Posted on 02/02/2018 11:36:21 AM PST by BenLurkin
Because more people being able to buy things is bad for corporate earnings.
So Crazy. Dow goes down because too many people are working. Strange world.
HemiRueters, more than happy to report ANY bad news.
Dow 25,654.64 -532.07 -2.03%
Old story. At 2:40 pm the Dow was down 510 points.
500 last I saw.
Looks like a buying opportunity to me.
Yep. Excellent time to take advantage.
That sir is why I chose not to participate.
You are correct sir.
Everyone expecting some correction and trying to get ahead of it
It’s not bad news for people who rely on bond yields to fund their pensions.
Or who own the bonds themselves.
A correction here is probably a good thing for the stock markets.
Interest rates have been artifiacaly depressed for over 10 years as the Fed tried to give a soft landing to a weak economy.
There is a whole generation who thinks money is “free” because rates, other than credit cards, have been near zero.
Once consumer rates inch up to historical levels of 4% or so, people will freak out.
The market is NOT going down because of rates. The market very closely follows jobs up or down.
The market is profit taking, and also deeply worried about the state of the nation, and the possibility of a watergate prolonged national drama.
I have 25 yrs of investment advisor experience, own a financial institution.... so I’m not just someone with a casual opinion about this.
Rising rates and declining bonds at a juncture like this, should actually fuel the market a bit. I suspect the market will build as the next quarter’s earnings start to show signs of being better than expected.
The recent news about MASSIVE corporate domestic spending is really exciting to me, along with the dramatic cuts in corporate taxation.
I don’t know anyone who planned on the markets continuing the super rapid increases we’ve seen since Trump was elected. The run up was in part due to irrational exuberance.
I thought 6.25% was “historical” ... 4% seems too low.
It’s a buying opportunity, but everyone I know is already fully invested.
If I had any kind of money I’d be trying to get into a house.
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