European stocks fall 3% at the open as global sell-off continues

cnbc.com ^ | February 6, 2018 | Alexandra Gibbs | Silvia Amaro

[jonose]

The fed raised rates.
Free money for banks ends.
China rebalances holdings of dollars.

[cavador]

Today I kissed my BITCOIN goodbye! My $250 investment is now worth $1! LOL

[Sirius Lee]

The fed raised rates.

Stop trying to interject reason. The chicken littles are panicking and selling. I want them to lose their heads completely so I can buy, buy, buy.

[ncalburt]

Janet threw a hand grenade while walking out the door.

The New Fed Reserve Head better coming out strong today and calm the markets .
Publicly dismiss Janet Y destructive remarks .

WE DONT NEED ANOTHER SESSIONS APPOINTMENT .

[mewzilla]

Do we know anything about yesterday’s volume, who/what was selling, what was being sold? Anyone seen a decent analysis?

[Sirius Lee]

who/what was selling, what was being sold?

https://www.marketwatch.com/story/here-are-the-biggest-losers-among-dow-and-sp-500-stocks-in-mondays-rout-2018-02-05

[mewzilla]

Thanks!

[trebb]

I think that the tax cuts taking effect will have a global impact and it will take a while for investors to find the places they want to take the next ride on...overdue (and overly exuberant) rate hikes added to the opportune moment for the correction - at the beginning of the tax cut because much will change as far as investment opportunities. The bonuses/raise hikes and other things implemented by so many companies was not a mistake - it will all work out and by mid-term time it will be obvious.

[fella]

Soros profit taking.

[Original Lurker]

The Fed *was* the market during the Obama regime.
Who knew pumping trillions and trillion and trillions of “bitcoins” into the economy to cover Obama’s sorry, worthless ass could *potentially* cause issues down the road?

[fella]

I asked my broker what to do and she said ;

“SELL! SELL! SELL!”

Then I asked her what she was going to do and she said ;

“BUY! BUY! BUY!”

[BlueLancer]

“SELL! SELL! SELL!”
“BUY! BUY! BUY!”

[robroys woman]

I’m another one that thinks it’s good for the markets to start paralleling the economy. They were WAY too hot.

[robroys woman]

Up-Down whatever. Due to tax cuts, deregulation and energy production, the future looks bright!

---

My take: The markets went up while the economy went down. I have no problems with the markets going down while the economy goes up.

[caddie]

Yeah, I think (knock on wood) just looking at the last few months' graph of any index or practically any stock, with the retrospectoscope, and you gotta agree that this had to happen. And the degree to which it is happening, if it quits now, is fine.

Now the Sisyphean climb back up in stock prices begins anew.

Overall four things to keep in mind:

1.) Very healthy underlying economic growth in occurring.

2.) Productivity increases over the past three decades mean there is much more growth to happen. By this I mean that the average person has schooled himself (at least) in multiple data entry apps, word processing, spreadsheet, and other utility-type software PLUS the specific software he/she uses in his/her job. That is YUGE and not much recognized as a catalyst for future productivity gains. Dividends from it have yet to be completely realized.

3.) The political climate is strong foreign policy and defense, domestic law and order, AND doing away with regulations as a special focus.

4.) Wide open, sky is the limit energy policy has just begun.

All four add up to a long period of expansion a la Reagan/Bush/Clinton eras. Or even more growth than that.