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U.S. stocks fall sharply on Fed taper fears
MarketWatch ^ | 06/20/2013 | Victor Reklaitis

Posted on 06/20/2013 7:12:05 AM PDT by AngelesCrestHighway

NEW YORK (MarketWatch) — U.S. stocks tumbled Thursday, along with Asian and European equities as well as gold and bonds after the Federal Reserve signaled its bond buying could be scaled back later this year Downbeat Chinese manufacturing data and worse-than-expected U.S. economic reports further weighed on sentiment.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Your Opinion/Questions
KEYWORDS:
Dow down 200 already? Put your seat belts on Lady's and Gentlemen!
1 posted on 06/20/2013 7:12:05 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

was about time for them to release some new rabbits to chase


2 posted on 06/20/2013 7:14:14 AM PDT by Buckeye McFrog
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To: AngelesCrestHighway

That’s what happens when the Fed is telling them they are going to taper down on buying 40 Billion a month in stocks and printing up $45 billion in scrip per month to buy T-bills (paying with one credit card with another) so it looks like Obama has a stash.... Good luck fighting against the computers and insiders in the stock market....


3 posted on 06/20/2013 7:16:32 AM PDT by Gaffer
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To: AngelesCrestHighway

The market will seek its natural level, the level it would have been at were it not for the infusion of trillions of “Bernanke Bux”(tm).


4 posted on 06/20/2013 7:17:02 AM PDT by Notary Sojac (I call it messin' with the kid.)
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To: AngelesCrestHighway

I’m not a finance guy and don’t understand most of it but doesn’t this support the argument that the “booming stock market” of the last couple years is purely a result of the Fed printing money and pumping this imaginary capital into the financial sector?


5 posted on 06/20/2013 7:17:21 AM PDT by circlecity
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To: AngelesCrestHighway
Bartender Ben issues last call and suddenly the entire stock market around the world gets the DTs.
6 posted on 06/20/2013 7:18:32 AM PDT by KarlInOhio (This message has been recorded but not approved by Obama's StasiNet. Read it at your peril.)
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To: circlecity

Yes indeedy!


7 posted on 06/20/2013 7:20:45 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway
U.S. stocks fall sharply on Fed taper fears

The "0bama Recovery" is nothing more than an overinflated economic balloon filled with YOUR MONEY pumped in by the Fed. Stop the pumping, and watch how fast it collapses.

The guy on Fox News this morning said he thought the Fed would continue to prop up 0bama with continued pumping of money. Maybe the Fed is signalling that they too are Fed up with the commie usurper.

8 posted on 06/20/2013 7:21:03 AM PDT by The Sons of Liberty (Jesus, Please Save America!)
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To: KarlInOhio

Last call to get the hell out of the Market!


9 posted on 06/20/2013 7:21:33 AM PDT by AngelesCrestHighway
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To: circlecity
doesn’t this support the argument that the “booming stock market” of the last couple years is purely a result of the Fed printing money and pumping this imaginary capital into the financial sector?

Absolutely. It's a huge pipeline delivering free money to the already-wealthy. And to think the liberals still call true capitalism "trickle-down" economics.

10 posted on 06/20/2013 7:23:49 AM PDT by BfloGuy (The Eurozone policy might best be described as "Laurel and Hardy Carry a Piano Upstairs.")
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To: AngelesCrestHighway

When the Dow reaches 9500, I’m jumpin back in!


11 posted on 06/20/2013 7:24:14 AM PDT by Mashood
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To: The Sons of Liberty
Maybe the Fed is signalling that they too are Fed up with the commie usurper.

That's probably enough to get them designated as possible terrorists.

12 posted on 06/20/2013 7:26:27 AM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: Mashood

There will come a point...not sure when or how long it will take.


13 posted on 06/20/2013 7:29:19 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

Circuit breakers may well kick in today..


14 posted on 06/20/2013 7:31:56 AM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: Buckeye McFrog
was about time for them to release some new rabbits to chase

Yep. Well, gee I've forgotten all about the abuse of power scandals. Stock market is crashing.
15 posted on 06/20/2013 7:34:30 AM PDT by Old Yeller (You can't spell Stanley Ann without S-A-T-A-N)
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To: KarlInOhio

“Bartender Ben issues last call...”

That’s a good way to put it.


16 posted on 06/20/2013 7:38:27 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: The Sons of Liberty

“Maybe the Fed is signalling that they too are Fed up with the commie usurper.”

There are 7 governors of the Federal Reserve System including Bernanke. While Bernanke was appointed by George W. Bush, he was reappointed by Obama. 5 of the other 6 governors were appointed during the Obama Administration.

One might presume the Fed is a tool of the administration.

Janet Yellen, the Vice Chairman appointed by Obama, is rumored to be in the lead to replace Bernanke. She is another Ivy League establishment progressive. She has an undergraduate degree from Brown University and PHD from Yale. She taught at the University of California at Berkeley before being appointed to the Fed for the first time by Bill Clinton. Later she was chair of Clinton’s council of economic advisors. Prior to being appointed Vice Chairman of the Fed she was President of the Federal Reserve Bank in San Francisco. Early in her academic career she taught at Harvard.

Far from being “Fed” up with Obama, the Fed governors appear to be supporters of the progressive globalist agenda as is Obama.


17 posted on 06/20/2013 7:59:10 AM PDT by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: AngelesCrestHighway

Yep, but can anyone savvy answer why gold/silver are also getting hammered? (Which I’m fine with - might just buy some more).


18 posted on 06/20/2013 8:08:20 AM PDT by mykroar (China and Russia are playing chess while Obamas's playing 52 card pick-up.)
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To: AngelesCrestHighway

yeah bayyybeeee!


19 posted on 06/20/2013 8:10:38 AM PDT by headstamp 2 (What would Scooby do?)
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To: mykroar

Both are tied to QE and if that is starting to end, then the party ends there.

Both are continually making new lows so it’s hard to stand up for them but if the stock market continues to crack while the middle of the US Curve moves higher coupled with stagnant labor growth and less than 2% GDP....at some point the Fed will back off this tapering talk, Ben will step aside for Yellen who is the ultimate dove and gold/silver should rebound.

This ending QE comes at a serious price, one Obama is not going to be willing to pay. Ben is no Volker and Obama is the anti-Reagan so we all get to suck on this one.


20 posted on 06/20/2013 8:50:13 AM PDT by Reagan Disciple (Peace through Strength)
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To: mykroar

Everything gets sold in a serious decline...


21 posted on 06/20/2013 11:21:46 AM PDT by AngelesCrestHighway
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