Welcome Guest [Log In] [Register]
Welcome to Perspectives. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Trump Stock Market Craters
Topic Started: Feb 2 2018, 04:17 PM (122 Views)
La Pasionaria
Member Avatar

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!

:rotflmao: :rotflmao: :rotflmao: :rotflmao: :rotflmao:
Offline Profile Quote Post Goto Top
 
Robertr2000
Member Avatar

These markets are, and have been, in a bubble.



this is the FED's fault.
"if that **** wins we'll all hang from nooses"
Offline Profile Quote Post Goto Top
 
Coast2coast

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? :biggrin:
Or will he just blame President Obama! :lol:




Online Profile Quote Post Goto Top
 
La Pasionaria
Member Avatar

Robertr2000
Feb 2 2018, 04:31 PM
These markets are, and have been, in a bubble.



this is the FED's fault.
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."


Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · MFAB · Next Topic »
Add Reply