happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,937
|
Post by happyhoix on Feb 2, 2018 16:49:20 GMT -5
So, we've had all the posts about the blazing hot Trump economy, how the money will rush in and engulf us all, yadda yadda yadda.
Anyone want to take a stab at why the market plunged 665 points for the worst week in 2 years?
Is this part of the black cap/dark star evil Hillary elaborate conspiracy to make Trump look bad?
Residual hanging over from Obama?
Just more fake news?
Can't just be cyclical market activity - Trump grabbed all the credit when the economy was humming, he must also be responsible for when we hit a bump, right?
www.msn.com/en-us/news/other/dow-plunges-665-points-as-stocks-post-worst-week-in-2-years/ar-BBIBtvE |
|
Gardening Grandma
Senior Associate
Joined: Dec 20, 2010 13:39:46 GMT -5
Posts: 17,962
|
Post by Gardening Grandma on Feb 2, 2018 16:53:40 GMT -5
The market has been overheated for a while. A pullback was inevitable. The release of the Nunes memo probably didn't help; it could have been the trigger, since it is likely to have all kinds of repercussions.
|
|
movingforward
Junior Associate
Joined: Sept 15, 2011 12:48:31 GMT -5
Posts: 8,363
|
Post by movingforward on Feb 2, 2018 17:03:16 GMT -5
I am thinking the fear of rising interest rates
|
|
Rob Base 2.0
Well-Known Member
Joined: Feb 23, 2017 18:12:07 GMT -5
Posts: 1,538 
|
Post by Rob Base 2.0 on Feb 2, 2018 17:05:11 GMT -5
|
|
resolution
Junior Associate
Joined: Dec 20, 2010 13:09:56 GMT -5
Posts: 7,001 
Mini-Profile Name Color: 305b2b
|
Post by resolution on Feb 2, 2018 17:17:13 GMT -5
I thought it was due to the good employment report. Analysts are concerned that wages will rise and that the fed will raise interest rates faster than expected to combat inflation. I was kind of relieved to see the drop this week. Hopefully it will be a smaller correction than if it had waited until next year. The numbers we have been seeing in January have been too good to be real. |
|
emma1420
Senior Member
Joined: Jan 28, 2011 15:35:45 GMT -5
Posts: 2,430
|
Post by emma1420 on Feb 2, 2018 17:44:55 GMT -5
I'm glad. I heard on the radio the other day that the stock market was performing like it was in 1987, and I vividly remember that crash. So I think it's better if it cools down. I think some things are pretty overpriced at the moment.
|
|
happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,937
|
Post by happyhoix on Feb 2, 2018 17:56:08 GMT -5
No no no, I was promised I would win so much I would get tired of winning.
Money pouring into the country.
Everyone getting wealthy.
There was no mention of market corrections.  |
|
Gardening Grandma
Senior Associate
Joined: Dec 20, 2010 13:39:46 GMT -5
Posts: 17,962
|
Post by Gardening Grandma on Feb 2, 2018 18:01:18 GMT -5
I am thinking the fear of rising interest rates I think interest rates are actually rising, so more than just fear of. |
|
NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,420
|
Post by NastyWoman on Feb 2, 2018 18:58:11 GMT -5
No no no, I was promised I would win so much I would get tired of winning.
Money pouring into the country.
Everyone getting wealthy.
There was no mention of market corrections.  You are correct there WAS no mention of market corrections and stuff. Only MAGA magic was going to happen. That said this correction is needed but I hope it won't get us into a really bad situation like 1987 or 2008. I am too close to retirement for that  |
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,443
|
Post by thyme4change on Feb 2, 2018 19:30:34 GMT -5
Totally Hillary's fault. If she hadn't done that 1 minute video for the Grammys, the market would be fine.
