Posted on 02/05/2018 10:10:59 AM PST by SeekAndFind
The White House said Monday it is worried about the U.S. stock market sell-off.
"We're always concerned when the market loses any value, but we're also confident in the economy's fundamentals," an official said in a statement to CNBC.
The Dow Jones industrial average briefly fell more than 300 points Monday morning and the S&P 500 traded about 0.75 percent lower, extending last week's plunge.
President Donald Trump has touted the strong stock market performance since his election win and has yet to deal with a significant market pullback. The Dow is up more than 30 percent since the election.
(Excerpt) Read more at cnbc.com ...
Couldn’t agree more.
Of course it is.
Couldn't agree more and higher interest rates have been blamed for this down turn and doubtless if the Fed still has more than two brain cells they will raise them even faster than previously announced. IMO they should have never been as low as they were as I am a student of ripping the bandage off fast burns out the inefficient and promotes faster healing.
But I wonder if it's more that now the economy is firing on all 8 if the Fed will start unwinding their absolutely atrocious balance sheet. If they're ever going to do it now is the time.
All in all some big down numbers but as a percentage it ain't 1987. In fact over the next couple of days I expect to do some shopping.
Was going to post a vanity thread as such. DJT has more enemies in New York than in DC (for now anyway). As that list grows longer, suspect the unsuspected. I wouldn’t put it past the deep staters to try to collude with wall streeters to purposely tank the market. Not anywhere near out of bounds of possibility!
Eh... I disagree. People within 5 years of retirement, shouldn’t be in the market anyway and should be conservative in their investments. People out more than 5 years have time to recover from a correction that has been overdue for a while. Trump is bringing back manufacturing and cutting coporate taxes which benefit the economy.
What official? Where office do they work in?
Sorry, this is a not a reliable comment from an "official". News organizations have done this to themselves (have viewers/readers question un-named sources) due to shoddy journalism.
“the only place where everyone goes running OUT when there’s a sale”
According to my old mentor, at the time the oldest working stockbroker in the country (Leonard Talbot, who turned me on to Ludwig Von Mises and dollar cost averaging when I was about 15, God rest his [very wealthy] soul).
Dollar cost average into a fund that tracks the DJIA... almost impossible to lose money over any reasonable (decade plus) amount of time.
RE: Dollar cost average into a fund that tracks the DJIA... almost impossible to lose money over any reasonable (decade plus) amount of time.
Depends on your age. I’m not sure if DCA worked if you were above 60 in say 2000 or 2008.... You would probably have had to postpone retirement then.
I notice that the number “8” is bad luck ( ironically, the Chinese love this number ). we had a crash in 2008, now it’s 2018...
this
Could there be intentional sabotage of the markets?
Hmm
2008 anyone
The why do so now. Why wouldn’t that have been done earlier to undermine him OR closer to the mid-terms where it would hurt him more?
All will be well as long as we have Trump yanking strings.
Actually, it’s been longer than 8 years. It goes back to the Clinton days. But yes, you’re correct, it will impact the debt level and interest/principal ratio. Maybe Trump will strategically bankrupt us. He’s done it before with his companies.
Media cannot even tell the truth in two consecutive sentences. The word was CONCERNED. The lead sentence turns it to WORRIED.
Liars.
I think it’s just a correction. And corrections can be and usually are a good thing. When the Fed prints so much money, a lot of it goes into the stock market and bids up stocks. That’s not a good thing. It would be better if the money went into the economy than into the stock market. But it takes time to find ways to use newly created money in the economy at large, so it gets parked temporarily in the stock market. Eventually, the investors decide to sell, and that is when the money moves out of the stock market and into the economy at large. In the process, stock prices are bid down. Eventually, though, things stabilize, and they start to go up as new investors who are looking for an entry point instead of an exit point enter the market.
The old saw is sell on the news, and the news is the the economy has strengthened and rising interest rates create a strong headwind.
markets are reacting after the jobs report..this is a “true” economy now, not the smoke and mirrors of the last 8 years. All that printed money is out there, so naturally when it “truly” expands, fears of inflation are real. Especially the jump in wages..now is a good time to sell before the “brakes” are tapped to control inflation fears...
It’s a high risk move. The walls are closing in and it’s scorched earth time.
The market doesn’t like uncertainty. That’s all.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.