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Dow Jones index tumbles nearly 1,500 points
BBC ^ | 02/05/2018

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 ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: dowjones; stockmarket; stockmarketplunge; triplechess
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To: SeekAndFind

Dow drop is the DEEP STATE warning The Donald?? Who knows.


61 posted on 02/05/2018 1:34:42 PM PST by dennisw (The strong take from the weak, but the smart take from the strong)
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To: gr8eman

Yup. The puppetmasters in Davos, pleased, are not.


62 posted on 02/05/2018 1:34:46 PM PST by Buckeye McFrog
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To: <1/1,000,000th%
“Looks like Soros & Buffett want to mess with Trump.”
_____________________

Not just them....

...The markets have always been MANIPULATED, the establishment is using another weapon against the President which GOD has given us to defend our country against total the Satanically inspired New World Order... .....(how did that occult pyramid get on the back of the dollar bill?

63 posted on 02/05/2018 1:34:58 PM PST by Trump_vs_Evil_Witch (Meuller, Comey, Wray, Strock, Rosenstein,......co-conspirators to Obstruct Justice & treason)
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To: SeekAndFind

I’m sure Soros made a bundle off the losses


64 posted on 02/05/2018 1:35:04 PM PST by HollyB
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To: BunnySlippers

Exactly..the market is balancing itself off..anyone can see that..it was way too high to begin with so its correcting itself


65 posted on 02/05/2018 1:36:21 PM PST by Sarah Barracuda
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To: gaijin

What YOU said!


66 posted on 02/05/2018 1:36:27 PM PST by faucetman (Ju"st the facts, ma'am, Just the facts)
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To: Trump_vs_Evil_Witch

Yes could be sabotage to hurt Trump because Trump has been bragging about the rising Dow....so is vulnerable when the Dow drops.


67 posted on 02/05/2018 1:36:44 PM PST by dennisw (The strong take from the weak, but the smart take from the strong)
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To: DarthVader

“...Such political motivations need to be punished by this administration and severely....”
Absolutely. Yellin was odongo’s FED beotch. She should have been slowly raising rates as the market dictated. Instead, she deliberately kept them low to protect odongo’s administration. Then, once Trump became POTUS, she went all out to do everything she could to disrupt the markets, including her recent BS actions & statements.
What would be interesting to see is how many of these FED POSs bought PUTS against the market prior to announcing the interest rate increase and talking the markets down. IF they did, they need to be in jail for insider trading.


68 posted on 02/05/2018 1:37:11 PM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: gaijin

yep! Trumps bragging and hooting about the Dow has made him vulnerable.


69 posted on 02/05/2018 1:37:59 PM PST by dennisw (The strong take from the weak, but the smart take from the strong)
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To: RooRoobird20

I’ve been trading for 40+ years ... but then, it is my occupation.

But look at all the comments on this page by people who want to know why it happened. It happens because we, by natural, get greedy. I got a feeling a few weeks ago but told myself I’d go a little longer ... and I got caught today!

It’s human natural to want to squeeze it out till the end.

But it happened [for those who are still wonder] ... because Bull Markets ARE ALWAYS followed by a correction.


70 posted on 02/05/2018 1:38:13 PM PST by BunnySlippers (I love Bull Markets!)
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To: gaijin

Everytime he bragged on the stock market I cringed.


71 posted on 02/05/2018 1:38:34 PM PST by Terry Mross (Liver spots And blood thinners..)
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To: Trump_vs_Evil_Witch

“how did that occult pyramid get on the back of the dollar bill?”

And how does the Treasury Secretary have all that time to put his autograph on every piece of paper currency?


72 posted on 02/05/2018 1:38:46 PM PST by Joe Dallas
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To: Joe Dallas

Seriously. Some people need to take a deep breath. The wide eyed conspiracy kooks here are embarrassing


73 posted on 02/05/2018 1:38:56 PM PST by Mom MD ( .)
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To: Sarah Barracuda

And this bull market was one of the biggest in history ...in the top three. So it may hurt a bit.


74 posted on 02/05/2018 1:39:39 PM PST by BunnySlippers (I love Bull Markets!)
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To: Skywise

“My 401k isn’t faring so well at the moment...”

Mine isn’t either. In fact, my 401k looks more like a 201k.
But, the only ones that get hurt on a roller coaster are those that jump off so I’m hanging in there, and will use what’s left in cash side to maybe pick up some good buys once it settles out.


75 posted on 02/05/2018 1:39:45 PM PST by lgjhn23 (It's easy to be liberal when you're dumber than a box of rocks.)
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To: Trump_vs_Evil_Witch

“The establishment is clearly sabotaging the stock market in order to destroy President Trump’s strongest weapon..”

That was the first thing I thought of. Soros. Cronies of Greenspan. Seems orchestrated.


76 posted on 02/05/2018 1:41:05 PM PST by MayflowerMadam (Have an A-1 day.)
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To: dennisw

They better have a lot more than this, as long as you think it is a coup.

The market is set to sky-rocket. The current value of the entire portfolio is 25 Trillion.

That will buy you a hamburger on Tuesday.


77 posted on 02/05/2018 1:42:08 PM PST by eyedigress ((Old storm chaser from the west))
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To: lgjhn23

The question is how does your 401k look compared to a year ago? Likely still higher than it was then. 2008 really turned my 401k into a 201k but it still came back and looks pretty good right now. Take a deep breath for pity sakes


78 posted on 02/05/2018 1:42:44 PM PST by Mom MD ( .)
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To: gaijin

Regarding your statement “Trump should not have boasted about the stock market” - maybe consider the positives:

Because the stock market only rose in 2017 the MSM spent a year telling their audience that only rich people benefit, not regular voters. That the stock market is for rich people only - a lie. They purposely omitted 401K’s etc. Today the MSM is struggling to explain how Trump hurt the rich /sarcasm. The MSM cannot explain why regular voters should care about the stock market after telling them it does not affect them when the DOW does well.

My point - Trump’s boasting is always honest and the MSM’s reaction is always dishonest. In the end Trump always wins. Those uncomfortable with gregariousness and boasting might feel more at ease if they focus on the underlying message instead.


79 posted on 02/05/2018 1:42:58 PM PST by Moe-Patrick (If you're not part of the solution, you're part of the problem.)
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To: MayflowerMadam

“That was the first thing I thought of. Soros. Cronies of Greenspan. Seems orchestrated.”

How exactly can two decrepit old men orchestrate a market sell off?


80 posted on 02/05/2018 1:43:06 PM PST by Joe Dallas
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