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UofMTigerTim Offline
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Post: #31
RE: DOW
(02-05-2018 03:57 PM)Redwingtom Wrote:  
(02-05-2018 03:52 PM)Dasville Wrote:  It actually is a gauge on the economy. I just hope after this correction we can finally say this is all President Trumps economy. Let’s see what happens from here forward.

Eh, not so much. We're only talking 30 companies stock prices here. And this adjustment is really based on two things, bond rates and expected federal rate increases on the horizon.

Yep. I think the interest rate hike is what has scared the markets the most.
02-05-2018 03:59 PM
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Redwingtom Offline
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Post: #32
RE: DOW
Down the most points in history. Over 4.6%
02-05-2018 04:00 PM
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Kronke Offline
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Post: #33
RE: DOW
(02-05-2018 03:57 PM)Machiavelli Wrote:  You buy at times like these. Buy when there is blood in the streets.

Should we buy or is Trump, hitler?

Make up your mind.
02-05-2018 04:03 PM
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VA49er Offline
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Post: #34
RE: DOW
(02-05-2018 03:57 PM)Redwingtom Wrote:  
(02-05-2018 03:52 PM)Dasville Wrote:  It actually is a gauge on the economy. I just hope after this correction we can finally say this is all President Trumps economy. Let’s see what happens from here forward.

Eh, not so much. We're only talking 30 companies stock prices here. And this adjustment is really based on two things, bond rates and expected federal rate increases on the horizon.

There is some correlation, but I get your point. IMO, this swing is all about possible interest rate increases. Which, if you think about it is counter intuitive given that rising rates signal a growing economy, etc. I'm only long term so I don't fret daily swings but I'm sure day traders out there are crapping buckets today. Heck, I'd just as soon go to Vegas than day trade the stock market.
02-05-2018 04:03 PM
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UofMstateU Offline
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Post: #35
RE: DOW
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Obama had a 5.55% drop. Points mean nothing, except when taken with the total. Trump has raised the total so much that a 1000 point drop is better than the drop under Obama.
02-05-2018 04:04 PM
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VA49er Offline
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Post: #36
RE: DOW
(02-05-2018 04:04 PM)UofMstateU Wrote:  
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Obama had a 5.55% drop. Points mean nothing, except when taken with the total. Trump has raised the total so much that a 1000 point drop is better than the drop under Obama.

Yeah, volume accounts for something here.
02-05-2018 04:06 PM
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aTxTIGER Offline
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Post: #37
RE: DOW
Man, everyone took out their bids once we passed the 50 day moving average on the SPX. The floor fell out and then people got worried about their margin calls and all hell broke loose.
02-05-2018 04:09 PM
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aTxTIGER Offline
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Post: #38
RE: DOW
BTW, the downturn the last 3 trading days is no big deal. This is normal. What's not normal is 311 trading days without a 5% correction.
02-05-2018 04:10 PM
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shere khan Offline
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Post: #39
RE: DOW
(02-05-2018 04:04 PM)UofMstateU Wrote:  
(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Obama had a 5.55% drop. Points mean nothing, except when taken with the total. Trump has raised the total so much that a 1000 point drop is better than the drop under Obama.

shhhhhh. let those hate america have thier false party.

The DOW is still up almost 25 points since Trumps inauguration. This was predicted to the very day by a friend of mine last week.
02-05-2018 04:11 PM
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shere khan Offline
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Post: #40
RE: DOW
(02-05-2018 04:10 PM)aTxTIGER Wrote:  BTW, the downturn the last 3 trading days is no big deal. This is normal. What's not normal is 311 trading days without a 5% correction.
this
(This post was last modified: 02-05-2018 04:13 PM by shere khan.)
02-05-2018 04:13 PM
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