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US stocks sink; Dow dives 225 points on emerging-market concerns
cnbc.com ^ | January 31, 2014 | Kate Gibson

Posted on 01/31/2014 6:48:57 AM PST by John W

U.S. stocks tanked on Friday, with investor sentiment slammed by increasing worries about trouble in emerging markets.

"This is more of a geoeconomic kind of thing. The Friday dates plays into this, the end of the month plays into this, and it does appear emerging markets, one by one, will need to take additional central bank action over the next few days," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: amazon; emergingmarkets; qe; silver; stockmarket
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1 posted on 01/31/2014 6:48:57 AM PST by John W
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To: John W

Up 200 yesterday = down 200 today. If you don’t like it, just wait until tomorrow.

Why? Ask Mr. Market, he’s a very mercurial fellow.


2 posted on 01/31/2014 6:51:20 AM PST by proxy_user
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To: John W

The market is down less than 5% YTD. If this is the expected correction we have more downside to go.


3 posted on 01/31/2014 6:53:40 AM PST by Starboard
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To: proxy_user

Mr. Market if open at 5pm yesterday would have been down about 100 on the djia.

That is because Amazon report crappy earnings at about 4pm.

Only about 125 points of this fall is from emerging market fall out.


4 posted on 01/31/2014 6:54:20 AM PST by staytrue
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To: John W

They will seize your IRA and 401K. And Americans will beg them for the Treasury bond they will offer when it gets bad enough. Trust me.


5 posted on 01/31/2014 6:55:17 AM PST by SkyPilot
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To: Starboard
If this is the expected correction we have more downside to go.

Watch.

6 posted on 01/31/2014 6:56:20 AM PST by SkyPilot
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To: John W

What a balled faced lie, the real reason is the slowing of printing more money and giving it to the bankser’ who in turn invest it in the market causing the market to inflate. Now that they have slowed that train down the market will correct. The when they can get great prices again they will ramp it up again.

Just look how they crashed the gold and silver market when the mint ran out of silver to make coins with, now they are able to buy the silver cheap, then they will ramp the price back up and the government will sell silver coins at a huge profit.


7 posted on 01/31/2014 6:58:12 AM PST by stockpirate (It appears good men have decided to do nothing, so evil is prevailing......)
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To: staytrue
Only about 125 points of this fall is from emerging market fall out.

Give it time.....it is coming. The Great Depression II.

8 posted on 01/31/2014 6:58:55 AM PST by SkyPilot
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To: John W

Emerging market my arse...this whole thing is hanging by a thread.


9 posted on 01/31/2014 7:00:01 AM PST by BreezyDog
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To: John W

Just wait until inflation and higher rates kick in.

A 200 point drop will be considered the good old days.


10 posted on 01/31/2014 7:00:16 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: stockpirate
Now that they have slowed that train down the market will correct.

For a short time, but they cannot sustain the bubble. The clock is ticking.

11 posted on 01/31/2014 7:00:28 AM PST by SkyPilot
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To: John W

Will this be a really bad day under Obama? Usually not allowed to happen.


12 posted on 01/31/2014 7:00:52 AM PST by John W (Viva Cristo Rey!)
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To: BreezyDog

2 letters actually: QE

Without that, we are falling off a cliff like the Wile E. Coyote in the cartoons.


13 posted on 01/31/2014 7:01:01 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

There will be deflation, combined with inflation. Deflation where it hurts us, and inflation when it helps them.


14 posted on 01/31/2014 7:01:33 AM PST by SkyPilot
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To: John W

I stopped contributing to the company 401K in 2008, when the markets took the big dive.

Yesterday, one of my co-workers was trying to convince me to go back in (”the water’s fine!”). I’m not so sure now . . .


15 posted on 01/31/2014 7:03:34 AM PST by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
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To: rightwingintelligentsia
I stopped contributing to the company 401K in 2008

For some reason I hung on and did pretty well over the last couple years. The thing is that stock market gains are an illusion and can easily be erased in a matter of days.

16 posted on 01/31/2014 7:06:23 AM PST by turducken
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To: rightwingintelligentsia

Market timing is a losing proposition.


17 posted on 01/31/2014 7:06:27 AM PST by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: SkyPilot

“Give it time.....it is coming. The Great Depression II. ”

***

It’s already here.


18 posted on 01/31/2014 7:06:41 AM PST by fatnotlazy
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To: rightwingintelligentsia

Don’t you have a money market fund in your 401K? Does your employer match any part of the contributions?


