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Dow tumbles 650 points to new low on day, bringing 2-day losses to more than 1,400 points
CNBC ^ | 10/11/2018 | Fred Imbert

Posted on 10/11/2018 11:57:57 AM PDT by BradtotheBone

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To: Regulator

Be a lot of good deals out there.

****************

I picked up some shares of a high quality stock that rarely sells at less than a premium valuation. I’ve been waiting for a moment like this for quite awhile.


21 posted on 10/11/2018 12:13:28 PM PDT by Starboard
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To: BradtotheBone

Didn’t this happen 9 months ago..similar, first day was like a 1500 point drop, second day still a drop, than eventually went back to normal..its a common thing that is why I stay away from the Stock Market, some good days, some bad days, its just leveling things off


22 posted on 10/11/2018 12:13:44 PM PDT by Sarah Barracuda
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To: Wuli

All of which was and are inevitable results of the Fed trying to reverse its monetary easing policies post-2008.

****************

The Fed has been a little too aggressive in their projections of rate hikes in my opinion. They seemed a bit too anxious to normalize rates. They should have been more measured in their comments.


23 posted on 10/11/2018 12:16:55 PM PDT by Starboard
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To: BradtotheBone

Time to buy, maybe about Tuesday next week.


24 posted on 10/11/2018 12:18:33 PM PDT by DaxtonBrown
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To: BradtotheBone
To put in perspective, Dow Jones is around 26,500 so a drop of 1,400 points represents around a 5% drop.

In 1929, the Dow Jones dropped from around 360 to 230, a drop of 130 points. But that was nearly a 40% drop.

25 posted on 10/11/2018 12:18:50 PM PDT by SamAdams76 ( If you are offended by what I have to say here then you can blame your parents for raising a wuss)
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To: BradtotheBone

The communists Democrats, who control the Feds, have crashed the market with rising interest rates. Getting ready for setting up the communists rioting Democrats for November. And they just might make it since the rats have found a way to swing votes.


26 posted on 10/11/2018 12:18:57 PM PDT by Logical me
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To: BradtotheBone

As of 3:19 pm, the Dow was down 290, not 650 from opening. We will see what happens, but I bought X.


27 posted on 10/11/2018 12:21:01 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: rfp1234

Precious metals are on the rise

Guns and Ammo ?


28 posted on 10/11/2018 12:21:08 PM PDT by al baby (Hi Mom Hi Dad)
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To: Sarah Barracuda

Would that little storm on the East coast have any effect on the market?


29 posted on 10/11/2018 12:21:34 PM PDT by Mark (Celebrities... is there anything they do not know? -Homer Simpson)
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To: JoSixChip

What a bunch of chickens you all are.


30 posted on 10/11/2018 12:22:10 PM PDT by Williams (Stop tolerating the intolerant.)
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To: Starboard

Wonder how many for the Fed board members shorted the market?


31 posted on 10/11/2018 12:23:04 PM PDT by damper99 (pu)
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To: BradtotheBone

Wonder if Obumbles will still try to take credit...


32 posted on 10/11/2018 12:23:44 PM PDT by bc42875
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To: BradtotheBone

Has CALPERS started reducing retirement payments?


33 posted on 10/11/2018 12:26:09 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: BradtotheBone

Get ready for further drops before the election


34 posted on 10/11/2018 12:26:27 PM PDT by redgolum
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To: al baby

“Precious metals are on the rise

Guns and Ammo ?”

My Ruger stock is the only gain for me so far today.


35 posted on 10/11/2018 12:27:22 PM PDT by chrisinoc
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To: Mark

Probably..so I think this is a big overreaction, it will settle down might take a few days but it will happen


36 posted on 10/11/2018 12:27:49 PM PDT by Sarah Barracuda
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To: redgolum
Get ready for further drops before the election

Will bringing the DOW down be the last "October Surprise" or is there more coming?

37 posted on 10/11/2018 12:29:06 PM PDT by Iron Munro (If Illegals Voted Republican 66 Million Democrats Would Be Screaming "Build The Wall !")
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To: BradtotheBone

Now is the time to BUY!


38 posted on 10/11/2018 12:32:51 PM PDT by fortheDeclaration
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To: BradtotheBone

Scared of A DEM Congress.


39 posted on 10/11/2018 12:33:57 PM PDT by 1Old Pro
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To: BradtotheBone

A lot of undisciplined investing out there... soon as a negative comment about the economy goes public, the lemmings run for the cliff.


40 posted on 10/11/2018 12:34:11 PM PDT by ScottinVA (Liberals, piss off. That is all.)
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