DOW TANKING again today,down 162...

[Bengus81]

Last edited Tue Jan 31, 2017, 11:52 AM - Edit history (1)

Drumph better get his billionaire boys club to start buying up something,anything. They can DUMP it a few days from now but ANYTHING to prop up that FAKE Trump rally.

[C_U_L8R]

1. Bannon's nazis may rally to hate

but stock markets sure don't.
Investors know the Trump admin is in turmoil
and has no clue how to run a country.
Hold on, it's gonna get bumpy.

[Warpy]

3. Yeppers, and the usual people who can be counted on to form a PPT

are just as flummoxed as the rest of us. It's going to get very bumpy for a long time.

The market is hyperinflated and other than the phony Trump surge, has been flat for over a year. It's overdue for a stomach churning drop. Whether or not this is it is anyone's guess. However, with this bunch of bumbling Kremlin tools in power, markets will be increasingly nervous over time.

[A HERETIC I AM]

15. How do you figure

THIS is "flat"?

[Warpy]

17. Visualize the rest of the graph, if you can.

It only looks like wide fluctuations (and remember, I said before the artificial Trump pump) when you only see a tiny portion at the top of the graph. Before the pump, it stayed around 18,000+/- 500 for months with one brief attempt at a correction that failed early last year.

To me, that's a market that is essentially flat.

[A HERETIC I AM]

22. Wait....what?

You said;

The market is hyperinflated and other than the phony Trump surge, has been flat for over a year.

On January 29, 2016, the last trading day of the month, the DJIA closed at 16,466. Forgetting the 1500 or so points it is up since Election Day, the 2016 returns on the Dow was ~ 23%

Perhaps you and I define "flat" in a different way

[Wounded Bear]

19. 200 points are only 1%...

and two days do not necessarily a trend make.

However there is a huge student loan bubble out there about to bust. If Repubs start slashing regs soon, I expect a major correction in Trump's first term.

Life's tough, then you elect an asshole President.

[A HERETIC I AM]

23. Thanks for the tutorial

I think I got it

[still_one]

2. That isn't tanking, and neither was yesterday. Since November 9th the DOW has gone up 2000 points

Until that actually starts whittling down, I do not believe the market comprehends just what a serious situation we are in

[Bengus81]

6. 1791 points on a fake PUMP rally.

Till it whittles down? If it loses 120+ points today that will be 10-20% of that gain in just two trading days. The DOW has never gained 2000 points since Trump was selected,it was 1791 at it's max. Now you can shave a couple hundred points of that--that's about 15% in two days. It's down 281 points since last Thursday.

When the SMART money realizes this fake ass rally is over (which I think they have) they'll head for the door toot sweet. The DOW does NOT rise on news that an incoming Pres is going to tax the hell out of companies bringing goods in. Fact is the DOW TANKED the day after he was elected then strangely started a climb. Yeah...after what,son in law ran over to Wall st to let them quietly know that tariff was all BS??

Down 130 points today right now.

[DemocratSinceBirth]

9. You can include this link. That way we can see the action live.

https://www.google.com/webhp?sourceid=chrome-instant&rlz=1C1CHBF_enUS724US724&ion=1&espv=2&ie=UTF-8#q=dow+live

[Bengus81]

11. This link is live,usually Google has to be refreshed...I have it running live on my ST account

But marketwatch has it live...........

http://www.marketwatch.com/investing/index/djia

[DemocratSinceBirth]

12. I am not a market maven but it's hard to see how all this chaos is good for the markets.

How does one plan in the face of such uncertainty?

[Bengus81]

14. It's not easy,especially when retired...

And you have stocks in your 401k or IRA like I do. Mine are in some real conservative type of stocks,so you get less interest per year but much safer.

I've worried about this for a year because this is the year I retire and the last thing I need is my IRA to tank because of a DESPOT like Trump. That rally since Trump was elected was fake as hell but I'm sure a lot bought into the scam. If the economy tanks on massive tax cuts for the rich and his other crack pot ideas people like ME will suffer the most under this regime.

Now DOWN 162 points that the trading day is not that old.

Gawd...how I wanted Clinton to win.....

[TrekLuver]

20. If you are retired or close to it you should not have much if anything in the market...

You should be in the interest account.

[A HERETIC I AM]

24. "The interest account"

I just...


Ummmmm


Wha.....
Errr.....

"The interest account"

Yup. Sound and expert investment allocation advice there, no doubt by a fully qualified financial professional

[A HERETIC I AM]

16. Actually, the fact is that the market was UP on 11/9

By over 256 points.

What DID happen (fact) was there was a big selloff of FUTURES during the night, down at one point by 900, but all that recovered before the open and the Dow finished the day up 256.95, at 18,589.69

So....there is that .......FACT

[Bengus81]

21. Your right,it was the rest of the World that tanked the futures market overnight....

And then started to recover in time for the markets to open here and rise on 11/9.

[PJMcK]

4. Thanks, Obama!

(wink)

[HipChick]

5. Cheeto fingers not twittering to claim..

[Eyeball_Kid]

7. Nice meme, but the percentage of the drop against the average is peanuts.

We're not in "big drop" territory, not by a long shot.

[Achilleaze]

8. Thanks a diaper-load Comrade Casino (IKGOPR*)

* Illegitimate KGOP Regime, Inc.

[DemocratSinceBirth]

10. How can the markets go up if Drumpf is deliberating roiling them?

[Johnny2X2X]

13. Moving some of my investments

Lower risk investments might be prudent, the market is going to be volatile as heck for quite some time. Thinking of moving 50% of my retirement out of the markets and into lower yield and risk assets.

[mnhtnbb]

18. Market is being described as escalator up and quite possibly elevator down.

In other words, get ready for a fast drop.