19 posted on 01/31/2014 7:07:03 AM PST by Night Hides Not (For every Ted Cruz we send to DC, I can endure 2-3 "unviable" candidates that beat incumbents.)
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To: staytrue

Only about 125 points of this fall is from emerging market fall out.

***********
Corporate earnings reports in general have not been great. You’re right, there’s more at play here than emerging markets. The MSM wants us to think that external forces are driving the markets down but that’s not the whole story.


20 posted on 01/31/2014 7:07:17 AM PST by Starboard
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To: SkyPilot

What, you’re not going to happy with a “guaranteed” 3% return on your hard earned money? /sarc


21 posted on 01/31/2014 7:08:27 AM PST by Starboard
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To: rightwingintelligentsia

You have to buy after a huge drop when everyone wants out; and likewise, selling when everyone agrees it is a foregone conclusion that the market will go up 30% every year. (We are close to the latter now). Personally, if it starts to fall here, there are going to be a lot of technical support lines broken so it will not make sense to buy until it has fallen at last 1-2000 more points. This could be ugly.


22 posted on 01/31/2014 7:08:31 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Night Hides Not

Not sure/yes, up to 5%.


23 posted on 01/31/2014 7:09:09 AM PST by rightwingintelligentsia (Democrats: The perfect party for the helpless and stupid, and those who would rule over them.)
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To: Starboard

Fscebook is trading at 20 times sales. That is like what we saw in 2000.

Insanity.


24 posted on 01/31/2014 7:09:58 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: rightwingintelligentsia
http://www.foxbusiness.com/markets/2014/01/31/stock-futures-slide-as-global-concerns-mount/>

They take your money and smile at how naive the masses are.

The Fed central banksters have move decimal points on computer screens. The US petro-Dollar is about to crash.

People I meet show me their IRA print out and tell me how much US Dollars they will "get" per month in their retirement years.

Really.

Get ready.

25 posted on 01/31/2014 7:10:40 AM PST by SkyPilot
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To: Red in Blue PA

I agree with you 100%, but it’s so dangerous to bet against Friends of Baraq.
To me Tesla looks like the most slam dunk short ever but I wouldn’t touch that trade.


26 posted on 01/31/2014 7:11:27 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: Red in Blue PA

This could turn into a significant correction if 401k holders and foreigners (with equity investments in the U.S.) start heading for the exits. If they panic out and start to seriously turn the decline into a tidal wave, the Fed will start “pulling levers” to stabilize the market. Just my opinion.


27 posted on 01/31/2014 7:13:57 AM PST by Starboard
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To: staytrue

And I am one who stopped shopping at amazon because of them charging tax for commifornia. Goodby amazon.


28 posted on 01/31/2014 7:14:49 AM PST by US_MilitaryRules (Tastes like Heaven, Burns like Hell! Mmmmmm. What is it?)
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To: SkyPilot

I got a “tickle” a couple of days ago and pulled my IRA back to nearly all cash for the ride down.

Left some in precious metal derivative funds, though.


29 posted on 01/31/2014 7:15:36 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

You are a smart man. Hold on. Here it comes.


30 posted on 01/31/2014 7:16:48 AM PST by SkyPilot
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To: rightwingintelligentsia

S&P is up 160% from the low in March 2009 to today. That’s a whole lot of return you missed out on. If you skipped all of that then yeah I would stay out for now.


31 posted on 01/31/2014 7:21:42 AM PST by Wyatt's Torch
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To: stockpirate
I'd think some profit taking is inevitable at the beginning of 2014. Capital gains taxes on profits don't have to be paid until April 2015. And what about individual investors?....I'd think paying high home heating bills is going to cause people to use some stock market money to pay them.

As far as the bogus money the feds have used to prop up the stock market? It'll disappear into thin air, which is where it came from.

32 posted on 01/31/2014 7:22:05 AM PST by grania
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To: Red in Blue PA

there are going to be a lot of technical support lines broken...

***************
A key support floor to watch is 1750 on the S&P. Breaching that could lead to a breakdown.


33 posted on 01/31/2014 7:25:32 AM PST by Starboard
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To: Starboard
If they panic out and start to seriously turn the decline into a tidal wave, the Fed will start “pulling levers” to stabilize the market. Just my opinion.

