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Dow set to fall 350 at the open

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Floridafan

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New York (CNN Business)The bloodletting on the stock market continued Thursday.

Dow futures tumbled, pointing to an 350-point decline at the open. The broader S&P 500 index was set to open 1% lower and Nasdaq futures suggested a 1.1% decline.
The Nasdaq in particular has gotten rocked in recent days. Investors have bolted from the index, which contains many tech stocks, because they are concerned about holding some of the market's riskiest stocks in a downturn. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.
The S&P 500 was on pace for its sixth-straight decline, and the Nasdaq has already fallen 8% this month.

https://www.cnn.com/2018/10/11/investing/dow-stock-market-today/index.html
 
The still does not feel like THE CRASH, that will come later.
 
Hawkeye10 said:
The still does not feel like THE CRASH, that will come later.
Click to expand...

Rising interest rates combined with trump tariffs, are going to destroy this economy.
 
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
 
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Floridafan said:
New York (CNN Business)The bloodletting on the stock market continued Thursday.

Dow futures tumbled, pointing to an 350-point decline at the open. The broader S&P 500 index was set to open 1% lower and Nasdaq futures suggested a 1.1% decline.
The Nasdaq in particular has gotten rocked in recent days. Investors have bolted from the index, which contains many tech stocks, because they are concerned about holding some of the market's riskiest stocks in a downturn. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.
The S&P 500 was on pace for its sixth-straight decline, and the Nasdaq has already fallen 8% this month.

https://www.cnn.com/2018/10/11/investing/dow-stock-market-today/index.html
Click to expand...

Always need to keep in mind the saying: Don't fight the Fed.

Has worked for a long time, still works today.
 
washunut said:
Always need to keep in mind the saying: Don't fight the Fed.

Has worked for a long time, still works today.
Click to expand...

market goes up and trump takes the credit, market falls and Trump needs to blame someone, so now it the Feds fault. Never has he taken personal responsibility for anything.
 
Captain Adverse said:
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
Click to expand...

Or maybe right leaning wealth got bored with making it look like their tax cut was a good thing for everybody.

At least you acknowledged that the markets are manipulated.
 
Captain Adverse said:
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
Click to expand...

A lot of big drops come in October. Pretty normal. I wouldn't panic. Drops are simply sales on your favorite stocks. People are taking some of the years profit of the table right now. Quite frankly I am hoping for a bigger drop as that will set a firmer bottom. That and I am making some good money shorting the ETF markets. Gots to love derivatives and proxies.
 
Captain Adverse said:
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
Click to expand...

How about rising interest rates????????
 
Floridafan said:
Rising interest rates combined with trump tariffs, are going to destroy this economy.
Click to expand...

We have to raise interest rates in order to be able to lower them when needed, things are going great now economically speaking; If not now then when?
 
Captain Adverse said:
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
Click to expand...

Rising interest rates combined with tariffs and a highly over valued stock market. The correction could have occurred at any time in the last few months and have been reasonable. Overall October is a common month for large corrections to occur
 
Spartacus FPV said:
We have to raise interest rates in order to be able to lower them when needed, things are going great now economically speaking; If not now then when?
Click to expand...

If things are going so great, why is the stock market doing so poorly? And I dont mean just yesterday!
 
Floridafan said:
market goes up and trump takes the credit, market falls and Trump needs to blame someone, so now it the Feds fault. Never has he taken personal responsibility for anything.
Click to expand...

I'm talking reality. Hint, take off your partisan blinders when investing.
 
Floridafan said:
If things are going so great, why is the stock market doing so poorly? And I dont mean just yesterday!
Click to expand...

One metric with very recent minor declines? Really? A datapoint of one does not constitute a trend.
 
Spartacus FPV said:
One metric with very recent minor declines? Really? A datapoint of one does not constitute a trend.
Click to expand...

Since mid January the stock market is down over 1000 points. Do you understand what 9 months of failure is?
 
