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Dow keeps dumping. Monday loses more than 450 points


reditaccount288

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reditaccount288

https://www.teletrader.com/dow-falls-more-than-450-points-as-stocks-extend-lo/news/details/42053285?internal=1

 

The Dow Jones Industrial Average lost over 450 points during trading on Monday as a global sell-off in equities continued on markets across the globe. The blue-chip index plunged over 650 points during Friday’s session in its biggest one-day sell-off since June 2016. The Dow was 1.82% in the red at 25,051.54 points at 7:29 pm CET. Meanwhile, the S&P 500 fell 1.40% at 7:33 pm CET, while the Nasdaq 100 declined 0.77% at the same time.

Markets in Europe closed with losses as well, buoyed by heightened expectations of interest rate hikes as various economic reports last week signaled a stronger global economy.

Find your freedom in the music, find your jesus, find your kubrick.
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PunkTheFunk

I think the JWT cancellation may have something to do with this :ohno:@Economy can you confirm?

TIK tik tik tik tik RECESSION? :ohno:

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Born To Slay

This is ****ing great! Keep falling! It's bad for the president and is therefore good for the democrats!

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Economy
15 minutes ago, ALEXANDRE said:

So is it a good time to buy stocks? @Economy help me out sis

Uhhh... That always depends what stock and...

 

Who knows how much this may keep falling as the main concern (rising interest rates giving fixed income more competition to equities and reducing growth) is a thing that just started

 

The recovery in financial markets started way before a true recovery in the real economy and valuations got ahead of them selves

 

I suspect that for a while the real economy will grow but equities may stall or even keep correcting so Imma hold off buying more stocks for now

 

As always with the economy, u can never be certain tho

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Economy
19 minutes ago, Born To Slay said:

This is ****ing great! Keep falling! It's bad for the president and is therefore good for the democrats!

Ummmmmmmm ok...

 

 wanting something bad to happen to remove someone because they cause bad in the first place is kinda ironic :awkney:

 

Isn't the reason y'all want him out because of bad stuff happening under his presidency in the first place?

 

That's like saying something is a fire hazard then being happy a fire actually happens so you can prove it was a fire hazard :rip:

 

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Born To Slay
2 minutes ago, Economy said:

Ummmmmmmm ok...

 

 wanting something bad to happen to remove someone because they cause bad in the first place is kinda ironic :awkney:

 

Isn't the reason y'all want him out because of bad stuff happening under his presidency in the first place?

 

That's like saying something is a fire hazard then being happy a fire actually happens so you can prove it was a fire hazard :rip:

 

He does terrible things and uses the economy to get away with it. If the economy gets just low enough for just long enough, the Dems can do well in November 

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reditaccount288
6 minutes ago, Born To Slay said:

He does terrible things and uses the economy to get away with it. If the economy gets just low enough for just long enough, the Dems can do well in November 

u serious mate?

Find your freedom in the music, find your jesus, find your kubrick.
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DeleteMyAccount
31 minutes ago, Economy said:

Ummmmmmmm ok...

 

 wanting something bad to happen to remove someone because they cause bad in the first place is kinda ironic :awkney:

 

Isn't the reason y'all want him out because of bad stuff happening under his presidency in the first place?

 

That's like saying something is a fire hazard then being happy a fire actually happens so you can prove it was a fire hazard :rip:

 

Trumps could tweet to his followers that the Dow being under 10,000 is a good thing and they'd still listen. 

I'm just waiting for the response from Republicans who were going crazy a few weeks ago about some Trump story that caused the Dow to decline. 

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Economy
2 hours ago, Born To Slay said:

He does terrible things and uses the economy to get away with it. If the economy gets just low enough for just long enough, the Dems can do well in November 

I'm not certain this will away too much tho. The kinds of idiots that fall for his crap are not the intelligent investors in wallstreet. Ppl in wallstreet will understand why things are going the way they are going. They will just be happy corporate taxes are lower

 

The average person cares more about the actual economy which won't be that affected by a stock market pullback unless it was a real bad crash because from a fundamental standpoint the economy is sound right now. Financial markets alone won't sway it much

 

Still tho his approval rating is low. I'm just saying I doubt a big pullback will be the reason he doesn't get re-elected

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Born To Slay
17 minutes ago, Economy said:

I'm not certain this will away too much tho. The kinds of idiots that fall for his crap are not the intelligent investors in wallstreet. Ppl in wallstreet will understand why things are going the way they are going. They will just be happy corporate taxes are lower

 

The average person cares more about the actual economy which won't be that affected by a stock market pullback unless it was a real bad crash because from a fundamental standpoint the economy is sound right now. Financial markets alone won't sway it much

 

Still tho his approval rating is low. I'm just saying I doubt a big pullback will be the reason he doesn't get re-elected

Any bad news that can be tied to the president is good news, every little bit helps. 

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Lion Heart

 

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