Posted on 02/05/2018 12:54:55 PM PST by SeekAndFind
The Dow Jones Industrial Average has plunged by nearly 1,500 points in a day of volatile trading that has rattled global markets.
The leading US stock market index is down more than 5.8% at 24,025.33.
It is the worst one day fall in points since September 2008 during the depths of the financial crisis.
The decline extends losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.
Monday's sell-off surpasses a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rejected a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers.
The Dow was closely followed by the wider S&P 500 stock index, down 2.6% and the technology-heavy Nasdaq, down 2%.
London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.
The decline followed months of market increases, which had fuelled concerns that share prices were over valued.
The Dow, which tracks 30 major US companies, has fallen more than 1,000 points over two days of trading.
The Dow dramatic fall marks a turnaround from January, when it raced raced past the 25,000 point and 26,000 point milestones in less than a month.
David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."
(Excerpt) Read more at bbc.com ...
[The timing is TO THE DAY]
Of tje mew Fed Chair? I actually am not sure what you meant there. TIA
[In the end, it’s hard to tell whether Bush losing was bad for the country. He was the DEFINITION of Deep State]
I agree. Perhaps the original or should I say, most-efficient at implementing it.
I also think it’s not a coincidence that GHWB, W, Jeb, Bill Clinton, Hillary and Obama are all buddies and oppose our nationalist President who puts America FIRST instead of the open-borders NWO agenda.
But, that’s just me.
As a matter of fact, the only incidents that I remember without special effort are those that taught me something of definite value to me in my trading; something that added to my store of knowledge of the game-—and of myself!....
I’m thinking the memo release.
“But, that’s just me.”
No, of course, it’s you plus many millions. It’s DAMN SCARY to have an elite class feeling like they’re entitled to run the country, especially when they conspire against the vast majority of Americans - and which threats to send this country on a DEATH SPIRAL (specifically immigration, where even most rank-and-file Democrats want some control over it, not to mention virtually the entire Republican voter base).
OK, gotcha. Thanks.
You’re welcome. It’s almost like they’re sending Republicans a message: “You better back off the Deep State or bad things will happen to the country and you guys will be blamed”
Yeah, definitely.
I do not see America figure prominently in Scripture during the Last Days.
Believe me, I am NOT happy to say that.
No, I do not believe we are Mystery Babylon (though we have many of her traits - especially thanks to Hollywood).
What happens? I haven’t the foggiest.
BUT I WILL SAY I am shocked (meme time) and alarmed that there are SO MANY IDIOTS trying to turn the U.S.A. into some sort of NWO tool (Paris accords, open borders) including a few who have sat in the Presidency.
25 years ago, I didn’t think their efforts would come to much.
Now I see a whole generation of idiots, that don’t know what America once was, basically un-churched and humanistic, who embrace Communism, Socialism, and embrace the lies of Obama, Hillary and Bernie with absolutely no ability to recognize the extreme dangers.
Frankly, I never thought I’d see days like this in America.
O.K., end of my rant.
I believe the Democrats and their operatives are well-primed for a False Flag. Sounds like Adam Schiff was giving the dog whistle.
Any chance that is on purpose to destabilize TRUMP? Yellen didn't help matters with her "overvalued" last words today.
[ It’s DAMN SCARY to have an elite class feeling like they’re entitled to run the country, especially when they conspire against the vast majority of Americans - and which threats to send this country on a DEATH SPIRAL ]
IOW, I agree 100%. In case that wasn’t obvious. ;)
Agree .....
People will read all of the lies as to why the markets turned down sharply. It’s all lies. Here is a probable real reason: The Democrats pulled every string possible to manipulate our markets down for leverage in dealing with Trump on the budget deal coming up Feb. 8. Guess the pundits all conveniently forgot about that.
Closer to the truth than most anyone realizes.
You may be right, you may be wrong...but, you're way in deep over your head grammatically. Or, your way in deep over you're head grammatically. Aw, skip it.
The key phrase is, "...the Fed had the market's back during the Obama administration.
I would say increasing it at 14x its low under Obama is pretty significant
http://www.macrotrends.net/2015/fed-funds-rate-historical-chart
It is 14 times higher than it was under Obama
http://www.macrotrends.net/2015/fed-funds-rate-historical-chart
14x higher? it was at 0% and now it is 1.42%. that is like 1420% higher
oh hell it was .1%
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