Posted on 10/24/2018 1:33:18 PM PDT by ChicagoConservative27
Stocks are closing sharply lower on Wall Street, led by a swoon in technology companies.
The S&P 500 and the Dow Jones Industrial Average erased their gains for the year.
High-flying companies like Netflix and Amazon took some of the biggest losses Wednesday. Netflix gave back 9.4 percent and Amazon dropped 5.9 percent.
Several companies sustained heavy drops after reporting disappointing results. Texas Instruments, a major chipmaker, slumped 8.2 percent and AT&T fell 8.1 percent.
The technology-heavy Nasdaq composite is now 12.3 percent below its August peak.
The S&P 500 index fell 84 points, or 3.1 percent, to 2,656.
(Excerpt) Read more at nypost.com ...
Deep state’s manipulating the market before the election.
Russia
Horseface Daniels
Weather manipulation/hurricane in Gulf
Kavanaugh
Release of Fauxcohontas’s DNA reading
Foreign invasion
Pipe bombs
In the meantime, the red tsunami just gets larger and the Democrats look more and more like Elmer Fudd to the Republican’s Bugs Bunny.
Bingo! We have a winner! Anyone who can't see Soros's fingerprints all over this is either blind or lying.
Bet it won’t do that again...
If I wanted to cause a market downturn I would time specific sales, specific shorts, and specific electronic trading to coincide with another planned event - like sending fake/crude bombs. I would to know who made big trades, sold, or shorted securities today and recently.
I’m in no equities funds while I wait for them to go down. I’m about 40% in long term treasuries. I expect the S&P 500 to go down to about 2100, which would be about a 30% drop from its all time high.
I don’t know why I’m laughing, I own lots of stocks!
There is a history of attempted manipulation, yes.
Be careful,
Ben Shapiro might call you Deranged for thinking that.
if you do not sell, you do not lose
We’ve gone through these things before, it always goes back up in due time.
I’m just waiting for my deposit to clear and then I’ll buy.
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I’ll buy as long as the fundamentals are good, the valuation is attractive, and the dividend stream appears to be safe. The object of the game is to buy quality companies at the lowest prices possible. If you do that there’s no need to sweat the periodic downturns and corrections.
Buying Opportunities!
Bet it goes up a couple of a hundred points tomorrow.
I don’t think its “manipulation” as much as it is worry over policy changes. For example, remember all the big downturns at the end of two-term presidencies (dot com bubble bursting at the end of Clinton, mortgage melt down at the end of Bush Jr., flash crash in the 7th year of Reagan)? As an investor, my theory is that invetors don’t know the ground rules for new people coming into the gubment positions, and sometimes who the new people will be. So when the stock market is at crazy highs, just about any catalyst will bring it down (i.e. mortgage fears, trading algorithms). Often the stock market is at crazy highs when we haven’t had much turnover in gubment positions (because investors know what the game rules are).
IMHO, the Fed keeping the interest rates low during the Obama years (well below what they were when he was elected) is what kept the stock market from crashing at the end of his terms...prolonging the inevitable. That Trump has kept the market going up instead of crashing when it “should” is truly remarkable...with the Fed raising rates willy nilly ever since Trump was elected.
That’s why I’m out of all of my equities funds except for international value (they already went way down). My investments are spread out in money markets, long and short term corporate bonds, short term treasuries, and about 40% in long term treasuries. I pretty much am sitting back and waiting for each asset class of equities to go down. For example, I probably won’t get back into my large-cap funds until the S&P 500 drops to around 2050 (about a 30% drop from its all time high).
A market downturn now isn’t going to impact the election. That could only happen over a much longer period of time with a general economic downturn or banking system upheaval. Corrections don’t turn elections.
I don’t know why I’m laughing, I own lots of stocks!
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If you own quality companies that were bought at reasonable valuations you can laugh.
China quit pumping up their stock market and quit buying treasuries to meddle in the election.
Seriously.
oops
The Stock Market is always for the long haul.
We imposed tariffs on China and their stock market crashed and they are panicking. I never thought we’d win the trade war, or that winning would look like this.
Buy the company not the price but I always research the company.
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