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Dow drops below 15,000
CNNMoney ^ | 6/5/2013 | Hibah Yousuf

Posted on 06/05/2013 1:31:48 PM PDT by Signalman

Edited on 06/05/2013 3:23:56 PM PDT by Admin Moderator. [history]

Persistent worries about the slowing economy and when the Federal Reserve will start tapering its bond buying program had investors on edge again Wednesday.

U.S. stocks fell sharply, extending the previous day's slide, after major global markets also ended in the red.


(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: djia; markets

1 posted on 06/05/2013 1:31:48 PM PDT by Signalman
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To: Signalman

Proof that the only thing that’s been propping up this market is Bernanke’s funny money. Once that stops, look out below.


2 posted on 06/05/2013 1:33:00 PM PDT by Signalman
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To: Signalman

Thanks to the most evil regime in history, our investments are doomed. Sell off and watch this Obozo administration tank!


3 posted on 06/05/2013 1:38:27 PM PDT by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: Signalman

Well, Obama has stated that we shouldn’t worry about the daily gyrations of the stock market. Along with that, I guess we shouldn’t look to the market as any sort of leading economic indicator.


4 posted on 06/05/2013 1:38:54 PM PDT by Dilbert San Diego
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To: Signalman

and that 15,000 won’t purchase anything near it did when it first hit 10 years ago


5 posted on 06/05/2013 1:44:29 PM PDT by mosesdapoet (Serious contribution pause.Please continue onto meaningless venting no one reads.)
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To: Signalman
[Proof that the only thing that’s been propping up this market is Bernanke’s funny money.]

I'd like to see some Congressional committee subpoena Bernanke’s emails. He seems to have more power, than any other individual, to move the market. That makes him the ultimate insider and potentially worth billions to Obama’s circle of favored one-percenters.

6 posted on 06/05/2013 1:44:33 PM PDT by Brad from Tennessee (A politician can't give you anything he hasn't first stolen from you.)
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To: Signalman

If an economy is based primarily on its central bank printing money, axiomatically, you are just a bubble waiting to burst.


7 posted on 06/05/2013 1:46:49 PM PDT by fhayek
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To: Signalman


8 posted on 06/05/2013 1:51:28 PM PDT by thackney (life is fragile, handle with prayer)
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To: fhayek

I hope not as I am into the market big time.... Do I take all the gains and sell out to pay the heavy tax of 23.5%


9 posted on 06/05/2013 1:52:08 PM PDT by ncfool (Obama's aMeriKa 2012 can we make it until 2016?)
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To: ncfool

I probably have close to 100,000 at this point. Isn’t there some deal with a market crash “insurance” that you can buy ?


10 posted on 06/05/2013 2:14:33 PM PDT by erlayman
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To: Signalman

When the DOW hit 15,000, there were shouts of joy - finally 0bama had turned the economy around.
So logically, then, when it goes below 15,000, there should be cries of woe.


11 posted on 06/05/2013 2:15:03 PM PDT by I want the USA back (Pi$$ed off yet?)
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To: ncfool

If you’re in a position to sell call options, that’s a good alternative to just cashing out.

I’m on record here in the past week saying that I think the top is in.


12 posted on 06/05/2013 2:17:13 PM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: Signalman
"Dow drops below 15,000"

Oil and Fuel Continue High Through Summer, Tourism Still Dead


13 posted on 06/05/2013 2:33:57 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: Signalman

Tingles just said the Market is wonderful for Bam-Bam.

Who knew?


14 posted on 06/05/2013 2:53:00 PM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: ncfool

Value is more than ‘money’. I wish you the best and I wouldn’t take market advice from strangers on the internet. I think it is overbought now. Everybody seems to be skittish about whether or not the Fed will keep pumping money into the system. You can pump gallons of adrenaline into Frankenstein’s monster. He will twitch and convulse. But he will NOT be healthy.


15 posted on 06/05/2013 3:45:03 PM PDT by fhayek
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To: erlayman
Isn’t there some deal with a market crash “insurance” that you can buy?

In fact, yes. They are called "bear" or "inverse" mutual funds, and they are designed to go up when the market goes down. Some are leveraged x2 or x3, which means they are designed to move double or triple opposite the market.

So if the market drops 5%, a x3 inverse fund would rise (roughly) 15%.

But if the market rises 5%, a x3 inverse fund would lose 15%.

I'm no expert on these inverse funds, but I think they work best for the short-term only. Like, for example, if you want to sell your stocks two years from now, but you're afraid of a market crash in the meantime.

Profunds has a wide range of inverse funds. www.profunds.com

16 posted on 06/05/2013 3:59:13 PM PDT by Leaning Right
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To: familyop

Gas to $4.26 here in Northeast Indiana today. Over 4 didn’t do the economy any good in mid-2008.


17 posted on 06/05/2013 4:02:33 PM PDT by John W (Viva Cristo Rey!)
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To: ncfool

I hope not as I am into the market big time.... Do I take all the gains and sell out to pay the heavy tax of 23.5%

NO WAY! Stay in. The stock market is the best investment you can do (besides a house). Listen, people always seem to buy high and sell low. That is the WRONG way to do it. Stay in and enjoy the ride.


18 posted on 06/05/2013 4:14:20 PM PDT by napscoordinator (Santorum-Bachmann 2016 for the future of the Country!)
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To: napscoordinator

I moved everything to the income fund a month ago. My company’s income fund is all insurance and such, no bonds. I may buy a little back in when it goes way down, which it most certainly will. Maybe bozos handlers will get mad at him as the market tanks and retire him.


19 posted on 06/05/2013 6:45:43 PM PDT by kneehurts
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