Floridafan said:
If things are going so great, why is the stock market doing so poorly? And I dont mean just yesterday!
Click to expand...

It is only a depression for those who lost their jobs.

DOW at close December 31, 1980 963.99, DOW at close yesterday 25,408.00. If not yesterday , then when?

Never expected the DOW to hit a ceiling of 10k during my lifetime. The DOW hit 10k Mar. 29, 1999. I'm still alive, do you think the market could hit 30k before I kick?

Markets go up, markets go down. Today, having studied my charts, examining the trends for equities I haven't bought, today I will purchase those I see as opportunities. I already sold those I viewed as ripe for corrections, with a few exceptions. Those I judged to be capable of much further expansion. Win some, lose some, never gamble more than I can afford to lose. Never bet the farm. I'm funded 200k for today's purchases, less than I am paying for recent capital gains taxes this quarter (not to be confused with capital gains). When I sold, there were some losers, there were some gainers. My CPA will write off my losses at the time for filings. Much more exciting than Bingo, tho my mom really did enjoy playing Bingo.

Tulips. The Hunt Brothers. Some guy named Ponzi. How far behind are you? My advice to you, don't cry over spilt milk. Invite the cat and her kittens over for a feast.
 
Lord Tammerlain said:
Rising interest rates combined with tariffs and a highly over valued stock market. The correction could have occurred at any time in the last few months and have been reasonable. Overall October is a common month for large corrections to occur
Click to expand...


The market was fearful of rising treasury yields, the market went down. The market was fearful of lower treasury yields, the market went down. :lamo

I remember when a slice of pizza cost me 15¢, 25¢ with a coke.
 
OldFatGuy said:
It is only a depression for those who lost their jobs.

DOW at close December 31, 1980 963.99, DOW at close yesterday 25,408.00. If not yesterday , then when?

Never expected the DOW to hit a ceiling of 10k during my lifetime. The DOW hit 10k Mar. 29, 1999. I'm still alive, do you think the market could hit 30k before I kick?

Markets go up, markets go down. Today, having studied my charts, examining the trends for equities I haven't bought, today I will purchase those I see as opportunities. I already sold those I viewed as ripe for corrections, with a few exceptions. Those I judged to be capable of much further expansion. Win some, lose some, never gamble more than I can afford to lose. Never bet the farm. I'm funded 200k for today's purchases, less than I am paying for recent capital gains taxes this quarter (not to be confused with capital gains). When I sold, there were some losers, there were some gainers. My CPA will write off my losses at the time for filings. Much more exciting than Bingo, tho my mom really did enjoy playing Bingo.

Tulips. The Hunt Brothers. Some guy named Ponzi. How far behind are you? My advice to you, don't cry over spilt milk. Invite the cat and her kittens over for a feast.
Click to expand...

This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now
 
Floridafan said:
Rising interest rates combined with trump tariffs, are going to destroy this economy.
Click to expand...
When did it become Trumps economy? Is it officially his now that the markets are panicking that that the Democrats might regain control of congress?

Sent from my SAMSUNG-SGH-I467 using Tapatalk
 
Floridafan said:
If things are going so great, why is the stock market doing so poorly? And I dont mean just yesterday!
Click to expand...
Poorly? You must have your money in china's market. Ours is still up for the year.

Sent from my SAMSUNG-SGH-I467 using Tapatalk
 
trouble13 said:
Poorly? You must have your money in china's market. Ours is still up for the year.

Sent from my SAMSUNG-SGH-I467 using Tapatalk
Click to expand...

Any gains in this market happened during the first two weeks of January, since then its been total failure.
 
Captain Adverse said:
I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it. ;)

I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

IMO there is really no good reason for the sudden drop in economic confidence at this time.

However, I am willing to be schooled by our resident economists. :unsure13:
Click to expand...

I think it has to do with rising interest rates in an attempt to ward off inflation. This was due to happen with a growing economy.
Plus, there are some worries about trade agreements with China.
In reality, market dips are good buying opportunities.
 
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