DOW is CRASHING
Posted 02 February 2018 - 11:42 PM
Dow drops 666 points
" Dow drops 666 points and posts its worst week since 2016
The Dow Jones industrial average plunged 2.54 percent closing down 666 points Friday and suffered its worst week in two years as concerns over rising interest rates and inflation from an overheated economy triggered a long-feared sell-off.
It was the worst day for stocks since President Trump took office and a stark reversal from the optimism that has propelled the markets higher for most of the past year. The stock market has been on a historic nine-year bull run.
The U.S. and world economies are so strong that people think it cannot last. Concerns were fueled by a Labor Department report that wages in January were 2.9 percent higher than a year go and unemployment held at 4.1 percent. A tightening labor market sparked fears that interest rates will rise."
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Edited by Atossa, 02 February 2018 - 11:43 PM.
Posted 04 February 2018 - 07:06 PM
Stock markets have to "correct" periodically to portray a more reasonable price-earnings ratio, closer to 15, in order to attract new investors to replace those taking a profit.
That's assuming profits were taken before this recent 1000 point drop.
Reminds me of something Rothschild said about buying when there's blood in the streets.
But what he didn't say... the Rothschilds fostered and manipulated blood in the streets.
Edited by Atossa, 04 February 2018 - 07:07 PM.
Posted 05 February 2018 - 02:42 AM
Dow futures slide more than 200 points as Wall Street adds to Friday's losses
Updated 2 Hours Ago CNBC.com
" U.S. stock futures fell sharply on Sunday as Wall Street added to the large losses set last week.
Dow Jones industrial average futures pulled back more than 200 points and briefly fell more than 250 points, while S&P 500 and Nasdaq 100 futures declined 19 points and 37.75 points, respectively. "
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