SP 500 drops 1%

Coinstartled · January 30, 2018 12:26PM

And the news makes headlines. Can we say complacency?

derryb · January 30, 2018 2:35PM

pre-game jitters. TVIX even noticed.

grote15 · January 30, 2018 2:47PM

It can't keep going up every day. At some point, money is going to be taken off the table.

VanHalen · January 30, 2018 3:41PM

And all my doubts and fears......
Kept me wondering........
But baby it ain't over 'til it's over, over.

RedneckHB · January 30, 2018 3:45PM

Another 50 days like this and it will be back to where the gold bugs promised us doom.

blitzdude · January 30, 2018 5:11PM

Heh, perhaps the pump is over.

MsMorrisine · January 30, 2018 5:17PM

End of month
And
Big earnings week
And
Market up a lot

Mild profit taking.

If earnings hit, we keep going up.

VanHalen · January 30, 2018 6:08PM

@MsMorrisine said:
End of month
And
Big earnings week
And
Market up a lot

Mild profit taking.

If earnings hit, we keep going up.

Agreed. If earning hit 25%+ yoy gains then we will keep going up because that's what priced in.

If expectations can be pushed down to realistic numbers numbers, around 10% yoy gains, then they may keep it running for awhile too.

blitzdude · January 30, 2018 6:40PM

Yawn.....oh nevermind probably just more fake news lol

WASHINGTON — Treasury Secretary Steven Mnuchin urged Congress on Tuesday to raise the federal government’s statutory borrowing limit and said Washington must soon grapple with the mounting federal debt, just as lawmakers are embarking on a significant spending spree.

Annual deficits are creeping up to $1 trillion a year and the national debt has topped $20 trillion. On Monday, Treasury said that the United States will need to borrow $441 billion in privately-held debt this quarter, the largest sum since 2010 when the economy was emerging from the worst downturn since the Great Depression.

Yet the need to deal with the federal debt seems to have taken a back seat to other priorities, including the $1.5 trillion tax cut increased defense and domestic spending, and an expected infrastructure request from President Trump.

ricko · January 31, 2018 9:20AM

Big market dip yesterday.... today all is 'green'.... so far anyway. Gold is holding and silver on a slight rise... Cheers, RickO

renman95 · February 1, 2018 4:20AM

How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?

RedneckHB · February 1, 2018 5:25AM

@renman95 said:
How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?

Kinda sounds like gold bug mentality.

Justacommeman · February 1, 2018 6:44AM

Less then 50% of Americans have any money in the markets including 401K's . I wonder if even 10% have PM exposure

mark

topstuf · February 1, 2018 9:09AM

Less than 50% of Americans have any money.

https://www.fool.com/investing/2017/10/01/why-half-of-americans-cant-come-up-with-400-in-an.aspx

VanHalen · February 1, 2018 4:51PM

@topstuf said:
Less than 50% of Americans have any money.

https://www.fool.com/investing/2017/10/01/why-half-of-americans-cant-come-up-with-400-in-an.aspx

A news segment touting the recent one time $1,000 bonuses for some American workers stated 57% of American households don't have $1,000 liquid cash available to them.

57 freakin' percent of Americans don't have a grand avaiable! That is amazing in the prosperous year 2018.

grote15 · February 1, 2018 5:11PM

@VanHalen said:

@topstuf said:
Less than 50% of Americans have any money.

https://www.fool.com/investing/2017/10/01/why-half-of-americans-cant-come-up-with-400-in-an.aspx

A news segment touting the recent one time $1,000 bonuses for some American workers stated 57% of American households don't have $1,000 liquid cash available to them.

57 freakin' percent of Americans don't have a grand avaiable! That is amazing in the prosperous year 2018.

Cost of living continues to rise relative to wages and bonuses, if they are given. Credit sustains many families, like the government, in 2018.

blitzdude · February 1, 2018 6:22PM

@renman95 said:
How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?

Probably about the same amount of Rhinos who were wishing the same during Obama's first year in office. (By the way, the markets performed better in Obamas first year then they did during Trump's). But that's all just political noise. The debt continues onward and upward. You can have all the paper wealth your heart desires, I'll stick with PMs.

ChrisRx · February 1, 2018 6:32PM

@blitzdude said:

@renman95 said:
How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?

