Posted on 09/09/2016 2:17:42 PM PDT by GilGil
"I think this might be the beginning of a correction," said Chuck Self, CIO of iSectors. "When you look at the sectors, it's a decently broad decline." He added that Monday "could be a pretty ugly day as well" since stocks were on track to end the week on a negative note.
"Intraday support has been violated, which increases risk of downside follow-through today. We believe September will be characterized by a healthy pullback, true to its seasonal influences," Katie Stockton, chief technical strategist at BTIG, said in a note to clients.
(Excerpt) Read more at cnbc.com ...
I figured they would with a new president. Can’t do that to Obama.
Why not?
Don't kick off before November 9th. You're about to lose that bet with yourself.
Dunno. I read it the exact opposite way to.
I think that Wall Street sees that Trump is coming, and that their game is about to be fundamentally reformed, so they're getting out with all the greenbacks they can hoard.
He’s Obama right? Mr. Cronyism for the stock market.
I don’t think most betting people think Trump will win.
Trump is going to inherit a mess. The children in charge really had party.
Obama appointed the Fed Gov. who started talking about raising rates~that the Fed needs to do this at next meeting. Markets were not expecting a rate hike until December. This Fed governor is considered dovish...so to say need to raise rates is big deal.
The market futures were down 100 before trading began...never good sign and the markets just kept going down all day. Not political motivation that I could see.
That comment says more about your mindset, than it does about betting people.
Why do think Trump will lose?
Trump and I are simpatico about this subject. I posted an article.
"Trump: The Fed Keeping Interest Rates Artificially Low So The Economy Doesn't Go Down (Video)
Real Clear Politics ^ | September 6, 2016 | Tim Hains "
Oh I agree that the Fed is politically posturing for Hillz by keeping rates low...Altho the yacking by fed governors did not help with that mission.
The MARKETS are not...
Fed and markets are different animals.
Except this time the President is a Democrat, and Trump isn’t a Senator....or a RINO p****.
“...We believe September will be characterized by a healthy pullback, true to its seasonal influences,...”
Translation: Nobody believes the BS income statements, labor statistics and political economic fantasy anymore!!!!
I know. FED set interest rates at zero or close to it benefits the stock market. Money essentially close to free money. I see that the FED fund rate today is 1/2%.
To quote Trump from the article I linked to above, “When rates are low like this it’s hard not to have a good stock market”.
Just about the same time last year we experienced a pretty sizable pull back.
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