DJIA finishes the week with the biggest drop in two years.
Throw some logs on that fire! I just did.
Throw some logs on that fire! I just did.
Buy, Buy, Buy!
- Thread starter Tucker301
- Start date
Long term investment buy in right now isn't a bad idea despite some clear signs of inflated valuations, but there are indications that 2018 will be too volatile to perpetuate large scale short term investments.
That's my uneducated observation. Worth exactly what you paid for it.
That's my uneducated observation. Worth exactly what you paid for it.
I have quite a bit of both but the way things look lately, I may need more....rope
I agree but rates are worrisome. I hope it drops another 5%.
I am so enjoying the fact that the market can't be timed
I am so enjoying the fact that the market can't be timed
S&P 500 falls 4.1%, worst decline since 2011
Myles Udland
Markets Reporter
Yahoo FinanceFebruary 5, 2018
Stocks got smoked on Monday, extending last week’s sell-off, which was already the worst week since 2016.
After a wild start to the trading day that saw markets open deep in the red before rallying to turn positive, markets slid again throughout the afternoon with the Dow losing as much as 1,597 points by mid-afternoon.
Monday marked the largest single-day decline for the blue chip index on a points basis, though the percentage losses seen Monday are far from the worst in the Dow’s history.
After the dust settled, the Dow closed down 1,175 points, or 4.6%, while the S&P 500 closed down 113 points or 4.1%. The tech heavy Nasdaq shed 273 points, or 3.8%. This slide has sent the Dow below the 25,000 milestone, which it eclipsed for the first time in early January. The blue chip index is now negative for the year after having gained 6% in just the first few weeks of the year.
It was a historically ugly day for the Dow.
More
Monday’s losses on the Dow were led by Exxon Mobil (XOM), which was down 5.9%, and Chevron (CVX), down 5.4%. All 30 Dow components closed in the red.
The decline in stock market caught the attention of the Trump administration, which in a statement to CNBC’s Eamon Javers on Monday morning said, “We’re always concerned when the market loses any value, but we’re also confident in the economy’s fundamentals.”
The proximate cause of this latest market decline is the rise in Treasury yields this year that sent the benchmark 10-year yield to 2.85% last week, its highest level in four years. This comes just 18 months after the 10-year hit a record low. In afternoon trade on Monday, the 10-year was sitting near 2.81%.
Additionally, strong wage data last Friday from the Bureau of Labor Statistics saw markets brace for more aggressive interest rate hikes from the Federal Reserve in the year to come.
Monday is another ugly day in markets after last week saw stocks have their worst week in two years.
More
Low interest rates have, in part, been bolstering stock market valuations since the financial crisis. Back in October, Warren Buffett outlined why he still thought stocks were attractive given low Treasury yields. The 10-year yield is up 50 basis points since those comments.
Investors are also coming off a 15-month period following Donald Trump’s presidential election win in which markets were calm and returns were strong, and yet a creeping skepticism about the market had become a more common discussion among investors.
Myles Udland
Markets Reporter
Yahoo FinanceFebruary 5, 2018
Stocks got smoked on Monday, extending last week’s sell-off, which was already the worst week since 2016.
After a wild start to the trading day that saw markets open deep in the red before rallying to turn positive, markets slid again throughout the afternoon with the Dow losing as much as 1,597 points by mid-afternoon.
Monday marked the largest single-day decline for the blue chip index on a points basis, though the percentage losses seen Monday are far from the worst in the Dow’s history.
After the dust settled, the Dow closed down 1,175 points, or 4.6%, while the S&P 500 closed down 113 points or 4.1%. The tech heavy Nasdaq shed 273 points, or 3.8%. This slide has sent the Dow below the 25,000 milestone, which it eclipsed for the first time in early January. The blue chip index is now negative for the year after having gained 6% in just the first few weeks of the year.
It was a historically ugly day for the Dow.
More
Monday’s losses on the Dow were led by Exxon Mobil (XOM), which was down 5.9%, and Chevron (CVX), down 5.4%. All 30 Dow components closed in the red.
The decline in stock market caught the attention of the Trump administration, which in a statement to CNBC’s Eamon Javers on Monday morning said, “We’re always concerned when the market loses any value, but we’re also confident in the economy’s fundamentals.”
The proximate cause of this latest market decline is the rise in Treasury yields this year that sent the benchmark 10-year yield to 2.85% last week, its highest level in four years. This comes just 18 months after the 10-year hit a record low. In afternoon trade on Monday, the 10-year was sitting near 2.81%.
Additionally, strong wage data last Friday from the Bureau of Labor Statistics saw markets brace for more aggressive interest rate hikes from the Federal Reserve in the year to come.
Monday is another ugly day in markets after last week saw stocks have their worst week in two years.
More
Low interest rates have, in part, been bolstering stock market valuations since the financial crisis. Back in October, Warren Buffett outlined why he still thought stocks were attractive given low Treasury yields. The 10-year yield is up 50 basis points since those comments.
Investors are also coming off a 15-month period following Donald Trump’s presidential election win in which markets were calm and returns were strong, and yet a creeping skepticism about the market had become a more common discussion among investors.
So is this still obama's economy like the media has been saying for the last year? I haven't turned on the
Your avatar stopped showing tits. Better get it checked out.
There will be all out war before that happens. The ones who control the money arent going to give up control with out a fight. They will do anything to preserve that power.
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