Dow drops 950 points after the Fed cuts rates, giving back more than half of Monday’s surge

CNBC.Com ^ | Published Mon, Mar 2 20206:02 PM ESTUpdated 10 min ago | Fred Imbert, Jesse Pound, Eustance Huang

[EVO X]

That should have driven the market up................

Buy on the rumor, sell when it is news.

[RummyChick]

Powell was a bad hire.

Very well could be bungled.

The other part to this is the article I posed where one of the Fed guys says there won’t be a cut unless there is a pandemic.

Viola. Cut equals pandemic

[blueunicorn6]

I wonder how CALPERS is doing?

A lot of retired Democrats in that.

[RummyChick]

Tsla just shook off it’s downdraft. That stock is such a viper.

[Revel]

Stealing the interest from peoples saving accounts does not always solve the problem.

[mewzilla]

Or the Fed wants people to think it’s nervous.

[mewzilla]

Public pension funds all over the country are circling the bowl faster.

[Jane Long]

Makes no sense.

That should have driven the market up................

==

That’s what Jerome Powell is saying.

[blueunicorn6]

Oh oh.

[Deo volente]

High speed computer trading run by algorithms are causing these huge market swings.

Stupid, stupid, stupid.

[NELSON111]

It makes sense if you know what drove the market up yesterday in the first place....and what is driving it down.

But if you think that the markets are selling of because PEOPLE are selling - then - yea - it would make no sense.

[mewzilla]

Makes perfect sense.

People are messing with the market.

Notice there are no calls from Congress to investigate, to look at who is selling how much, when, and why.

You’d think Congress might be curious, hmmmm.

That lack of curiosity is telling.

[farming pharmer]

Ah, yet another buying opportunity....

[setter]

All the money managers telling the little people suckers to buy yesterday while selling their stocks.

[Pelham]

“I think the fed tanked the market. “

They tanked the market by cutting rates? You’re breaking new ground with that theory.

[Bubba Ho-Tep]

Or the Fed wants people to think it’s nervous.

President Trump is calling for even deeper cuts.

[mewzilla]

I hate to break it to Deep State.

The one guy you’re hoping to screw by crashing our economy is the one guy I trust to fix what you’re doing.

And I bet I’m not alone.

[NELSON111]

>>>Too many Americans are easy to heard into panic by the msm

IF you think the market going up or down is driven by people getting in our out - you don't understand the markets anymore. You are a relic. 90% of ALL trading in the markets is done by algorithms. Only 10% are actually people selling in a panic or buying because of FOMO.

This is why massive gap-ups are so easy to short. You know the algos are coming in and taking all the FOMO $.

[brownsfan]

Those looking for an exit took the rise as their opportunity to get out.

[Kickass Conservative]

The Democrats wish this was happening in October, not now.

We have eight Months to get through this overblown hysteria.

Bernie will be playing Don’t Fear the Reaper at his Rallies soon enough.