Amazing...wonder why? Could it be the Ukraine situation. No other recent news events have had any effect on the markets. Maybe the big boys just decided it was time to dump stuff. Seems to always happen over a weekend so people have time to start getting real worried. :)
To: MeneMeneTekelUpharsin
I hear Russia banks raised their rates earlier today
2 posted on
03/02/2014 3:54:06 PM PST by
SevenofNine
(We are Freepers, all your media bases belong to us ,resistance is futile)
To: MeneMeneTekelUpharsin
3 posted on
03/02/2014 3:58:44 PM PST by
PGalt
To: MeneMeneTekelUpharsin
S&P500 will probably drop to about 1800 just on profit taking; what happens after that is anybody’s guess. The market is in the stratosphere, but it generally has to go up until the last short finally gives in, and then it tanks—and it has to tank sometime in the next year or so, corporate earnings are not going to be sustainable in the present political environment. (NB: don’t invest on the basis of my harebrained speculation here :> )
4 posted on
03/02/2014 3:58:47 PM PST by
chajin
("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
To: MeneMeneTekelUpharsin; expat_panama
I don’t think 120 points is panic time.
5 posted on
03/02/2014 4:01:50 PM PST by
Lurkina.n.Learnin
(This is not just stupid, we're talking Democrat stupid here.)
To: MeneMeneTekelUpharsin
Of course it is Ukraine. They didn’t drop suddenly , they just opened for trading. If the Dow is not off 100 points I’d be surprised. Remember that it takes over 160 Dow Points just to move 1%.
10 posted on
03/02/2014 4:13:21 PM PST by
LRoggy
(Peter's Son's Business)
To: MeneMeneTekelUpharsin
11 posted on
03/02/2014 4:14:14 PM PST by
gaijin
To: MeneMeneTekelUpharsin
Obama/Hitlery/Lurch effect.
Yellen too.
To: MeneMeneTekelUpharsin
Market tanked on CHINA PMI last time...number released Friday night lower than last time.
To: MeneMeneTekelUpharsin
These days, a 120-point move is nothing traumatic, especially after a weekend. Resetting to adjust to new situations which came up after the close Friday. And yes, it’s mostly about Ukraine.
Crude oil is up almost $2 (or 2%); gold is up 16 (1.1%).
Tokyo stocks off 2%; other Asian/Aussie stocks off 0.5 to 1.5%.
“Risk off” seems the order of the day, but no panic at this point.
22 posted on
03/02/2014 4:35:33 PM PST by
southernnorthcarolina
("The power to tax is the power to destroy." -- Chief Justice John Marshall, 1819)
To: MeneMeneTekelUpharsin
28 posted on
03/02/2014 5:38:34 PM PST by
Secret Agent Man
(Gone Galt; Not averse to Going Bronson.)
To: MeneMeneTekelUpharsin
29 posted on
03/02/2014 5:39:35 PM PST by
bmwcyle
(People who do not study history are destine to believe really ignorant statements.)
To: MeneMeneTekelUpharsin
Down 125 points is a fraction of one percent. The Russian markets are of 10 percent already. Who's sweating Putin's actions more?
Link
To: MeneMeneTekelUpharsin
Is it because of the Oscars? Because Jennifer Lawrence tripped for the SECOND year in a row?!!?
Do I really need a sarc tag?
39 posted on
03/03/2014 4:42:13 AM PST by
SW6906
(6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
To: MeneMeneTekelUpharsin
Maybe Putin shut down that gas pipeline to Eastern Europe. John Kerry isn’t going to be happy about that.
42 posted on
03/03/2014 4:51:18 AM PST by
McGruff
(Every night has it's dawn.)
To: MeneMeneTekelUpharsin
Perhaps because Obama is about to start WWIII over something that doesn’t even concern him.
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