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Dow Futures way down all of a sudden
CNN Money ^ | 3 March 2014 | Some buy in the back office

Posted on 03/02/2014 3:52:03 PM PST by MeneMeneTekelUpharsin

Dow futures down -127 at this time.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: dow; economy; futures; stockmarket; stocks; wallstreet
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Amazing...wonder why? Could it be the Ukraine situation. No other recent news events have had any effect on the markets. Maybe the big boys just decided it was time to dump stuff. Seems to always happen over a weekend so people have time to start getting real worried. :)
1 posted on 03/02/2014 3:52:04 PM PST by MeneMeneTekelUpharsin
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To: MeneMeneTekelUpharsin

I hear Russia banks raised their rates earlier today


2 posted on 03/02/2014 3:54:06 PM PST by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: MeneMeneTekelUpharsin

https://www.google.com/search?q=alfred+e+neuman+pictures&client=safari&rls=en&tbm=isch&imgil=InOhK8O-UREQ9M%253A%253Bhttps%253A%252F%252Fencrypted-tbn1.gstatic.com%252Fimages%253Fq%253Dtbn%253AANd9GcSoHbOCdHwFqCeFIly_Ag4MCdpN5mq-WoAbhDtz-mh3HyxvvDQwyA%253B450%253B563%253B0JFnknxqnQlXYM%253Bhttp%25253A%25252F%25252Fcheezburger.com%25252F6086681344&source=iu&usg=__fhIfCWH_VEbMIKZIg51cF31ru8o%3D&sa=X&ei=icUTU7XIA8emygGaxIDIAQ&ved=0CDIQ9QEwAw&biw=1332&bih=898#facrc=_&imgdii=InOhK8O-UREQ9M%3A%3BRSwn4VZhsTSEmM%3BInOhK8O-UREQ9M%3A&imgrc=InOhK8O-UREQ9M%253A%3B0JFnknxqnQlXYM%3Bhttps%253A%252F%252Fi.chzbgr.com%252FmaxW500%252F6086681344%252Fh808B0010%252F%3Bhttp%253A%252F%252Fcheezburger.com%252F6086681344%3B450%3B563


3 posted on 03/02/2014 3:58:44 PM PST by PGalt
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To: MeneMeneTekelUpharsin

S&P500 will probably drop to about 1800 just on profit taking; what happens after that is anybody’s guess. The market is in the stratosphere, but it generally has to go up until the last short finally gives in, and then it tanks—and it has to tank sometime in the next year or so, corporate earnings are not going to be sustainable in the present political environment. (NB: don’t invest on the basis of my harebrained speculation here :> )


4 posted on 03/02/2014 3:58:47 PM PST by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: MeneMeneTekelUpharsin; expat_panama

I don’t think 120 points is panic time.


5 posted on 03/02/2014 4:01:50 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: Lurkina.n.Learnin

March 4th is Tuesday.


6 posted on 03/02/2014 4:06:42 PM PST by jsanders2001
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To: Lurkina.n.Learnin

Of course 120 points is not panic time. Neither is 500 points. Nor is 1000 panic time. Panic time is when the people elect the person they elected President of the United states the SECOND TIME. We’ll see later why that was a reason for panic.


7 posted on 03/02/2014 4:07:16 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: MeneMeneTekelUpharsin

In the era of that person his shield has protected him from really bad market days. Some days it has almost been comical. Thinking it has to end sometime.


8 posted on 03/02/2014 4:11:08 PM PST by John W (Viva Cristo Rey!)
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To: MeneMeneTekelUpharsin

1000 points and I would be showing some concern. ;^)


9 posted on 03/02/2014 4:12:16 PM PST by Lurkina.n.Learnin (This is not just stupid, we're talking Democrat stupid here.)
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To: MeneMeneTekelUpharsin

Of course it is Ukraine. They didn’t drop suddenly , they just opened for trading. If the Dow is not off 100 points I’d be surprised. Remember that it takes over 160 Dow Points just to move 1%.


10 posted on 03/02/2014 4:13:21 PM PST by LRoggy (Peter's Son's Business)
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To: MeneMeneTekelUpharsin

Bfl


11 posted on 03/02/2014 4:14:14 PM PST by gaijin
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To: jsanders2001

?


12 posted on 03/02/2014 4:15:46 PM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Lurkina.n.Learnin
Dow futures down -127 at this time.

