Posted on 02/05/2018 12:54:55 PM PST by SeekAndFind
The Dow Jones Industrial Average has plunged by nearly 1,500 points in a day of volatile trading that has rattled global markets.
The leading US stock market index is down more than 5.8% at 24,025.33.
It is the worst one day fall in points since September 2008 during the depths of the financial crisis.
The decline extends losses on Friday, when strong wage growth data raised the prospect of accelerated interest rate rises.
Monday's sell-off surpasses a 777.68 points drop on the Dow Jones on 29 September 2008 when Congress rejected a $700bn bank bailout plan following the collapse of US investment bank Lehman Brothers.
The Dow was closely followed by the wider S&P 500 stock index, down 2.6% and the technology-heavy Nasdaq, down 2%.
London's main share index, the FTSE 100, closed down 1.46% while earlier, the biggest markets in Asia fell between 1% and 2.5%.
The decline followed months of market increases, which had fuelled concerns that share prices were over valued.
The Dow, which tracks 30 major US companies, has fallen more than 1,000 points over two days of trading.
The Dow dramatic fall marks a turnaround from January, when it raced raced past the 25,000 point and 26,000 point milestones in less than a month.
David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking."
(Excerpt) Read more at bbc.com ...
Well markets are up and down...well see if Hannity’s guest is correct.
Good luck!
And I’m jealous on the retired part....
Not even close. Wall Street could care less about Soros.
hey some article online by the moronic media had this as the headline BIGGEST DROP IN HISTORY along with “how to survive in a possible up-coming recession”
I see they left is now trying a NEW tactic
https://www.marketwatch.com/story/is-the-stock-market-overpriced-2017-01-03
This is OK with low interest rates, but the interest rate just jumped due to the predicted growth rate of 3% +
I agree...I think there were a lot of automatic sells hit, and that had an impact. We forget how truly huge this market is now. Good economic news, market pissed- low interest rates aren’t forever, no matter what Obamsoros wants.
I will say this. If people are stupid enough to sell their 401 on a dip, they really should just stuff it in a mattress.
“He starts a trend.”
Who would follow Soros and why would Soros want to sell off and lose money?
“* AKA, destroying the normal yield curve so they could spend like their is no tommorrow and stick it Seniors needing yield which forced them to look at Dividend Paying Stocks?”
Seniors were getting screwed by low interest rates going back to Clinton. One thing about seniors, they don’t like risky investments or risky anything. Higher interest rates for them is a good thing, but the stock market doesn’t like it, as we’ve just seen. Devalued currency is a good thing for exporters, but bad for everybody else.
If I short a stock and then start a run on it by selling stock I hold I can make more money than whatever I stand to lose on my original investment.
Soros does this for a living.
http://www.breitbart.com/london/2016/06/09/soros-shorts-europe-america/
“Soros does this for a living.”
Oh, so you are saying that George Soros is involved in some kind of scheme in the Stock Market to make trades (buying and selling equities) in order to make money?
Rothchilds alone worth $500 TRILLION!
Wow! They are worth more than half the world.
That’s quite remarkable. More than Caesar whom God spoke of.
A link to that bull-shiite might help you.
“Rothchilds alone worth $500 TRILLION!”
No.
https://www.quora.com/Who-are-the-Rothschilds-and-why-are-they-so-important
As a family in total, and they are richest in world...Forbes richest families is NOT close, the richest are never mentioned.
“The deep state is going down and is going to bring EVERYTHING down with them.”
The timing is TO THE DAY - makes me wonder also./
The richest Rothschild today is probably Nat Rothschild, a financier with an estimated networth of $1.4 billion in 2011.
To say the family owns the bond market shows that your paragraph comprehension is seriously lacking.
Know that David Rockefeller died at 101, a confirmed communist. Look at list of those who control NWO....pics/names, it is enlightening. ‘
Give it up and read your own link.
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