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Author Topic: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss  (Read 557 times)

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Offline catfish1957

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Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« on: June 18, 2021, 03:24:32 pm »



https://www.marketwatch.com/story/dow-poised-to-skid-lower-to-end-fed-week-mark-5th-straight-drop-11624017361?mod=bnbh

<snipit>
U.S. stocks opened sharply lower Friday, with the Dow and S&P 500 index headed for weekly declines, as investors continued to digest the Federal Reserve’s updated outlook for the economic recovery from COVID and inflation.

Friday also marks quadruple witching day, which is the simultaneous expiration of single-stock options, single-stock futures, stock-index options and stock-index futures.

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A lot of market movement is what I call macro trends.  When every angle alligns negatively, the obvious bad things will happen. In this case, unstainable P/E ratios, with balooning inflation, and struggling employment numbers are a harbringer to some really tough news for Biden's agenda.   If he somehow is successful in his $6T Fedzilla infusion plan, watch for unprecedented hyperinflation here. 

Seeing a rare situation, where there is no decent place to park money right now, or shift investments.  After 5 straight drops in the broad market, it is a pretty safe bet to say that the Bulls are fleeing.....   And might be hiding for quite a long time.
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Offline thackney

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Re: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« Reply #1 on: June 18, 2021, 04:46:49 pm »
Quote from: catfish1957 on June 18, 2021, 03:24:32 pm
Seeing a rare situation, where there is no decent place to park money right now, or shift investments. 

Rural area real estate???
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Offline Free Vulcan

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Re: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« Reply #2 on: June 18, 2021, 07:38:19 pm »
This downtrend hasn't even approached the last, and on much lower volume. We got another upshot or two, at least.
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Offline GrouchoTex

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Re: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« Reply #3 on: June 18, 2021, 08:10:19 pm »
Quote from: thackney on June 18, 2021, 04:46:49 pm
Rural area real estate???

Shhhh!
Don't tell everybody.
I'm just a few years short of doing that myself, and I don't want the prices to skyrocket.
 :cool:
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Offline Cyber Liberty

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Re: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« Reply #4 on: June 18, 2021, 09:17:43 pm »
Update:

DJIA closed at -533.37. Session low.
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Offline catfish1957

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Re: Dow sinks 400 points on ‘quad witching’ Friday, benchmark on verge of 5th straight loss
« Reply #5 on: June 18, 2021, 10:41:05 pm »
Quote from: thackney on June 18, 2021, 04:46:49 pm
Rural area real estate???

Inlation increases for farm land has actually exceeded other other areas of real estate.  $7-8K/acre is pretty common in the midwest.

Just IMO, outside of harvestable timber land, I really don't like to invest in real estate that does not provide an income.
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