Posted on 08/24/2015 2:57:20 AM PDT by Enlightened1
(Excerpt) Read more at data.cnbc.com ...
If it holds that is about 8% in 3 days...I just don’t see a stopping point as spending and forecasts are so poor.
In some ways it has to drop to keep up with the downward trend in oil prices. Think about it, oil has dropped 2/3 from its peak. That’s got to have impact, even if we are not seeing it at the pump.
Not bumpy for me, I got nothing invested in the stock market.
But then, I consider the stock market a game that’s inherently rigged against the little guy.
Unless I am mistaken,if the market opens more than -350 from previous close then that is limit down. and there is an automatic thirty minute delay on re-opening. My...that would be embarrassing.
Was that a sonic boom?
Or the stock market bubble finally bursting?
A Republican president would have a heap o’ blame laid on him right about now.
Surprised the team didn’t step in Friday to help out the current president as they’ve done for six and a half years. Maybe they were on vacation with him. All back in town now so we’ll see.
Heap o’blame? Heck they’d be after him with tar, feathers, and pitchforks. Guess I’ll cry over my 401k later
Boogeddy, boogeddy, boogeddy!
Damn that Bush for continuing to screw up the economy.
Problem is, this is probably going to mean interest rates on savings won’t be raised AGAIN.
Down -420 @6:30
Exactly. I mean there is no way THIS can be laid at the feet of Dear Leader. Even I could see a correction would occur. Boom, there goes the economy.
CNBC shamefully tries to blame everyone and everything else for the US market slide except for the transgressions of the Obama administration over the past seven years.
The proper backstop for the stock market is a healthy economy and minimal ridiculous government intrusions. As for the Fed - they wouldn’t have to print if Washington was fiscally responsible.
Jubilee year.
GWB got the ball rolling. He started the direction of escalating federal debt, quantitative easing, and lower interest rates on savings. Those are the things that are running amuck. Another major factor is Saudi Arabia glutting the oil market to maintain its dominance. US and our buddies were okay with that because they want to punish Putin for not going along with their global ambitions. Now there's a maniac terrorist ISIS that can't be stopped that happened in the vacuum caused by ousting effective Mideast leaders and out of control migration.
Perfect storm? Might be. Everything about it (except lowered oil prices by Saudi) started with GWB's initiatives.
So, yeah, GWB gets a real lot of the blame for getting the ball rolling. And the Republican "leadership" in DC gets a lot of blame for not stopping the increase in federal debt.
“Problem is, this is probably going to mean interest rates on savings won’t be raised AGAIN.”
And that’s a very big problem. One that few talk about anymore.
The dismal returns in a passbook savings account forces people to venture into riskier assets, who really shouldn’t go there. But what can they do?
Something very cynical is going on here.
Well... Isn’t this just a ray of *&^%*$ sunshine greeting to a Monday morning.
As a business owner I just don’t think I have another recession in me, the last one took its toll too deep to want to ride another one out.
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