Skip to comments.Stocks Drop Due to Jitters on Earnings
Posted on 04/12/2014 6:44:02 PM PDT by BenLurkin
Investors pushed the stock market down for a second consecutive session on Friday. Investors are beginning to become anxious that a growth in earnings is beginning to falter.
Bank stocks were dragged lower by JPMorgan Chases weaker results. Big drops in tech stocks that were once soaring pushed the tech heavy Nasdaq down for a third consecutive week.
Stocks dropped from the opening bell on the news that big bank JPMorgan missed earnings estimates of analysts. Investors have been worried that certain technology stocks had been overvalued, dumped them for another day, with some big gainers of recent falling steeply. Facebook lost 1.1% after a drop of 5% on Thursday.
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Facebook is about the most over valued POS I ever saw anyhow. If you bought FB stock you deserve to lose you money.
For three months the OBAMA JOB propaganda machine called the LABOR DEPARTMENT has mislead the country into thinking everything was “rosy” and the slime at CNBC/ and the MSM accommodated this...YET earnings aren’t supporting JOBs and republicans are clueless crybabies like boaehner...
OBAMA and his henchmen are “peeping toms” allowing the NSA and its AGENTS at justice homeland security, energy, labor and the white house to watch the lives of americans through snooping via their internet connections....
It is so sad to read what these and other morons say about the markets......with the easing being reduced the Fed is no longer pumping money in to the markets, so the markets will contract.......
It’s really simple, money in = stocks go up, money out stocks go down.
Jitters on earnings had NOTHING to do with it at all. What a lie. Stocks dropped dramatically to take out stop loss orders, thus generating commissions for Wall Street. Those guys really do NOT care which way the market goes. The ONLY concern is getting people to keep moving money buying and selling on lies. And, they do it, consistently.
You mean someone still buys/sells stocks based on earnings?
Remember, you’ll always make money if you hold them stocks long enough. A hundred years from now, you should have a tidy return on them suckers.
What? 20 times sales is a bargain! It must be true, I beard it in CNBC.
Enron.. Solindra.. GM...
you could hold those for a billion years and still have nothing.
Yep - and they have decided that 16,000 is a convenient rally level for the DOW because it maintains the illusion that all is stable. I keep waiting for the 30% or better correction and it never happens......yet.
“Enron.. Solindra.. GM...
you could hold those for a billion years and still have nothing.”
Like waiting on the Obama economy to take off.
This is all whistling past the graveyard.
The balloon is getting so big even Stevie Wonder can see it.