Sharp sell-off in US stocks is the start of a 'very major correction'

Well, I supposing he posted the wrong URL (which is a thread creation violation).

But your market claim is incorrect... thought that sounded fishy and I was right

Dow Closing 6/19/2018 = 24700.01
Dow Closing 10/10/2018 = 25598.74
Diff = Up 898.73
Not 2000, not even 1/2 of 2000...

Nasdaq Closing 6/19/2018 = 7725.59
Nasdaq Closing 10/10/2018 = 7422.05
Diff = DOWN 303.54 (Not Up)

 

Yup. And it has been going up on "fluff" with nothing of substance carrying it upward.

 

What a racist statement

 

LOL!!!! Right. It violated the trendline on the downside and there has been non-conformation in the S&P500 frequently for weeks. I'll make a prediction for you to watch. How's that? I predict that it will open low tomorrow and will go lower before it bounces.

 

If you think the stock market has been demonstrating a good economy, you know little about the stock market as it is these days.

 

The stock market is not a good reference for the health of the economy.

Rooting for it's collapse, considering the 10's of millions of people who are invested in it via 401k's and other types of funds is pathetic. Kind of plays into the stereotype of Progressives.

 

Take a look at the change in the volume data since Trump took office.
http://bigcharts.marketwatch.com/ad...rsToggle=false&chartStyleToggle=false&state=8

Under Obama it was going up on legitimate growth. Trump took over and corporations started buying back their own stock, thus boosting share prices and the stock market.

 

It happened in 2014. In 2015 it dropped in September and in October it was rising steeply. In 2016 it had been drifting lower since early July and in October it rose sharply. Last year it was rising continually.

http://bigcharts.marketwatch.com/ad...rsToggle=false&chartStyleToggle=false&state=8

 

No need for anyone to root for anything. The market will turn, and it will crash again, -as always, periodically. But with it being so high and all based on fluff with no substance, when it turns this time it will be worse than in 2008-9.

 

"The selloff came on fears of rising interest rates. In the past year with a robust economy and a stock market rising to record levels, Trump took the credit for it - saying that it's a function of his policies. Will he take the blame for the severe losses on Wall Street today? I don't think so."

Is Trump raising the interest rates?

 

Anyone who buys stock for a short term investment is foolish.

And no one should be paying any attention to people who claim the stock market is going to crash worse than 08-09'.

 

MarketWatch puts Thursdays futures off $300

 

Ponzi scheme is ponzi scheme.

 

It probably won't, but the high deficit and debt will cause a more negative affect on the US Govt and the Corporations who are hitting similar debt levels that preceded the 08 recession

 

Its not an obama or a Trump caused issue, its a DC caused problem.

No, under obama it was not going up under legitimate growth. Generally, a stock price is no longer tightly linked to the actual financial sheet of the company and they have not been since the first QE.

With interest rates artificially held low (near 0 and close to or less than inflation), people were forced into stocks. Particularly all the retirement programs and retired peoples investments, and that's a huge segment of the market. All that money flowing into the stock market is driving stock prices more than actual company financial sheets.

The market volume went up as soon as Trump was elected because the market felt the dampeners on the market (regulation, tax policy, obama admin trade policy, etc) would go away. All that money being held in reserve because of obama's policies is rushing into the market.

The bubble growth has accelerated over the past 2 years, but it has been building since late 2008. All bubbles follow this general trend, the housing bubble which burst in 2006-2008 did the same - slow start because only a few people are involved, bubble grows as more get involved in the "good deal", finally explosive growth as the general population gets in on it, then collapse.

 

Which still doesn’t disprove his statement. Red states are generally the ones with their hands out for governmental benefits.

 

Canadian weed stocks are ripe and ready..

 

And I provided the reason.

 

Which still doesn’t disprove his statement. Red states are leaches on the rest of the country.