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Offline mystery-ak

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Dow plummets 750 points
« on: October 10, 2018, 07:53:57 pm »
Dow plummets 750 points in worst drop since March, Amazon and tech shares lead the rout
Fred Imbert   | @foimbert
Published 10 Hours Ago Updated Moments Ago

Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in months.

The Dow Jones Industrial Average traded 750 points lower as Intel and Microsoft fell more than 3 percent each. The Nasdaq Composite plummeted 3.5 percent.

The S&P 500 dropped 2.8 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level.

The Dow was on pace for its worst day since March, while the S&P 500 was tracking for its biggest decline since February.

more
https://www.cnbc.com/2018/10/10/us-markets-bond-yields-and-data-in-focus.html
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Offline Applewood

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Re: Dow plummets 750 points
« Reply #1 on: October 10, 2018, 08:21:24 pm »
What was that about the economy being really good now that Trump is president?

By the way, it's over 800 points.
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Offline InHeavenThereIsNoBeer

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Re: Dow plummets 750 points
« Reply #2 on: October 10, 2018, 08:42:26 pm »
Quote from: Applewood on October 10, 2018, 08:21:24 pm
What was that about the economy being really good now that Trump is president?

By the way, it's over 800 points.

This is the stock market, not the economy.
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Offline mirraflake

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Re: Dow plummets 750 points
« Reply #3 on: October 10, 2018, 08:47:47 pm »
Quote from: Applewood on October 10, 2018, 08:21:24 pm
What was that about the economy being really good now that Trump is president?

By the way, it's over 800 points.

This is actually a healthy correction. The stock market needed it.  Corrections are good.

@Applewood
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #4 on: October 10, 2018, 09:03:00 pm »
Quote from: Applewood on October 10, 2018, 08:21:24 pm
What was that about the economy being really good now that Trump is president?

By the way, it's over 800 points.

Ah. I was wondering when you would chime in with your pathetic bullshit. I notice you had your mouth shut over the last week when the market was making record gains.

Don't worry though. I am starting a fundraiser for you so that you can get a new refrigerator box to live in under your bridge. Don't want you suffering in such dire times.

BTW since when is an effing 4 percent drop in the Dow a panic situation? The GD thing dropped 25% in '87. That is a drop. Points drops are meaningless when the damn thing is running around 26K.   
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Offline Free Vulcan

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Re: Dow plummets 750 points
« Reply #5 on: October 10, 2018, 09:10:10 pm »
Well needed correction and not a big surprise. These days 750 points isn't squat for the Dow.
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Offline Free Vulcan

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Re: Dow plummets 750 points
« Reply #6 on: October 10, 2018, 09:18:22 pm »
Will add to that, we were up 45% since election '16 at the peaks last week. That's about as good as it gets.
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #7 on: October 10, 2018, 09:20:29 pm »
Quote from: Free Vulcan on October 10, 2018, 09:18:22 pm
Will add to that, we were up 45% since election '16 at the peaks last week. That's about as good as it gets.

You mean we are down 4% from a 45% run up? Only one thing to do....

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Offline InHeavenThereIsNoBeer

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Re: Dow plummets 750 points
« Reply #8 on: October 10, 2018, 09:20:59 pm »
Quote from: Frank Cannon on October 10, 2018, 09:03:00 pm
Ah. I was wondering when you would chime in with your pathetic bullshit. I notice you had your mouth shut over the last week when the market was making record gains.


Making record gains, while going down almost every day, including being down overall even without taking today into account?

I don't think it works that way.
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Offline Applewood

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Re: Dow plummets 750 points
« Reply #9 on: October 10, 2018, 09:22:45 pm »
@Frank Cannon

I had to post just to yank your chain.  I knew you would be pizzed and would have to post something.  You are just so cute when you're mad. 

By the way, the Dow has been dropping little by little over the last few days and I knew a bigger drop was coming.  No worries.  But hey, if you can raise some cash for me, I'll take it. 
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #10 on: October 10, 2018, 09:26:15 pm »
Quote from: InHeavenThereIsNoBeer on October 10, 2018, 09:20:59 pm
Making record gains, while going down almost every day, including being down overall even without taking today into account?

I don't think it works that way.

Are you on crack?
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Offline InHeavenThereIsNoBeer

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Re: Dow plummets 750 points
« Reply #11 on: October 10, 2018, 09:28:25 pm »

Quote from: Frank Cannon on October 10, 2018, 09:26:15 pm
Are you on crack?