|
|
tallguy
Senior Associate
Joined: Apr 2, 2011 19:21:59 GMT -5
Posts: 14,196
|
Post by tallguy on Feb 2, 2018 19:33:36 GMT -5
From Trump's State of the Uniom address: Promptly down 1100 for the week. Market responds, "Stock THIS, m*****f*****!" |
|
dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
|
Post by dezii on Feb 2, 2018 19:45:06 GMT -5
The market has been overheated for a while. A pullback was inevitable. The release of the Nunes memo probably didn't help; it could have been the trigger, since it is likely to have all kinds of repercussions. People...market goes up...also down and this market has gone nuts...there is a thing called taking some profit... As far as how the Donald reacts if the slide continues? There is always Obama and Hillery to blame. |
|
dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
|
Post by dezii on Feb 2, 2018 19:47:17 GMT -5
I am thinking the fear of rising interest rates I think interest rates are actually rising, so more than just fear of. Which means our debt will rise...especially when the new debt from tax cuts start to take affect... |
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,443
|
Post by thyme4change on Feb 2, 2018 20:44:02 GMT -5
The market has been overheated for a while. A pullback was inevitable. The release of the Nunes memo probably didn't help; it could have been the trigger, since it is likely to have all kinds of repercussions. People...market goes up...also down and this market has gone nuts...there is a thing called taking some profit... Are you trying to tell us that the universal laws of economics still apply, even though Donald Trump is our President?? How can that be? |
|
NastyWoman
Senior Associate
Joined: Dec 24, 2010 20:50:37 GMT -5
Posts: 14,420
|
Post by NastyWoman on Feb 2, 2018 21:15:23 GMT -5
Totally Hillary's fault. If she hadn't done that 1 minute video for the Grammys, the market would be fine. Maybe if she just had smiled...  |
|
Rob Base 2.0
Well-Known Member
Joined: Feb 23, 2017 18:12:07 GMT -5
Posts: 1,538
|
Post by Rob Base 2.0 on Feb 2, 2018 21:15:47 GMT -5
Totally Hillary's fault. If she hadn't done that 1 minute video for the Grammys, the market would be fine.  |
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 2, 2018 21:55:07 GMT -5
From Trump's State of the Uniom address: Promptly down 1100 for the week. Market responds, "Stock THIS, m*****f*****!" Even the stock market has been sucked into the "here hold my beer" one upmanship. So much winning even Charlie Sheen is jealous. |
|
haapai
Junior Associate
Character
Joined: Dec 20, 2010 20:40:06 GMT -5
Posts: 5,899
|
Post by haapai on Feb 2, 2018 22:05:35 GMT -5
I'm glad. I heard on the radio the other day that the stock market was performing like it was in 1987, and I vividly remember that crash. So I think it's better if it cools down. I think some things are pretty overpriced at the moment. I also remember the 1987 crash and I just googled it. I fail to see the similarities either in the degree of run-up, nor in the degree of drop. Have you even looked at what the August 1986-August 1987 run-up was or how much the market fell on Black Monday and Black Tuesday? The percentage numbers that we're looking at now are nothing compared to those fluctuations. A single-day drop of 2-3% was once a pretty routine thing. It used to happen every time an rise in interest rates was indicated, and we used to have fluctuations in interest rates. |
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 3, 2018 0:02:40 GMT -5
86-87 was also the oil crash that hit Houston very hard. My mom worked for a very large foreign drilling/exploration company & was laid off. Those were the years she worked 2 and 3 jobs to support us. I had just graduated & only way I found a job was thru my aunt.
|
|
dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
|
Post by dezii on Feb 3, 2018 9:43:35 GMT -5
People...market goes up...also down and this market has gone nuts...there is a thing called taking some profit... Are you trying to tell us that the universal laws of economics still apply, even though Donald Trump is our President?? How can that be?  |
|
dezii
Distinguished Associate
Joined: May 18, 2017 14:26:36 GMT -5
Posts: 20,671
|
Post by dezii on Feb 3, 2018 10:05:53 GMT -5
A little history of market fluctuations... -------------------------------------- "What Past Market Declines Can Teach Us Stock market declines are the last thing most investors want to experience, but they are an inevitable part of investing. Perhaps a little historical background can help you put stock market declines in perspective." ================================= click on link below to read article and see charts... ========================== www.americanfunds.com/individual/planning/market-fluctuations/past-market-declines.html?cid=ps_msn_23604578466&s_kwcid=AL!5214!10!11565537910!23604578466&ef_id=WVJu2AAAAG_r4W9H:20180203150339:s |
|
Deleted
Joined: May 19, 2024 6:13:48 GMT -5
Posts: 0
|
Post by Deleted on Feb 5, 2018 14:35:19 GMT -5
Looks like the market is in the toilet again today.
|
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 5, 2018 15:01:39 GMT -5
-794
|
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 5, 2018 15:06:04 GMT -5
-875
|
|
dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
|
Post by dondub on Feb 5, 2018 15:06:25 GMT -5
-896
|
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 5, 2018 15:07:08 GMT -5
-965
|
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 5, 2018 15:08:22 GMT -5
Holy Shit~ -1035
|
|
Deleted
Joined: May 19, 2024 6:13:48 GMT -5
Posts: 0
|
Post by Deleted on Feb 5, 2018 15:09:51 GMT -5
-1100... it will trigger a stop soon?
|
|
Deleted
Joined: May 19, 2024 6:13:48 GMT -5
Posts: 0
|
Post by Deleted on Feb 5, 2018 15:10:16 GMT -5
-1367
|
|
steff
Senior Associate
I'll sleep when I'm dead
Joined: Dec 30, 2010 17:34:24 GMT -5
Posts: 10,772
|
Post by steff on Feb 5, 2018 15:11:06 GMT -5
-1595
|
|
