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brooklynite

(94,598 posts)
Thu Jan 5, 2017, 01:09 PM Jan 2017

Dow falls 100 points amid uncertainty surrounding Trump policies

Source: CNBC

U.S. equities traded mostly lower on Thursday, as uncertainty over some of President-elect Donald Trump's policies gave investors pause, despite solid economic data.

During his campaign, Trump called for an overhaul of the North American Free Trade Agreement and has repeatedly said he will construct a wall along the U.S.-Mexico border. Trump has also called out companies for sending jobs out of the U.S. into other countries.

"There is still a lot of uncertainty," said Jeremy Klein, chief market strategist at FBN Securities. "We haven't had the inauguration, let alone details about his policies." "Not everyone is sold that this market is a one-way ramp higher," Klein said.

Adding to investors' worries was a Senate hearing on cybersecurity threats, as U.S. intelligence officials answered questions about their assessment that Russia interfered in the presidential election. "The whole hearing raises questions about whether the entire election was hacked," said Adam Sarhan, CEO at 50 Park Investments. "When you have concerns over a cybersecurity threat, that tends to send money away from risk assets into so-called safe-havens."

Read more: http://www.cnbc.com/2017/01/05/us-markets.html

35 replies = new reply since forum marked as read
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Dow falls 100 points amid uncertainty surrounding Trump policies (Original Post) brooklynite Jan 2017 OP
Trump has no idea what he's doing. C_U_L8R Jan 2017 #1
Wonder if this is why DT's on defense on intel positions. Hortensis Jan 2017 #17
NO, we have no idea what he is doing. olddad56 Jan 2017 #20
And now it begins...!!!! Historic NY Jan 2017 #2
Doubtful Shrek Jan 2017 #5
Cue Bachman-Turner Overdrive! lastlib Jan 2017 #32
I've always been curious about something.... pangaia Jan 2017 #3
I came to the conclusion years ago that these "experts" just need something to talk about.... George II Jan 2017 #9
Sort of like ESPN covering the NFL. Yavin4 Jan 2017 #34
We're in for a wild ride. yardwork Jan 2017 #4
How can they tell why the Dow went down 100 points? These so-called "analysts"... George II Jan 2017 #6
Kind of early to attribute any particular day's drop, imo. elleng Jan 2017 #7
He knows exactly what he's doing. louis-t Jan 2017 #8
Yup. 2naSalit Jan 2017 #18
It wouldnt surprise me if thats the reason he seems not to want to stay in the whitehouse cstanleytech Jan 2017 #35
Waiting for Trump to take credit for this on twittter VWolf Jan 2017 #10
good day to put something in my IRA OKNancy Jan 2017 #11
I was expecting this to happen in a few months, but here it is already: DetlefK Jan 2017 #12
I expect that eventually, the markets will ignore him. louis-t Jan 2017 #21
The DU Stock Market Watch DoBotherMe Jan 2017 #13
Profit taking tavernier Jan 2017 #14
This really isn't news. TheCowsCameHome Jan 2017 #15
A "large" swing of 100 points today is like a 10 point swing 20+ years ago. George II Jan 2017 #23
no offense, but the wall street analysis is bullshit, and always has been. still_one Jan 2017 #16
The so called Trump rally has two Wellstone ruled Jan 2017 #19
The Great Trumpression (R) is getting off to a bigly start Achilleaze Jan 2017 #22
#thanksobama nt EarthFirst Jan 2017 #24
I'm expecting boom followed by bust jimlup Jan 2017 #25
I think we're already in the "boom".... Wounded Bear Jan 2017 #28
100 is a blip on the horizon... Wounded Bear Jan 2017 #26
Dow has RECOVERED, elleng Jan 2017 #27
Actual "Reality" check democratisphere Jan 2017 #29
And...here we start to go. haele Jan 2017 #30
AT THE CLOSE, elleng Jan 2017 #31
I've been fearing this..... llmart Jan 2017 #33

C_U_L8R

(45,003 posts)
1. Trump has no idea what he's doing.
Thu Jan 5, 2017, 01:11 PM
Jan 2017

He's not only clueless, he's stupid.
A dunce. An empty suit. Lord help us all.

