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MARKET RALLY EVAPORATES: Here's What You Need To Know (Dow Down 205)
BI ^
| 8-25-2015
| Myles Udland
Posted on 08/25/2015 1:32:19 PM PDT by blam
Myles Udland
August 25, 2015
Stocks had another brutal day on Tuesday, closing in the red after a furious rally early in the day was completely erased in the final hour of trading.
On Tuesday morning, the Dow was up as many as 420 points in a big bounce after Monday's 588-point loss. The S&P 500 and Nasdaq were also up nearly 3% early on Tuesday.
The market, however, couldn't hold onto its gains in a disappointing close, and when all was said and done, the Dow finished about 600 points off its highs while the S&P had its biggest one-day reversal since the height of the financial crisis in October 2008. And in just the last week, the S&P 500 is down almost 11%.
First, the scoreboard:
Dow: 15,666.44, -204.9, (-1.3%)
S&P 500: 1,867.62, -25.6, (-1.3%)
Nasdaq: 4,506.49, -19.8, (-0.4%)
(snip)
(Excerpt) Read more at businessinsider.com ...
TOPICS: News/Current Events
KEYWORDS: economy; investing; markets; stockmarket; stocks
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To: SoFloFreeper
And Bambi’s preparing for an 11-day “climate change” tour.
Have we ever had a president more out of touch with reality? But not a peep from the media in criticism.
21
posted on
08/25/2015 2:11:30 PM PDT
by
Deo volente
(God willing, America shall survive this Obamanation.)
To: Deo volente
And Bambis preparing for an 11-day climate change tour. Have they've blamed their climate change con-job for the stock market yet?
22
posted on
08/25/2015 2:45:00 PM PDT
by
dragnet2
(Diversion and evasion are tools of deceit)
To: blam
I was reading an article earlier today about how the rural midwestern areas are being depleted of people, particularly the coal and timber counties. Some coal counties are down 38% in population and they’re all concerned about tax revenue. And they blamed the crash in coal on an increase in fracking. You just have to laugh.
23
posted on
08/25/2015 2:45:57 PM PDT
by
ponygirl
(An Appeal to Heaven.)
To: blam
Hmmm... maybe time for some tax loss harvesting.
I only have one taxable account fund with a loss, but I could sell that and put the money into a similar, but different fund. That loss would help offset the large capital gain I had earlier this year.
Opportunities!
24
posted on
08/25/2015 2:47:01 PM PDT
by
ConstantSkeptic
(Be careful about preconceptions)
To: blam
I know zilch about the street but when a stock dives to a low early in the morning and closes 10 dollars higher then the gamblers are going to play until they get creamed or tired of making money. On Monday I was listening to the radio wishing I had a 100 grand I didn’t care about.
25
posted on
08/25/2015 2:48:22 PM PDT
by
TalBlack
(Evil doesn't have a day job...)
To: Kartographer
Seven summers now of Brobamas recovery, I dont see how we survive an 8th.
My tag line and I agree with that sentiment and have for several years. We are in the calm before the storm. The bad guys know they have time, but their time is short. We will be at war before he leaves.
26
posted on
08/25/2015 3:22:32 PM PDT
by
cuban leaf
(The US will not survive the obama presidency. The world may not either.)
To: VRW Conspirator
tomorrow... news at 11:00
27
posted on
08/25/2015 3:39:54 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
To: blam; familyop; Kartographer
Rich Barry, floor governor at The New York Stock Exchange, wrote in an afternoon email to Business Insider that Tuesday's afternoon rally was about two things: China and Goldman Sachs. After Chinese markets closed on Tuesday, the People's Bank of China, China's central bank, moved to cut interest rates and reserve requirements, giving a final boost to stock futures that had already been gaining overnight. Goldman Sachs, meanwhile, circulated a note to clients reiterating the firm's call that the US does not appear headed for recession. But again, these gains couldn't hold. This is what is so infuriating.
Goldmach Sachs spams traders with an e-mail that says everything in ObamaLand is hunky dory, and that is supposed to turn the Titanic around?
Give.
Me.
A.
Break.
Goldman Sachs might as well be the Obama/Clinton/DNC headquarters building.
These are the same robots that lead us into this bubble. And everytime Obama's BLS liars put out ficiticious "jobs reports" that told us that hundreds of thousands of new "jobs were just created", the market reacted with slavish devotion and wet kisses.
28
posted on
08/25/2015 4:33:20 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
29
posted on
08/25/2015 6:19:37 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: familyop
30
posted on
08/25/2015 6:23:18 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
Here's a comment of mine from 2009. The costs mentioned for a firearm are much higher now, but remember where technical skills reside (not with the following).
==========================
From
Going Great Guns, (
Forbes, David Serchuk, 04.23.09, 04:00 PM EDT)
"
Forbes: I was in Colorado, and I knew people who had 200, 300 guns. And they'd stash them in various hidden places around their compound. This wasn't all that uncommon out west."
One fair to middlin' firearm with accessories and enough ammo to train moderately for a couple of years can easily cost a couple thousand dollars. Imagine the costs of doing that with hundreds of firearms.
31
posted on
08/25/2015 6:29:31 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: SkyPilot
Futures have been running near even but with quite a bit of activity, as if the indexes are being stalked by some presence intent on moderating them.
32
posted on
08/25/2015 7:00:32 PM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: SkyPilot
33
posted on
08/26/2015 12:31:26 AM PDT
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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