Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dow dives 600 points to below 22,000, S&P 500 enters bear market - worst Christmas Eve ever
CNBC ^ | 12-24-2018 | Michael Sheetz/John malloy

Posted on 12/24/2018 10:22:06 AM PST by Sir_Humphrey

wo major stock indexes headed toward their worst Christmas Eve of trading ever on Monday, as the S&P 500 pushed to the cusp of a bear market.

Markets responded to turmoil in Washington. Multiple reports said President Donald Trump is discussing how to remove Jerome Powell from his position as chairman of the Federal Reserve. That discussion, as well as the recent market volatility, spurred Treasury Secretary Steven Mnuchin to call the leaders of the six largest U.S. banks over the weekend. Additionally, Defense Secretary James Mattis announced he would step down at the end of February, saying his views do not align with the president’s.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: 4dchess; bearmarket; concerntroll; tweets
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-133 next last
To: Sir_Humphrey

My take is that the ‘smart money’ did not like Brexit chaos, the Kavanaugh scourging, the Democrats taking the House, and other political screw-ups.

The ‘smart money’ has been busy shorting the equity markets since October 1st, while the average joe is told to not worry.

There is a political war between the Leftists and the Conservatives and markets do not do well during wartime.


21 posted on 12/24/2018 10:32:21 AM PST by Presbyterian Reporter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Revel
"The deep state is now increasing interest rates to make it dive. The action is designed to hurt Trump."

So why did Trump appoint him? Didn't he see this coming?

22 posted on 12/24/2018 10:32:50 AM PST by wmileo
[ Post Reply | Private Reply | To 10 | View Replies]

To: Sir_Humphrey

I agree. Trump shouldn’t be blustering on about interest rate increases. He should let the fed keep raising the lending rate until the money supply actually meets the demand for it. Presumably, that would also be the same interest rate from which banks will profit the most and at which inflation = 0.


23 posted on 12/24/2018 10:32:59 AM PST by Tolerance Sucks Rocks (Ya lyublyu kovfefe!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir_Humphrey
Again, the President nails it and his words will not only calm the market but inspire investors and drive the stock markets upwards!

The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!

24 posted on 12/24/2018 10:33:49 AM PST by Blue House Sue
[ Post Reply | Private Reply | To 1 | View Replies]

To: Starboard

If the Fed actually overtightened, it was purely by chance. They actually want enough looseness to keep a core inflation rate of about 2% (slow devaluation of our money, punishing savers and people who declare their capital gains on their taxes).


25 posted on 12/24/2018 10:35:26 AM PST by Tolerance Sucks Rocks (Ya lyublyu kovfefe!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Sir_Humphrey

Banks reassured everyone there is plenty of liquidity for lending...of course, at now higher levels of interest. Bwahahahaaaaa.... This is so funny.


26 posted on 12/24/2018 10:36:58 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir_Humphrey

If Trump got rid of most of the tariffs that he imposed — he can leave them on China, Mexico and other enemies, for all I care — these stock plunges would reverse themselves, for the most part.


27 posted on 12/24/2018 10:37:03 AM PST by Tolerance Sucks Rocks (Ya lyublyu kovfefe!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir_Humphrey

“The men in the smoke filled back rooms like to make money too”

A leftwad is a leftwad first, before anything else.

If the choice is between advancing their evil agenda or making money, they will choose the agenda every time.


28 posted on 12/24/2018 10:37:57 AM PST by dsc (Our system of government cannot survive one-party control of communications.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: budj
Fed kicks up interest rates and the market drops.

Interest rates go up, big money goes to interest bearing securities. Interest rates go down, they go to non-interest-bearing securities. It has nothing to do with any other news than war.

29 posted on 12/24/2018 10:38:50 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Sir_Humphrey

Screw wall st
Let it go to zero
Raze Manhattan
Start over with swampland


30 posted on 12/24/2018 10:39:14 AM PST by Truthoverpower (The guvmint you get is the Trump winning express !)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Sacajaweau

The Fed was wrong to raise the rates. Everyone says so.

><><

Trump has been criticizing the Fed for raising the rates. It’s a good CYA move on his part.


31 posted on 12/24/2018 10:39:55 AM PST by laplata (The Left/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Sir_Humphrey

Really?


32 posted on 12/24/2018 10:41:36 AM PST by miss marmelstein
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir_Humphrey

” The volatility started with tariffs. Now the markets have further spun out of control because of the general perception that the president is too indecisive and unpredictable.”

That’s an idiotic analysis.

The Fed is hiking interest rates, with no end in sight.


33 posted on 12/24/2018 10:41:54 AM PST by JPJones (More tariffs, less income tax.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laplata

This is all likely manipulated, as was, imho, 2008.

The globalists wanted Obama, and they crashed the economy. Today they don’t want Trump.


34 posted on 12/24/2018 10:42:24 AM PST by CondorFlight
[ Post Reply | Private Reply | To 31 | View Replies]

To: Sir_Humphrey
Looks like george sorros and deep state fingerprints all over this.
35 posted on 12/24/2018 10:42:30 AM PST by mountainlion (Live well for those that did not make it back.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laplata

The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!


36 posted on 12/24/2018 10:42:32 AM PST by Blue House Sue
[ Post Reply | Private Reply | To 31 | View Replies]

To: dsc

If the choice is between advancing their evil agenda or making money, they will choose the agenda every time.

><

Right on!


37 posted on 12/24/2018 10:42:40 AM PST by laplata (The Left/Progressives have diseased minds.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Sir_Humphrey

Let the lemmings impale themselves; the smart money will take these schmucks to the cleaners in January.


38 posted on 12/24/2018 10:42:43 AM PST by jmaroneps37 (Conservatism is truth. Liberal is lies.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Sir_Humphrey
I wish there was a “like” button as on Twitter😎 I’d been liking most of the above... Raising interest rates Soros Effort to take down Trump Dem controlled Congress The Uniparty Resistance is alive and well
39 posted on 12/24/2018 10:43:11 AM PST by MA FLA Deplorable
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

The Dow reflects the anticipated future in the next 6 months.


40 posted on 12/24/2018 10:43:30 AM PST by DownInFlames (Galsd)
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 121-133 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson