Stocks dropping once again

[fan_since79]

The Dow has dropped 900 points in the past two weeks, and is down 174 today.

 

An important manufacturing index came in much worse than expected. 

 

A simple correction, or the beginning of the end of the recent bull market?

 

 

 

 

[arch stanton]

Or else it's a sympathy ploy so they can target some labor or environmental laws that they feel are inconveniencing their rise to untouchability.

[Lhalo]

This is what happens when the Fed says it won't print money for forever. They'll probably start printing again if the Dow drops below 10,000. Good times.

[Glen]

Did Obama open his mouth again?

[fan_since79]

Dow is plunging now, down 283.

 

Disappointing auto sales from Ford and GM, slowdown in manufacturing, construction spending down, etc.

Edited February 3, 2014 by fan_since79

[fan_since79]

This is what happens when the Fed says it won't print money for forever. They'll probably start printing again if the Dow drops below 10,000. Good times.

 

The Fed is printing $75 billion each month, down from $85 billion. A slight "taper", that's all.

 

There's a slowdown in the global economy that's behind this, including China. The threat of a deflationary depression is once again on the horizon. 

 

Also, stocks gained 30% last year, so a correction is due.

[Angel Oracle]

I always expected there would be one more significant correction; and then by sometime in 2016 (depending on how the POTUS race is shaping up) a new upturn will start. 

[Tank]

don't worry. hilary will fix everything.

[mrwicked]

good.

more fun to buy when things are cheap anyways.

[fan_since79]

Yellen will make Bernanke look like a miser. 

 

They have to mega-stimulate, because there are no jobs and no real production anymore. It's all funny money and bubble economics.

[Blarg]

Did Obama open his mouth again?

 

I guess you missed the state of the union address.

[Angel Oracle]

Thank you Obama

[Gavin]

Thank you Obama

I hope this was sarcasm.  We were long overdue for a pullback.

[CaliAngel]

We were long overdue for a pullback.

 

Perhaps.

 

But Obama isn't helping, that's for sure.

[Gavin]

Perhaps.

But Obama isn't helping, that's for sure.

On average we have a 10 percent pullback every year in the market. We haven't had one in over two years. Historically, there is a recession every five years. We haven't had one in nearly seven.

The market was up 30 percent last year. Many indexes and stocks alike were hitting all time highs throughout the year. It is also cyclical and this blip is normal.

Wicked is right. These downturns are good times to buy.

[fan_since79]

Horrible jobs report today and the market is up nicely. Go figure.

 

The feeling is the Fed will adjust its tapering and print more money.

[1nutkruk]

One of the stocks in my 401k is up $10 a share right now.  It is about time because it has been tanking since the beginning of the year.

[Catwhoshatinthehat]

The jobs report wasn't horrible it just fell short of the estimate as far as the rise in payrolls.  2/3 of the companies on the S&P have posted quarterly earnings and over 75% of them have exceeded estimates which has helped this week.  Meanwhile there were record shifts from stock funds to bond funds so at least investors are still consistent and investing on fear.  Right now much like the last so many years despite how much the US needs to get it's own financial house in order it's still one of the prettiest girls at the dance.  EM are getting hammered and there are still eurozone fears.     

[Gavin]

One of the stocks in my 401k is up $10 a share right now.  It is about time because it has been tanking since the beginning of the year.

Outerwall?  I only ask because I own it.  Last year it was considered to have the most short positions.  It was almost illogical with the revenue that company produces and the people who did short it got crushed.  Their estimates beat and buyback are two nice little presents for stockholders.  

[Lhalo]

New Fed chair Yellen testifies to Congress that she'll keep the easy money coming so the market skyrockets. What the Fed says and does is pretty much all the market listens to anymore.