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Thread: Stocks unravel as factory report unleashes uncertainty on the economy

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    Stocks unravel as factory report unleashes uncertainty on the economy

    Stocks unravel after factory report; Dow sinks 325 points

    U.S. stocks were battered on Monday, with benchmark indexes falling through key support levels after a gauge of factory activity disappointed, heightening concern about the economy before Friday's monthly jobs report.

    Explain the Market Drop? There's been a run down the last week, is it due to normal fluctuations (10% correction), or something more?
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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    Good now my CAD will hopefully be worth something. When things go bad in the U.S. they invest in our dollar.

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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    Quote Originally Posted by grip View Post
    Stocks unravel after factory report; Dow sinks 325 points




    Explain the Market Drop? There's been a run down the last week, is it due to normal fluctuations (10% correction), or something more?
    A huge market correction is inevitable of-course due to QE.

    I keep flipping to CNBC to see whether or not the "curbs" are up.
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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    We've had straight growth for almost 2 years. That doesn't happen often, and we're probably going to experience some normal market corrections.
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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    The stock market is an overrated indicator of economic health. I apologize for being blunt, but the only people that are hurting after that 320 point drop today that weren't hurting previously are rich investors and CEOs that dominate the money supply. very few "average Americans" in the middle or lower classes have stocks, and those that do usually invest significantly less in significantly more stable companies. So yes, some investors took the "L" today. But they have been getting the "W" for the past 4 months as stocks have hyper-inflated due to the Fed's policies. Regular, everyday Americans are in the same boat today as they were yesterday.
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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    Quote Originally Posted by iacardsfan View Post
    The stock market is an overrated indicator of economic health. I apologize for being blunt, but the only people that are hurting after that 320 point drop today that weren't hurting previously are rich investors and CEOs that dominate the money supply. very few "average Americans" in the middle or lower classes have stocks, and those that do usually invest significantly less in significantly more stable companies. So yes, some investors took the "L" today. But they have been getting the "W" for the past 4 months as stocks have hyper-inflated due to the Fed's policies. Regular, everyday Americans are in the same boat today as they were yesterday.
    Well some winners are the fund managers who will churn the accounts, make a commission while 'saving' the investor's money. oh and all the guys who took short positions. To the casual glance the stock market looks more like a game of Keno/Casino capitalism than a good place to convert the Social Security program into...

    But what do i know, i invest in land and cattle and the USDA just announced the national cattle herd is at it's lowest since 1951.

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    Re: Stocks unravel as factory report unleashes uncertainty on the economy

    Quote Originally Posted by Fenton View Post
    A huge market correction is inevitable of-course due to QE.

    I keep flipping to CNBC to see whether or not the "curbs" are up.
    When you see enough change in the currencies, bonds, PM's and other investment tools that could be a sign of a bigger move.

    Quote Originally Posted by iacardsfan View Post
    The stock market is an overrated indicator of economic health. I apologize for being blunt, but the only people that are hurting after that 320 point drop today that weren't hurting previously are rich investors and CEOs that dominate the money supply. very few "average Americans" in the middle or lower classes have stocks, and those that do usually invest significantly less in significantly more stable companies. So yes, some investors took the "L" today. But they have been getting the "W" for the past 4 months as stocks have hyper-inflated due to the Fed's policies. Regular, everyday Americans are in the same boat today as they were yesterday.
    The average American isn't directly impacted by Market drops but sustained dumps, like the 2008 run are an indicator of overall economic health. There's no way the big corporations can take a sustained hit (money shortage) and not pass it on to us, in less jobs/benefits, lower wages, layoffs, price increases, higher commodities etc. If it's only a 10% correction as they've been predicting, due to over investing and exuberance, then it won't affect us.
    Einstein, "science without religion is lame, religion without science is blind."

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