Posted on 10/11/2018 11:57:57 AM PDT by BradtotheBone
So if a quarter-percent increase last month causes a 1600 point drop this month, then why didn't the quarter-percent increase in June crash the Dow in July?
Looks like ~50% of the Dow is NOT “Industrials”.
The index is fine for short period analysis, but it is so manipulated over the decades [replacement of companies] that it is a fallacious construct.
Non-linear effects...
Yup, Soros.
Hmmm, AAPL was up a touch today...
Bastard Duets are rooting for a crash.
“The Fed has been a little too aggressive in their projections of rate hikes in my opinion. They seemed a bit too anxious to normalize rates. They should have been more measured in their comments.”
They have been doing it NOT on the traditional reason, inflation, but for what I think is against the “national interest” but purely their own institutional self-interest as regards the unloading of the porfolio they built up as part of their quantitative easing measures post-2008.
They are already at the point of about to burst what I think is another real estate bubble that they helped create. There was warnings when they headed down their quantitative easing measures that getting out of them could wind up sending them and the economy in a damned if they do, damned if they don’t position.
Duers.
It’s going to drop another 1,000 points between today and tomorrow. Guaranteed.
No matter what, at least Pickles isn’t in the position to take those profits.
“The communists Democrats, who control the Feds, have crashed the market with rising interest rates.”
It’s rather too late to swing the election.
Houses under construction have to be completed. That takes many weeks in most cases.
Renovation contracts also have to get finished.
It might have an impact in Michigan, since assembly lines can get slowed quickly. Democrat-run Federal Reserve hijinks might be made into Republican victory.
...... I suspect the market is being manipulated to dump just before the Midterms so Trump can no longer use the market and thus .... the economy as an example of his success.
Excellent comments. Thanks for the reply.
They are unwinding their massive balance sheet. What is it at now, something on the order of $4.5 trillion?
Maybe they should take "industrial" out of it and just call it Dow Jones average.
Taking the “Industrial” out of the title would go a long way to making me happy.
Obviously it was way easier back in the day to track just 40 companies. Today, it seem way too arbitrary. As the times have changed, the index should cover a higher number of enterprises. [Why stick with 40? - makes no sense]
Liberals are happy when the economy tanks. Would they short it to beat Trump?
Dont count it out. Theyre desperate and this is all they have left.
The day finished down 546. Only three gainers yesterday, six today: NEM, EGO (both precious metals and both on yesterday’s list), TWLO, BCC, MOH and X. Plus, of course, the Bear ETFs.
Well l guess safe to MSM will talk about the economy now. The Feds are behind this crap count on it. Trump will learn from this.
My gut says down another 600 tomorrow morning, followed by a reversal to the upside. But I won’t bet on it. Not guaranteed.
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