nearing Monday’s highest level in four years. The benchmark rate was trading around 2.85% Thursday afternoon.

The CBOE Volatility Index, known as Wall Street’s “fear gauge,” climbed about 25%. The VIX spiked 115% amid the Dow’s historic plunge Monday.

http://www.foxbusiness.com/markets/2...s-persist.html
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Old 02-08-2018, 09:24 PM   #2
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Better the correction than the markets overheating and igniting runaway inflation.
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Old 02-08-2018, 11:36 PM   #3
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And it's not just us either..........

https://www.msn.com/en-us/money/mark...ykY?li=BBnbfcN
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Old 02-09-2018, 01:33 AM   #4
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Oh, so it's back where it was in December 2017. bummer.

Probably because the Fed is raising interest rates and the accountable, unelected Consumer Finance Protection Bureau got some wacky judge to rule that it's okay to be a Federal Bureau with absolutely no oversight committed headed by a communist.
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Old 02-09-2018, 01:37 AM   #5
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Strange, I never saw a thread from you about the "slow recovery" under Obama or the "sluggish economy" or the fact that economists were saying a <3% GDP growth was the new normal.

Funny how that is, isn't it?
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Old 02-09-2018, 02:24 AM   #6
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Quote:
Originally Posted by Aquina1300 View Post
Strange, I never saw a thread from you about the "slow recovery" under Obama or the "sluggish economy" or the fact that economists were saying a <3% GDP growth was the new normal.

Funny how that is, isn't it?
whoa, whoa, whoa, calm down there, young lady. I didn't mean to get you all wound up there. I still think you are great. But, Its no, its not funny to me at all. I moved a large portion of my money over a week ago when the foundation was shaking then. I was just posting a FACT. Nutting more. Also, I do not remember a 1000 point + drop at any of the times you are mentioning either. If it had happened, rest assured I would have mentioned it. Thats all I am saying.

Geeze, you Trump folks are ultra touchy for some reason. Why do some of his folks fly to his defense no matter what he does, no matter the news. Just fly to "offensive" immediate defense of him, his actions(no matter how asinine) or his policies , then sort out the facts later.

Why is that the new norm with hardline trump supporters? Its a bit degrading to me because I know for a fact that a hellava lot of them are much smarter than that. But, for some reason they can't help themselves when it comes to Him.(kinda like me buying sheot I will likely never use) And I know he will be gone before long as all of them are, then what.

"Shrugs"

Anyway, in case you did not hear. The market fell over a 1000 points today.
I hope it recovers soon.

I guess this one is gonna have to be one of the times I hug ya,, give ya a high five,, and agree to disagree.

Waves.
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Old 02-09-2018, 01:27 PM   #7
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Quote:
Originally Posted by Aquina1300 View Post
Strange, I never saw a thread from you about the "slow recovery" under Obama or the "sluggish economy" or the fact that economists were saying a <3% GDP growth was the new normal.

Funny how that is, isn't it?
You were lied to for 8 years under Obama about the economy. You dolts clearly don't fact check anything.

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A mental retard who is clueless not only about current events, but also has the IQ level of a rock. "Dolt" may be the most sophisticated insult in the English language. Dolts commonly populate such stereotypes as jocks, nerds, fruits, bookworms, and dorks.
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Last edited by inevitab1e; 02-09-2018 at 01:36 PM.
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Old 02-09-2018, 01:34 PM   #8
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Its all made up money anyway..its why when it goes titsup its so bad..nothing to back it up with anymore..fuck stock exchanges..build infrastructure and jobs..its more secure.
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Old 02-09-2018, 01:40 PM   #9
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Originally Posted by bran View Post
Its all made up money anyway..its why when it goes titsup its so bad..nothing to back it up with anymore..fuck stock exchanges..build infrastructure and jobs..its more secure.
Did ya hear? The corporate tax plan recently passed has 'trickled' down into bonuses for 0.1% of Americas population. To cultservatives, this is awesome!

These people are so dumb they should have their voting rights stripped
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Old 02-09-2018, 02:17 PM   #10
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Quote:
Originally Posted by philomath View Post
whoa, whoa, whoa, calm down there, young lady. I didn't mean to get you all wound up there. I still think you are great. But, Its no, its not funny to me at all. I moved a large portion of my money over a week ago when the foundation was shaking then. I was just posting a FACT. Nutting more. Also, I do not remember a 1000 point + drop at any of the times you are mentioning either. If it had happened, rest assured I would have mentioned it. Thats all I am saying.

Geeze, you Trump folks are ultra touchy for some reason. Why do some of his folks fly to his defense no matter what he does, no matter the news. Just fly to "offensive" immediate defense of him, his actions(no matter how asinine) or his policies , then sort out the facts later.

Why is that the new norm with hardline trump supporters? Its a bit degrading to me because I know for a fact that a hellava lot of them are much smarter than that. But, for some reason they can't help themselves when it comes to Him.(kinda like me buying sheot I will likely never use) And I know he will be gone before long as all of them are, then what.

"Shrugs"

Anyway, in case you did not hear. The market fell over a 1000 points today.
I hope it recovers soon.

I guess this one is gonna have to be one of the times I hug ya,, give ya a high five,, and agree to disagree.

Waves.
Oh, let me refresh your memory then.......

Quote:
Do you remember where you were the morning of August 24, 2015 -- when the Dow dropped nearly 1,100 points shortly after the opening bell?
Source:
http://money.cnn.com/2016/08/24/inve...ary/index.html

Again, as I said, this stock market drop, puts stocks back were they were in December 2017........so, it basically eliminated the gains of January 2018. The August 2015 stock drop had much more of an impact because there were no serious gains made the month before that set the stock market back a month.

Quote:
These Were the Dow's 10 Worst Single-Day Losses Ever

.......

U.S. stocks opened trading Monday (That is August 24, 2015 - edit by Aquina1300) with a precipitous tumble that saw the Dow fall more than 1,000 points at its lowest point. The selloffs eventually gave way to something of a rebound, but one that still left the market with one of the biggest one-day declines in recent memory.
http://fortune.com/2015/08/24/stock-...ugust-decline/

Once again, a 1,000 point drop in February 2018 basically puts the stock market back where it was in December 2017, a bit over a month ago.
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Yeah but they're Moozlims. Kill 'em all! -Wimbly
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Last edited by Aquina1300; 02-09-2018 at 02:24 PM.
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