General Discussion

still_one

(92,190 posts) Fri Feb 2, 2018, 04:00 PM Feb 2018

Stock market is down about 580 on the DOW. Wonder what Monday will bring?

I imagine they will blame this on President Obama somehow

22 replies

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Stock market is down about 580 on the DOW. Wonder what Monday will bring? (Original Post) still_one Feb 2018 OP

Wow. That's a huge drop. We'll see where it closes. bearsfootball516 Feb 2018 #1

MSNBC talking about Janet Yellen leaving, Ilsa Feb 2018 #2

The bond market sold off today, and no doubt interest rate concerns are part of this still_one Feb 2018 #4

I missed that part of the report. Thanks. nt Ilsa Feb 2018 #6

10-year yields nearing 3% now Roland99 Feb 2018 #13

Wait until those equity lines of credit adjustable loans start inching up, and they start to realize still_one Feb 2018 #15

Caveat Trumptor Roland99 Feb 2018 #17

Again - MSM Is Making Excuses For Trump..... global1 Feb 2018 #12

Oh, I agree, even though I'm no pro. Ilsa Feb 2018 #18

Just a little fun - I equate the wicked witch to the POS.. asiliveandbreathe Feb 2018 #3

Notice, all the bad guys are green.......... still_one Feb 2018 #8

Hit -600, and still dancing around that. nt Ilsa Feb 2018 #5

620 now deminks Feb 2018 #7

Dow down 631 as if 3:10 PM meow2u3 Feb 2018 #9

Dow up 6,000 pts since 3/2017. Too good to believe? OhNo-Really Feb 2018 #10

Today's Charts remind me of the 1928-1932 Dow Chart, am I right? OhNo-Really Feb 2018 #14

Message auto-removed Name removed Feb 2018 #11

nope. Interest rate worries. The Nunes memo is a joke. Absolutely NOTHING was there. still_one Feb 2018 #16

I disagree. I think the memo cbdo2007 Feb 2018 #20

That may be, but it wasn't the reason the market dropped. It droopped because there was a massive still_one Feb 2018 #21

And they will start blaming Obama in 5....4....3....2....1 n/t Yavin4 Feb 2018 #19

That's what I asked my husband - what did Obama do to the stock market? Vinca Feb 2018 #22

bearsfootball516

(6,377 posts)

1. Wow. That's a huge drop. We'll see where it closes.

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:01 PM

Feb 2018

Ilsa

(61,695 posts)

2. MSNBC talking about Janet Yellen leaving,

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:03 PM

Feb 2018

a positive jobs report possibly causing inflation.

Oops! There goes donald's big market.

still_one

(92,190 posts)

4. The bond market sold off today, and no doubt interest rate concerns are part of this

Reply to Ilsa (Reply #2)

Fri Feb 2, 2018, 04:05 PM

Feb 2018

Ilsa

(61,695 posts)

6. I missed that part of the report. Thanks. nt

Reply to still_one (Reply #4)

Fri Feb 2, 2018, 04:06 PM

Feb 2018

Roland99

(53,342 posts)

13. 10-year yields nearing 3% now

Reply to still_one (Reply #4)

Fri Feb 2, 2018, 04:19 PM

Feb 2018

still_one

(92,190 posts)

15. Wait until those equity lines of credit adjustable loans start inching up, and they start to realize

Reply to Roland99 (Reply #13)

Fri Feb 2, 2018, 04:22 PM

Feb 2018

that under those wonderful tax cuts home equity loan interest isn't deductible anymore.

Roland99

(53,342 posts)

17. Caveat Trumptor

Reply to still_one (Reply #15)

Fri Feb 2, 2018, 04:24 PM

Feb 2018

global1

(25,248 posts)

12. Again - MSM Is Making Excuses For Trump.....

Reply to Ilsa (Reply #2)

Fri Feb 2, 2018, 04:18 PM

Feb 2018

let's blame it on jobs report; Janet Yellen, the bond market; etc.

But let's give a pass to Trump. He didn't do anything to cause the traders in the market - to lose confidence or make them nervous. We're not on the verge of a Constitutional Crisis - that is Trump induced.

Let's continue to make excuses for him.

Ilsa

(61,695 posts)

18. Oh, I agree, even though I'm no pro.

Reply to global1 (Reply #12)

Fri Feb 2, 2018, 04:34 PM

Feb 2018

The memo proves nothing but trump's desperation. "The target is getting buggy," as Malcolm Nance says. He's getting more irrational, and there is speculation that the feces hit the fan in the next 60 days.

