Futures Drop

Discussion in 'Stock Market' started by Pavel Svinchnik, Aug 23, 2019.

  1. Pavel Svinchnik
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    Pavel Svinchnik Active Member

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    I saw an interesting reaction to news this morning. While my morning coffee was brewing, I turned on Bloomberg TV just before 8:00 a.m. They were doing commercials but the crawl on the bottom of the screen indicated that the DJ Industrial futures were up a positive 83 points.

    When the programming resumed, the anchor reported that China had just announced slapping retaliatory tariffs on the U.S. and the futures immediately dropped to 38 points down. The major European indices also dropped noticeably at the same time. Probably a lot of storm and fury, signifying nothing. If Powell reduces the interest rates today, everything will probably jump back up a few points.
     
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  2. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    If Powell reduces the interest rates today,

    If he cuts today, it'll be a huge deal, a cut between meetings.
     
  3. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /——/ The Stock Market in 4 words: Fear, Greed and Uncertainty.
     
  4. SassyIrishLass
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    SassyIrishLass Diamond Member

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    Earnings coming in are upbeat and some raising dividends. Throws sand in the face of recession fears
     
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  5. Manonthestreet
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    Manonthestreet Platinum Member Gold Supporting Member Supporting Member

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    Housing sales were up too.
     
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  6. Marion Morrison
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    Marion Morrison BANNED

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    Still waiting on that drop. What I'm watching..all went up.
     
  7. SassyIrishLass
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    SassyIrishLass Diamond Member

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    Markets react to news and events...all part of the game
     
  8. Marion Morrison
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    Marion Morrison BANNED

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    The kind of drop I'm looking for is market-wide.

    It's just up so high! :eek:
     
  9. SassyIrishLass
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    SassyIrishLass Diamond Member

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    It'll drop, then rise...then drop...then rise. Like always
     
  10. Marion Morrison
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    It needs to drop far enough for my cheap ass to buy in. :04:
     

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