Dow Falling

Discussion in 'Politics' started by GMDGator, Feb 2, 2018.

  1. GMDGator

    GMDGator Slick Willie
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    "

    [​IMG]
    Art Cashin on market reaction to jobs report 2 Hours Ago | 03:50

    U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher.

    The Dow Jones industrial average dropped 450 points, with Exxon Mobil sliding 5.4 percent. The S&P 500 fell 1.4 percent, with energy as the worst-performing sector. The Nasdaq composite declined 1.2 percent as a decline in Apple and Alphabet offset a strong gain in Amazon shares.

    "The key for the market today is rising interest rates," said Mike Baele, managing director at U.S. Bank Wealth Management. "The old adage is: 'Bull markets don't die of old age, they are killed by higher interest rates.' That looms large."

    The U.S. economy added 200,000 jobs in January, according to the Bureau of Labor Statistics. Economists polled by Reuters expected growth of 180,000. Wages, meanwhile, rose 2.9 percent on an annualized basis.

    The report sent interest rates higher. The benchmark 10-year yield rose to 2.85 percent on the back of the report, hitting a four-year high. Investors have been jittery about the recent rise in interest rates, worrying they may be rising too fast.

    On Friday, the 30-year yield rose its highest level since March"

    https://www.cnbc.com/2018/02/02/us-futures-move-lower-as-investors-worry-about-rising-yields.html

    This is what happens when you juice a strong economy....
     
  2. AugustaGator

    AugustaGator Junior Member
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    free money coming to an end....finally. Now we can determine if we are making good decisions.
     
    • GMDGator

      GMDGator Slick Willie
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      1095 points this week...
       
    • Detroitgator

      Detroitgator General Factotum
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      And?
       
    • Taco Gratis

      Taco Gratis Often wrong, never in doubt.

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      :panic:
       
      • URGatorBait

        URGatorBait #TeamBrad
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        you forgot the burning couch
        :couch:
         
        • Swamp Donkey

          Swamp Donkey Piehole stuffed douchebag
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          Dow dropping bc we had the highest employment since the Tinpot Dictator's disastrous 8 years?

          :lmao2::lmao2::lmao2:

          0-2% isnt a strong economy. It is in fact the worst eight years ever. No other president failed to even reach 3%....EVER!
           
          • divits

            divits A Muffin of the Studly Variety
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          • Bammer

            Bammer Serving up sh*t sandwiches
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            Next time, Alt W V G please.
             
          • Detroitgator

            Detroitgator General Factotum
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            :lol:
             
          • oxrageous

            oxrageous It's Good to be King
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            GMD, this thread was embarrassing, even for you.
             
          • Taco Gratis

            Taco Gratis Often wrong, never in doubt.

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            MSNBC was in full "J'accuse!" mode at market's opened.

            "DOWN 300! The markets have seen Trump is a fraud! Deficits!"

            Meanwhile Bloomberg pointing out we're nowhere near serious correction territory.
             
          • divits

            divits A Muffin of the Studly Variety
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            Honestly, they would love to see the stock market crash and the economy fail just to get at Trump. You can see it in their eyes and the excitement in their voices. :lol:

            I took some profits a couple weeks ago and hold it in cash. If you don't continually diversify you're playing with fire.
             
            • Taco Gratis

              Taco Gratis Often wrong, never in doubt.

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              Yep. Of course, plenty of folks were happy to pin every little dip in the markets on Obama, too.

              One of the MSNBC commentators did point out the obvious: Prez usually gets too much credit and too much blame for what goes on in the markets.
               
              • divits

                divits A Muffin of the Studly Variety
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                It's bounced back 270 points since the opening! Yayyyyy, Trump! You did it again!
                 
                • Gator Fever

                  Gator Fever Senior Member

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                  The market is so nuts with fed interventions and computer algos doing most of the trading I don't even think it shows reality anymore.

                  The real economy shows how the country is actually doing not these manipulated markets.
                   
                  • itsgr82bag8r

                    itsgr82bag8r Political Forum Fire Starter
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                    :bwahaha:
                     
                  • Okeechobee Joe

                    Okeechobee Joe Lost Ball in High Grass
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                    Trump lives in the head of liberals all the time. Must be annoying as hell to them.
                     
                    • gatordad3

                      gatordad3 You're stewed, buttwad!

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                      I guess another one of GMD's many threads that blows up in his face....

                      again.
                       
                      • GMDGator

                        GMDGator Slick Willie
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                        :dunno: why?
                         

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