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 ...
Dow drop is the DEEP STATE warning The Donald?? Who knows.
Yup. The puppetmasters in Davos, pleased, are not.
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?
I’m sure Soros made a bundle off the losses
Exactly..the market is balancing itself off..anyone can see that..it was way too high to begin with so its correcting itself
What YOU said!
Yes could be sabotage to hurt Trump because Trump has been bragging about the rising Dow....so is vulnerable when the Dow drops.
“...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.
yep! Trumps bragging and hooting about the Dow has made him vulnerable.
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.
Everytime he bragged on the stock market I cringed.
“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?
Seriously. Some people need to take a deep breath. The wide eyed conspiracy kooks here are embarrassing
And this bull market was one of the biggest in history ...in the top three. So it may hurt a bit.
“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.
“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.
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.
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
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.
“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?
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.