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rdking647

(5,113 posts)
Mon Feb 5, 2018, 11:57 PM Feb 2018

Dow futures point to a more than 1,000-point fall at the open

Source: cnbc

Stocks looked set for another rocky opening and a volatile trading day Tuesday.

Stock futures slid into negative territory in Monday evening trade: Dow futures were down 633 points, and S&P 500 futures were lower by 57 points.

The implied open for the Dow, based on the futures, was a decline of 1,010.75.

Read more: https://www.cnbc.com/2018/02/05/sell-off-continues-after-hours--sp-500-futures-now-down-6-percent-on-the-day.html



just because its down now it could change by a lot before the morning but im hearing rumors of some etf's liquidating after the close which is fueling the plunge.



26 replies = new reply since forum marked as read
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Dow futures point to a more than 1,000-point fall at the open (Original Post) rdking647 Feb 2018 OP
WHAM! SWBTATTReg Feb 2018 #1
Here's to deregulation! yallerdawg Feb 2018 #2
computers increase efficiency DBoon Feb 2018 #6
I was reading on CNN that if the market improves by the time the mid-terms arrive C Moon Feb 2018 #8
No MFM008 Feb 2018 #15
Will Republicans Ask for More Tax Cuts or Cuts to Medicare... TomCADem Feb 2018 #3
Look at Greece DBoon Feb 2018 #7
They are deliberately destroying the economy MarcA Feb 2018 #9
"The reason our stock market is so successful is because of me." - Trump, November 2017. dalton99a Feb 2018 #4
Nikkie Futures off 1,355, or 6% ffr Feb 2018 #5
Will Trump at Least Do Better Than Dubya? TomCADem Feb 2018 #10
Nikkei in live trading now -- down 6.69% with over an hour left before closing progree Feb 2018 #11
REALITY TIME FOR TRUMP! homegirl Feb 2018 #12
Well, Trump claimed the market gains were his doing OnlinePoker Feb 2018 #13
Trump will blame Obama Upstate One Feb 2018 #14
Sean Hannity has already blamed Obama Bernardo de La Paz Feb 2018 #25
It isn't so bad that he says this shit, it is that 1/3 of the people bekieve he always tells the wasupaloopa Feb 2018 #26
It looks like a rough morning is coming//// Historic NY Feb 2018 #16
my broker, Dewey, Cheatem & Howe, said trump would make stocks great again elmac Feb 2018 #17
i'm thinking the us dollar will be tanking soon also nt elmac Feb 2018 #18
maybe the downturn is just a result of all the foreign money leaving because of ... olddad56 Feb 2018 #19
Dow Futures @ 4:00 AM - Up 145 nt SoCalMusicLover Feb 2018 #20
Asian markets closed 3-5% down; European are about 1.7% down muriel_volestrangler Feb 2018 #21
Market Up: Trump tweets it is his success - Market Down: Trump tweets ??? machI Feb 2018 #22
Anyone seen anything about Trump's tweets this a.m. Timmygoat Feb 2018 #23
...... trusty elf Feb 2018 #24

yallerdawg

(16,104 posts)
2. Here's to deregulation!
Tue Feb 6, 2018, 12:14 AM
Feb 2018


Bloomberg is pointing out the Dow dropped at inhuman speed.

For 15 harrowing minutes just after 3 p.m. in New York a deluge of sell orders came so fast that it seemed like nothing breathing could’ve been responsible.

We are proactively calling up our clients and discussing that a 1,600-point intraday drop is due more to algorithms and high-frequency quant trading than macro events or humans running swiftly to the nearest fire exit,” said Jon Ulin, of Ulin & Co. Wealth Management in Boca Raton, Fla., in an email.


At the same time, a case can be made that the machines are doing the same thing any human trader would do given a certain set of economic facts, only faster. Inputs into automated strategies sound complicated but often are just versions of signals familiar to earlier generations: momentum indicators that show if an advance is getting ahead of itself or a decline is turning into a plunge.

And this is still on the jackass in the White House - and will be on his permanent record for all time!

C Moon

(12,221 posts)
8. I was reading on CNN that if the market improves by the time the mid-terms arrive
Tue Feb 6, 2018, 12:27 AM
Feb 2018

it will bode very well for the GOP.
...I'm always paranoid that they are up to something.

