Posted on 09/20/2021 4:16:57 AM PDT by MeneMeneTekelUpharsin
The major U.S. stock index futures are trading sharply lower early Monday following last week’s dismal performance. The sell-off looks like investor liquidation with a slew of reasons likely fueling the move. Investors are definitely climbing the wall of worry ahead of the two-day Fed meeting on Tuesday and Wednesday.
However, there are other factors weighing on the trade including China, supply chain issues, debt ceiling negotiations and the infrastructure/tax bill to name a few. Investors are no doubt reacting to the continuing weakness in Hong Kong and shares of China’s Evergrande Group. At 03:31 GMT, the benchmark S&P 500 Index futures are trading 4387.00, down 34.75 or -0.79%. The blue chip Dow Jones Industrial Average futures are at 34125.00, 337.00 or -0.98% and the technology-based NASDAQ Composite Index futures are trading 15233.25, down 92.75 or -0.61%.
(Excerpt) Read more at finance.yahoo.com ...
If the Afghanistan outrage didn't make the market turn down, then Evergrande having problems certainly didn't do it. If the vaccine mandate which WILL severely harm business didn't make the market turn down, then Evergrande wasn't the reason. Apparently, some really big boys got out over the past 3-4 business days, so NOW it is time to see other folks lose a lot of money so the big boys can buy back in cheaply.
A more valid reason might be that Gabby Petito's body has been found.... No charge for telling folks what is really going on and the Federal Reserve is behind it all.
It’s getting near the end of the quarter.
Could that have something to do with it...?
Just checked.
All the European markets are down a percentage point or two at the moment.
The financial mass media talks about “investors” but they are Unicorns these days.
Most of the big money is big pension funds doubling down on the insane risks they have already taken, and hoping the Fed will bail them out by keeping the market bouncing along.
The world economy is on LSD these days, and is way too weird for that thing called “investing”....
I wasn't anticipating a steep drop. I just had a lot of gains over the years that I wanted to protect so I could re-allocate the funds differently.
What would Afghanistan have to do with the world financial markets in a great degree? It’s a poor county and even mineral extraction will take a sizable financial investment.
Since people vote their pocketbooks instead of considering what is right or wrong, the Democrats are going to have to do something to prop things up. A major downturn would mess them up in the midterms so much that they couldn't cheat enough to overcome it. How can they blame Trump for a downturn now? Maybe the violence at the J6 rally caused this? Man, I don't know.
The posting was SARCASTIC. There is no real reason for a market downturn now that didn't exist a year ago. Someone or some group BIG decided it was time NOW, that's all.
“Wall of Worry”. You can do better than that yahoo.
You got that right. Let's sit back and watch the financial news media outlie Biden and company.
Dow futures down -641 now.
The Dow and Nasdaq have nearly doubled in value under Trump policies, and they are at their peak values now, and our government is looking more like a Venezuelan dictatorship.
The roller coaster ride up fueled with freedom and capitalism is now staring at the Marxist plunge.
They stole the election and stolen elections have consequences.
If investors were “climbing the wall of worry” the futures would be up. I always thought “the wall of worry” was a phrase to describe a market that goes higher despite troublesome news.
Nah...no consequences for leftists any more.
They’re worried the $3 Trillion isn’t coming their way?
Futures down -687. Get on the roller coaster!
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