Author Topic: Dow tumbles 1000 points as global stock market sell-off continues - business live  (Read 890 times)

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Offline AbaraXas

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Ouch.. there had to be some corrections going on. A slow correction is always better though.

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This is an astonishing selloff. Shares are going through the floor on Wall Street.
The Dow just extended its losses to 1,500 points - a fall of over 6% today......

https://www.theguardian.com/business/live/2018/feb/05/stock-markets-slide-global-sell-off-service-sector-bitcoin-business-live








Offline Wingnut

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Anyone jumping out of widows?
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Offline goodwithagun

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I have everything in stable value options. We’ll see what happens.
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Offline AbaraXas

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Anyone jumping out of widows?

Nope, but may be a good buy opportunity..

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I have everything in stable value options. We’ll see what happens.

I still have a quarter in large caps.  I had a lot more in there last year, but I shifted half into stables late last year.  Getting too close to retirement.
I will NOT comply.
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Nope, but may be a good buy opportunity..

I'm hoping it lasts a few days, until next paycheck's contribution on Friday.
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Offline Wingnut

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Nope, but may be a good buy opportunity..

Wouldn't that be messy?  All the blood and guts to get off the certificates?
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Offline AbaraXas

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Wouldn't that be messy?  All the blood and guts to get off the certificates?

Naaa, extra protein.

Offline Victoria33

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Right now, about 3 pm, it is down over 1,000 points.  Since Trump took credit for it going up, it must be his fault it is tanking big time.
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Offline SirLinksALot

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Can anybody explain and give us a rational explanation for this Sudden sell-off ( A HUGE ONE )?[

Is the market simply indicating that it went up too high too fast?

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Oct. 1987 as a 22% drop in one day.

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Offline Wingnut

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Right now, about 3 pm, it is down over 1,000 points.  Since Trump took credit for it going up, it must be his fault it is tanking big time.

You have got such a narrow mind, when you walk fast do your earrings bang together?
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Offline 240B

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Is the market simply indicating that it went up too high too fast?



Yes, that's it. The stock market is showing something similar to a bitcoin selloff. Too high, too fast. Once the market reaches a sustainable level, and normalizes, it could be a big buying opportunity. In history, the NYSE has acted similar to a virgin girl. Once a level is hit once, it is much easier to get there again.


Those levels have been reached. Everyone knows that it is possible and has adjusted to it. We will see those levels again, most likely before the end of the year. IMHO
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Online Frank Cannon

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Can anybody explain and give us a rational explanation for this Sudden sell-off ( A HUGE ONE )?[

Is the market simply indicating that it went up too high too fast?


It is a normal correction that is being fouled up with HFT bullshit. This is what happens when half the market is being traded with computers using algos the decide buying and selling.

BTW, this loss today in percentages is barely .25%. This is not a big deal or a massive sell off.
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Offline XenaLee

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Can anybody explain and give us a rational explanation for this Sudden sell-off ( A HUGE ONE )?[

Is the market simply indicating that it went up too high too fast?


I suspect it's just another attempt to make Trump look bad.... and a lashing back over the recent release of the Nunes memo.  But....yeah.  I am probably just being a CT re: that...lol.
« Last Edit: February 05, 2018, 04:08:02 PM by XenaLee »
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Can anybody explain and give us a rational explanation for this Sudden sell-off ( A HUGE ONE )?[

Is the market simply indicating that it went up too high too fast?


That would be a "correction," normally defined as a 10% pullback.  That would be over 2,600, counting last week.  This drop looks ugly, but I'm not getting ready to jump off any buildings soon.
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Online Cyber Liberty

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It is a normal correction that is being fouled up with HFT bullshit. This is what happens when half the market is being traded with computers using algos the decide buying and selling.

BTW, this loss today in percentages is barely .25%. This is not a big deal or a massive sell off.

Your decimal point is off, it's about 2.5%.  Still not that big a deal.
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Offline XenaLee

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Your decimal point is off, it's about 2.5%.  Still not that big a deal.

Only 2.5% drop?   The left is making it sound like the end of the world!
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Offline Wingnut

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That would be a "correction," normally defined as a 10% pullback.  That would be over 2,600, counting last week.  This drop looks ugly, but I'm not getting ready to jump off any buildings soon.

So your Bungee Cord platform jump last week was just for the rush...not practice?   :smokin:
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Offline 240B

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In the 90s, an 8000 point DOW was considered an explosion.
Now that we are in the 25000 levels, the swings are necessarily going to be larger.
That's why the number 1100 point sell off, doesn't really matter.
The only number that matters is the percentage of the whole. And at 1100/25000 the number is tiny.
« Last Edit: February 05, 2018, 04:15:29 PM by 240B »
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Only 2.5% drop?   The left is making it sound like the end of the world!

Of course.  it's like a Geico commercial:  "It's what they do."

We're still a ways from "correction" status.
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Online Cyber Liberty

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So your Bungee Cord platform jump last week was just for the rush...not practice?   :smokin:

It was that or take some high-power laxatives.  The bungee was cheaper.  Besides, I was over @Frank Cannon's slums at the time and I wanted to kill two birds with one stone.
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Online DB

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Your decimal point is off, it's about 2.5%.  Still not that big a deal.

-4.7% at closing (1175 drop from 25000)...

Offline Wingnut

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It was that or take some high-power laxatives.  The bungee was cheaper.  Besides, I was over @Frank Cannon's slums at the time and I wanted to kill two birds with one stone.

LOL.  That would do it.   
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