Economy 53,076 Posted February 5, 2018 Share Posted February 5, 2018 https://www.bnn.ca/dow-drops-more-than-1-100-points-tsx-falls-more-than-200-points-1.988018 Today saw the largest single 1 day drop on the Dow in HISTORY The Dow finished 1100 down but at its lowest point dropped 1600 points A strong fundamental economy is being blamed as higher inflationairy pressures may force the Central Bank (Fed) to raise interest rates faster making equities less competitive against fixed income as an investment option Link to post Share on other sites More sharing options...
LePetitGAGABLover 21,234 Posted February 5, 2018 Share Posted February 5, 2018 But but but .... her emails Link to post Share on other sites More sharing options...
DeleteMyAccount 11,881 Posted February 5, 2018 Share Posted February 5, 2018 @Economy could you dumb this down for us peasants? Has any policy affected this? Or is this just regular economics at play? Also, is this expected to continue to fall? Link to post Share on other sites More sharing options...
AlexanderMagno 10,746 Posted February 5, 2018 Share Posted February 5, 2018 Seriously, can you just stop, I always get incredibly depressed and anxious reading your posts about the world's economy (I'm just kidding, don't stop ) Link to post Share on other sites More sharing options...
reditaccount288 377 Posted February 5, 2018 Share Posted February 5, 2018 market is highly overvalued, it needs a correction, but i doubt it will affect regular joe. Volatile markets are being crushed too, lets see if g/s finally start surging. Find your freedom in the music, find your jesus, find your kubrick. Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 5, 2018 Author Share Posted February 5, 2018 13 minutes ago, ZacharyMark said: @Economy could you dumb this down for us peasants? Has any policy affected this? Or is this just regular economics at play? Also, is this expected to continue to fall? I mean in a way policy has affected this For many years the Federal Reserve (US Central Bank) kept rates super low to stimulate economy but that's like steroids for stocks and equities cuz Conservative investors who normally don't like risk and avoid stocks will try stocked when rates are low because fixed income like savings accounts or bonds become almost useless Now that the economy is finally getting strong they have to raise interest rates (they first started raising it a year ago) so the economy doesn't over heat or cause too much inflation as it bears full productive capacity Now as rates continue to rise fixed income is finally becoming more competitive again and at the same time stocks are still over-valued so now many cautious investors are dumping them The good news is that this sharp sell off has been a result of stronger economy putting fear of faster rising rates, not because economy is weak and investors are worried about corporate earnings Link to post Share on other sites More sharing options...
FATCAT 60,922 Posted February 5, 2018 Share Posted February 5, 2018 Hopefully this is just a healthy drop in the face of such a ridiculous rise, but it will be very damaging politically for Trump because up until this moment, probably his only up side has been the economy. We shall see. This kitten over here (meow) Link to post Share on other sites More sharing options...
Teal Ambition 47,805 Posted February 5, 2018 Share Posted February 5, 2018 The TSX down 271 points I don't even want to log in my online banking rn ▌│█║▌║▌║ before I am Canadian, I am Chromatican ║▌║▌║█│▌ Link to post Share on other sites More sharing options...
LePetitGAGABLover 21,234 Posted February 5, 2018 Share Posted February 5, 2018 2 minutes ago, Teal Ambition said: The TSX down 271 points I don't even want to log in my online banking rn I can do assembly language and program in C, C++, and Java and I have no idea what this means for me. Link to post Share on other sites More sharing options...
Economy 53,076 Posted February 5, 2018 Author Share Posted February 5, 2018 4 minutes ago, Teal Ambition said: The TSX down 271 points I don't even want to log in my online banking rn I'm a little scared to log in too not gonna lie. Even tho I anticipated this and switched some of my equities to fixed income, I still have quite a bit in equities lol Link to post Share on other sites More sharing options...
Teal Ambition 47,805 Posted February 5, 2018 Share Posted February 5, 2018 3 minutes ago, Economy said: I'm a little scared to log in too not gonna lie. Even tho I anticipated this and switched some of my equities to fixed income, I still have quite a bit in equities lol I'm worried Pretty sure I lost quite a lot of money I was doing so well too ▌│█║▌║▌║ before I am Canadian, I am Chromatican ║▌║▌║█│▌ Link to post Share on other sites More sharing options...
ALGAYDO 35,379 Posted February 5, 2018 Share Posted February 5, 2018 I’m poor so I have literally no idea what any of this means Link to post Share on other sites More sharing options...
reditaccount288 377 Posted February 5, 2018 Share Posted February 5, 2018 5 minutes ago, Teal Ambition said: I'm worried Pretty sure I lost quite a lot of money I was doing so well too wait the news to hit mainstream media , i have been checking the news for "recesion artciles" the last months, and they are slowly creating "stock crash/Recession" awarness, there are more and more articles. As always those ****ers move the market with their media Find your freedom in the music, find your jesus, find your kubrick. Link to post Share on other sites More sharing options...
PunkTheFunk 125,733 Posted February 5, 2018 Share Posted February 5, 2018 Trump yesterday: All of these stock market gains are because of ME and ME ONLY. We are going UP UP UP! Recognize my IMPACT you ungrateful cucks. Trump tomorrow: new phone who dis? Link to post Share on other sites More sharing options...
GypsyVida 5,960 Posted February 5, 2018 Share Posted February 5, 2018 36 minutes ago, AlexanderMagno said: Seriously, can you just stop, I always get incredibly depressed and anxious reading your posts about the world's economy (I'm just kidding, don't stop ) Ignorance is not bliss henny. currently streaming Zombieboy Link to post Share on other sites More sharing options...
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