Dow logs 830-point loss

U.S. stocks slid sharply Wednesday as investors sought safe havens from rising interest rates and the feared reversal of years of consistent gains for technology companies. The Dow Jones Industrial Average dropped 831 points Wednesday afternoon, losing 3.2 percent on the day.

  • Like 1

Share this post


Link to post
Share on other sites

The budget deficit has continued to climb in recent years, raising concerns the country’s debt load, now exceeding $21.5 trillion, is growing out of control. The Treasury reported Thursday that the government paid $523 billion in interest in fiscal 2018, the highest on record. A combination of Republican tax cuts, increased federal spending and an aging population are adding to budget strains, though the GOP says tax reform will spur economic growth and lift tax revenue. When the government doesn’t have the money to pay for things, rates go up

  • Like 1

Share this post


Link to post
Share on other sites

1 minute ago, 李伟王芳 said:

The budget deficit has continued to climb in recent years, raising concerns the country’s debt load, now exceeding $21.5 trillion, is growing out of control. The Treasury reported Thursday that the government paid $523 billion in interest in fiscal 2018, the highest on record. A combination of Republican tax cuts, increased federal spending and an aging population are adding to budget strains, though the GOP says tax reform will spur economic growth and lift tax revenue. When the government doesn’t have the money to pay for things, rates go up

Fed - Let's keep raising the rates - It's good for business and economy. Like to hear their numbskull rational why high interest rates and high inflation are good for business or consumers.

  • Like 1

Share this post


Link to post
Share on other sites

7 minutes ago, Sefko Trafikant said:

U.S. stocks slid sharply Wednesday as investors sought safe havens from rising interest rates and the feared reversal of years of consistent gains for technology companies. The Dow Jones Industrial Average dropped 831 points Wednesday afternoon, losing 3.2 percent on the day.

Market will come back and those who invest in keeping with the triangle golden rule will be just fine. There is something about October

  • Like 1

Share this post


Link to post
Share on other sites

12 minutes ago, Sefko Trafikant said:

U.S. stocks slid sharply Wednesday as investors sought safe havens from rising interest rates and the feared reversal of years of consistent gains for technology companies. The Dow Jones Industrial Average dropped 831 points Wednesday afternoon, losing 3.2 percent on the day.

Third quarter earnings start coming out on Friday. Reports say that double digit profits will be way above expectations. Corporations will publish outstanding forward looking statements for 2019.

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites

Just now, Joanna said:

Third quarter earnings start coming out on Friday. Reports say that double digit profits will be way above expectations. Corporations will publish outstanding forward looking statements for 2019.

I hope this materializes 

  • Like 1

Share this post


Link to post
Share on other sites

14 minutes ago, Sefko Trafikant said:

U.S. stocks slid sharply Wednesday as investors sought safe havens from rising interest rates and the feared reversal of years of consistent gains for technology companies. The Dow Jones Industrial Average dropped 831 points Wednesday afternoon, losing 3.2 percent on the day.

Who woke the bear up ? Hang tight till after mid terms, then make a decision.

Share this post


Link to post
Share on other sites

Dow is up over 1,000 for the year... 6,000 since Trump became president. 

  • Like 1

Share this post


Link to post
Share on other sites

I'll believe it is actually a crash if this becomes a trend. We saw those two nearly 1,000 point drops in the Dow earlier this year, and since then, they've recovered to hit new highs.

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites

It looks like the Dow dropped from about 26500 to about 25300.  That's approximately 4.5%. 

Really?  4.5% is news?  This is the stock market; it's supposed to be volatile.  I'll get excited when it loses more than 20% - and then only because everything will be on sale. 

A primer on stocks for those unaware of how this works.

  • Like 2

Share this post


Link to post
Share on other sites

Its just a sneeze, no flu, minor adjustment , still at an all time record high.

  • Like 2
  • Upvote 1

Share this post


Link to post
Share on other sites

Heading down again. Energy (oi)l is down but some of my oil  sector stocks are holding up better than I want. I am sniffing around with dry powder waiting to shoot this barreled fish.

 

  • Like 2

Share this post


Link to post
Share on other sites

5 hours ago, 李伟王芳 said:

When the government doesn’t have the money to pay for things, rates go up

And when rates go up, it makes it harder for the government to pay for things. 

  • Like 1
  • Upvote 1

Share this post


Link to post
Share on other sites

36 minutes ago, Cowpoke said:

Heading down again. Energy (oi)l is down but some of my oil  sector stocks are holding up better than I want. I am sniffing around with dry powder waiting to shoot this barreled fish.

 

I have been in the stocks for a long time and for long term investments particularly energy, banks and some tech. since 1988, even this down dip is presenting some good opportunities

  • Like 4

Share this post


Link to post
Share on other sites

1,377 yesterday and today

  • Like 1

Share this post


Link to post
Share on other sites

20 hours ago, ceo_energemsier said:

I have been in the stocks for a long time and for long term investments particularly energy, banks and some tech. since 1988, even this down dip is presenting some good opportunities

If you judge the market based upon the price of the stocks verse the earnings of the company, the market hasn't been this cheap since 2015.   

Share this post


Link to post
Share on other sites

On 10/11/2018 at 8:51 AM, Sefko Trafikant said:

Fed - Let's keep raising the rates - It's good for business and economy. Like to hear their numbskull rational why high interest rates and high inflation are good for business or consumers.

Right it's great news for the banks and the rich 1 percent.

Share this post


Link to post
Share on other sites