Posted on 02/25/2021 1:32:01 PM PST by cann
U.S. stock benchmarks on Thursday booked their worst selloff in weeks as a steady rise in government debt upended the market's bullish posture. The Dow Jones Industrial Average DJIA, -1.75% fell by about 560 points, or 1.8%, to 31,402, to mark its worst day since Jan. 29. the S&P 500 index SPX, -2.45% closed 2.4% lower at 3,831, while the Nasdaq Composite Index COMP, -3.52%, the most sensitive to rising yields, ended the session down 3.5% to 13,119
(Excerpt) Read more at marketwatch.com ...
I think more importantly there was a sharp increase in the 10 year. That is far more concerning than the stock market.
When the rates start going up the government will be paralyzed with interest payments on the debt.
The Fed is between a rock and a hard place. There are not a lot of rabbits left in their hat.
I think a lot of it is the return of Yellen-PTSD. Just hearing that crone yap is enough to make you lose sleep.
Bidenvilles coming to a neighborhood near you.
Welcome to the B Administration, financial shipwreck all around!
Too true. The bottom is about to fall out. Of course, you know they’ll still blame Trump......
The day it became clear that the Deep State “won” the election I put all my funds in Money Market! Hah!...but why is gold down?
And when is that?
Actually it gets more expensive every day. Have you been watching the bond market. Interest rates (tied to 10y treasuries) have been climbing every day. Interest on the debt will be a bigger item within the budget...and we can’t default on the debt.
And what about the NASDAQ?
I put money in right before the election. 2 days ago seeing what’s happening I pulled everything out. 8K IN 4 months. Not a bad few months work. I’ll be back in a few months when the bottom falls out:-)
The people were promised $2,000 checks months ago. Most of them have probably spent it already.
The Biden Crash
Late next quarter. That will screw up any vacation planning and destroy what’s left of shore communities and businesses there.
Welcome to the the presidency of old china joe. It is going to get a lot worse before Trump is reelected and makes it right again.
The Dow has gone straight up since the pandemic correction except when it was forced down before the election. Perhaps a continuous uptrend in the face of uncertainty is not "normal", but barring a resurgence of the pandemic I think it continue upward.
More like a continuous M shaped decline under Biden (I refuse to call him president, only President Trump is worthy of the title). The downswings will be worse than any small upswings; the economy won't recover. Biden can't spend his way out of the problems.
There's plenty of silver to buy. You just need to spend $5 to $7 over spot. If you want eagles, those are $15 over spot retail.
>>The DOW has not been behaving normally since the election. There’s something significant going on.<<
Tarp, QE 1,2,3...The markets have been propped up for years. Back in March, the Dow tanked to around 18K+ from 30K and rebounded within days.
I don’t trust the markets...at all. The lil guy gonna get burned.
It’s the triple digit swings, gyrating as it is that causes concern form me. That and trading sideways just like the Obozo days just screams stagnation.
I usually laugh at the explanations “experts” give for the market’s ups and downs.
This expert says that today’s downturn is because Biden has dementia and everyone clearly sees it. Also, the honeymoon is over after 36 days. Taxes will be raised, unemployment will continue to be high, and gas prices are up.
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