Market News

[James48843]

Sen. Rubio announces he's happy with the fix to the Child Tax Credit, and therefore will now support the tax bill with the likely 50th positive vote- enough for it to pass.

Market responds very favorably- "S" fund now up 1.42%.

(+1.42%)

As of 2:32PM EST. Markets open.


All stock funds in the green.

 

[Buster]

DOW breaks through 25,000 today

 

[weatherweenie]

It's never too soon to start panicing.

Dow futures point to a more than 1,000-point fall at the open

https://www.cnbc.com/2018/02/05/sell...n-the-day.html

 

[James48843]

UPDATE: Dow futures point to a more than 1,200-point fall at the open.

https://www.cnbc.com/2018/02/05/sel...00-futures-now-down-6-percent-on-the-day.html


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[bmneveu]

Very tempting to put the rest of my money in and use my last IFT to buy another 1200 points lower...

UPDATE: Dow futures point to a more than 1,200-point fall at the open.

https://www.cnbc.com/2018/02/05/sel...00-futures-now-down-6-percent-on-the-day.html


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[tsptalk]

UPDATE: Dow futures point to a more than 1,200-point fall at the open.

https://www.cnbc.com/2018/02/05/sell-off-continues-after-hours--sp-500-futures-now-down-6-percent-on-the-day.htm

Puking levels. uke:

The question is, is there blood in the streets yet?

https://www.barrypopik.com/index.php/new_york_city/entry/buy_when_theres_blood_in_the_streets

 

[James48843]

Magic 8-ball says:

Shake and try again


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[userque]

Not yet.

As I'm sure everyone who was trading in 2000/2001 and 2007/2008 also recalls ... blood flooded the streets back then ... for weeks.

What we have here is a scratch, so far, and by comparison. Except for volatility traders caught on the wrong side with insufficient risk controls. Much carnage in that arena.

Puking levels. uke:

The question is, is there blood in the streets yet?

https://www.barrypopik.com/index.php/new_york_city/entry/buy_when_theres_blood_in_the_streets

 

[userque]

...Except for volatility traders caught on the wrong side with insufficient risk controls. ...

XIV, ZIV, and SVXY halted pending news: code T1
Trade Halts - Current

 

[weatherweenie]

Not a Trump supporter, but...
[h=1]Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally[/h][FONT=&quot]

• Trump still has a large cushion before the Dow's postelection gains disappear.
• The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.

https://www.cnbc.com/2018/02/06/her...op-to-wipe-out-donald-trumps-stock-rally.html


[/FONT]

 

[nasa1974]

Not a Trump supporter, but...
Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally

• Trump still has a large cushion before the Dow's postelection gains disappear.
• The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.

https://www.cnbc.com/2018/02/06/her...op-to-wipe-out-donald-trumps-stock-rally.html

Just an opinion piece from cnbc. Let's leave it at that. Please no discussion.

 

[weatherweenie]

Thought it was pertinent to put the drop in perspective.

Just an opinion piece from cnbc. Let's leave it at that. Please no discussion.

 

[nasa1974]

We just have to be careful not to start a political uproar.

 

[weatherweenie]

[FONT=&quot]First-time claims for state unemployment benefits were expected to total 232,000 in the most recent week, after 230,000 claims were reported for the previous week.[/FONT]

 

[tsptalk]

This headline seemed to flip the futures from solid green to red this morning...


Final reading on US Q4 GDP is up 2.9%, vs 2.7% growth expected

Gross domestic product expanded at a 2.9 percent annual rate in the final three months of 2017, instead of the previously reported 2.5 percent, the Commerce Department said in its third GDP estimate for the period on Wednesday. That was a slight moderation from the third quarter's brisk 3.2 percent pace.

https://www.cnbc.com/2018/03/28/fin...ent-vs-2-point-7-percent-growth-expected.html

 

[nasa1974]

This headline seemed to flip the futures from solid green to red this morning...


Final reading on US Q4 GDP is up 2.9%, vs 2.7% growth expected



https://www.cnbc.com/2018/03/28/fin...ent-vs-2-point-7-percent-growth-expected.html

Terrific!!!

 

[weatherweenie]

What is going on with the Dow Transports? Down 1.53%.

 

[tsptalk]

The airlines stocks are getting hit...

https://finance.yahoo.com/quote/^DJT/components?p=^DJT

 

[weatherweenie]

[h=1]Trump fires back at Beijing with threat of new tariffs on $200 billion in Chinese goods[/h]

 

[userque]

Trump fires back at Beijing with threat of new tariffs on $200 billion in Chinese goods

"Learn! Got Damm*t!" -- War Games, 1983