Interesting, tho that was "Data as of 6:57pm ET".  As of this post the real time contract on barchart is

DJIA DJH14 (Mar '14) 16,307s +35  

This stuff changes big time.  Let's see what tomorrow brings.

13 posted on 03/02/2014 4:20:44 PM PST by expat_panama (Arguing with those who have renounced reason is like giving medicine to the dead. --Thomas Paine)
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To: MeneMeneTekelUpharsin
Panic time is when the people elect the person they elected President of the United states the SECOND TIME. We’ll see later why that was a reason for panic.

America could survive Barack Hussein Obama, but it can not survive a population which would re-elect him.

Or, to paraphrase the wookie, for the first time in my entire life I am ashamed of my country. Perhaps terminally.

14 posted on 03/02/2014 4:23:09 PM PST by RugerMini14
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To: RugerMini14

100%.


15 posted on 03/02/2014 4:28:06 PM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: MeneMeneTekelUpharsin

Obama/Hitlery/Lurch effect.

Yellen too.


16 posted on 03/02/2014 4:28:53 PM PST by SoFloFreeper
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To: MeneMeneTekelUpharsin

Market tanked on CHINA PMI last time...number released Friday night lower than last time.


17 posted on 03/02/2014 4:30:34 PM PST by RummyChick
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To: chajin

corporate earnings are not going to be sustainable in the present political environment

********
Nothing harebrained about that at all. I think your comment makes perfect sense. The market was overheated and poised for a fall for numerous reasons, especially a toxic political environment that’s bad for business.

As Buffet has repeatedly said, be fearful when others are greedy.


18 posted on 03/02/2014 4:31:28 PM PST by Starboard
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To: SevenofNine; expat_panama
Didn't seem to help much -- the Ruble fell bigtime late last week and Monday's opening looks to be lower still.

The 'war', if such occurs in Ukraina and/or Crimea, is not apt to be a major mkt mover worldwide. To the practical observer, Putin can take over or control Ukraina, effectively, whenever he likes. The more interesting question is: will Ukraina partition itself into two nations with the dividing line being, of course, the Dniestr.

Remember: this is "central bank week" plus the ridiculous non-farm payroll burlesque comedy. The CBs of Canada and Australia won't do squat. The ECB, aka Dildoes United, if they offer any changes at all, will content themselves with cosmetic ones. The BLS will, as usual, pluck a "jobs" number out of its arse, then quietly revise the figures lower next week.

1800 is a possibility this week on the SP. Traders should consider a **light** position long the March SP puts, perhaps the 1830 strike, for a quick hit.

Crude and the products rate to stay well bid all week on the Russian/Ukrainan uncertainty. Natural gas will be bid early on this week, but likely will tail off toward week-end as the last major US cold wave starts to vanish.

Good trading to all, and FReegards!

19 posted on 03/02/2014 4:32:54 PM PST by SAJ
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To: Lurkina.n.Learnin

1000 points and I would be showing some concern. ;^)

**********
I would be shopping for rock solid dividend payers. :)


20 posted on 03/02/2014 4:33:15 PM PST by Starboard
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To: MeneMeneTekelUpharsin

“Panic time is when the people elect the person they elected President of the United states the SECOND TIME. We’ll see later why that was a reason for panic.”

So totally agree.


21 posted on 03/02/2014 4:34:34 PM PST by jocon307
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To: MeneMeneTekelUpharsin

These days, a 120-point move is nothing traumatic, especially after a weekend. Resetting to adjust to new situations which came up after the close Friday. And yes, it’s mostly about Ukraine.

Crude oil is up almost $2 (or 2%); gold is up 16 (1.1%).

Tokyo stocks off 2%; other Asian/Aussie stocks off 0.5 to 1.5%.

“Risk off” seems the order of the day, but no panic at this point.


22 posted on 03/02/2014 4:35:33 PM PST by southernnorthcarolina ("The power to tax is the power to destroy." -- Chief Justice John Marshall, 1819)
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Woo Hoo!

Less than $2.7k to go!!
GIT-R-DONE!

Make Today, Day 61 the day!

23 posted on 03/02/2014 4:56:51 PM PST by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: MeneMeneTekelUpharsin

“Panic time is when people elect ...the SECOND TIME.”

That is a truth that I don’t know we can fight.


