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 ...
Trump is right about the phony recovery, but the FED is doing what it is supposed to be doing.
The FED’s focus by the law that created it, is supposed to be 1) Full Employment, 2) Low inflation, 3) low Interest rates.
It’s not the FED’s fault that we continue to off-shore industries and jobs. That’s Congressional trade policy fault.
I just sold a market shorting EFT this afternoon that I bought at the high 2 weeks ago...
Hate betting against the market, but it is full of smoke and mirrors right now.
How can the Fed raise rates in a great Obama 7.5 year recession???
OBAMA’S Summer of Recovery #8!
The Fed isn’t going to raise interest rates and recreate a credit crisis.
Also, remember that September thru the first half of October is traditionally a time of market dives and instability. The upcoming election compounds that.
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.
^^^^^ THIS + 1
Yep.
Obama doubled the deficit to 20 TRILLION.
Tax and spend liberals, it’s all they know.
Think of someone holding onto a hot air balloon as it rises from the ground, and when they are 10 feet up they could drop and maybe be ok, although they would get a jolt when they hit the ground...then they go 15 feet up...then 20....they might survive now, but its going to hurt. Should they hang on until the balloon goes higher, when they know it will pop eventually? Might be time to let go and take the pain. Or if you are a politician just kick the can down the road...of course.
There might be a way to ease it down...but I doubt the government is smart enough to pull it off.
And the housing and real estate market will finally crash
Take it a step further. We have been living in a phony economy since September of 2000. It was at 4000 in 1988 and leaped up to 6000 consistent with the 1966 high point by 1992. But it skyrocketed up during the Clinton administration to a high of 14,500 in October 1999 right before Bush came into office. It dropped down to just under 10000 by December of 2008 but has gotten completely out of control to current 18,175 as listed by CNN Money.
So, rounding out numbers, the DOW has gone up from 6000 to 18000 in the span of three presidents, Clinton, Bush and Obama. And the only one of the three to drop the DOW was Bush. So during the tine of liberal presidents, the DOW tripled without any reason other than overstocking the system with newly printed money, that cut it’s worth each time it was printed. And that’s what they used to get to the inflated problem across the board.
So what it means is you may be making twice what you did in 1993. And inflation has gone up 67% of which during the Bush administration it went up only 14.43% with 2008 at .08%. Easy to understand. We have lost ground to even during the liberal administrations large.
So, how many lies have the libs been telling us about economy for about 25 years? Most likely a whoe lot more than they will adnmit to on page 110 of the NY Tines.
red
The last one wasn’t pretty. Don’t want to see a repeat of that.
The rates will be raised when Trump gets in to sabotage him. It’ll make the national debt explode and slow the economy badly.<<<
That thought has crossed my mind as well.....
If Trump wins, I’ll be,watching for them to pull that stunt as soon as they can after Inauguration Day..
Full employment?
It never fully crashed and bottom out
The idiots built a bubble on top of a bubble on top another bubble and this time they think it will work
The crash will be worse then the last one
Market calm shattered: Dow closes down almost 400 points on rate fears
http://www.usatoday.com/story/money/markets/2016/09/09/stocks-dow-friday/90114650/
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