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 ...
Obama’s third term, and his second recession.
Mob rule means cheap money.
And it gets cheaper every day.
The BiXiden Depression starts.
“worst day in.... a month”!
Oh, for crying out loud.
Worry not, more “stimulus” money on the way.
Biden “won” in fraud “election” and the big companies love him and want to hug him for his new Socialism and New Green Deal restrictions on the way. They’re nuts.
Guess they’re like the BLM kissup virtue signalers and the Starbucks and Nike types who love the “corporate and Federal Government partnership” against the little guys and us.
I thought everything would tank if Biden got close to winning. Not true.
The DOW has not been behaving normally since the election. There’s something significant going on. I believe that we are in for a huge downswing soon. However it will not be a V shaped recovery like with President Trump.
Just print more for people not working and inflation and higher rates and lower stock prices will follow.
Trump led a blockbuster, booming economy. The Dems have come in with their economic wrecking ball working to destroy the gains that we made. And when recession and/or depression ensue, BidenHarris will claim the same thing Obama always claimed, “Don’t blame us! We inherited a mess!” And, the media will, as always, run interference for their absurd lies.
Biden and the Democrat screw worms cheer!
That’s the Biden touch!
“The DOW has not been behaving normally since the election. There’s something significant going on. I believe that we are in for a huge downswing soon. However it will not be a V shaped recovery like with President Trump.”
The insiders are all invested in stocks that are going to make them billions. In my opinion, there is going to be a mass sell off as soon as all quarterly earnings from the major companies are reported. I’m talking about a 4-5 thousand point correction in the Dow.
A couple of my stocks are watchlisted with support levels and as soon as one gets within 10% of the support, I am cashing out.
People (investors and business owners) are unsure what an American economy based on modern monetary policy looks like.
! Oh, for crying out loud.
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Exactly! To put a fine point on how stupid this all is the DOW opened the week at 31381 and closed today at 31402
The DJIA is UP 21 points for the week!
Really hard to believe the headline. A relatively small increase in 10 year bond yields shouldn’t be the reason for the sell-off. Though a lot of the volume in trading is electronic algorithm based so perhaps some of the selling had to do with interest rates, which then feeds into the wider market.
The market has felt very frothy to me for a long time, with many stocks decoupled from reality of growth, earnings growth and earning per share in general. Live by stimulus money die by stimulus money. This next $2 trillion is not going to help the economy much. I’d wager that is a bigger factor in people deciding now is the time to take profits.
Of the major metrics such as producer prices, commodity prices etc everything points to inflation. The question is can we grow the economy faster than inflation? If not, Biden (or Harris) is the next Jimmy Carter. Stagflation.
“I’m talking about a 4-5 thousand point correction in the Dow.”
That amounts to about a 15% correction. If it happens it is not close to being a catastrophe and instead would present a great buying opportunity.
Yes and FWIW the market was far to frothy anyhow. The market and oil had a nice run but it was high time to pull back. Since I don’t pretend to understand the broad markets, I don’t invest, but it seems we are going to get 1.9 trillion in cheap money - that should make its way into gold at least, and maybe the markets. Biden Team is a great ally of cheap money.
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