General Discussion
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(872 posts)What makes people think that the day to day actions of the market have anything to do with something completely unrelated in the news.
If anything, the market should be Up on this news, since he's obviously a shill for Corporations.
customerserviceguy
(25,183 posts)Just rich people playing games with working-class people's money and lives, as usual.
marylandblue
(12,344 posts)Fred Sanders
(23,946 posts)"The Dow Jones Industrial Average in Thursday action was on track for its worst day in more than three months as investors reacted to a recent surge in government bond yields. The Dow DJIA, -1.21% was down about 355 points, or 1.3%, at 26,474, at last check, retreating sharply, a day after posting its 15th record of 2018. A drop of that severity would mark the blue-chip benchmark's worst one-day decline since about May 29, according to FactSet data. The slump comes as the 10-year Treasury yield TMUBMUSD10Y, +0.10% has punched up to seven-year highs at 3.21%."
A Winter of inflation is coming.
Ragnaut
(7 posts)and on the heels of another record high. Stand by for inflation!
pretzel4gore
(8,146 posts)This. 'Quantitative eaeasing' what tis? Has $2 trillion taxmonies been used to prop up Dow since 2k8?
Its said villains are heroes and heroes, villains in Georgebushamerka, but c'mon, bad news causes gains on NYSE!
( i recall lead up to war on Iraq the Dow went up with war, down with peace. ..so much pig media forced to stop reporting it!)