Posted on 08/05/2014 12:30:49 PM PDT by John W
U.S. stocks declined sharply Tuesday, with the Dow falling nearly 200 points, as traders cited uncertainty about the tension between Russia and Ukraine and concerns that the strengthening economy will lead to higher interest rates.
Stocks sold off rapidly, with the Dow dropping as much as 199 points, following media reports on comments by Polish officials on the crisis.
"The report today that Russian troops were lining on the borders of Ukraine preparing for an invasion -- whether accurate or not, I don't know, but it was not helpful," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"Selling begets selling when certain technical levels are breached," said Luschini, who listed the S&P 500 breaking below Monday's intraday low of 1,921.20 as among the drivers of the accelerated losses.
(Excerpt) Read more at cnbc.com ...
...and if they DO “line up,”
...and if they DO actually invade,
...who will do Anything about it, other than jawbone?
...
... I thought so.
S..L..O..E....... M.O.T.I.O.N....... stock awareness
Remember Obama has told us not to pay attention to the daily gyrations of the stock market.
Russia bringing peace to eastern Ukraine would have no horrible impact on the US economy unless the bankers and the global elite had intentions to exploit a Kiev gov which it would control.
A 200 point drop from an already high level can’t really be classified as more than a blip.
200 points is nothing.
That’s hardly fear of a Russian invasion of Ukraine.
Their more afraid of what the Feds doing.
Thanks for bringing a little perspective.
Anyone else get the feeling that the world is largely descending into utter chaos under 0bama, or is it just me?
I’d start asking questions of serious concern if we start getting 150+ point drops on the DJIA on a daily basis for an extended period of time like what happened after the Lehman Brothers collapse in September 2008.
I have a price in mind as ‘fair value’ for every stock in my portfolio. Add them up, that’s the ‘fair value’ of my portfolio, what the stocks would be worth in normal circumstances.
We have been way above ‘fair value’ for some time. As any investor knows, the market fluctates between euphoria and despair. You only see ‘fair value’ on the way from one to the other.
My stocks are still significantly overvalued.
I guess you have forgotten. Consider a 400-point drop one day followed by an 800-point drop the next. Consider the Dow falling by 40% in 3 months. Now that was a real bear market.
But that is not going to happen now. We might go down to 14000 or 13000.
You may hate his politics, but Joseph P. Kennedy was an extremely astute businessman and much of the family fortune came from being a "bargain hunter" and buying a lot of undervalued stock at the depth of the Great Depression and selling them later for a huge profit and buying a huge amount of supposedly distressed real estate on Manhattan for almost a literal song and selling them in the late 1930's at a huge profit. It's not a coincidence the Kennedy family was able to build that gigantic family compound at Hyannis Port, a very affluent community by anybody's standard.
Actually, he made his money by shorting the market before Black Friday. Many think he and his buddies started the Great Depression?
Stock peak will likely correlate with the age at which most people are likely to own the most stocks. In other words, the baby boom wave of peak stock ownership will soon decline as the boomers enter retirement.
[ I guess you have forgotten. Consider a 400-point drop one day followed by an 800-point drop the next. Consider the Dow falling by 40% in 3 months. Now that was a real bear market.
But that is not going to happen now. We might go down to 14000 or 13000. ]
Agreed, we are still riding the “Lie bubble”
So the financial elites are telling us the “market will collapse” unless we allow the US gov’t to run money, weapons and “advisors” to Ukraine.
I’m sick of the elites.
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