10/326,828.39   
10/426,627.48
10/526,447.05   
10/826,486.78
10/926,430.57

« Last Edit: October 10, 2018, 09:32:37 pm by InHeavenThereIsNoBeer »
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Offline endicom

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Re: Dow plummets 750 points
« Reply #12 on: October 10, 2018, 09:30:27 pm »
Quote from: mirraflake on October 10, 2018, 08:47:47 pm
This is actually a healthy correction. The stock market needed it.  Corrections are good.

@Applewood


I agree. Let the 'bubbles' fizz off.



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Offline edpc

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Re: Dow plummets 750 points
« Reply #13 on: October 10, 2018, 09:44:15 pm »
It more than doubled itself under that dumbo eared clown, due to the artificially low interest rates.  Now that they’re climbing, the numbers will settle and be more realistic to actual economic productivity.
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #14 on: October 10, 2018, 10:08:21 pm »
Quote from: InHeavenThereIsNoBeer on October 10, 2018, 09:28:25 pm
10/326,828.39   
10/426,627.48
10/526,447.05   
10/826,486.78
10/926,430.57

It was 16K when Trump took office. It's 25K now.
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Offline Free Vulcan

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Re: Dow plummets 750 points
« Reply #15 on: October 10, 2018, 10:18:04 pm »
Quote from: Frank Cannon on October 10, 2018, 10:08:21 pm
It was 16K when Trump took office. It's 25K now.

I track the S&P and not the Dow. It was up over 60% at the recent peak.

Wow.
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Offline InHeavenThereIsNoBeer

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Re: Dow plummets 750 points
« Reply #16 on: October 10, 2018, 10:56:54 pm »
Quote from: Frank Cannon on October 10, 2018, 10:08:21 pm
It was 16K when Trump took office. It's 25K now.

Which has nothing to do with what happened last week, which is when you said it made record gains when actually it spent most of the time going down.

BTW, it was about 19.8K when trump took office.  A little lower the next day.
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Offline RoosGirl

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Re: Dow plummets 750 points
« Reply #17 on: October 10, 2018, 11:17:09 pm »
Oh good, it's still up 3.5% for the year.  Last I looked a few months ago it was only 1%.
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Offline Gefn

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Re: Dow plummets 750 points
« Reply #18 on: October 10, 2018, 11:35:37 pm »
Quote from: Frank Cannon on October 10, 2018, 09:20:29 pm
You mean we are down 4% from a 45% run up? Only one thing to do....



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Offline IsailedawayfromFR

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Re: Dow plummets 750 points
« Reply #19 on: October 11, 2018, 02:23:13 pm »
Quote from: mystery-ak on October 10, 2018, 07:53:57 pm

Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in months.

Where is all that news that tariffs are decimating this country?
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Offline RoosGirl

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Re: Dow plummets 750 points
« Reply #20 on: October 11, 2018, 02:27:29 pm »
Quote from: IsailedawayfromFR on October 11, 2018, 02:23:13 pm
Where is all that news that tariffs are decimating this country?

Did you miss the article yeaterday about Ford laying people off be ause tbe tarrifs have cost them an additional $1 Billion?
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #21 on: October 11, 2018, 02:30:49 pm »
Quote from: RoosGirl on October 10, 2018, 11:17:09 pm
Oh good, it's still up 3.5% for the year.  Last I looked a few months ago it was only 1%.

Yeah. Don't worry. You will be able to retire from that Hooking job on time.
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #22 on: October 11, 2018, 02:33:32 pm »
Quote from: RoosGirl on October 11, 2018, 02:27:29 pm
Did you miss the article yeaterday about Ford laying people off be ause tbe tarrifs have cost them an additional $1 Billion?

Did you miss the rebuttal articles calling that spin from Ford bullshit and that their real reasons for the lay offs have been baked in the cake for years?
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Offline RoosGirl

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Re: Dow plummets 750 points
« Reply #23 on: October 11, 2018, 02:47:14 pm »
Quote from: Frank Cannon on October 11, 2018, 02:33:32 pm
Did you miss the rebuttal articles calling that spin from Ford bullshit and that their real reasons for the lay offs have been baked in the cake for years?

No, but I suspect the teuth is somewhere in between the two.
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Offline Frank Cannon

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Re: Dow plummets 750 points
« Reply #24 on: October 11, 2018, 02:56:31 pm »
Quote from: RoosGirl on October 11, 2018, 02:47:14 pm
No, but I suspect the teuth is somewhere in between the two.

Right right right. It doesn't matter that the company has been mismanaged for years to the point they had to announce earlier this year they were stopping production of passenger cars because the only thing they can make is a light duty truck.
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