Probably about the same amount of Rhinos who were wishing the same during Obama's first year in office. (By the way, the markets performed better in Obamas first year then they did during Trump's). But that's all just political noise. The debt continues onward and upward. You can have all the paper wealth your heart desires, I'll stick with PMs.

Bingo.

RedneckHB · February 1, 2018 7:01PM

@VanHalen said:

@topstuf said:
Less than 50% of Americans have any money.

https://www.fool.com/investing/2017/10/01/why-half-of-americans-cant-come-up-with-400-in-an.aspx

A news segment touting the recent one time $1,000 bonuses for some American workers stated 57% of American households don't have $1,000 liquid cash available to them.

57 freakin' percent of Americans don't have a grand avaiable! That is amazing in the prosperous year 2018.

Considering 23% of Americans are under the age of 18, I dont think its that astonishing.

mirabela · February 1, 2018 8:43PM

Considering 23% of Americans are under the age of 18, I dont think its that astonishing.

That's 57% of American households, not 57% of Americans. Whether or not we're astonished it doesn't bode well for social stability.

RedneckHB · February 1, 2018 9:10PM

The quoted stat seems to be a bit misleading. I don't think I have 1000 in a savings account. Checking account sure. Money market sure. Brokerage sure. Savings...no.

https://www.cnbc.com/2017/09/13/how-much-americans-at-have-in-their-savings-accounts.html

PaleElf · February 2, 2018 5:00AM

Hoping it keeps coming down. Went to 60% cash in my non-taxable accounts Monday morning. Would like to see a nice healthy 5-10% pullback.

VanHalen · February 2, 2018 5:23AM

@cohodk said:
The quoted stat seems to be a bit misleading. I don't think I have 1000 in a savings account. Checking account sure. Money market sure. Brokerage sure. Savings...no.

https://www.cnbc.com/2017/09/13/how-much-americans-at-have-in-their-savings-accounts.html

The quoted stat (not cnbc) was not limited to savings accounts which many people don't possess. It was: 57% of the households in America do not have $1,000 in total liquid assets. Which should come as no surprise since the bottom 3 quintiles have been losing income and wealth for several decades. Half of America is essentially broke but our news media fails to address them at most every turn.

PaleElf · February 2, 2018 5:45AM

@VanHalen said:
The quoted stat (not cnbc) was not limited to savings accounts which many people don't possess. It was: 57% of the households in America do not have $1,000 in total liquid assets. Which should come as no surprise since the bottom 3 quintiles have been losing income and wealth for several decades. Half of America is essentially broke but our news media fails to address them at most every turn.

A lot of that has to do with our current culture, which places more emphasis on consumption than saving. A lot of people believe it is much more important to have the newest Apple product than $1,000 in savings or $1,000 in Apple stock.

Kkathyl · February 2, 2018 5:51AM

Guess it’s a call day

Kkathyl · February 2, 2018 5:57AM

@ChrisRx said the markets did better during Obama’s first year in office then Trumps. Can you give the numbers to back that or the % of growth or total dollars. I understand O got the recession bump but did not think that was the case.
We like stats please

bronco2078 · February 2, 2018 6:09AM

Those types of snapshots just to affix blame or praise to some nimrod who just happened to be standing in the spotlight while others do things don't serve a purpose.

Every politician gets blamed for every bad thing that happens while they are in office and tries to take credit for the good things. Generally speaking they don't have anything to do with either. They are all thieves and criminals or they wouldn't have run for office in the first place.

MsMorrisine · February 2, 2018 12:37PM

Gold down 1%

Oh
Dow down 2%

PaleElf · February 2, 2018 1:05PM

A correction would be very healthy for the market.

Justacommeman · February 2, 2018 1:46PM

Worst week in two years

mark

bronco2078 · February 2, 2018 2:22PM

I was thinking of doing a little rebalancing in my IRA this week and didn't get around to it. Right now its 100% in the Fidelity blue chip growth fund . Its been a powerhouse for the past year but I'm getting nervous that its going to stall out soon.

KollectorKing · February 2, 2018 2:35PM

go amzn....& vxx

Coinstartled · February 2, 2018 2:47PM

@cohodk said:
Another 50 days like this and it will be back to where the gold bugs promised us doom.

