Posted on 10/11/2018 8:51:29 PM PDT by TECTopcat
Massive Stock Market Sell off triggered by one sell program?: I'm not one for conspiracy theories and the fact is that for over 100 years, every massive selloff has been an opportunity to buy. The trick is when. (I think/HOPE Friday or Monday will be start of up tick-) But a continuing stock market decline would be very bad for any Republicans in midterms, I know some of you don't follow the market but it is linked to success or failure of those in party e.g . Obama would never have won 1st term (he was trailing McCain in all polls until financial crisis and resulting stock market decline) and the recent Kavanaugh hearings have shown us the the Lefties will do ANYTHING to gain power.
So I saw this notice from a financial newsletter that is generally pro Trump and just wondered if more is going on than we know: "Bob Pisani of CNBC said that around 2:30 p.m. an enormous sell program hit the market. Enormous was his word. We looked at the intraday chart and the Dow lost 300 points between 2:30 and 2:45. As Bob said, "They don't send out press releases.".
A 5% drop? Buy and hold large companies that pay dividends and you dont have to worry about day to day volatility. *yawn*
China has the ability to manipulate US interest rates and therefore the US Stock Market by selling US treasuries. Just sayin’ . . .
Combined with the fed tightening money just before the midterm . . .
Futures up 274, key will be to watch and see if it sticks. Tape will be scrutinized by many today to see if any single large sell orders of yesterday’s magnitude come through.
The earnings season is upon us and Wells Fargo came through like Mr October after revenue topped expectations. The market is expected to see earnings growth for the quarter top 20% which is pretty strong and should counter recession talk. keeping powder dry
Time to bring Rosenstein in in handcuffs and start dropping those sealed indictments we’ve been hearing about. Wanna play high-stakes poker, let’s double down.
But he is not one for conspiracy theories. He said so himself.
US banks except for USB or WF. AMZN or EPD.
Thank you!
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