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White House says it's 'concerned' about stock market drop
CNBC via Reuters ^ | 02/05/2018 | Evelyn Cheng

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: stockmarket; stockmarketplunge; trumpstockmarket; whstockmarket
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To: George from New England

Yet it is still up over 400% from last year and 1000% more than the year before. Some of us aren’t worried.


61 posted on 02/05/2018 12:46:52 PM PST by packrat35 (Pelosi is only on loan to the world from Satan. Hopefully he will soon want his baby killer back)
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To: SeekAndFind

Markets opened a half hour ago and Yahoo finance is down.


62 posted on 02/06/2018 6:24:33 AM PST by robroys woman (So you're not confused, I'm male.)
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To: SeekAndFind

My bad. I forgot they open at 9:30, not 9.


63 posted on 02/06/2018 6:30:20 AM PST by robroys woman (So you're not confused, I'm male.)
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To: robroys woman

Futures were down before opening bell over 200 points. It looks like a huge correction. we are down over 8% for the past 3 days.


64 posted on 02/06/2018 6:40:23 AM PST by SeekAndFind
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To: SeekAndFind

The dow started today down over 500 and it just hit positive territory.


65 posted on 02/06/2018 6:42:17 AM PST by robroys woman (So you're not confused, I'm male.)
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To: robroys woman

RE: The dow started today down over 500 and it just hit positive territory.

It’s NUTS, no rhyme or reason for this....


66 posted on 02/06/2018 6:48:08 AM PST by SeekAndFind
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To: SeekAndFind

Well, there is profit taking and there is buying cheap. :)

It’s getting back to its “normal” trading pattern.


67 posted on 02/06/2018 6:50:54 AM PST by robroys woman (So you're not confused, I'm male.)
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To: Logical me
I firmly believe that the communist Democrats have had this drop planned.

Amazing how they can engineer and execute a $5T global sell off but couldn't find another couple hundred thousand votes for HRC in the key states.

I suppose even Dem evil superpowers have their limits.

68 posted on 02/06/2018 7:07:15 AM PST by semimojo
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To: robroys woman

I’m telling you, it’s useless watching the markets minute by minute. The algos and High Frequencey trading computers are the ones responsible for this.


69 posted on 02/06/2018 7:14:32 AM PST by SeekAndFind
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