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Purveyor

(29,876 posts) Mon Oct 13, 2014, 04:45 PM Oct 2014

U.S. Stocks End Monday Sharply Lower On Late Selloff

Source: MarketWatch

NEW YORK (MarketWatch) — The U.S. stock market ended Monday’s volatile session sharply lower as selling intensified at the last hour.

Volatile trading came on the heels of last week’s deep losses that had been triggered by global economic growth concerns.

Monday’s trading marked the fifth consecutive day of 1% moves for the S&P 500 and triple-digit moves for the Dow Jones Industrial Average.

Key technical levels were in focus, especially as there was no data on the economic calendar and bond markets were closed for Columbus Day holiday.

Read more: http://www.marketwatch.com/story/us-stocks-futures-flat-as-cautious-investors-look-to-earnings-2014-10-13

5 replies

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U.S. Stocks End Monday Sharply Lower On Late Selloff (Original Post) Purveyor Oct 2014 OP

The dow still closed at 16,321.07. That's almost DOUBLE what it was when junior left the white house loudsue Oct 2014 #1

In the last year, the dollar has gained against the Yen and the Euro. amandabeech Oct 2014 #4

Because the Dow is so high these days, SheilaT Oct 2014 #2

About 770 pts more to drop until it is considered a "10% correction" BumRushDaShow Oct 2014 #3

I bought petrol for 2.94 this very afternoon. Can't remember when it was under Purveyor Oct 2014 #5

loudsue

(14,087 posts)

1. The dow still closed at 16,321.07. That's almost DOUBLE what it was when junior left the white house

Reply to Purveyor (Original post)

Mon Oct 13, 2014, 05:04 PM

Oct 2014

What worries me more is the falling dollar.

amandabeech

(9,893 posts)

4. In the last year, the dollar has gained against the Yen and the Euro.

Reply to loudsue (Reply #1)

Mon Oct 13, 2014, 06:42 PM

Oct 2014

The current rate is something like 109 Yen per dollar--previously, it was around 100 or 101.

For a long time the Euro was worth $1.37, more or less. Now it is around $1.26.

The dollar/sterling ratio is about the same.

What am I missing.

SheilaT

(23,156 posts)

2. Because the Dow is so high these days,

Reply to Purveyor (Original post)

Mon Oct 13, 2014, 05:39 PM

Oct 2014

above 16,000, a two or three hundred point move looks like a lot, but isn't really all that much.

No matter what happens on November 8, 2016, we will still have a Democratic President at least until January 20, 2017. So we have more than two years of probably economic growth. At least.

Yeah, I have investments, and I have noticed a drop in their value recently. But I'm sure as heck not going to sell everything, because that would be pretty dumb.

BumRushDaShow

(129,060 posts)

3. About 770 pts more to drop until it is considered a "10% correction"

Reply to Purveyor (Original post)

Mon Oct 13, 2014, 05:58 PM

Oct 2014

Gold shot up some but oil is still down (price near me finally dropped down to $3.39/gal).

Purveyor

(29,876 posts)

5. I bought petrol for 2.94 this very afternoon. Can't remember when it was under

Reply to BumRushDaShow (Reply #3)

Mon Oct 13, 2014, 10:16 PM

Oct 2014

$3.00 last. Even driving my 'big boy' on occasion now!

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