Dow crashes over 600 points to 2017 numbers, years gains gone on Feds negative report
 

#ThanksTrump

Trump is blaming the feds. Trump is attacking the fed chairman of all people, who is raising interest rates to avoid inflation and the weakening of the U.S. dollar. Home sales fell to a 2 year low.

Trump started the tarriff war that fucked up Obama's rising economy. Now Trump has net 1 years gains in the stock market from 2 years in office.

"Adding to weaker sentiment in late trading, the Federal Reserve said in its latest report on the economy that U.S. factories have raised their prices because of Trumps tariffs."

U.S. stocks continue to slide, Dow and S&P now down for the year

U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500's gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.

The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent for the day in its biggest one-day percentage decline since Aug. 18, 2011.

"It's a big global risk-off trade," said Paul Zemsky, chief investment officer of multi-asset strategies and solutions at Voya Investment Management in New York.

"We've had some headwinds, higher interest rates affecting housing, tariffs causing input costs for manufacturers to go up, which makes earnings look not as stellar ... but that doesn't mean the whole economy is rolling over," he said.

Sales of new U.S. single-family homes fell to a near two-year low in September, the latest sign that rising mortgage rates and higher prices were hurting demand for housing.

Adding to weaker sentiment in late trading, the Federal Reserve said in its latest report on the economy that U.S. factories have raised their prices because of tariffs.

Stocks have been punished this month by a range of worries, from rising borrowing costs and bond yields to Italy's budget and the upcoming U.S. congressional elections in less than two weeks.

The Cboe Volatility Index , the most widely followed barometer of expected near-term gyrations for the S&P 500, jumped 4.52 points to close at 25.23, its highest close since Feb. 12. The S&P 500 fell for a sixth consecutive day.

"It looks like more panic and fear as the selling has continued to roll," said Chris Zaccarelli, Chief Investment Officer for Independent Advisor Alliance based in Charlotte, North Carolina.

The Dow Jones Industrial Average fell 608.01 points, or 2.41 percent, to 24,583.42, the S&P 500 SPX> lost 84.59 points, or 3.09 percent, to 2,656.1 and the Nasdaq Composite dropped 329.14 points, or 4.43 percent, to 7,108.40.

The Trump Tumble...

PLEASE be the last correction for the year! The economy is not kaput!

It's Trump's aggressive tarriffs

Trump tarriffed thousands of imports from 10%-25% instead of Lazer focusing a small number for a small percentage, then slowly raising the tarriff percentage and slowly broadening their scope.

Trump didn't give the economy time to slowly adjust to small growing tarriffs. He threw a monkey wrench in the growing economy

Best economy in history. :1orglaugh

#endthefed

See if it has an effect on cryptocurrency. If so, that could be a window into the very near future.

double top...lower lows...if it breaks 23333 you are pretty fucked :2 cents:


https://www.tradingview.com/x/5LGqwoAz/

ok, i loled at the chart.:1orglaugh:1orglaugh 2 lols.

you're still serbie though. :warning

... and using this tax ( that is what tariffs are ) to try to diminish the increase of deficit to give more tax cuts ...

Like a snake eating it's own tail :1orglaugh:1orglaugh:1orglaugh

https://i.dailymail.co.uk/i/pix/2014...36_634x355.jpg

Exactly

Tarriffs are a tax that BUSINESSES pay to a foreign federal government.

Automakers that import steel and export cars are getting hit hard, as has machine maker Caterpillar

Businesses are now passing their 25% Tarrifs down to the consumer.

Sad but true :(

Lol... The silence is fucking golden. Blade should resurrect some threads.

red hats ATM:

https://images.homedepot-static.com/...rp-64_1000.jpg

Annnnd it's back up 500 points....:pimp

it was "back up 500" points a week ago and then it spilled for another 1200...this is just traders making easy profits on inevitable rebounds...just like last week :thumbsup

Clearly this is the fault of the democrats.... People are scared that the democrats will win bigly in the midterms and they will destroy the economy again like they did under the Muslim Obama.

LOL.

new lows today


I really do not understand...you reported all this monumental shit was happening and that MAGA was all over the place?

https://media.giphy.com/media/6OpusTwW1csaQ/giphy.gif

Jesus man do you ever not lie? Honest question? It's like every bone in your body is disingenuous. First, there's quite a bit of MAGA going on, you just choose to ignore it like...record 50 yr low unemployment, Highest consumer confidence on record, record black and hispanic unemployment, stock market still up 35% since Trump was elected, record GPD...how the fuck is that not MAGA, dummy? The economy is BOOMING.

Plus I also said it will most likely go down in the interim because to MAGA we need to get China on board, which with their markets down 25% they will absolutely be coming to the table. Plus with the fed raising rates like crazy it's having it's toll on the market ( remember oracle you said interest rates have nothing to do with the economy....and yes you did say that - clueless). But don't worry I've been following and investing in the market for 22 years and know how much of a bipolar female it can be ( kinda like you) it will be up when China and US drop the trade war. It will be well over 30k.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

how did I lie? YOU reported all this monumental shit not me...I just drew a yellow line and showed the obvious under performance...

as for the FED raising the interest rate, I mean they raised the interest rate a whopping 4% in 2005 (from 1% to 5+%) and it did not tank the market for another 3 years...now they raise it like 1.5% and you cry like a little biiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiitch :1orglaugh:1orglaugh:1orglaugh IRL 1.5% is a tiny hike if we look historically...one of the tiniest spikes ever...

all of your other points are crap...record unemployment from 4.5% under o'bumma to 4.1% LOL...0.4% aint shit...dude 0.4% is not monumental at all...

consumer confidence is up globally, shut the fuck up LOL it is at record levels even in pakistan :1orglaugh:1orglaugh:1orglaugh:1orglaugh


as for china, a fat person will never beat a skinny person in a race...china can take much much more punishment than you and the USA produces shit any more...good luck with racing against skinny people who need 100x less than you do and produce most of the worlds shit...

