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 ...
“The feds have been furiously increasing rates after flat lining them to near zero under Obama. Yellen’s work to undo Trump. The same was done during the Reagan years and leas eventually to Bush Sr losing the elections”
I don’t really agree with your history, but I do agree that what you say is certainly possible now.
Back then, Volker spiked interest rates under Carter, kept them high under Reagan, but lowered them a bunch under Bush Sr (I remember that vividly because I was convinced that the economy would soar and allow his re-election...and the economy did do well). But it didn’t help Bush, the meme of the worst economy in past 50 years was ROCK-SOLID - he never had a chance at re-election with the complete brainwashing of the country.
In the end, it’s hard to tell whether Bush losing was bad for the country. He was the DEFINITION of Deep State (along with his kid) and none of the work Trump was doing would have had a prayer under him.
You are 1 year old at FR. Make it a good year.
Wrong.... I was here from 1999-2015, then left on my own. I just changed my ID. Are you threatening me?
http://richglare.com/rothschild-family-networth-money/
You are taking each individual out of context, when these people act as group. Two figures keep coming up in research, even though they try to hide their actual wealth....$500 trillion and $700 trillion.
Am I threatening you?
Are you threatening me?
Post a coherent thought and don’t tell me the Rothschild family is worth 500 Trillion.
Your an idiot.
Keep posting please.
Reading comprehension requires you read it all, not just what you agree with...you missed this quote:
” Gaylon Ross Sr, author of Who’s Who of the Global Elite, was apparently told in 1998 that the combined wealth of the Rockefeller family was approx $11 trillion and the Rothschilds $100 trillion…what might that figure have reached 17 years later? One can hardly begin to imagine, but maybe money isn’t the most important thing to your average trillionaire, anyway… “
No matter which research article you read, the $$$Trillions are enough to control a stock market manipulation! NO REPLY WANTED.
Reading comprehension requires you read it all, not just what you agree with...you missed this quote:
” Gaylon Ross Sr, author of Who’s Who of the Global Elite, was apparently told in 1998 that the combined wealth of the Rockefeller family was approx $11 trillion and the Rothschilds $100 trillion…what might that figure have reached 17 years later? One can hardly begin to imagine, but maybe money isn’t the most important thing to your average trillionaire, anyway… “
No matter which research article you read, the $$$Trillions are enough to control a stock market manipulation! NO REPLY WANTED.
Those Freepers who were paying attention to my comments on posts about the rising stock market since November-December 2016, know that I personally did not “buy high”.
They - many of them - wanted to give all credit to the rise in the DOW, S&P and Nasdaq indexes to Trump and not other possible causes. To me it was not a thing of trying to rain on the “Trump parade”. It was about market fundamentals. Now what will be their reasons for the big drop?
The market history of the average P/E ratios has been a better indicator than “expectations” at any point in time.
On the other hand this drop this early in the year could be a good thing; for a number of reasons. Start with a big correction and the rest of the year may more than just recover, if the economy does not go into recession.
And, while having nothing to do with any cause at all, there has been a correlation between who wins the Super Bowl and the stock market performance for the year. In the years the Super Bowl was won by a former NFC team, like the Eagles, the stock market performance was extremely positive for the year, but not so in years it was won by a former American Football League team, like the Patriots. Go figure.
After the war Ssters of the Sacred heart of jesus arrived into the home and from 1985 this castle was made as one of the Luxury Hotel even today it serves as hotel only
Deep State Dems own this stock tumble. Shame on them. Grrr. They do not care who suffers.
lol....enjoy the last word, the article was clear.
Dump your stock. Now is a good time.
The article was trash and not even accomplished spell check.
You can do better.
The stock market has been a house of cards for years now. A total crash is bound to happen. Trump should just stay silent when the market is up, because it is only going to come down again.
I always thought Bush Sr was connected to that group of NWO...since he brought it up during his Presidency.
I think this memo/dossier has exposed a whole group of people, who are NOT interested in free America and seem like Obama, who is sold out to NWO.
The real question is how did they amass that much money, unless they manipulated the many crashes, and bought low until next big numbers...and did it again? We may never know.
I stepped away from my desk for a bit and came back and saw that action. Wow! Right now, Dow futures are down about another 500 points. We’ll see in the morning, but at some point the big money is going to come back and buy on the relatively cheap. In the meantime, I’m staying mostly short, just holding a few long positions (those that held up better than most).
Interest rates are not going up by themselves. I've been saying for a long time the politicized federal reserve has been increasing interests rates to crash the stock market and to then crash the economy and then hurt or help destroy Trump.
The federal reserve kept interest rates near zero for all of Obama’s term. And then start raising them as soon as Trump gets in .
Interest rates increase so the bond market does better. The bond and stock markets are opposite each other.
“The feds have been furiously increasing rates after flat lining them to near zero under Obama. Yellen’s work to undo Trump. The same was done during the Reagan years and leas eventually to Bush Sr losing the election”
Bingo! I’ve been saying the same thing.
The Fed are political and leftists
Janet Yellon raises interest rates on her last day & the market tanks...
The Fed has been furiously Interest raising rates since Trump got in office.
The fed kept interest rates near zero for all of Obama’s term.
The Fed are part of the establishment and leftist goons as are the FBI etc.
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