President needs to talk to Yellen

[mgcgulfcoast]

the stock market was a good reason for people thinking the economy is improving. if this plummett continues its not good news. the President needs to convince Yellen to ease monetary policy.

[JoePhilly]

1. The DOW is still up about 700 points from November low.

[mgcgulfcoast]

2. voters dont think that way

if it continues down it causes panic.

[JoePhilly]

3. Voters won't be voting for quite a while.

[mgcgulfcoast]

4. thats why it needs to be taken care of now

[okaawhatever]

15. It was up today and had the best day all year. Also, the selloff had a lot to do with emerging

markets and not the domestic picture. Investors are concerned with employment, but that isn't what caused the sell off. From today's LA Times:

Thursday's surge began overseas, where the European Central Bank decided not to cut interest rates. The move propelled major European stock indexes sharply higher.

Then the markets got a dose of good news on the U.S. job market. The Labor Department reported that fewer people applied for unemployment benefits last week.

That report, combined with a private survey on U.S. hiring released Wednesday, appeared to bolster investors' confidence that the government will issue a positive January jobs report on Friday.

“Those two numbers combined … suggest that perhaps tomorrow's numbers might look a little stronger,” Russell said.

http://www.latimes.com/business/la-fiw-wall-street-20140206,0,2562758.story#ixzz2satXIBLu

From 3 Days ago:

Investors dump emerging market stocks

http://money.cnn.com/2014/02/03/investing/emerging-markets-equity-funds/

[yellowcanine]

5. Way too early for that. There is no need for panic.

This could just be an adjustment because the market went up a little faster than could be justified in the minds of investors.

In any case, if the President interfered that would cause more anxiety in the market, not less.

[quadrature]

6. wrong...time for rest-of-world, to get off their ass

and to stop expecting to be
able to export their troubles
to the US

[elleng]

7. and time for congress to get off its ass,

and provide predictability and infrastructure improvements.

[quadrature]

8. it was called the $700B stimulus program

from a few years ago.

much was squandered.
no thanks.

[seabeckind]

11. Needed --yes. Squandered -- yes.

The problem was that it wasn't done under controlled conditions.

The latest scandal in the Christie saga? The Sandy funds?

Exactly what happened with the stimulus. Half the money was given to the governors of the states for their "shovel ready". Their shovel ready was to their "constituents", not to the people hurting.

The other half was in tax cuts...to those who were already doing quite well.

Time for Obama to quit talking with the bankers and CEOs. And AT the bankers and CEOs.

[bemildred]

9. Volatility is normal, and generally encouraged by trading firms, they make a bundle off it.

This is nothing.

[sendero]

10. The QE nonsense...

... cannot go on forever. The changing of the guard is as good a time as any to phase it out.

And the tanking stock market is pretty much proof that the only reason the market went up to begin with was QE.

Who knows, maybe someday we can have a stock market that reflects the actual economy instead of manipulation by the Fed.

[mgcgulfcoast]

14. could signal a massive defeat in november

if it continues to plunge.

[seabeckind]

12. Stock market is unrelated to health of the national economy.

It reflects a different economy.

[bemildred]

13. Precisely, it's more like a casino.

Arguing about why it does things is like arguing about why the ball landed on red.