TomCADem

(17,390 posts)
3. Will Republicans Ask for More Tax Cuts or Cuts to Medicare...
Tue Feb 6, 2018, 12:16 AM
Feb 2018

...Social Security, Etc.?

Look at Kansas. As the state sank deeper and deeper into recession, Republicans kept on doubling down on the same harmful economic policies, and the people continued to vote for Republicans.

DBoon

(22,400 posts)
7. Look at Greece
Tue Feb 6, 2018, 12:27 AM
Feb 2018

Big finance ruins the country. Who is asked to pay for it? Pensioners!

Just say no to austerity

MarcA

(2,195 posts)
9. They are deliberately destroying the economy
Tue Feb 6, 2018, 12:43 AM
Feb 2018

to end the New Deal and democratic governance. How much of this
is being done in the market "correction" remains to be seen.

dalton99a

(81,607 posts)
4. "The reason our stock market is so successful is because of me." - Trump, November 2017.
Tue Feb 6, 2018, 12:19 AM
Feb 2018

Now the reason our stock market falls is because of Obama!

ffr

(22,672 posts)
5. Nikkie Futures off 1,355, or 6%
Tue Feb 6, 2018, 12:20 AM
Feb 2018

You have to wonder if the Russian oligarchs have shadow LLCs that drove the market up and now they're selling off in an effort to profit take and destroy $Trillions in global investments.

TomCADem

(17,390 posts)
10. Will Trump at Least Do Better Than Dubya?
Tue Feb 6, 2018, 12:48 AM
Feb 2018

Dubya's tax cuts and deregulation were able to generate a bubble, which blew up spectactularly in 2008:

?w=600

Conversely, despite 8 years of improvement, the financial press never acknowledged that President Obama helped save the U.S. from a Great Depression despite 8 steady years of improvement in the DOW.

?w=600

homegirl

(1,434 posts)
12. REALITY TIME FOR TRUMP!
Tue Feb 6, 2018, 01:06 AM
Feb 2018

In ways large and small, reality is catching up with Trump.

In the same State of the Union address, Trump boasted that “African American unemployment stands at the lowest rate ever recorded.” (Never mind that this continued an eight-year trend.) Barely 60 hours later, Trump’s Labor Department reported that this boast was no longer true: Black unemployment swelled to 7.7 percent in January from 6.8 percent in December.

Reality also threatens to upend Trump’s claim that the infamous Devin Nunes memo vindicated him in the Russia probe. Now Trump faces an unpalatable choice — declassify a Democratic rebuttal showing the memo was out of context or refuse to release it and appear to be concealing something.

But perhaps nowhere does reality threaten such a rude intrusion into Trump’s world as it does on Wall Street. Trump claimed credit for the rising stock market, even though it has been setting records for about six years. But what goes up inevitably must come down.[/b

]

OnlinePoker

(5,727 posts)
13. Well, Trump claimed the market gains were his doing
Tue Feb 6, 2018, 01:07 AM
Feb 2018

What are the chances he'll claim ownership of the market plunge?

Bernardo de La Paz

(49,046 posts)
25. Sean Hannity has already blamed Obama
Tue Feb 6, 2018, 08:30 AM
Feb 2018

Welcome to DU, UpstateOne.

http://www.huffingtonpost.com/entry/sean-hannity-blames-obama-stock-market-drop_us_5a791428e4b018ad894f229c

Says Obama made money too "cheap" (low interest rates). Says the drop is a sign of the strength of the economy (yay trump).



I'm sure a little digging would quickly find Hannity supporting low interest rates like a hawk.

 

wasupaloopa

(4,516 posts)
26. It isn't so bad that he says this shit, it is that 1/3 of the people bekieve he always tells the
Tue Feb 6, 2018, 08:35 AM
Feb 2018

truth. All fox watchers I have talked to tell me that fox is the only place that tells the truth.

olddad56

(5,732 posts)
19. maybe the downturn is just a result of all the foreign money leaving because of ...
Tue Feb 6, 2018, 02:27 AM
Feb 2018

what Trump has done to our image around the world.

machI

(1,285 posts)
22. Market Up: Trump tweets it is his success - Market Down: Trump tweets ???
Tue Feb 6, 2018, 07:31 AM
Feb 2018

It will be interesting how the Republican President deals with a reversal of what he claimed as his doing.

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