Posted on 02/08/2016 7:59:26 AM PST by John W
U.S. stocks tumbled Monday morning to their lowest level in 22 months as a fresh drop in oil prices amid continuing fears of economic slowdown pushed investors to the perceived safety of government bonds and gold.
"Is the market throwing out the baby with the bath water?"said James Meyer, chief investment officer at Tower Bridge Advisors, referring to the "rapid fall in prices for the high flying tech and biotech names that have been leading the market for the past 12 months."
"The former leaders of the previous bull cycle are the ones that get taken to the woodshed in the last phase of the downturn," Meyer said.
(Excerpt) Read more at marketwatch.com ...
At least the job market is solid. /sarc
I tire of the market prostitutes lieing as the why market is correcting.
Can we all say QE ending.
QE drove up stocks and commodity prices with false support. Once it ended the banksters pulled out leaving investors holding the bag.
Dropping quickly now.
Dow down 385.
Yep!
You are a bit optimistic. More like a Dow 6000-7000!
And a recession to make 1929 look like a picnic.
QE 4 is coming.
I guess the market wasn’t impressed with Barry’s victory lap.
I’m sure it is, allow thearket to drop, by back in and ride the wave.
They manipulated it once outright by saying it would end and the market crashed, then those in the know bought back in.
Most who trafe don’t know that some market players can see where the stops are. So they dtive the stock down and buy out the stops.
True, but the big swings are due to the swings in the oil price. So I’ve been told—I’m no expert. Last Wednesday, the market went way up and then way down all before 10:30 in the morning, and this was caused by oil fluctuation.
Not only QE 4, but also probably more ‘stimulus’ and the return of trillion-dollar deficits. This debt will kill us in the long run, but they will try to put off the day of reckoning as long as possible.
I’m making a killing shorting Oil and going Long Nat Gas (got in at historic low)
Buy Dominion. (D)
Everything is a lie now. All numbers published aren’t even accurate...about anything.
It’s the economy, stupid. Now the shoe’s on the other foot.
Must be Bush’s fault, he’s the low energy guy.
Oil was propped up by QE as were all commodities, commodities are the first things they by with QE cash, then stocks.
Shemitah
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