24 posted on 03/02/2014 5:17:12 PM PST by berdie
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To: MeneMeneTekelUpharsin

“Panic time is when the people elect the person they elected President of the United states the SECOND TIME.”

What do you call it when they elect him for a THIRD time?
I think it’s going to be the imposter round III or his Chewbacca because the hildabeast is not electable material at this point in her disgusting existence.


25 posted on 03/02/2014 5:32:45 PM PST by RS_Rider (I hate Illinois Nazis)
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To: Cyber Liberty

http://www.youtube.com/watch?v=EIo6jo04cJ8

Of many....


26 posted on 03/02/2014 5:35:54 PM PST by jsanders2001
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To: SAJ

I hate to say it I think you are so right


27 posted on 03/02/2014 5:36:48 PM PST by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: MeneMeneTekelUpharsin

ukraine, iran, etc.


28 posted on 03/02/2014 5:38:34 PM PST by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: MeneMeneTekelUpharsin

Wars and rumors of war.


29 posted on 03/02/2014 5:39:35 PM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: southernnorthcarolina

right now its tense but not a fire zone. Any bullets start flying and add a zero after the 127.


30 posted on 03/02/2014 6:08:34 PM PST by wiggen (The teacher card. When the racism card just won't work.)
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To: bmwcyle

Where will capital fly off to?


31 posted on 03/02/2014 6:11:13 PM PST by Broker (By faith)
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To: SevenofNine
One other thing, seven. Brent should gain on WTI all this week unless there is some sort of 'miracle' calming down in Ukraina.

And keep an eye on Brazilian weather. 181 cities in Brazil are already rationing water, in some cases as little as 12 litres a day per household (!). Should the drought persist for another (say) month, both coffee and sugar prices will go absolutely mad. Traders should at least have a look at bullish vertical call spreads in both mkts, with sugar having the lower risk by far, but coffee at least holding out the possibility of spectacular gains (>1000% on capital) should the rains stay away.

Best to you,

32 posted on 03/02/2014 7:17:51 PM PST by SAJ
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To: RugerMini14

“...it can not survive a population which would re-elect him.”
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

They didn’t.


33 posted on 03/02/2014 7:23:19 PM PST by RipSawyer
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To: SAJ
Nothing which should affect the markets these days actually affects the markets. Only those things which can superficially be blamed for affecting the markets affect the markets so key players can make a profit matter. Someone behind the scenes can push the right buttons to drive prices in the direction they wish for them to go when a superficial headline is available.

Dow futures down -138 at this posting.

34 posted on 03/03/2014 3:41:23 AM 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: SAJ
"central bank week" plus the ridiculous non-farm payroll burlesque comedy."

Whatever it is it's now worse & getting worser.  Trying to decide if I want to just go back to bed or hide under it.

35 posted on 03/03/2014 3:52:30 AM PST by expat_panama (Arguing with those who have renounced reason is like giving medicine to the dead. --Thomas Paine)
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To: MeneMeneTekelUpharsin
Down 125 points is a fraction of one percent. The Russian markets are of 10 percent already. Who's sweating Putin's actions more? Link
36 posted on 03/03/2014 4:19:03 AM PST by DoodleDawg
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To: DoodleDawg
Down 125 points is a fraction of one percent. True. Dow futures down -155 now.
37 posted on 03/03/2014 4:33:18 AM 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: Lurkina.n.Learnin

LOL. Yeah... down 151 now but it’s 0.93% so I’m not quite ready to jump out of my window... :-)


38 posted on 03/03/2014 4:39:15 AM PST by Wyatt's Torch
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To: MeneMeneTekelUpharsin
Is it because of the Oscars? Because Jennifer Lawrence tripped for the SECOND year in a row?!!?

Do I really need a sarc tag?

39 posted on 03/03/2014 4:42:13 AM PST by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
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To: expat_panama
eMini chart courtesy of FactSet:


40 posted on 03/03/2014 4:44:02 AM PST by Wyatt's Torch
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To: SW6906

Wait a minute. She tripped last year and the market was up 30%! Time to buy on the Lawrence indicator!


41 posted on 03/03/2014 4:45:17 AM PST by Wyatt's Torch
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To: MeneMeneTekelUpharsin

Maybe Putin shut down that gas pipeline to Eastern Europe. John Kerry isn’t going to be happy about that.


