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uponit7771

(90,359 posts)
2. Yep, 23,500 is a floor ... it breaks through this and the yield curve gets closer to inverse then
Mon Jun 25, 2018, 02:53 PM
Jun 2018

... we're in some leading indicators of a recession coming.

Durable goods, transportation (which is already being hit by fuel prices) are going to be the others to look at.

jmowreader

(50,562 posts)
8. I'm surprised he isn't, to try to make it go down even more bigly
Mon Jun 25, 2018, 03:15 PM
Jun 2018

Strange and possibly stupid question: Does the SEC have a by-name list of people who are shorting stocks, and a list of what they're shorting? I know there's a by-name list of everyone who makes campaign contributions, and who they contribute to. What might be interesting is correlating the list of shorts with the list of Trump donors.

 

demtenjeep

(31,997 posts)
7. hopefully the market recovers before I retire BUT like Bill Maher said maybe this is necessary
Mon Jun 25, 2018, 03:07 PM
Jun 2018

for people to wake up

 

Awsi Dooger

(14,565 posts)
9. Prolonged trade conflict with China might be necessary
Mon Jun 25, 2018, 03:49 PM
Jun 2018

I'm not sure if the stock market bottom line matters as much as story lines regarding the tariffs. If people sense Trump is being unnecessarily stubborn with the tariffs and is on a no-win situation with prices rising on Americans as a result, that could impact his business reputation just enough.

Similar to the Mueller investigation which is going fine but the mere duration of it has caused people to lose patience.

Anyway, I'm glad I sold half my stake in XBI late last week when it reached an all time high. That has already dropped more than 5% from peak. I plan to buy back at some point. But biotech tends to move to extremes so if the trend is downward it will drop more than the market as a block.

The stock indexes have actually recovered somewhat toward the 4 PM close. Now down about 1.4% compared to slightly over 2% at lows. Nasdaq has been the laggard, with technology getting hit hardest.

Latest Discussions»General Discussion»Dow Down over 400!