Panic might be an excessive way to describe caution. Nothing wrong with taking out most of the profit. "The problem with bubbles is that they force one to decide whether to look like an idiot before the peak, or an idiot after the peak. There's no calling the top." Mark Faber seems the latest person to say this. Don't know the originator.

34 posted on 01/31/2014 7:27:16 AM PST by Stentor (Maybe the Goldman Sachs thing is just a coincidence.)
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To: grania

I’d think paying high home heating bills is going to cause people to use some stock market money to pay them.

*********
This will also adversely impact the economy as it reduces disposable income that could otherwise have been spent on retail items. Many people are going to see heating bills that are double what they normally pay in winter.


35 posted on 01/31/2014 7:28:44 AM PST by Starboard
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To: Stentor

You can only see the top in the rear view mirror.

Anyone who claims otherwise is simply lying.

That being said, it is almost more noteworthy to note the psychology of people than anything else. When the taxi driver is giving out stock tips, that I a time to get out. When every analyst agrees the market is going up for the 6 year in a row, that is a time to get out.


36 posted on 01/31/2014 7:30:05 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Starboard
Some fodder for the more conspiratorially minded:

Third Banker, Former Fed Member, "Found Dead" Inside A Week


37 posted on 01/31/2014 7:37:02 AM PST by jjsheridan5
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To: Stentor

There was too much complacency in the market IMO. Last year’s returns were extraordinary and a huge “gift” for many people investing for retirement. However, when people sees those big returns dissipating complacency can quickly give way to fear, especially in cases where retirement savings are barely sufficient to meet long term financial needs. A 250 point drop today would spook a lot of people.


38 posted on 01/31/2014 7:37:41 AM PST by Starboard
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To: Red in Blue PA
When the taxi driver is giving out stock tips, that I a time to get out.

There was a lot of talk about silver at the flea market in 2012. I can't hold my breath long enough to retrieve mine. The grandchildren are good swimmers.

39 posted on 01/31/2014 7:38:15 AM PST by Stentor (Maybe the Goldman Sachs thing is just a coincidence.)
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To: John W

BTTT!


40 posted on 01/31/2014 7:41:24 AM PST by Salvation ("With God all things are possible." Matthew 19:26)
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To: Stentor

And that was just about the time silver topped out before falling.


41 posted on 01/31/2014 7:42:27 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Starboard

A market without some corrections is unhealthy, like a tree growing straight to the sky. Much healthier for the tree to grow slower and establish a root system.

This market is a tree with no root system. Too much. Too fast.


42 posted on 01/31/2014 7:43:48 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Starboard

10:45 AM ET Standard and Poor’s 500 Index 1775.91 18.28 -1.02%


43 posted on 01/31/2014 7:45:05 AM PST by John W (Viva Cristo Rey!)
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To: jjsheridan5
Some fodder for the more conspiratorially minded:

Cleanup on aisle 3.

44 posted on 01/31/2014 7:45:17 AM PST by Stentor (Maybe the Goldman Sachs thing is just a coincidence.)
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To: Red in Blue PA
And that was just about the time silver topped out before falling.

Yep. Da boys hate the people's money. Can't have the people having too much of anything that might free them, even Fed Reserve debt notes.

45 posted on 01/31/2014 7:50:13 AM PST by Stentor (Maybe the Goldman Sachs thing is just a coincidence.)
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To: Red in Blue PA

In many respects, the Fed IS the market. It’s artificial stimulation has caused great distortions in asset prices and its actions have led to malinvestment. There is a price to pay for its intervention.


46 posted on 01/31/2014 7:51:52 AM PST by Starboard
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To: jjsheridan5
Third Banker, Former Fed Member, "Found Dead" Inside A Week

Let's hope it's an ongoing trend.
47 posted on 01/31/2014 7:54:01 AM PST by ZX12R (Never forget the heroes of Benghazi, who were abandoned to their deaths by Obama)
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To: SkyPilot

“They will seize your IRA and 401K. And Americans will beg them for the Treasury bond they will offer when it gets bad enough. Trust me.”

Why yes they will.


48 posted on 01/31/2014 7:54:12 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: John W

The Fed will be busy today attempting to “stabilize” the markets.


49 posted on 01/31/2014 7:54:27 AM PST by Starboard
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To: ZX12R
Let's hope it's an ongoing trend.

I doubt it. They always seem to jump in threes.
50 posted on 01/31/2014 7:55:54 AM PST by jjsheridan5
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