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Wed Apr 5, 2017, 04:37 PM

Notice the big drop in the markets today

after the president was on the tv. Dropped about 200 points before close and another 60 already in after hours trading. Hmmm.

6 replies, 4687 views

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Reply Notice the big drop in the markets today (Original post)
safeinOhio Apr 2017 OP
Wellstone ruled Apr 2017 #1
safeinOhio Apr 2017 #2
Wellstone ruled Apr 2017 #3
ColemanMaskell Apr 2017 #4
Yonnie3 Apr 2017 #5
PoindexterOglethorpe Apr 2017 #6

Response to safeinOhio (Original post)

Wed Apr 5, 2017, 04:53 PM

1. No Tax Deal for the Mega Wealthy.

Why do you think Diamond was at Trumps Door on Money. We can not trust the Jobs Numbers because Trump said he was going to juice the numbers.

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Response to Wellstone ruled (Reply #1)

Wed Apr 5, 2017, 05:00 PM

2. I think they are worried about the future no unemployment

due to reinstatement of the draft.

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Response to safeinOhio (Reply #2)

Wed Apr 5, 2017, 05:28 PM

3. That is so

Nixsonian. Oh how they worked that sucker.

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Response to safeinOhio (Original post)

Wed Apr 5, 2017, 06:25 PM

4. It is on Reuters now.

They are blaming mainly an announcement by the Fed.

http://www.reuters.com/article/us-usa-stocks-idUSKBN1771FG

Wall Street falls as Fed minutes reverse earlier rally
Wed Apr 5, 2017 | 5:40pm EDT

Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report.

Also investor concerns about the Trump administration's ability to deliver promised tax cuts were intensified by comments from lawmakers on deep divisions in Washington.

Most Federal Reserve policymakers think the U.S. central bank should take steps to begin trimming its $4.5 trillion balance sheet this year as long as the economic data holds up, Fed meeting minutes showed.

The minutes also showed "some participants viewed equity prices as quite high relative to standard valuation measures."

“Either it scared participants because of talk that sounds like maybe (the stock market) is bubbling, or there is some thought that the normalization of the balance sheet is going to harm growth ... or we are going to get more (rate) hikes” than already expected, said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

In a heavy volume trading day, The Dow Jones Industrial Average .DJI ended down 41.09 points, or 0.2 percent, at 20,648.15, the S&P 500 .SPX lost 7.21 points, or 0.31 percent, to 2,352.95 and the Nasdaq Composite .IXIC dropped 34.13 points, or 0.58 percent, to 5,864.48.

The Dow posted its largest intra-day downside reversal in 14 months in Wednesday's session after shedding a gain of more than 198 points to end near the session low, which was a drop of nearly 50 points.

. . . Read more at http://www.reuters.com/article/us-usa-stocks-idUSKBN1771FG

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Response to safeinOhio (Original post)

Wed Apr 5, 2017, 09:17 PM

5. It dropped, not bigly though

I saw a 0.38% drop in my equity portfolio of index funds which was partially offset by bond indexes moving up.

I think that positive expectations (that some investors have - certainly not me) for this administration are priced in now. It will take a while for these expectations to evaporate when the administration achieves nothing of lasting value for this country's economy, or worse decimates it. In the mean time I appreciate the money those optimists invested to help me take capital gains. Perhaps they will learn that you can't run a country like a shady real estate business, or perhaps they will learn nothing and will continue to support me in my old age.

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Response to safeinOhio (Original post)

Wed Apr 5, 2017, 09:56 PM

6. It closed down a frightening two tenths of one percent from its opening.

That's big?

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