Godlike Productions - Conspiracy Forum
Users Online Now: 1,624 (Who's On?)Visitors Today: 512,260
Pageviews Today: 996,162Threads Today: 347Posts Today: 6,302
04:41 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Dow tumbles more than 500 points, wipes out gains for the entire year

 
Fifth-and-a-Half Element
Offer Upgrade

User ID: 73184323
United States
12/07/2018 11:00 PM
Report Abusive Post
Report Copyright Violation
Dow tumbles more than 500 points, wipes out gains for the entire year
Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones Industrial Average lower by 558.72 points to 24,388.95 and erased its gains for the year.

At one point, the Dow was up more than 8 percent for 2018.

The S&P 500 pulled back 2.3 percent to 2,633.08 and also turned negative for the year. The Nasdaq Composite dropped 3.05 percent to close at 6,969.25. Shares of large-cap tech companies led the way lower. Facebook, Amazon, Netflix and Google-parent Alphabet all traded lower. Apple's stock also fell 3.6 percent — erasing its gains for the year — after Morgan Stanley cut its price target on the tech giant's shares, citing weakening iPhone sales.

For the week, the major indexes all dropped more than 4 percent. Thursday's session included a violent drop of nearly 800 points, followed by a strong rebound from those levels. This week was also the worst for the indexes since March.

Indexes fell to their lows of the day after the Wall Street Journal reported federal prosecutors are expected to bring charges against Chinese hackers allegedly trying to break into technology service providers in the U.S., another negative headline amid tense trade talks between the two countries.

Investors worried about the U.S. and China striking a permanent deal on trade after news of the Huawei CFO's arrest broke.

Investors also grappled with fears of an economic slowdown this week. The yield on the 3-year Treasury note yield broke above its 5-year counterpart earlier in the week, a phenomenon referred to as an inversion. Historically, when short-term yields move above longer-term rates, it signals a recession could arrive in the near future.

[link to www.cnbc.com (secure)]
Fifth-and-a-Half Element  (OP)

User ID: 75457821
United States
12/07/2018 11:38 PM
Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
Stocks dropped sharply on Friday, concluding what has been a wild week for Wall Street. A weaker-than-expected jobs report and China-U.S. trade tensions sent the Dow Jones Industrial Average lower by 558.72 points to 24,388.95 and erased its gains for the year.

At one point, the Dow was up more than 8 percent for 2018.

The S&P 500 pulled back 2.3 percent to 2,633.08 and also turned negative for the year. The Nasdaq Composite dropped 3.05 percent to close at 6,969.25. Shares of large-cap tech companies led the way lower. Facebook, Amazon, Netflix and Google-parent Alphabet all traded lower. Apple's stock also fell 3.6 percent — erasing its gains for the year — after Morgan Stanley cut its price target on the tech giant's shares, citing weakening iPhone sales.

For the week, the major indexes all dropped more than 4 percent. Thursday's session included a violent drop of nearly 800 points, followed by a strong rebound from those levels. This week was also the worst for the indexes since March.

Indexes fell to their lows of the day after the Wall Street Journal reported federal prosecutors are expected to bring charges against Chinese hackers allegedly trying to break into technology service providers in the U.S., another negative headline amid tense trade talks between the two countries.

Investors worried about the U.S. and China striking a permanent deal on trade after news of the Huawei CFO's arrest broke.

Investors also grappled with fears of an economic slowdown this week. The yield on the 3-year Treasury note yield broke above its 5-year counterpart earlier in the week, a phenomenon referred to as an inversion. Historically, when short-term yields move above longer-term rates, it signals a recession could arrive in the near future.

[link to www.cnbc.com (secure)]
 Quoting: Fifth-and-a-Half Element


This just keeps nipping at the market's heels and it is not going away.

Thread: An Inverted Yield Curve, a Reliable Predictor of Recessions, Has the Stock Market Spooked
SoberLife

User ID: 77182005
United States
12/07/2018 11:48 PM

Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
This just means I buy stocks for less.
Fifth-and-a-Half Element  (OP)

User ID: 72299460
Australia
12/07/2018 11:49 PM
Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
This just means I buy stocks for less.
 Quoting: SoberLife


Be careful about that in the short term. The market's broke key support levels today and traders are wondering where the bottom might be.

There is also the inverted curve yield, which has correctly predicted the last seven recessions.
SoberLife

User ID: 77182005
United States
12/07/2018 11:55 PM

Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
This just means I buy stocks for less.
 Quoting: SoberLife


Be careful about that in the short term. The market's broke key support levels today and traders are wondering where the bottom might be.

There is also the inverted curve yield, which has correctly predicted the last seven recessions.
 Quoting: Fifth-and-a-Half Element


My investments are all locked in long term. Thanks though.
Swisheee2

User ID: 76284064
United States
12/07/2018 11:58 PM
Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
The actual value is below 2007 levels. Any idiots caring about it now might as well be zombies. In fact they are.
Fifth-and-a-Half Element  (OP)

User ID: 72299460
Australia
12/07/2018 11:59 PM
Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
This just means I buy stocks for less.
 Quoting: SoberLife


Be careful about that in the short term. The market's broke key support levels today and traders are wondering where the bottom might be.

There is also the inverted curve yield, which has correctly predicted the last seven recessions.
 Quoting: Fifth-and-a-Half Element


My investments are all locked in long term. Thanks though.
 Quoting: SoberLife


The last time we saw an inverted yield curve was 2006 and it took a very long time to recover from that.
Fifth-and-a-Half Element  (OP)

User ID: 72299460
Australia
12/08/2018 12:03 AM
Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
This just means I buy stocks for less.
 Quoting: SoberLife


Be careful about that in the short term. The market's broke key support levels today and traders are wondering where the bottom might be.

There is also the inverted curve yield, which has correctly predicted the last seven recessions.
 Quoting: Fifth-and-a-Half Element


My investments are all locked in long term. Thanks though.
 Quoting: SoberLife


The last time we saw an inverted yield curve was 2006 and it took a very long time to recover from that.
 Quoting: Fifth-and-a-Half Element


That is, if your long term investments are locked into stock shares.
Bubby 2 Times

User ID: 77058083
United States
12/08/2018 12:09 AM

Report Abusive Post
Report Copyright Violation
Re: Dow tumbles more than 500 points, wipes out gains for the entire year
In removing the Federal Reserve, what would the legal process look like? Is it a possibility in our time? How would the markets react if this happened? Woodrow Wilson single handedly robbed this country of future possibilities.