*47

meluaufeet · February 2, 2018 3:03PM

Goodbye Yellen put this week,

Hello Powell put next week.

blitzdude · February 2, 2018 3:10PM

@Kkathyl said:
@ChrisRx said the markets did better during Obama’s first year in office then Trumps. Can you give the numbers to back that or the % of growth or total dollars. I understand O got the recession bump but did not think that was the case.
We like stats please

I'm the one who said that not ChrisRX:
https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html

PaleElf · February 2, 2018 3:43PM

@blitzdude said:

@Kkathyl said:
@ChrisRx said the markets did better during Obama’s first year in office then Trumps. Can you give the numbers to back that or the % of growth or total dollars. I understand O got the recession bump but did not think that was the case.
We like stats please

I'm the one who said that not ChrisRX:
https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html

Run the numbers from the date Trump won the election.

ChrisRx · February 2, 2018 3:58PM

@blitzdude said:

@Kkathyl said:
@ChrisRx said the markets did better during Obama’s first year in office then Trumps. Can you give the numbers to back that or the % of growth or total dollars. I understand O got the recession bump but did not think that was the case.
We like stats please

I'm the one who said that not ChrisRX:
https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html

Herbert Hoover was not so great, followed by the obvious, Dubya.

ChrisRx · February 2, 2018 4:05PM

We like Ike, trump, not so much.

meluaufeet · February 2, 2018 4:18PM

I thought the market last year was because of the previous administration... So why does the previous administration get credit for their first year?

Kkathyl · February 2, 2018 4:56PM

The Dow's 31% gain during Trump's first year is the best since FDR
Fred Imbert | @foimbert
Published 3:05 PM ET Thu, 18 Jan 2018 Updated 7:04 PM ET Thu, 18 Jan 2018
CNBC.com

bigjpst · February 2, 2018 5:10PM

Percentages are a funny thing.

bronco2078 · February 2, 2018 5:15PM

sure FDR was great but how many twitter followers did he have?

MsMorrisine · February 2, 2018 5:31PM

Yahoo has historical data

Justacommeman · February 2, 2018 5:59PM

@blitzdude said:

@renman95 said:
How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?

Probably about the same amount of Rhinos who were wishing the same during Obama's first year in office. (By the way, the markets performed better in Obamas first year then they did during Trump's). But that's all just political noise. The debt continues onward and upward. You can have all the paper wealth your heart desires, I'll stick with PMs.

The markets preformed better the first year from the day Obama was elected then the same period for Trump. Regardless before of their first years were good stockmarket wise

m

blitzdude · February 2, 2018 6:40PM

@Kkathyl said:

The Dow's 31% gain during Trump's first year is the best since FDR
Fred Imbert | @foimbert
Published 3:05 PM ET Thu, 18 Jan 2018 Updated 7:04 PM ET Thu, 18 Jan 2018
CNBC.com

I thought we were talking about the SP500 which is a much better representation of the "market" (and the title of this thread). The Dow30 is all fluff, when a stock is lagging they just remove it and insert another one that can pump the average..

Kkathyl · February 2, 2018 6:56PM

It’s all fluff I don’t care much about competing stats If it’s not in my pocket it’s not mine.

blitzdude · February 2, 2018 7:01PM

Can't argue with that.

RedneckHB · February 3, 2018 6:45AM

.

dpoole · February 3, 2018 7:27AM

The stock market surge since Trumps election has nothing to do with Trump.

It has to do with the fact that Texas is recruiting so well in football.

bronco2078 · February 3, 2018 8:08AM

@dpoole said:
The stock market surge since Trumps election has nothing to do with Trump.

It has to do with the fact that Texas is recruiting so well in football.

but doesn't the fact that on the NFL level the cowboys suck so relentlessly cancel that out?

If you want to see the stock market respond positively to texas football , make Jerry Jones disappear

VanHalen · February 3, 2018 4:46PM

Seems one of the drivers of yesterday's selloff was the ballyhooed 2.9% wage growth stoking fears of inflation and faster Fed rate increases.

A closer look reveals average weekly earnings actually dropped from Dec. '17 to Jan. '18 and yoy actual earnings growth were right back at 2.6% after backing out the average hourly workweek "miss" of 34.5 hours expected versus 34.3 hours actual hours worked.

Next month with reveal more but for now the prospect of significant inflation >2% or a faster pace of Fed rate increases appears largely founded.

bls.gov/news.release

SP 500 drops 1%

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