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| Trump Stock Market Craters | |
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| Tweet Topic Started: Feb 2 2018, 04:17 PM (122 Views) | |
| La Pasionaria | Feb 2 2018, 04:17 PM Post #1 |
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Oh well, I guess the stock markets aren't immune to larger socio-political concerns, over the past five days the major market indices have cratered. Dow off 1000 points+ NASDAQ off 252 points+ S&P off too Look at any technical chart and you see the market is rolling over. Renaissance Hedge Fund Sees ‘Significant’ Risk of Correction https://www.bloomberg.com/news/articles/2018-01-30/renaissance-hedge-fund-sees-significant-risk-of-correction "Renaissance Technologies, the world’s most profitable hedge fund, said there’s a “significant" risk of a correction in prices and is preparing for possible market turbulence. While accelerating global growth, corporate tax reform and a business-friendly administration in the U.S. have contributed to market gains, it’s not clear these factors justify current valuations, especially in light of sovereign debt levels, Ed Hubner, the quant firm’s head of risk control, wrote in a December letter sent to clients this month. The best global economic growth in seven years has helped stoke a multi-year rally in stocks. The current S&P 500 Index’s price-to-earnings ratio of about 18.6, compared with about 11 in 2011, may be justified if volatility remains low and 30-year bonds hold below 3 percent, Hubner wrote in the letter seen by Bloomberg. Maybe coal stocks will rally and bail out the market! |
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| Robertr2000 | Feb 2 2018, 04:31 PM Post #2 |
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These markets are, and have been, in a bubble. this is the FED's fault. |
| "if that **** wins we'll all hang from nooses" | |
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| Coast2coast | Feb 2 2018, 04:56 PM Post #3 |
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One day reaction to the rise in rates as I understand it. One day can be signal or mean nothing. Remains to be seen. I think it will come back. But - will the President make a statement via Twitter and brag today? Or will he just blame President Obama! |
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| La Pasionaria | Feb 2 2018, 08:28 PM Post #4 |
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Ah, blaming someone else. Rumor has it that Trump say's it's Trudeau's fault! Dow plunges 666 points -- worst day since Brexit http://cnnmon.ie/2E7oC62 "The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis. A strong jobs report showed wage growth is finally starting to pick up. That's great news for workers, but it reinforced investors' concern about inflation and the bond market. "It's all about rates. Asset prices and the economy have become addicted to low rates," said Peter Boockvar, chief investment officer at the Bleakley Financial Group. "Sentiment got euphoric. There is more froth that needs to be taken off." The sell-off knocked the Dow well below 26,000. Both the Dow and S&P 500 suffered their biggest weekly drops since early 2016 -- roughly 4% each. Political turmoil is adding to the uncertainty. Market analysts pointed to the clash between the Trump administration and the FBI as another concern." |
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