^see this shit...stop doing that.

Ahh see here's where you lie. I never said it would tank the market. I said it's taking a toll, which it is. I believe they say the fed raising the rate 5 times has wiped out 1.5 trillion from the market. So again, i'm right.

More bullshit. It was 4.7 under Obama and it was 3.7 in September. That's 20%. That's pretty significant as far as unemployment goes.

^this shit again...are you a teenage girl? stop doing that shit.

You're never on the right side of anything and that includes being right...i think it's wishful thinking on your part that America is weak and our economy is shit...and as usual, you're always wrong.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Dude relax. You're really showing how excited you are about being right...once lol

Funny how the fed raising rates +4% did not take a toll in 2005 but now when they raise it just 1.5% it suddenly takes a toll...despite all the monumental shit you rrported...

Pitty you cant blame obama eh?

Oracle, I don't recall being in the midst of a trade war in 2005. Do you think the 2 coupled together could have different results, dear oracle?

PS I voted for Obama.

I also want to add I don't make these dumb threads when the stock market goes up or down 400 pts ( that's for ignorant bladewire who has never owned a derivative or any investment in his life).. I never try to game the market..you shouldn't either. You'll always lose in the long run. Nobody picks right all the time, nobody picks right half of the time either. The house always wins. I've played the options, FOREX, craps, roulette, blackjack for over 20 years. You're not fooling me with your btc oracle crap consistently picking the bottoms and the tops on a daily basis.

go to the "can btc sustain over 6000$" thread, I posted trades a day in advance for like 2 weeks and did almost 2%/day with like a 10:1 win to loss ratio...I set buy orders and exit positions exactly 1 hour after the orders were filled!!! what a joke method!!!!...I had maybe 3-4 bad trades total...it gave the naysayers seizures, nose bleeds, brain damage etc I have seen it all :1orglaugh:1orglaugh:1orglaugh:1orglaugh

and the best part of all is: I do not even swing trade, I am a day trader!...oh you should have seen the naysayers go through their anal cramps, it was beautiful, some were forced to pretend like it did not happen, others started babbling repetitively "virtual gains!" even though I clearly pointed out they were demo trades...I bathed in their tears...:1orglaugh:1orglaugh:1orglaugh...

look you can do something for 20 years and still suck at it...trading and casinos are nothing alike...in a casino you pick red, it is black,you lose your entire hand...in trading you can limit your losses, ease in and out of positions and use technical indicators (that mean little in crypto but bots have to use something) to have an edge...it is by no means a flip of a coin...I do not pick tops or bottoms except by luck, I do not care about tops or bottoms...I miss exactly 0 dumps because my default position is always in USD and I get most of the pumps with buy orders and alarms set for every event...when I come back from vacation and if BTC volatility ever returns I will start trading on bitmex where you get -0.025% to -0.05% fee as a maker....they fucking pay you for providing liquidity!!!!...my single biggest mistake is not trading with margin and doing bitmex from the very start...taker is 0.075% tho but with high volatility even this is peanuts...

stick to your negative gearing housing racket, leave the trading to pimp :thumbsup

The Dow Jones crashed another -245 points today

We're now at the same level as we were last year on December 11, 2017.

The 10 Biggest Single-Day Declines for the Dow, Nasdaq, and S&P 500

"Through this past Wednesday, Oct. 24, following a 608-point slide for the iconic Dow Jones Industrial Average (DJINDICES:^DJI), an 85-point drop for the broad-based S&P 500 (SNPINDEX:^GSPC), and a 329-point tumble for the tech-heavy Nasdaq Composite (NASDAQINDEX:^IXIC), the Dow, S&P 500, and Nasdaq were off by 7.1%, 8.8%, and 11.7%, respectively, since October began. The move lower places the Nasdaq firmly in correction territory, with the S&P 500 dangling just a few points away from hitting its 37th correction of at least 10% since 1950."

It's because everyone fears the Democrats regaining control of.... LOL.

:1orglaugh:1orglaugh:thumbsup

Fake news. This is the best economy in human history. Just fake news by the Jewish media to get people to sell so they can buy cheaper stocks.

↑↑↑ Truth! :1orglaugh not :1orglaugh

hahha literally like 2% of day traders are successful. No way your bomb eating ass is that lucky.

You might fool some plebs that never owned an investment in their life ( like yourself 3 months ago) but you're not fooling me :pimp

Bump bump

Crashing another 600 points today because the market doesn't believe Trump's temporary fix with China and Trump has created a record trade deficit with China at the great expense of the American industry sector.

Down 800 points now

Wallstreet it's trying to send Trump a message

Everyone has had enough of Trumps bullshit.

Now even FoxNews agrees the recession is here

Recession-proof your finances: Tips to prepare | FoxNews