Skip to comments.Dow tumbles 300 points on weak data
Posted on 02/03/2014 12:38:51 PM PST by Signalman
February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled more than 300 points Monday afternoon, or almost 2%, after a much worse-than-expected reading on manufacturing activity. The S&P 500 and Nasdaq were down more than 2%. CNNMoney's Tech 30 index was also down sharply.
Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity last month expanded at its weakest pace since May.
The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst January since 2009.
(Excerpt) Read more at money.cnn.com ...
Jack Lew spewing his vile comments about the US not meeting its obligations by the end of the month couldn’t have been helpful...
I wish I bookmarked last week’s thread that had the photo of the terrified people on the rollercoaster with their eyes popping out. I am one of them until I can sell a rather large hunk of shares as a long term gain... next week.
Don’t blame Jack, you have to know by now it’s BUSH’s FAULT!!
If only Fox News would refrain from reporting about it, it wouldn’t be a problem.
Any why is Wall Street surprised by any of this?
The economic plan of tax, borrow,print, spend, and regulate productive capitalism to a standstill was never much of an economic plan.
The stock market goes up, the stock market goes down. It moves more than it should, because investors are human and become euphoric on the upswings and scared on the downswings.
If you are not detached enough to use this knowledge to your advantage, you shouldn’t be in it.
We done been Bush whacked!!!
Lew’s remarks were pretty pointless as we all just KNOW the Pubbies are gonna cave on this anyway.
Monopoly® money can only buy so much fake real estate.
Yep, it is all part of the theater.
Also, margin debt is at a record high. This will cause a panic among
margin investors to sell while they can when the debt is called in.
Yea, we know, Truth is never helpful.
I’m surprised it isn’t plunging faster...
They must not have decided to stop the music yet.
Worst January for the Market since 2009 and the first day of Fevuary trading it is down 330 points.
Yeap Pretty sure it’s BUSH’s fault!
Guess it’s time for the Fed to consider Quantitative Easing.
Just had the radio on and they are officially blaming......wait for it.......BAD WEATHER.
don’t worry.....zer0 will have more monies printed....and Wall street just loves it.....
of course they don’t seem to care about the inflation. I gotta buy gold...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.