Posted on 04/06/2018 12:07:02 PM PDT by Beave Meister
Traders work on the floor of the New York Stock Exchange (NYSE) on March 23, 2018 in New York City. Stocks plunge more than 500 points 47 Mins Ago | 02:18 Stocks fell sharply on Friday as worries of a trade war brewing between the U.S. and China grew. Wall Street also digested disappointing employment data.
The Dow Jones industrial average fell 740 points, with Boeing and Caterpillar as the biggest decliners in the index. The S&P 500 declined more than 2.5 percent, with industrials as the worst-performing sector. The Nasdaq composite dropped 2.7 percent.
The sell-off accelerated in the final two hours of trading after Fed Chief Jerome Powell indicated the central bank would continue hiking rates this year. Some traders were hoping the Fed Chief would acknowledge the recent market volatility caused by the trade dispute.
"This is truly a reaction to China," said JJ Kinahan, chief market strategist at TD Ameritrade. "What we've seen with this administration is a trend of a big statement, followed by everyone getting riled up, and then a pragmatic solution is found."
(Excerpt) Read more at cnbc.com ...
What goes up, must come down, spinning wheel got to go ‘round........................
Cashed out, should have done it sooner. Going to snooze until the party gets started gain.
I am an investor. I am not rattled.
When people stop spending money, worry. The Dow jumps up and down, and the cost of living keeps going up. Its normal for the USA. $5000 dollars a year in 1955 gave you the same amount of spending power as $50,000 today. The Dow is just an indicator of investments, good and bad.
Be calm. Many lack patience needed to be an investor.
Chamber of Commerce types having their stampy-foot hissy fit.
All is perspective. Still higher than it was Monday.
Months like the last three are why I believe in dollar cost averaging. Besides I make better returns on the market than my checking account and I get paid weekly.
The Sky is Falling.... NOT
Wall street is making money (transaction churning) by making believe they are more spooked than they really are over long term effects of current actions and reactions over trade issues.
They know full well that this is the sparring phase of negotiations and new terms and a new regime will be worked out, to enough satisfaction all around that trade stability will return almost as quickly as the markets have seemed to become spooked. Meanwhile, they manipulate investors into making more money for Wall Street - selling fear really does work in that regard.
Sounds like the “Market” is trying to strong-arm the Fed because they got used to the easy money environment - also looking to see which markets will suffer and which will suddenly flourish in comparison.....the biggest thing to understand about the Stock Market is that there is no real apparent rhyme and reason to much of what it does.
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