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Economy
Dow futures slide more than 200 points as Wall Street adds to Friday's losses
2018-02-05
[CNBC] S&P 500 and Nasdaq 100 futures declined 19 points and 37.75 points, respectively.

The major U.S. stock indexes capped off their worst weekly performance in two years on Friday following a steep sell-off.

The Dow fell 665.75 points on Friday ‐ or 2.5 percent ‐ notching its biggest one-day sell-off since June 2016.

Markets are "likely to remain choppy as they adapt to this new growth and interest rate environment," says one strategist.


Call me crazy, but I don't believe in coincidences. Like the President SOTU speaking of stock gains since he was elected and now this.
Stocks go up and they go down. Sometimes the movement is connected to the state of the overall economy or the company’s performance, sometimes not.
Posted by:Anomalous Sources

#15  There seem to be lots of WSW clips on YT.
Posted by: Zenobia Floger6220   2018-02-05 18:01  

#14  Could be a Geo Storos manipulation. I don't know what is transpiring, but I'm not selling, nor am I buying until it does a solid turn-around. Lots of people in the margin game or borrowing money to buy, are soiling their britches right now.
Posted by: Besoeker   2018-02-05 17:16  

#13  "As amateurs jumped in committees,
It flooded the streets of our cities.
How we cheered when they bounced!
Sneered a wolf, as he pounced,
'But where are the customers' kitties?'"
Posted by: Zenobia Floger6220   2018-02-05 17:07  

#12  I miss Louis Rukeyser. RIP...
Posted by: Vast Right Wing Conspiracy   2018-02-05 16:49  

#11  30 something years ago I was watching Wall St. Week in Review with Louis Rukeyser who had a very wise comment on a similar down week.

"Wall Street did what it does best this week, it panicked."

I'll worry when there's real cause.
Posted by: AlanC   2018-02-05 16:25  

#10  I am thinking that that buying opportunity occurred at 18:40 GMT.
Posted by: F. Ulerelet1030   2018-02-05 14:10  

#9  The Market drop maybe a political knife. From the market perspective of this: The drop is politically colored in the extreme. A party maybe all parties are dying and a Caesar may or may not emerge. At this point the knives and Brutus have stabbed their best. In Rome it killed the first caesar. Here it has just pissed him off so how will the purge play out and what happens when millions of democrats realize they are insane. Back to the market: I'm thinking it's Soros using shorts to kill the market. Sort of like he tried on the Pound. At some point even Soros goes under. The one that could be a bigger knife than Soros is the California State Pension Fund. The numbers don't work so something from beyond numbers is pushing the market. A little scary when no direct intelligence of WTF is going on. If the market needs to correct on a 3 month basis we are there. But what if all the disappointed evil entities decide to topple the market. How much of a run might they get rolling?
Posted by: 3dc   2018-02-05 13:37  

#8  It's The Big Crash the Dems warned us about when Trump got elected!

Just a little slow getting started...
Posted by: Bobby   2018-02-05 12:56  

#7  Stocks go up and they go down. True, but en mass changes, irrespective of industry, are indicative of systemic issues.

Sometimes the movement is connected to the state of the overall economy That would be similar to "Alpha." But it appears our general economy is getting much better. No correlation here.

or the company’s performance That would be "Beta." But the article addresses the market as a whole.,

sometimes not. True, but the timing is somewhat suspect. Maybe.

Herd effect and profit-taking also in play.
Posted by: Vast Right Wing Conspiracy   2018-02-05 09:58  

#6  It is only punishment if you sell low.
Posted by: E. Ebbomomble9848   2018-02-05 09:03  

#5  This is Soros shorting the market in revenge for the FBI memo being released. It's punishment.
Posted by: Herb McCoy7309   2018-02-05 09:00  

#4  This is called a buying opportunity in the making.

"May you buy low and sell high." :-)
Posted by: E. Ebbomomble9848   2018-02-05 08:32  

#3  Perfect storm of Trump, SOTU, Nunes memo, New FED Chairman and Patriot loss.
Posted by: Skidmark   2018-02-05 08:29  

#2  the new chair of the Board of the Federal Reserve starts work today

he is thought to be quicker to raise interest rates than the previous chair

also, on Friday, the announcement of the penalties for Wells Fargo was made and the penalty was worse than expected and also a bit weird (actually I don't understand how the penalty will be enforced) and also
Posted by: lord garth   2018-02-05 07:33  

#1  Call me crazy, but I don't believe in coincidences. Like the President SOTU speaking of stock gains since he was elected and now this.

You are not crazy, and no one is talking about a "correction" that I have seen. Individual investors appear to be content and holding. That only leaves institutions, the big boys, and computerized selling. The timing was rather obvious.
Posted by: Besoeker   2018-02-05 06:56  

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