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Omaha Steve

(99,642 posts) Mon Jun 8, 2015, 06:16 PM Jun 2015

US stocks end lower, pushing Dow into the red for the year

Source: AP

By STEVE ROTHWELL

NEW YORK (AP) — U.S. stocks are closing lower, putting the Dow Jones industrial average into the red for the year.

Airlines were among the biggest decliners Monday as investors worried that expanding capacity could hurt their profits. Delta Air Lines fell 5 percent and JetBlue Airways fell 7 percent.

Stocks have been falling broadly over the last two weeks as traders try to anticipate when the Federal Reserve will begin raising interest rates from their historic lows.

The Dow Jones industrial average gave up 82 points, or 0.5 percent, to 17,766.

FULL story at link.

Read more: http://bigstory.ap.org/article/087b5085cfc9457cad94b712196e00aa/us-stocks-open-slightly-lower-extending-recent-decline

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US stocks end lower, pushing Dow into the red for the year (Original Post) Omaha Steve Jun 2015 OP

The only question is will the bubble slowly deflat or pop and crash the system. yourout Jun 2015 #1

Since the TBTF financial system was never reformed, the banks are larger than ever. appalachiablue Jun 2015 #2

yourout

(7,528 posts)

1. The only question is will the bubble slowly deflat or pop and crash the system.

Reply to Omaha Steve (Original post)

Mon Jun 8, 2015, 06:44 PM

Jun 2015

And then we get asked to bail out the banks again.

appalachiablue

(41,136 posts)

2. Since the TBTF financial system was never reformed, the banks are larger than ever.

Reply to Omaha Steve (Original post)

Mon Jun 8, 2015, 07:55 PM

Jun 2015

Risky derivatives trading is still going on as are subprime auto loans, and speculation from student loans and housing rentals. The system has grown larger, more risky and fragile especially with the growth in assets markets. When it will deflate is the question. See economist Richard Wolff, Thom Hartmann who wrote the book, "The Crash of 2016", or economist Nouriel Roubini, the 'Prophet' who predicted the last crash who might have an idea.

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