42 posted on 03/03/2014 4:51:18 AM PST by McGruff (Every night has it's dawn.)
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To: Wyatt's Torch

yeah, holding steady for an hour or so.

On the one hand this morning is the worst it’s been in years, and on the other hand the past few years have been extraordinarily kind. Remembering ‘09 this is nottin’.


43 posted on 03/03/2014 4:59:04 AM PST by expat_panama (Arguing with those who have renounced reason is like giving medicine to the dead. --Thomas Paine)
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To: McGruff
John Kerry isn’t going to be happy

--and if he gets really ticked off he may threaten to agree to disagree...

44 posted on 03/03/2014 5:00:50 AM PST by expat_panama (Arguing with those who have renounced reason is like giving medicine to the dead. --Thomas Paine)
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To: expat_panama

Exactly. It’s been an incredible ride since March 2009. I was at a presentation two weeks ago with the chief economist for NASDAQ and the lead floor governor for NYSE. The economist was, naturally, pessimistic and the trader was, naturally, optimistic. The best thing from the presentation was the technical chart for S&P showing that we might be having a technical breakout after a double top peak (1999 and 2007). He said that the markets had gone up by 30% in a year four times since the 70’s. In the following year the average increase is 22%.

The other interesting thing was a presentation by Richard Fisher on monetary and fiscal policy. Harsh words about the fiscal side of the house.


45 posted on 03/03/2014 5:08:25 AM PST by Wyatt's Torch
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To: expat_panama

Dave Lutz of Stifel Nicolaus has a round-up of what traders are chatting about before the opening bell:

Good Morning! All about the Ukraine this AM, as Russia’s latest moves spark angst and a flight to safety. Futures in the USA are marked off 1%, and just off the lows of the overnight. As VIX futures are marked up 10% This mirrors weakness overseas, with the DAX off almost 3%, and the FTSE 2%, as banks have been hit by concerns over exposure to Russian and Ukrainian banks. Volume is quite heavy in Europe, with most markets trading 50% above their recent 20day averages. Russia off over 10% as the Rouble collapses to record lows – Their Central Bank stepped in and raised 150bp, citing “risks to financial stability”. Poland’s market was initially hit for almost 4%. Ukraine itself not off all the bad, as their FX is higher as they await bailout teams, and their CDS is only up 1% overnight. In Asia, China bounced almost 1% despite their PMI hitting 7M lows, as one of the “unintended consequences” of the Yuan weakening is liquidity is spiking in their money markets. The Nikkei was hit for 1.2%, and futures are marked about 80bp lower – as the Yen is spiking on haven flows. Sectors to focus on will be the weaker banks (Ukraine/Russia exposure) – Gold Miners (up 4% as Gold is spiking) – Casinos (Macau Numbers blowing out) – and the Divvy Sectors like REITS with 10YY dropping hard.

10YY crashes under the 200dma – Now yielding 2.6%, gearing up to test October Lows near 2.47%. We have Safe haven FX jumping – including the Yen and Swiss Franc. The Euro is getting hit sharply, helping the DXY bounce despite the jumping Yen – a headwind for commodities. That said, Russia is the world’s largest energy exporter, including both oil and gas – so combined with the cold Northeast, we have both Brent and Natty up 2.5%. Gold is adding 2% on haven flows, now the highest since October. Wheat climbed the most in 17 months and corn rose to the highest since September as tensions escalated in Ukraine, a leading exporter of both grains.

Read more: http://www.businessinsider.com/trader-chatter-mar-3-2014-2014-3#ixzz2uuBZcSMP


46 posted on 03/03/2014 5:14:10 AM PST by Wyatt's Torch
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To: expat_panama

Personal spending up +0.4% (exp +0.1%)
Perosnal income +0.3% (exp +0.2%)
PCE +1.1% (exp +1.1%)


47 posted on 03/03/2014 5:33:28 AM PST by Wyatt's Torch
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To: All

DJIA down about 130 ten minutes in.


48 posted on 03/03/2014 6:37:23 AM PST by John W (Viva Cristo Rey!)
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To: Broker
It does not fly off. Capital is valued by faith in a false idiot. It fluctuates with that false faith.
49 posted on 03/03/2014 6:56:43 AM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: John W

Down 169.76(1.04%) 10:18AM EST


50 posted on 03/03/2014 7:19:08 AM PST by John W (Viva Cristo Rey!)
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