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Recovery fades, stocks lose about 2% as Dow dips 350 again
cnbc.com ^ | October 15, 2014 | Evelyn Cheng

Posted on 10/15/2014 10:08:47 AM PDT by John W

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To: Starboard

Totally agree. Just saying this market was already overvalued even after the 2008 disaster. It is going to take a huge bite to get anywhere near a fair value. You also have to ask if the stock market is rising on inflation, why isn’t copper, oil, gold also rising?


21 posted on 10/15/2014 10:47:35 AM PDT by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
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To: Sam Gamgee

A healthy economy wouldn’t need QE year after year. I wouldn’t be at all surprised to see QE V, or whatever it is, launched in the near future if the economy stays soft and the market continues its slide. Fundamentals in the market no longer matter. All that matters is easy money courtesy of the Fed. That’s what drives the market.

In many respects, the Fed is the market.


22 posted on 10/15/2014 11:02:27 AM PDT by Starboard
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To: dfwgator

In this case they are referring to the recovery earlier today from today’s initial low. Which it has blown past now.


23 posted on 10/15/2014 11:11:06 AM PDT by John W (Autumn of Recovery VI: This Time We're Serious)
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To: John W

Cause that would be the only recovery we’ve had.


24 posted on 10/15/2014 11:14:23 AM PDT by dfwgator (The "Fire Muschamp" tagline is back!)
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To: dfwgator

Amen.


25 posted on 10/15/2014 11:14:54 AM PDT by John W (Autumn of Recovery VI: This Time We're Serious)
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To: Sam Gamgee

Gold is rising today.


26 posted on 10/15/2014 11:21:29 AM PDT by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: Sam Gamgee

Gold is up $8.


27 posted on 10/15/2014 11:22:27 AM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: John W

Turn on the spin cycle. First blame the sequester. Then blame the market downturn in anticipation of a republican majority in congress.


28 posted on 10/15/2014 11:40:43 AM PDT by Organic Panic
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To: John W

There never WAS a recovery to fade.

Obamanomics sucks.


29 posted on 10/15/2014 11:49:56 AM PDT by SoFloFreeper
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To: SoFloFreeper

Oct. 16, 2014 U.S. stock futures are down considerably half an hour ahead of the 9:30 a,.m. ET opening bell. Dow, S&P 500 and Nasdaq indexes are all off about 1.3% or more.

Stock markets in Asia tumbled earlier after Wall Street saw wild swings Wednesday before ending down 173 points.


30 posted on 10/16/2014 6:04:37 AM PDT by John W (Autumn of Recovery VI: This Time We're Serious)
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To: Starboard
eventually reality had to come back to the market

But what about the potential for a "perfect storm"??: fear of disease (and over-reactions), terrorism threat, US consumers "flatlining" because of decreased expendable income.

I doubt the new reality will look anything like the old reality, before the recession.

31 posted on 10/16/2014 6:16:41 AM PDT by grania
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To: grania

I agree with your “perfect storm” view. There are a number of factors driving this market down. IMO it had gone up too long without a healthy correction. Add to that a long list of domestic and geopolitical problems/flashpoints and you have a witches brew of issues generating very strong headwinds for the market.

And you may be right about the new reality. I’m struggling to find any bright spots in our economy but if the Republicans manage to take back the senate in a strong showing we might get some positive market reaction. Also, the price of oil is down and interest rates remain low which are both pluses for the economy.

But on balance, things are not good. The storm will be with us for awhile longer. The country has to somehow survivie two more years of Obamageddon so in the meantime its probably prudent to stick with a low risk, conservative investment profile. Ride out the storm. Just my two cents.


32 posted on 10/16/2014 7:06:21 AM PDT by Starboard
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