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DOW Stocks Worse Drop in History

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DOW Stocks Worse Drop in History

Old 02-05-2018, 12:18 PM
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Default DOW Stocks Worse Drop in History

So, it's looking like the Tax Plan has many in fear of the debt. We are now seeing the after-effects according to some analysts.

Who got nailed today by the DOW?

"The other major worry, though, appears to be over the tax reform bill passed earlier this year by Congress and signed by President Donald Trump. Economists and money managers fear that the increase to the $20 trillion U.S. national debt could carry major blowback to markets."
Old 02-05-2018, 12:19 PM
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Debt? Our whole world revolves around it...nothing new, but I guess that's the "reason du jour"
Old 02-05-2018, 12:20 PM
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http://www.chicagotribune.com/busine...205-story.html
Old 02-05-2018, 12:20 PM
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Fear of inflation and higher interest rates is driving this plus a lot of profit taking. Dow was down like 1500 then within five minutes it was down 700 (an 800 point turn around) now it is back down around 1000


Wild ride that is for sure
Old 02-05-2018, 12:21 PM
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Originally Posted by schoolsout1 View Post
Debt? Our whole world revolves around it...nothing new, but I guess that's the "reason du jour"
It is what most the analysts are saying right now. The Nunez memo didn't help.
Old 02-05-2018, 12:22 PM
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Originally Posted by Squid Row View Post
Fear of inflation and higher interest rates is driving this plus a lot of profit taking. Dow was down like 1500 then within five minutes it was down 700 (an 800 point turn around) now it is back down around 1000


Wild ride that is for sure
That's for sure. I'm riding it out, but this is becoming startlingly clear that this is more than a correction.
Old 02-05-2018, 12:22 PM
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I figure a major correction will take place at some point, it's all part of the money game.
Old 02-05-2018, 12:24 PM
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Originally Posted by Ki Ki View Post
It is what most the analysts are saying right now. The Nunez memo didn't help.
These are probably the same analysts that didn't see 2007-2008 coming. These analysts are stuck in a paradigm that doesn't mirror reality.

Eventually, the day will come where, either:

1) asset values fall to their true, non-inflated values
2) the USD (and other paper currencies) are destroyed via QE (money printing, per se) and markets go up and up and up, but a $1 wouldn't buy a piece of gum.
Old 02-05-2018, 12:24 PM
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Ppt
Old 02-05-2018, 12:25 PM
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Originally Posted by YFMF View Post
I figure a major correction will take place at some point, it's all part of the money game.
Agreed. But there are some that have been praying for this to happen for the past year, so they want to gloat a little.
Old 02-05-2018, 12:26 PM
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Originally Posted by RyanL11 View Post
Agreed. But there are some that have been praying for this to happen for the past year, so they want to gloat a little.
Who would want this to happen? Seriously? It's kicking my behind swiftly.
Old 02-05-2018, 12:28 PM
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Originally Posted by Ki Ki View Post
Who would want this to happen? Seriously? It's kicking my behind swiftly.
Umm, ME!....
Old 02-05-2018, 12:29 PM
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So tax reform was signed weeks ago and the fickle market just goes into panic mode now?
Old 02-05-2018, 12:29 PM
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Originally Posted by aubv View Post
Umm, ME!....
Why's that?
Old 02-05-2018, 12:30 PM
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Originally Posted by Ki Ki View Post
Who would want this to happen? Seriously? It's kicking my behind swiftly.
Savvy investors who are cash heavy, looking for a deal on anything from real estate to stocks, to assets.
Old 02-05-2018, 12:30 PM
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Originally Posted by Ki Ki View Post
Why's that?
Investing 101..
Old 02-05-2018, 12:31 PM
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Actually, the largest drop was 9/29/08 at nearly 7%. Today was just over 3% but the day isn't over.
Old 02-05-2018, 12:31 PM
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Originally Posted by REMfish7 View Post
So tax reform was signed weeks ago and the fickle market just goes into panic mode now?
Well, one of the aspects is that the supposed huge kickback to taxpayers, was indeed pennies as Ryan put it - $1.50 a week is a lot for families
Old 02-05-2018, 12:32 PM
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Originally Posted by t84a View Post
Actually, the largest drop was 9/29/08 at nearly 7%. Today was just over 3% but the day isn't over.
http://www.chicagotribune.com/busine...205-story.html

I'm talking in points, not percentage.
Old 02-05-2018, 12:32 PM
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Just another day at the office for most folks, and tomorrow is also just another day....

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