Dow plummets 1,700 points as investors grow fearful about the economy

CNN ^ | 11 June 2020 | Charles Riley and Anneken Tappe

[MeneMeneTekelUpharsin]

London (CNN Business)The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast. p.US stocks plummeted in New York, with the Dow (INDU) falling some 1,700 points at its low point. The index was down 1,675 points, or 6.2% with one hour left in the trading day. The S&P 500 (SPX) plummeted 5.5%, and the Nasdaq Composite (COMP) fell 4.8%. The Nasdaq had soared to all-time highs on each of the past three sessions and climbed above 10,000 points for the first time ever.

[MeneMeneTekelUpharsin]

They who know, don't say. Those who say, don't know. Where are all the experts on here now? Hmm???

[FR33DOM4ME]

It’s about time. This market is not grounded in reality.

[TribalPrincess2U]

Soros can manipulate the market. And others.

[MeneMeneTekelUpharsin]

Some will say it is a buying opportunity.
Others will say it is a crash.
I will say it is all just pure manipulation, to increase the rich man's stash.

[Gene Eric]

CNN is ATT

[MeneMeneTekelUpharsin]

It’s about time. This market is not grounded in reality.

Since we all now have agendas, shut your mouth you FINANCIAL RACIST! (Holds sign up alternately between holding hands up). Some on here strongly disagree with you. lolol.

[Guenevere]

The market, just like everything else going on, is being manipulated.

[abb]

Buy low, sell high. Works every time it’s tried.

[2aProtectsTheRest]

Completely disconnected from the real world. At this point, the market goes up when investors believe it will go up, and it goes down when investors believe it will go down. It’s become nothing but a self-fulfilling prophecy and market psychology gambling machine. It’s Vegas with fewer lights.

[MeneMeneTekelUpharsin]

Yes it is. It’s now down over 1800 points.

[Fiddlstix]

One thing is certain.....The Libs are jumping for joy at any bad news concerning the economy....

[deadrock]

Suckers panic.

[MeneMeneTekelUpharsin]

The Libs are jumping for joy at any bad news concerning the economy....

In between bites of very expensive ice cream.

[sheehan]

profit-taking

[RightGeek]

Every time the Fed breaks wind, markets fall.

[dfwgator]

It’s Just Profit-Taking, Bro.

[Fiddlstix]

Good Point!

[Ouchthatonehurt]

Just profit taking.

[freedom1st]

It’s just my opinion, but I think the market is selling off because it’s truly scared of the increasing probability of Slow Groping Joe becoming president.

[Mr. Rabbit]

The Soviet Propaganda Organs are pushing the “second wave” bullcrap now, and the market is probably worried that “republican” governers are going to panic and go full RinoCuck and re-lockdown.