Hortensis

(58,785 posts)
17. Wonder if this is why DT's on defense on intel positions.
Thu Jan 5, 2017, 01:34 PM
Jan 2017

His usual response to attacks is to double down. His handlers are probably working hard to make him realize he needs to reassure.

Donald J. Trump ‏@realDonaldTrump 4h4 hours ago
The dishonest media likes saying that I am in Agreement with Julian Assange - wrong. I simply state what he states, it is for the people....

Donald J. Trump ‏@realDonaldTrump 4h4 hours ago
to make up their own minds as to the truth. The media lies to make it look like I am against "Intelligence" when in fact I am a big fan!


Btw, electoral college presents counts to Congress to tomorrow. Once DT's safely sworn in, predict we'll be seeing The Real Donald Trump, and I'm not referring to his tweets.

Shrek

(3,981 posts)
5. Doubtful
Thu Jan 5, 2017, 01:15 PM
Jan 2017

Triple-digit movement in the Dow (in either direction) is commonplace.

There probably isn't anything particularly significant about this one.

lastlib

(23,248 posts)
32. Cue Bachman-Turner Overdrive!
Thu Jan 5, 2017, 06:23 PM
Jan 2017

you ain't seen nothin' YET!



I'll go out on a limb here and predict the S&P500 will drop at least 20% in 2017.

pangaia

(24,324 posts)
3. I've always been curious about something....
Thu Jan 5, 2017, 01:14 PM
Jan 2017

Why do financial 'reports' early in the day say things like this, "U.S. equities traded mostly lower on Thursday,...."


When the day isn't even half over.....,.

Sometimes, probably usually, the upward or downward directions continues, but... sometimes not....



Eh, who cares,


George II

(67,782 posts)
9. I came to the conclusion years ago that these "experts" just need something to talk about....
Thu Jan 5, 2017, 01:19 PM
Jan 2017

...even though it really makes them look stupid.

OH NO!!! The Dow dropped 100 point! Meanwhile it was up 100 earlier this week.

Yavin4

(35,442 posts)
34. Sort of like ESPN covering the NFL.
Fri Jan 6, 2017, 12:50 AM
Jan 2017

One day of the actual games, and 6 days of pulling shit out of their asses.

George II

(67,782 posts)
6. How can they tell why the Dow went down 100 points? These so-called "analysts"...
Thu Jan 5, 2017, 01:16 PM
Jan 2017

...seem to have to find a reason, correct or not, to rationalize any changes.

What changed today versus yesterday? Why didn't the Dow go down yesterday?

And they act like 100 points is a huge "plunge"! A 100 point drop today is roughly equivalent to a 10 point drop back when the Dow was only 2,000 points.

Even Jeremy Klein said "there is STILL a lot of uncertainty". Why didn't that "uncertainty" cause a drop only two days ago, when the Dow went UP 50 points?

Not faulting you, but it seems these guys make stuff up as they go along.

elleng

(130,974 posts)
7. Kind of early to attribute any particular day's drop, imo.
Thu Jan 5, 2017, 01:17 PM
Jan 2017

I've been 'surprised' at Dow's slow but steady continuing increase since the election. It crept up towards the 20,000 mark, but hasn't quite made it. We shall see. I'm not selling (yet.)

louis-t

(23,295 posts)
8. He knows exactly what he's doing.
Thu Jan 5, 2017, 01:18 PM
Jan 2017

He wants to see how much influence he can have over the markets from his phone. He's power crazy, and he's trying to figure out a way he can make a ton of money by being the president. That's what con artists do. He is constantly trying to figure out how to sell access and make it legal or hide it from the world.

cstanleytech

(26,295 posts)
35. It wouldnt surprise me if thats the reason he seems not to want to stay in the whitehouse
Fri Jan 6, 2017, 01:37 AM
Jan 2017

and instead at his hotel probably so he can use the fact that the president is staying there so as to get more people especially from other governments looking to do businesses with the US to book their stays there.

DetlefK

(16,423 posts)
12. I was expecting this to happen in a few months, but here it is already:
Thu Jan 5, 2017, 01:22 PM
Jan 2017

An economy where the day-to-day whims of power-hungry madman disturb the natural balance of economy?

