Skip to comments.Dow sheds 300 points, Nasdaq plummets 2%; Fed fears loom
Posted on 09/09/2016 11:04:48 AM PDT by mandaladon
U.S. equities traded lower on Friday as concerns the Federal Reserve might raise interest rates this month loomed following a speech made by a Fed official, while eyeing falling oil prices.
"The commentary from a voting member that the Fed may be forced to raise rates is important," said Kim Forrest, senior equity analyst at Fort Pitt Capital. "I think the market needs to understand that there may be a rate hike coming. Whether it's September or December, it doesn't matter big picture."
The Dow Jones industrial average fell more than 300 points lower, with 3M and Boeing contributing the most losses.
"I think this is a good opportunity to take a hard look at your portfolio and maybe preposition as the market trends a bit lower," said Rob Bartenstein, CEO of Kestra Private Wealth Services. "This part of the year historically has 20-to-25 percent more volatility than any other time of the year." He added, however, he thinks stocks should finish the year on a high note.
The S&P 500 fell 1.7 percent, with utilities and telecommunications shedding more than 2.5 percent.
(Excerpt) Read more at cnbc.com ...
Shows that Trump is right about the phony recovery.
translation: Looks like Trump is gonna win. Break glass, pull lever.
anything bad that happens with the economy or terrorism hurts Hillary even more.
We are in the worst economic depression in our country’s history, entirely due to government economic policies.
Nice thing is, Trump’s policies will cross state lines.
Places like California and its dumbass clown of a Gubernor, won’t be able to do a damned thing about it.
That is totally correct. Trump has been adamant about selling the current stock market because of the easy money policy of the Fed.
Obama/Clinton Lie is falling. Gig Time!
Any “economy” thrown into a tizzy when a bureaucrat at the Fed sneezes is not real by any definition.
Jeffrey Lacker, Federal Reserve President of Richmond, newest candidate for Arkanicide.
The only “growth” industry is the one with the contract to write government checks. The rumor is the FED is going to raise interest rates to cool off the economy...ha. The FED is not going to raise rates before the election and sink Hitlery and second, there is no heated economy here now or on the horizon. If they were to raise rates, the deficit would balloon to monumental proportions to boot. The FED, the Treasury and the Congress are now hostage to what has been a massive deficit spending binge making currency worth not much.
Janet Yellen must have read your post : )
shes afraid he will tell the truth about the Fed and educate people about it not being part of the government but really being just a private banking consortium that manipulates world markets every day.
50 posted on 9/9/2016, 10:31:29 AM by uncitizen (Americanism NOT Globalism! - Trump)
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the economy and jobs market stinks for most Americans, the stock market is artificially propped up as the Fed keeps “printing” new currency and gives it to the largest banks to inject it into the economy (think: like the stimulants that big ‘secret service’ medic keeps injecting into Hillliary’s backside to keep her somewhat vertical)
but the big banks mostly just put the $ into the stock market because they’re afraid to lend it to most people or businesses in this extremely poor and risky economy
so the stock prices are high (along with, for different reasons, Clinton and Johnson voters), while most of the rest of American are a depression
Looks like I got my TSP all moved over to the G Fund just in the nick of time. First time that’s ever happened.
My portfolio is pretty light on equities (i.e., stocks), with no more than 16%. I’m 65 and retiring this year so I have a conservative portfolio.
S&P is up 10% for past 12 months and 4-5% this year after this dip.
Job 1, demote the IRS to lower status than good decent loyalist citizens.
Heads should roll. Prison terms should be be handed out.
The rates will be raised when Trump gets in to sabotage him. It’ll make the national debt explode and slow the economy badly. The fed will do great in the process.
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