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Dow tumbles 300 points on weak data
cnnmoney ^ | 2/3/2014 | Hibah Yousuf

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 ...


TOPICS: Business/Economy
KEYWORDS: dow; economy; margindebt; market; stockmarket; stocks

1 posted on 02/03/2014 12:38:51 PM PST by Signalman
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To: Signalman

Jack Lew spewing his vile comments about the US not meeting its obligations by the end of the month couldn’t have been helpful...


2 posted on 02/03/2014 12:39:54 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: Signalman

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.


3 posted on 02/03/2014 12:42:22 PM PST by Rodamala
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To: Vendome

Don’t blame Jack, you have to know by now it’s BUSH’s FAULT!!


4 posted on 02/03/2014 12:43:01 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

If only Fox News would refrain from reporting about it, it wouldn’t be a problem.


5 posted on 02/03/2014 12:44:10 PM PST by Jeff Chandler (Obamacare: You can't make an omelette without breaking a few eggs.)
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To: Signalman

Any why is Wall Street surprised by any of this?


6 posted on 02/03/2014 12:46:07 PM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Signalman

The economic plan of tax, borrow,print, spend, and regulate productive capitalism to a standstill was never much of an economic plan.


7 posted on 02/03/2014 12:47:06 PM PST by allendale
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To: Signalman

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.


8 posted on 02/03/2014 12:47:31 PM PST by proxy_user
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To: Kartographer

We done been Bush whacked!!!


9 posted on 02/03/2014 12:47:32 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: Vendome

Lew’s remarks were pretty pointless as we all just KNOW the Pubbies are gonna cave on this anyway.


10 posted on 02/03/2014 12:52:26 PM PST by Buckeye McFrog
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To: allendale

Monopoly® money can only buy so much fake real estate.


11 posted on 02/03/2014 12:54:19 PM PST by fwdude ( You cannot compromise with that which you must defeat.)
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To: Buckeye McFrog

Yep, it is all part of the theater.


12 posted on 02/03/2014 12:54:22 PM PST by Texas resident
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To: Vendome

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.


13 posted on 02/03/2014 12:54:33 PM PST by Signalman
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To: Vendome

Yea, we know, Truth is never helpful.


14 posted on 02/03/2014 12:55:10 PM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
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To: Signalman

I’m surprised it isn’t plunging faster...

They must not have decided to stop the music yet.


15 posted on 02/03/2014 12:56:18 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Signalman; All
If I'm reading it correctly, I noticed that the table (scroll down) on the January 2014 Manufacturing ISM Report On Business® page indicates that the economy has been growing, but slower for the last 56 months, roughly the time that Obama has been in office.
16 posted on 02/03/2014 12:57:19 PM PST by Amendment10
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To: Buckeye McFrog

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!


17 posted on 02/03/2014 12:58:46 PM PST by VRWCarea51
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To: Signalman

Guess it’s time for the Fed to consider Quantitative Easing.


18 posted on 02/03/2014 1:00:17 PM PST by ModelBreaker
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To: ModelBreaker

Just had the radio on and they are officially blaming......wait for it.......BAD WEATHER.


19 posted on 02/03/2014 1:02:06 PM PST by Buckeye McFrog
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To: Signalman

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...


20 posted on 02/03/2014 1:03:12 PM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: MrB

Wait till all the Rubes that thought the had Free Health care are shocked, Shocked I tell you that they either don’t have coverage because they ignored the Invoice the Insurance Company sent them or they get a bill because the Coverage they do have has a 6-8 Thousand Dollar Deductable and a large co-pay.


21 posted on 02/03/2014 1:04:58 PM PST by VRWCarea51
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To: Signalman
obama economy photo: Hope & Change... Meet Reality! Obama_Presidency_1.jpg
22 posted on 02/03/2014 1:05:20 PM PST by Snickering Hound
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To: Buckeye McFrog

What was the weather like in Dec ‘08? That was the last bad January for the market, right?


23 posted on 02/03/2014 1:07:33 PM PST by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: MrB
The music certainly stopped for these guys: Dropping like flies
24 posted on 02/03/2014 1:08:48 PM PST by PowderMonkey (WILL WORK FOR AMMO)
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To: Vendome

How long until the IOU’s go out instead of $$$ for tax refunds?


25 posted on 02/03/2014 1:10:51 PM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Signalman

If the economy tanks, Obama will lose the senate in a landslide.


