Posted on 03/10/2015 2:12:31 PM PDT by John W
NEW YORK (MarketWatch) — The Dow Jones Industrial Average suffered its worst one-day point drop in five months as investors began pricing in a rate hike by the Federal Reserve by the middle of the year, while other central banks are embarking on a quantitative easing path.
ECB’s bond purchases sent European government bond yields sharply lower, while euro fell to multiyear lows against the dollar, wreaking havoc on foreign exchange and commodity markets.
Tuesday’s free fall erased 2015 gains for the S&P 500 and Dow industrials, pushing the indexes slightly negative for the year.
The surging dollar hammered commodities, while investors piled into Treasurys, sending yields on the 10-year note down sinking seven basis points to 2.12%.
(Excerpt) Read more at marketwatch.com ...
I say it dropped because of H!’s lame excuses.
Of course I don’t like to see anyone take a loss on stocks, but it does please me to see this feather in Obama’s cap get blown away.
He acts as if we have a booming economy, and full employment. Things that contribute to this ass-hat being seen for the dismal failure he is, are fine with me. (within limits)
Friday’s rosy unemployment numbers convinced investors that the Fed will raise rates sooner rather than later. The labor market, in reality, sucks, but 5.5% gives the Fed the fig leaf it needs.
Good. Drop some more. The lower the better for most of us at this point in our lives. I want to buy as much stock for the buck I can. I cry when I see the dow rise and get excited when the dow falls. I would imagine most feel the same way as I do or should.
I posted this a little less than a month ago:
http://www.freerepublic.com/focus/f-chat/3257823/posts?page=2#2
“I heard where the market is yesterday and thought, “Oh man, those that think it’s recovered and it’s time to get back in are being suckered. It’s starting to look like a sine wave, and it’s on it’s zenith again.”
I remember when the big crash came several years ago. The market was fluctuating wildly in both directions. Kinda like it is now...
Maybe some of the party goers got wind of this: http://www.freerepublic.com/focus/f-news/3266350/posts does not good, but I`m no expert so as far as I`m concerned only time will tell.
Don’t worry, if it continues for another couple days, the FED will start buying S&P futures and options.
Did you see this post http://www.freerepublic.com/focus/f-news/3266350/posts
Headline and 4 sentences and it doesn’t say what it dropped? Duh.
And announce that because of the unexpected weakness in the economy, interest rates on savings will stay at near 0%.
You're not suggesting it's a rigged game, are you?
ABCNews Money:
“The Dow sank 332.78 points, or 1.9 percent, to 17,662.94. The S&P 500 fell 35.27 points, or 1.7 percent, to end at 2,044.16. The Nasdaq composite lost 82.64 points, or 1.7 percent, to 4,859.79.”
Heh. ;-)
They can only kick the can down the road until they run out of road. We’re getting there. Some will argue it’s September 13th of this year.
Neil Cavuto said it was due to the strong dollar. ????
Everytime the market drops a percent and a half or more its the same old song!
Hardly a doomsday scenario at this point. A 5% drop is hardly a correction and just balances things out from an overbought condition.
Weakness will be bought up probably before the week is over.
I’ll stay long, the dollar is due to reverse its upward trend very soon and international funds will rally on that.
I wonder if the market rise doesn’t represent the devaluing dollar. Companies have real assets and value. When the dollar is worth less, it takes more of them to buy the same value in the company. That’s my theory.
A less than 2% drop from a near-record high is hardly a freefall.
I think he was saying that he wants to see the Stock Market drop so he can buy more shares for the buck...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.