Stocks end volatile July with a selloff

MarketWatch ^

[fhayek]

Stocks are sharply lower on worries about the outlook for Federal Reserve policy. Chief investment strategist Doug Roberts at Channel Capital Research doesn't expect Fed tightening, but we could see "increased noise from the hawks on the Fed."

[fhayek]

DJIA down over 200. I guess yesterday's news of 4% growth in GDP in the second quarter was more than the market could handle.

[fwdude]

The market reacted to fake economic stats.

We are all screwed.

[familyop]

S&P down over 1.5 percent, NASDAQ down nearly 2 percent at this time.

[fhayek]

Airliners shot down, no problem. War between Israel and Hamas, no problem. Ebola break out, no problem. A reported 4% growth rate, sell your stocks.

[blackdog]

Obama Administration statistics are more like a Saturday Night Live sketch with Jon Lovitz.

Yeah, that's the ticket!

[fhayek]

I agree. I think that what investors are thinking is that the Fed may actually BELIEVE the numbers (or say they do) and scale back the printing presses. THAT is what the investors really fear.

[fwdude]

Airliners shot down, no problem. War between Israel and Hamas, no problem. Ebola break out, no problem. A reported 4% growth rate, sell your stocks.

I haven't even gotten back in yet.

You are correct, any volatile condition that would normally send equity securities plummeting are now snickered at by the markets. We are living in a Matrix-world.

[blackdog]

That and a smidgen of everything.

[Stentor]

A reported 4% growth rate, sell your stocks.

I didn't think there was enough retail in the market for stocks to begin returning "to the hands of their rightful owners". Maybe it's time to harvest those juicy 401ks. On the other hand, you could always BTFATH.

[Viennacon]

Market realizing its all BS?

[VRWCarea51]

One thing that will bring the mind numbed L.I.V. out into the light and look up is the sudden drop in their 401ks.

They will line up to the stock cars and gladly scurry over to the showers. However-mess with their 401ks balances and they will suddenly become conserned with the direction of the Country.

I say let the market drop to 6k. Then watch Nero explain importing 5 million social service leeches.

[John W]

Your thoughts on this? Thank you.

[Tennessee Conservative]

Yep, my Proctor & Gamble stock is in a nose dive.

[Wyatt's Torch]

Looks like a “good news = bad news” part of the cyclce. The street is expecting the fed to become more hawkish. The interesting thing is the huge miss in Chicago PMI. That’s not good news but the Fed is more long term. Inflation remains in check but nearing their 2% target and UE will likely be ~6% when released tomorrow. The language surrounding those two key items were the major revisions in the FOMC statement yesterday.

[John W]

Americas Indexes

Dow Jones Industrial Average 16,563.30 -1.88%

S&P 500 Index 1,930.67 -2.00%

NASDAQ Composite Index 4,369.77 -2.09%

[djf]

It was/is the Argentine default.

[grania]

I think that the investors are thinking the Fed may actually ...scale back the printing presses

Today there were some bad earnings reports, so investor ptb will probably be able to keep extorting printing press fake money from the Federal Reserve.

The stock market is so out-of-touch with the economic reality of most US citizens that even a 3,000 drop wouldn't reflect the conditions a huge percentage of people are suffering.

[familyop]

"However-mess with their 401ks balances and they will suddenly become conserned with the direction of the Country.

I say let the market drop to 6k."

Agreed, and it will happen sooner or later.