(and the prospect of interest rates going up in March), it's not surprising. Markets hate uncertainty and chaos, and we have plenty of that.

IQ45 will take care of it - he's the one who said it's all going well because of him!

and it is only the fake news media that says otherwise

His supporters will believe every word of it, just like they believe the market slumped under Obama

One of my favorite quotes from 1984:

It appeared that there had even been demonstrations to thank Big Brother for raising the chocolate ration to twenty grams a week. And only yesterday […] it had been announced that the ration was to be reduced to twenty grams a week. Was it possible that they could swallow that, after only twenty-four hours? Yes, they swallowed it.

The days of sugar stimulus from the Fed are coming to an end.

I think that is what is concerning the market

but more likely related to the bond market (see below).

That analysis was provided by Ali Velshi who may be the smartest business guy on cable at this point ( Since Mark Haines (sp?) passed away )

recover.

After 2008-9, the Market was kind of decoupled from those statistics. Pres Obama and Dodd-Frank temporarily stifled it a bit, but it looks like the Market has been going into Casino Mode again.

We may end up with the "best depression in history".

has roiled the bond market.

Yields on corporate bonds have to go up to match the yields the US Gov is now offering on Tbills. The Tbill yeilds had to increase because the government debt is increasing ( rapidly as it turns out ) so the government has to sell more.

Corporate bonds had to increase to match (nobody buys a lower yielding bond).

That is causing companies to spend more money ( future paybacks on those bonds)... thus the expectation that corporate profits will go down.

Hence... stocks are going down.

The increased profits due to tax cuts was already priced into the market ( thus the run up all of last year )

THANKS Trump! THANKS repukes!

Deficit supply side strikes again. Hope it isn't a "bagel" (obscure West Wing reference)

Markets hate uncertainty.
Trump is uncertainty on steroids.

Long past due

it was already announced that the debt limit will hit faster because of reduced revenue.

$1000 bonuses will be a blip on the radar, much like the Bush $300 checks. That will provide some short term cover on bills, but probably won't stimulate anything.

The market is bases on not much more than a gambler's mantra of bet the streak. Works fine until the streak ends.

I'm certain some demonstrative director of the domestic Dow will be along soon to lecture us that the fall is merely one one-hundredth of the smallest fraction in particle physics; and that by merely reporting the fall, we're becoming both hysterical and berserk.

They are looking for a 12% correction

Per CNBC

any bets on whether it stabilizes there or shoots right on through?

Not holding my breath. Sorry for all those who will lose retirement and 401 funds. I don't have any skin in the Wall Street game, so my hits will be secondary in escalating prices and such.

Time to hunker down.

I thought the market would correct back down to around 13K when it hit 16.5K - so what the Hell do I know.

Earnings are a mixed bag, and it's hard to interpret accurately, since a lot of companies (especially in housing) are taking charges because of the new tax law. Inflation and rising labor costs are expected to be a thing this year - while I don't think we'll see $15, the marketplace is effectively raising a lot of minimum wage jobs in my area to $10 - 12. My state has the legal minimum wage headed up to $9, IIRC.

If you are in the market and nearing retirement, it might be a good time to move some of your funds into safer investments.