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.
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.
Headline and 4 sentences and it doesn’t say what it dropped? Duh.
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.”
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.
A less than 2% drop from a near-record high is hardly a freefall.
The Dow is artificially high because there are no other good investments. In addition, companies are buying back stock rather than expanding in this anti-business environment.
There will be a significant correction in the market this year. Diversify your investments, based on your age and expected retirement date. We survived 4 years of Carter. We will survive 8 years of Obama. Four years of Hillary or any other leftist? It may be time to retire overseas.