Dow closes −800.49

[malaise]

Please explain

[MFM008]

1. Possibly

The upheaval in the Asian markets due to the situation in Hong Kong.

[TheBlackAdder]

27. ... or it's clobberin' time!

.



.

[CountAllVotes]

2. Failed suicide watch

n/t

[spanone]

3. We have an economic moron in the White House surrounded by sycophants.

[lpbk2713]

13. Trump has filed Chapter 11 six times.

And no financial institution in their right mind will give him credit.
He'll take them down with him every time.

[denbot]

4. And Shitler tweeted "Winning!".

WTF!?!?

[lordsummerisle]

5. A Trump planned buying opportunity? n/t

[ooky]

6. It will pick up at least 500 points tomorrow.

It's a flat market.

[Ilsa]

14. Yeah, there will be buyers looking

For a "good deal" tomorrow morning.

[liberal N proud]

7. So much winning

So much

[C_U_L8R]

8. Goodbye Trump.

[duforsure]

9. Let the trump excuses begin,

It's the Feds chairmanship fault, the Democrats are to blame,it's Obama's fault, the immigrants are to blame, China is to blame, Iran is behind this, it's minorities, the Islamists caused this, and it all the fake news, and of course it's Hillary,s fault. It's never this con man and liars fault.

[essme]

10. Probably a combination of things

I think the market has been artificially high for some time. Companies are buying back their own stock, etc. It's due for a normal correction. Add in the political unrest in Hong Kong, the tariffs we read about all the time, and many people are moving their money to bonds because they just don't trust the current climate.

Mix in that jackwit in the WH, and yep--- it's going to drop. I think it will continue to for awhile yet.

[kentuck]

11. Will it be up or down tomorrow?

It was still going down when the markets closed.

[Demovictory9]

12. too much drama from the WH

[lame54]

15. It'll be up tomorrow...

It's all so meaningless

[hatrack]

16. Thanks, Obama!!

[cbdo2007]

17. A much bigger drop is on the way, just a matter of when.

[empedocles]

28. There is a one- two punch waiting to go off against this artificialy high market.

First, is many players know the market is both artificially high and artificially long lasted. Second, is the frenzied corporate buyback programs which pushed stock and market prices, [to the tremendous advantage for executive bonus options] - will be even harder on the downside of the market.

When is an open, scary question

[Blue_true]

38. Yes.

Today was just an oueduerve.

[marble falls]

18. Simple explaination: Donnie Two Scoops and his world class brain.

[lpbk2713]

19. Putin really likes that boy he put in the White House.

The damage he has done should last for decades.

[imanamerican63]

20. It's Trump's "WINNING" ways!

[A HERETIC I AM]

21. The trigger for the sell off was apparently the report that the 2yr Treasury bond...

Is now yielding more than the ten year.

https://finance.yahoo.com/news/stock-market-news-august-14-2019-124723731.html

[Blue_true]

39. The Yield Curve has inverted at least once before under Trump. nt

[maxsolomon]

22. Does Wall St. enjoy his attacks on the Fed?

You'd think they'd like the Feds to have some slack in Interest Rates.

[Hermit-The-Prog]

23. maybe dead cat bouncing?

There are MAGAts in the markets.

[PoindexterOglethorpe]

24. Yawn.

When I saw that the market was down a lot today my first thought was, what new stupid policy did Trump announce today?

As others have already said, it will probably go up 500 points tomorrow. Trying to time the market isn't a good idea. Time in the market yields good results.

Keep in mind, the market periodically posts new highs. It's been an extremely long time since it last posted a new low.

[herding cats]

25. Germany and China's economies are contracting

A sign Trump's tariffs are destabilizing global markets.

US 2 year treasury bonds surpassed 10 year bonds (an event called an inversion) which is an economic sign a recession is most likely coming in the next 12-15 months.

Also, Hong Kong is as close to a Tiananmen Square event as we could see in modern times.

Oh, and then there's the moron in the White House conducting policy via tweet. That never goes well. 🤷🏻‍♀️

[OnDoutside]

26. It's a mere flesh wound ....

[empedocles]

29. Your joke may have serious legs. You may be repeating it from time to time.

[OnDoutside]

30. To be fair, I may have used it once or twice already in a Trumpian context.

[empedocles]

32. 'may have used it once or twice already' - another joke

[empedocles]

31. Henny Youngman's joke of 'How's your [spouse]? Answer, ' . . . compared to what?'

Still going strong.

[Bear market jokes go on and on].

[kentuck]

33. The Cat runs behind the couch...

"Fucking OWW!", he says.

[Gothmog]

34. Here is a great comparison of stock market performance under each POTUS

Link to tweet

[malaise]

35. Oh My!

So much winning!

[Yo_Mama_Been_Loggin]

36. Trump's a fucking idiot

Tariffs and credit card economics are catching up with him.

[Blue_true]

37. A key recession indicator pointed to a recession for the first time

in a decade today. Wall Street pays attention when something like that happens. The economy seems to be a plane that has run out of fuel, drifting before plunging. Honestly, to get Trump out of office, I am willing to endure the pain of a recession.

The gap between 2 year and 10 year bonds dropped to below zero (inverted) in BOTH the USA and the U.K.

[Joe941]

40. My 401k is doing horrible!

I'll never retire....