There goes the traders' hopes and dreams of trading on further deregulation, drilling in people's parks, and cutting taxes further on billionaires.

asiliveandbreathe

(8,203 posts)

3. Just a little fun - I equate the wicked witch to the POS..

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:04 PM

Feb 2018

still_one

(92,190 posts)

8. Notice, all the bad guys are green..........

Reply to asiliveandbreathe (Reply #3)

Fri Feb 2, 2018, 04:09 PM

Feb 2018

Ilsa

(61,695 posts)

5. Hit -600, and still dancing around that. nt

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:05 PM

Feb 2018

deminks

(11,014 posts)

7. 620 now

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:09 PM

Feb 2018

meow2u3

(24,764 posts)

9. Dow down 631 as if 3:10 PM

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:10 PM

Feb 2018

OhNo-Really

(3,985 posts)

10. Dow up 6,000 pts since 3/2017. Too good to believe?

Reply to still_one (Original post)

Fri Feb 2, 2018, 04:14 PM

Feb 2018

OhNo-Really

(3,985 posts)

14. Today's Charts remind me of the 1928-1932 Dow Chart, am I right?

Reply to OhNo-Really (Reply #10)

Fri Feb 2, 2018, 04:21 PM

Feb 2018

Dow chart 3/2017 - today

https://finance.yahoo.com/chart/%5EDJI/#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjIuODgxNDIyOTI0OTAxMTg1Niwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwic3R1ZGllcyI6eyJ2b2wgdW5kciI6eyJ0eXBlIjoidm9sIHVuZHIiLCJpbnB1dHMiOnsiaWQiOiJ2b2wgdW5kciIsImRpc3BsYXkiOiJ2b2wgdW5kciJ9LCJvdXRwdXRzIjp7IlVwIFZvbHVtZSI6IiMwMGIwNjEiLCJEb3duIFZvbHVtZSI6IiNGRjMzM0EifSwicGFuZWwiOiJjaGFydCIsInBhcmFtZXRlcnMiOnsiaGVpZ2h0UGVyY2VudGFnZSI6MC4yNSwid2lkdGhGYWN0b3IiOjAuNDUsImNoYXJ0TmFtZSI6ImNoYXJ0In19fSwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJeREpJIiwiY2hhcnROYW1lIjoiY2hhcnQiLCJ0b3AiOjB9fSwic2V0U3BhbiI6eyJtdWx0aXBsaWVyIjoxLCJiYXNlIjoieWVhciIsInBlcmlvZGljaXR5Ijp7InBlcmlvZCI6MSwiaW50ZXJ2YWwiOiJkYXkifSwicmFuZ2UiOiIxX1kifSwibGluZVdpZHRoIjoyLCJzdHJpcGVkQmFja2dyb3VkIjp0cnVlLCJldmVudHMiOnRydWUsImNvbG9yIjoiIzAwODFmMiIsImN1c3RvbVJhbmdlIjpudWxsLCJzeW1ib2xzIjpbeyJzeW1ib2wiOiJeREpJIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6Il5ESkkifSwicGVyaW9kaWNpdHkiOjEsImludGVydmFsIjoiZGF5IiwidGltZVVuaXQiOm51bGwsInNldFNwYW4iOnsibXVsdGlwbGllciI6MSwiYmFzZSI6InllYXIiLCJwZXJpb2RpY2l0eSI6eyJwZXJpb2QiOjEsImludGVydmFsIjoiZGF5In0sInJhbmdlIjoiMV9ZIn19XX0%3D

Dow 1918-1932

http://docs.house.gov/meetings/IG/IG00/20180129/106822/HMTG-115-IG00-Transcript-20180129.pdf

Response to still_one (Original post)

Name removed Message auto-removed

still_one

(92,190 posts)

16. nope. Interest rate worries. The Nunes memo is a joke. Absolutely NOTHING was there.

Reply to Name removed (Reply #11)

Fri Feb 2, 2018, 04:24 PM

Feb 2018

cbdo2007

(9,213 posts)

20. I disagree. I think the memo

Reply to still_one (Reply #16)

Fri Feb 2, 2018, 05:05 PM

Feb 2018

Cemented Trump's coming impeachment which will add uncertainty to the economy for much of the year. The market responds negatively to uncertainty. This drop is much more significant than an interest rate related drop.

still_one

(92,190 posts)

21. That may be, but it wasn't the reason the market dropped. It droopped because there was a massive

Reply to cbdo2007 (Reply #20)

Fri Feb 2, 2018, 06:38 PM

Feb 2018

sell off in the bond market, and the market is concerned about interest rates rising, which they are going to do

This was not unlike what happened in 1987. Of course programs accelerated the sell off then an now.

The Nunes memo revealed nothing new, and the very real risk of the Mueller's investigation to this administration was known as the market went up above 25 thousand on the DOW.

Higher interest rates mean a slower economy