26 posted on 02/03/2014 1:13:34 PM PST by Viennacon
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To: Signalman

Is there a website tracking how many bankers have now committed suicide?


27 posted on 02/03/2014 1:14:03 PM PST by Obadiah (I Like Ted.)
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To: Ghost of SVR4

We’ll send em IOU’s for leaving their lands after we freed them.

Maybe we’ll send food stamps or just send food, since no one seems to be able to feed themselves these days.

If we stopped sending for only one week, Egypt would explode.

If we stopped sending food to China, same thing.

If we stopped sending food to Cuba, Mariana Boat Lift Part Duex....


28 posted on 02/03/2014 1:14:21 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: Obadiah

I notice my 401k was not happy the morning after the SOTU speech.


29 posted on 02/03/2014 1:15:19 PM PST by massgopguy (I owe everything to George Bailey)
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To: Signalman

And this is just what happens when the Fed THREATENS (they haven’t actually done it, yet)to pull $10 Billion of the $84 billion a month (QE-Forever)in banker handouts away from the party....


30 posted on 02/03/2014 1:17:49 PM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: Signalman

Blah. Blah. Blah.


31 posted on 02/03/2014 1:20:24 PM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Signalman
I told a couple of friends they were should have sold out when it topped 16k, like when the NASDAQ hit 5k during the bubble. You just knew people wanted it to hit that milestone, but when it did it was going down like high tide soon after.

The market now should have dropped like a rock a long time ago, propped up beyond all rational excuses to do so other than political. Both sides of the isle were hoping it would last after November without a major correction I believe, it will be interesting to see what is done to keep it up until then.


32 posted on 02/03/2014 1:22:34 PM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Abathar

aisle, jeeze...


33 posted on 02/03/2014 1:24:01 PM PST by Abathar (Proudly posting without reading the article carefully since 2004)
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To: Buckeye McFrog

Bad weather is killing our business in January... UPS/FDX and a lot of other transports are also hit.


34 posted on 02/03/2014 1:29:52 PM PST by Wyatt's Torch
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To: Signalman

So we got a generous check as a Christmas gift. Can anyone tell me when the correction will be over so we can invest it?

If there ever will be a good time again.


35 posted on 02/03/2014 1:38:56 PM PST by lurk
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To: Signalman

The economy has sucked for years, although it now appears that the hot air that emitted by Obama’s minions is losing it effectiveness in keeping the market aloft.

Expect the Administration to lean even more heavily on the brokerage houses to rein-in the selling. Can’t have a bad stock market while the half-African prince occupies the White Hut.


36 posted on 02/03/2014 1:49:17 PM PST by Arm_Bears (Refuse; Resist; Rebel; Revolt!)
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To: lurk

Hard assets.

If your cars in good shape, Buy the next round of tires now. If you do your own, oil filters, and a few cases of oil when on sale.

Look around the kitchen. Any appliances going to need replaceing in the next couple years.

How about fuel? Buy next winter’s fuel at this lower prices this spring. (And buy an extra tank to store more on hand)

Firewood? Buy extra chains and cases of oil.


37 posted on 02/03/2014 1:52:07 PM PST by maine yankee (I got my Governor at 'Marden's')
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To: Signalman

Maybe the market is sensing the synthetic reality of 0bama’s “mystique” is rapidly coming to an end and the synthetic reality of high stock prices (the good only thing about his reign) are also likely to fade.

No doubt, we would like to see this fool erased from his throne, but to think that there will not be pain in the process is probably naive.


38 posted on 02/03/2014 1:54:40 PM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: Signalman

39 posted on 02/03/2014 2:15:49 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: maine yankee

Excellent advice. Inflation is coming. A nation cannot print money without inflation following.


40 posted on 02/03/2014 2:16:45 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Viennacon

The economy ha been tanking for the past 5 years.


41 posted on 02/03/2014 2:17:53 PM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: lurk

Invest in ammo.


42 posted on 02/03/2014 2:45:29 PM PST by Sparky21555 (The buck stops over there.)
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To: Signalman

We are primed for a collapse again. Margin debt is stratospheric and the gains in the stock far outpace anything in the real economy. Same with EM’s. The unwind could get messy or worse than messy.


43 posted on 02/03/2014 2:48:02 PM PST by sunrise_sunset
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