Stocks, Dollar Fall Amid Turmoil in Washington

[question everything]

Source: WSJ

Stocks, the U.S. dollar and government bond yields fell as a turbulent week in Washington raised doubts about the Trump administration’s ability to deliver on its agenda.

In one of the clearest signs that investors’ confidence is waning, a closely watched measure of the dollar’s value was on track to give back its postelection gains Wednesday.

Stocks fell around the world. The Dow Jones Industrial Average lost 207 points, or 1%, to 20773 shortly after the opening bell, while the S&P 500 fell 0.9%, and the Nasdaq Composite lost 1.1%. The Stoxx Europe 600 shed 0.9% and Japan’s Nikkei Stock Average posted its biggest daily drop since mid-April.

Investors piled into assets they perceive as havens, sending gold up 1.6% to $1,256 an ounce, and the yield on the benchmark 10-year Treasury note down to 2.250%, according to Tradeweb, from 2.329% Tuesday. Yields fall as bond prices rise.


Read more: https://www.wsj.com/articles/falling-u-s-dollar-pressures-stocks-in-japan-1494990962

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Not surprising, really. DOW is now down 234

[Bernardo de La Paz]

1. The Trump Slump will erase all of the tRump Bump and more. . . . nt

[DetlefK]

2. Remember: Trump is only responsible if the stock-market goes up. Not if it goes down.

[jpak]

3. But we are winning a beautiful victory

Right?

[dalton99a]

5. Very, very beautiful.

[BumRushDaShow]

10. A Tremendous victory

All that winning makes America Russia great again bigly.

[Javaman]

4. down is up...

the era of the tRump effect upon reality.

[dalton99a]

6. Obama did it

[Wellstone ruled]

7. Your comment has already popped on Bloomberg minutes ago.

This will be the talking point,count on it.

[central scrutinizer]

8. Glad I got out of the stock market last week

And rolled everything into an IRA at my local credit union. Really low rate of return but I can't lose anything.

[Dream Girl]

11. I did the same back in early March. Parking it all until summer when I will reevaluate...

I've been wondering if I made the right move, maybe so.

[central scrutinizer]

12. I'm 67 and retired

My tolerance for risk is zero.

[mnhtnbb]

14. I just turned 66 in March and I got out following the election.

So, I missed a little ride, but I have to protect capital at this point.

I did, however, just last week add to a gold fund--only thing I kept when I sold everything in November.
I also bought some 3 month and 6 month CD's.

I think we'll see Trump gone before summer is out. And the market will finally take a BIG correction.

[WinkyDink]

21. Same here, verbatim.

[WinkyDink]

22. There are funds with guaranteed rates of return, much higher than a bank's or

credit union's.

Trans-America, e. g., isn't going to collapse if Trump does.

[IronLionZion]

9. Not sure treasury bonds are safe at this time either.

We're all going to get Trumped. And they'll claim it's Obama's fault.

[WinkyDink]

23. Trump is not the Federal Government.

[Javaman]

13. and here will be the basis of him getting impeached..

the wealthy losing money, threaten gop senators and reps with no funding unless they get rid of the jackass.

the slow witted gop senators and reps will have a 4 watt light bulb off off in their heads "not get money, that bad".

and while it will be a slow wind up, you will sudden hear the chorus of right wing morons shouting for the orange menaces head.

[PoindexterOglethorpe]

15. Message deleted by DU the Administrators

[Bernardo de La Paz]

16. Worst day for S&P 500 since September. . . . nt

[burrowowl]

17. Would that he bankrupt the

Wall Street Casino!

[WinkyDink]

20. You have no Mutual Funds? No IRA? No 401K?

[burrowowl]

29. No never could afford them

and real pensions were sabotaged by Raygun. I know 2 people who were wiped out by stock market crashes and one whose 401K is less than what he has invested.
Wall street has to be regulated to stop being a casino and based on reality and not robbery. I know some people in France during WWII lived on the gold jewelry to survive by selling it but Cartier and stuff like that is almost 24K and not 14 or 18K like here.

[NotMyFuhrer]

18. I am suprised it took so long. The reason is . . . OLIGOPOLY!!!!!!!!!!!!!

What we have in the Stock Market and the US Economy is an OLIGOPOLY. In other words . . . Apple, Amazon, Walmart, Home Depot, Verizon, Staples, the Pharma Industry, the AIRLINE industry, the commercial Real Estate industry, the Beer industry ARE ALL CONTROLLED BY A FEW LARGE ENTITIES!!! They are doing OK!

The lack of government intervention, the lack of oversight, the allowing of Mergers and Acquisitions . . . has now concentrated MONIOPLY like (ie: OILIGOPOLY) power into the hands of few players. This is in almost ALL industries!!!! Think about it!!!!

What have we allowed to happen?

The stock market is doing OK . . . but how about the consumer, competition, and eventually . . . the economy itself will suffer! Once trade wars break out!

An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). We have now various forms of collusion which reduce competition and lead to higher prices for consumers.

[WinkyDink]

19. Great. Now Trump's treason will ruin my retirement accounts.

[nada]

24. I wouldn't worry yet - still up 15% since a year ago.

[ProfessorGAC]

25. First Paragraph Is Nonsense

This nothing to do with "deliver on its agenda".

It has do do with the fact that they see storm clouds on the horizon. The analysts and investors weren't roiling up value because of any agenda items, other than tax cuts. And the tax cuts were never going to be what was promised.

The real concern is consumer confidence here and abroad as this thing goes more and more sideways. Investors don't like uncertainty.

[RKP5637]

26. Exactly, lots of uncertainty in uncharted areas with the turmoil of this administration and

world effects.

[ProfessorGAC]

27. Edited

Had to re-write the whole thing because i read the first word of your post as "actually", not "exactly".

These analysts don't care about the stupid wall, they don't care about repealing ACA, they don't care about gutting the EPA. They were "hoping" for a highly business friendly climate, but with this level of chaos, they ain't having it.

[RKP5637]

28. Yep!!! n/t

[onenote]

30. More than half of Wednesday loss recovered Thurs andFri

For the week the Dow was down less than one half of one percent.

Investors aren't bailing out probably because they see the possibility that if Trump goes pence stays.