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Dow turns positive, erases a 600-point drop
CNBC ^ | December 27, 2018 | Fred Imbert

Posted on 12/27/2018 12:44:05 PM PST by abb

The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge.

The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent.

Earlier in the day, stocks fell amid renewed tensions between China and the United States.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: bubble; djia; dow; market; plungeprotectionteam; ptt; stockmarket; volatility
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To: Mr Ramsbotham
It’s schizoid.

I think the term is "top". Not unusual or "unexpected" given the cyclical nature of the market and the fed's quantitive paining. They could only get away with it in a relatively strong economy, which President Trump's hand at the wheel ensures.

The previous eight years were one long participation trophy awarded by the fed to make homobama feel good about his affirmative action presidency.

41 posted on 12/27/2018 1:44:21 PM PST by Sirius Lee (In God We Trust, In Trump We MAGA)
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To: Mr Ramsbotham

The swamp wants to weaponize the economy against POTUS and destroy MAGA.


42 posted on 12/27/2018 1:49:25 PM PST by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: abb

PPT at work...


43 posted on 12/27/2018 1:51:26 PM PST by mac_truck (aide toi et dieu t'aidera)
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To: RoosterRedux

They’re like a Disney exhibition just for the tourists!


44 posted on 12/27/2018 1:58:02 PM PST by Dr. Ursus
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To: Sirius Lee

[ The previous eight years were one long participation trophy awarded by the fed to make homobama feel good about his affirmative action presidency. ]

That pretty much sums it up.


45 posted on 12/27/2018 1:58:37 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: abb

CNN, Morning Joe, Shep Smith deeply saddened.


46 posted on 12/27/2018 2:00:14 PM PST by SoFloFreeper
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To: EEGator

That and plain stupidity.


47 posted on 12/27/2018 2:00:17 PM PST by Sequoyah101 (It feels like we have exchaged our dreams for survival. We just ha va few days that don't suck.)
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To: _Jim

When the stock market is little more than a Vegas crap shoot there is something terribly wrong.


48 posted on 12/27/2018 2:00:32 PM PST by Bookshelf
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To: conservativepoet

They don’t mean well over there at the Communist News Network.


49 posted on 12/27/2018 2:02:10 PM PST by equaviator
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To: RayChuang88
Actually it's a daytrader’s dream. Down 600 points earlier in the day, ends the day up 100, a 700 point swing. What could be better than that? :)
50 posted on 12/27/2018 2:09:09 PM PST by SmokingJoe
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To: gaijin

She needed more buttons. Then Hillary would have won.


51 posted on 12/27/2018 2:10:38 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: abb

agree ....


52 posted on 12/27/2018 2:27:25 PM PST by Squantos (Be polite, be professional, but have a plan to kill everyone you meet ...)
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To: abb
An ETF I like is YANG. It goes down when the market goes up and up when the market goes down. Day traders who don't like holding it overnight will buy or sell as few as a half dozen shares (sometimes less) just to avoid holding it overnight.

If you aren't greedy, you can pretty much assure yourself of making $20 to $50 per up and down cycle just trading against the Dow in small lots.

Yeah, you will need to have a broker with very small commissions to make this work.

53 posted on 12/27/2018 2:28:49 PM PST by Vigilanteman (The politicized state destroys all aspects of civil society, human kindness and private charity.)
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To: airplaneguy
These wild gyrations are like trying to ride a bull.

Strong young wiry guys make the best bull riders; not muscular linebacker types.

54 posted on 12/27/2018 2:30:45 PM PST by Vigilanteman (The politicized state destroys all aspects of civil society, human kindness and private charity.)
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To: Mr Ramsbotham

China is pressuring a good number of its government-linked companies to sell foreign assets in order to shore up their balance sheets (and perhaps the prices of Chinese assets, both in the stock and property markets). Like Japanese investors back in the early 90’s, these companies may end up repenting at leisure, as foreign assets keep appreciating, while Chinese assets go through a multi-decade crash. Mitsubishi and Panasonic were guilty of malinvestment in their divestment of US assets (Rockefeller Center and Universal Studios (then MCA), respectively. Sony wisely hung on to Columbia Pictures Entertainment and Columbia Records, which have gone from strength to strength, and smoothed out the wild earnings swings of its consumer electronics divisions.


55 posted on 12/27/2018 2:37:39 PM PST by Zhang Fei (They can have my pitbull when they pry his cold dead jaws off my ass.)
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To: Mr Ramsbotham

The FANG stocks are being very heavily scrutinized by more than just the US government right now. Insiders are selling big time.


56 posted on 12/27/2018 2:39:44 PM PST by RinaseaofDs
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To: JLAGRAYFOX

[Democrat rich scum & vermin tried to bust Trump...now they have cold feet.]


I think it’s partly liberal investors panicking. “Thanks to Trump, we’re all gonna die” is probably what they’re thinking thanks to the nutty headlines most of the liberal media are running.


57 posted on 12/27/2018 2:41:44 PM PST by Zhang Fei (They can have my pitbull when they pry his cold dead jaws off my ass.)
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To: abb

War by other means... Remember, many said they would crash the economy if it got rid of Trump


58 posted on 12/27/2018 2:42:20 PM PST by redgolum
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To: abb

So the market is up at least 1100 points in two days


59 posted on 12/27/2018 2:42:55 PM PST by Nifster (II see puppy dogs in the clouds)
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To: Nifster

the market is up at least 1100 points in two days

The market never fails to amaze and confound..

S&P 500
2,488.83
+21.13(+0.86%)

Dow 30
23,138.82
+260.37(+1.14%)

Nasdaq
6,579.49
+25.14(+0.38%)


60 posted on 12/27/2018 2:45:06 PM PST by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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