An economy where you can no longer make investment-predictions because some crazy-person could tank your stocks at any time?

Would you invest in such an economy?

tavernier

(12,392 posts)
14. Profit taking
Thu Jan 5, 2017, 01:27 PM
Jan 2017

day for a portion of investors, rather than any garbage Trump spews. They've known for years that he's an idiot with oral diarrhea.

George II

(67,782 posts)
23. A "large" swing of 100 points today is like a 10 point swing 20+ years ago.
Thu Jan 5, 2017, 01:43 PM
Jan 2017

The great crash of 1987 was 500 points from 2400 points (which was an all-time record high).

Today's 100 points from about 19,900 is a hiccup, not a "fall". It's 1/5 the drop from almost 5X the baseline.

still_one

(92,219 posts)
16. no offense, but the wall street analysis is bullshit, and always has been.
Thu Jan 5, 2017, 01:30 PM
Jan 2017

The DOW should never had gone up 2000 points after trump won. The uncertainty was there when that occurred.

The vast majority of the Wall Street analysts never saw the financial implosion, either.

In most of these analysts recommendations or advice, they are trying to generate traffic. More volume, means more money.

Personally, I believe that the economy is at great risk, not only under trump, but a republican congress. There is going to be more deregulation, they are going to try to repeal Dodd/Frank, and when the s**t hits the fan, we may end up with another great depression, especially if they initiate a trade war

 

Wellstone ruled

(34,661 posts)
19. The so called Trump rally has two
Thu Jan 5, 2017, 01:40 PM
Jan 2017

components. One is Goldman Sachs which is the real key to the DOW increase. And the other was a Tech stock. Two Stocks drove the average,but it sounds great for the PR wonks.

We are now seeing 70% or more of all Stock Trading is Computer . Scary yes.

The Bond rotation appears to be completed. And that is what really has driven the Averages and this started back in April.

Still expect a major sell off on the 21st,or the following Monday.

jimlup

(7,968 posts)
25. I'm expecting boom followed by bust
Thu Jan 5, 2017, 01:58 PM
Jan 2017

and the bust will be historic. Maybe bigger than '08. I'm stowing retirement funds in safe places as I am able.

Wounded Bear

(58,670 posts)
28. I think we're already in the "boom"....
Thu Jan 5, 2017, 02:16 PM
Jan 2017

I suspect the bust is closer than you think. Remember, there is a trillion dollar bubble inflating over the education loans, that Bernie and Hillary had plans for. The Repubs have not acknowledged its existance, much like they pooh-poohed the housing bubble in pre-'08.

Wounded Bear

(58,670 posts)
26. 100 is a blip on the horizon...
Thu Jan 5, 2017, 02:14 PM
Jan 2017

wait until the fertilizer hits the ventilator. We'll be talking in 1000's, not a measly 100.

haele

(12,660 posts)
30. And...here we start to go.
Thu Jan 5, 2017, 04:15 PM
Jan 2017

Wait until a 100 pt. blip with a 50 pt. recovery starts becoming a 500 pt. blip with a 100 pt. recovery. Is the PPP still around?

I think it's more a factor of the majority of legitimate investors starting to have questions on insider trading by Trump and his cronies. If Trump Co. is rigging the system to rake in as much money as quickly as possible for their short term profit, there a huge risk to the market as a whole. Fiduciary trust - trust in general - is a major component in a healthy investment marketplace.

Banana Republics have never been good investments for people who are serious about businesses, retirements and life in general. One never knows when the group behind the easy money is going to just pull the plug and grab the pot, leaving everyone else standing around in their shorts.

Haele

llmart

(15,540 posts)
33. I've been fearing this.....
Thu Jan 5, 2017, 10:52 PM
Jan 2017

In December I had to mull over what to do about my IRA after Obama is gone and this jackass is ensconced in our White House and I'm seriously thinking of pulling out most of my retirement money from any stock mutual funds it's in. I kept thinking that most of us older people don't have the luxury to wait until he's gone, and we are the baby boomers after all, so if we all start pulling money out because of him the markets will tank.

I'm not an investment expert, but this just feels like something bad is about to happen and if I don't make the move soon, I'll regret it.

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