Saturday 3 February 2018

Oh My My theres that dreaded 666 number again

9,417

Why Does "666" Appear In Stock Panics?


, I
 
The number 666, according to some interpretations of the Bible's Book of Revelation, is the number of the beast. That beast would be Satan, of course -- e.g., Beelzebub, the prince of demons, Nancy Pelosi's sandwich maker.

This beastly number, 666, has also weirdly popped up during recent stock market panics. On March 9, 2009, the S&P index hit its lowest point -- 666, of course -- of the Great Recession.

Monday the S&P fell, you've got it, 6.66%. Does Monday's 6.66% drop thusly mark the demonic bottom of the August 2011 panic?


 http://www.cbc.ca/news/business/stock-markets-investors-shares-1.4528126


North American stocks fall further after Thursday's rout

Canadian job losses and sliding oil price weigh on Canadian market

Darryl McBride 
thomas stewart
It will be interesting though to see the reaction from the White House if the reversal is sustained for a serious period of time.

Mr. Trump (and his supporters here for that matter) were so quick to attribute the rising markets to Mr. Trump's acumen. Will they acknowledge any responsibility on a downward slope should it continue?


Gord McPherson
Gord McPherson
@thomas stewart

Team Trump, whomever that would be today, has already started on that narrative with statements such as:

“Healthy correction” and “return to fundamentals” and “underlying strength”.

When the Fed responds, the story will change once again and given Trump’s mercurial sense of entitlement it will likely go along the lines of:

“Activist Fed” ... “Swamp something” .... “Obama did it” ... “It’s rigged folks, that I can tell you!”

David Amos
David Amos
@Gord McPherson “It’s rigged folks, that I can tell you!”

Thats my choice


Christian Jane 
Christian Jane
How strange - tRump, who's always bragging about how great the stock market is since he became Prez is strangely silent this time.....too busy with golf, maybe?


Peter Noway
Peter Noway
@Christian Jane

Trump is destroying the TSX and laid off 90,000 Canadians in January.

Meanwhile, Potato head is in Sunny California enjoying the pool.

David Amos
David Amos
@Peter Noway Sunny Ways make for Sunny Days N'esy Pas?


Richard Sharp
Richard Sharp
@Christian Jane

Funny how a good number of the posters who attack Trudeau for being on vacation all the time (when he clear.y works his tail off for us) are the same ones who say nothing about Trump, who plays golf incessantly and spends his evenings in bed eating Big Macs.


David Amos
David Amos
@Richard Sharp Some folks claim you have the power to make your comments go "Poof" Methinks that is nonsense N'esy Pas?


Shane MacDonald 
Shane MacDonald
Where are all the Trumpetters who were proclaiming his greatness when stocks were up? It seems odd that he wouldn't be credited with the current developments as well.


Michael Murphy
Michael Murphy
@Shane MacDonald

Insults is all they ever have

Unable to debate as usually those elitists live in reality, and know things

How can they argue with that?


David Amos
David Amos
@Michael Murphy I try to debate you all the time within this public forum but you always ignore me. Why is that?


Michael Murphy
mo bennett
we're waitin' for 45 to 'splain this to the audience.


Gord McPherson
Gord McPherson
@mo bennett

Additional debt of $1.5 trillion ... per year ... already built in.

Add the promised Infrastructure Bill and you'll see Freedom Caucus members ramp up the talk of U.S. bankruptcy and default.

Of course, all this talk could merely be a forewarning, another excuse to flush what remains of public wealth towards the .01%.

Or, perhaps the Freedom Caucus is the last remaining vestiges of deficit-adverse Republicanism in the U.S.?


David Amos
David Amos
@Gord McPherson Methinks the awful truth is all the wiseguys have not a clue as to what is gonna happen next in this wicked circus. However the all knowing Fake News minions sure love it when ever a certain clown adds his two bits worth byway of two wee little thumbs and pecking out not so sly witticisms on a fancy gold inlaid smart phone N'esy Pas?


Frank Dale 
Terrza LaBonte
"Trump bragged about the gains at every opportunity on Twitter and even in his State of the Union address.“The stock market has smashed one record after another, gaining $8 trillion in value,” Trump said in his address to Congress.

Not to worry folks Mr Bankruptcy has declared the stock market is making a mistake. And we all know that anybody with a Weetabix on their head is never wrong. AHAHAHAHAHAHA.
By the way almost every Wall Street analyst said the wild growth in market values was 'tenuous' at best. This was clearly evidenced by the absurd 34 P/E ratio that the market hit. Anybody who had at least a minuscule bit of finance training would know that. Unless they had a Weetabix on their head of course.

Unmitigated folly by a very confused guy.


Frank Dale
Frank Dale
@Terrza LaBonte ....then sky is falling, the sky is falling...Armageddon....meh, and Monday the market will go back up, lots of great buys, just like 2007, but not even remotely close.

David Amos
David Amos
@Frank Dale "Monday the market will go back up, lots of great buys, just like 2007, but not even remotely close."

True Monday will tell quite a a tale but methinks not everybody is siding with your bets on the demise of this slide N'esy Pas?


Ben Smith  
Ben Smith
The job losses are only starting. This will be a very very painful year for Canada. Our all image no content government is 100% to blame for it.


David Amos
David Amos
@Ben Smith "This will be a very very painful year for Canada. Our all image no content government is 100% to blame for it."

I agree


 Kevin Delaney 
Kevin Delaney
Donnie Downturn Time. Donnie now tired of winning. Get use to it.


David Amos
David Amos
@Kevin Delaney Methinks thou doth jest just enough N'esy Pas?


James Smith
James Smith
@Peter Noway "Donnie didn't lose 88,000 jobs"

It's tough to get worked up about a month of job losses when you realize that, in December, Canada hit record low unemployment levels last seen in 1976!

The job market, like the stock market, swings. Sometimes you get a bad month even while the trend is headed in the right direction.

David Amos
David Amos
@James Smith Now I am confused


 Al Park 
Al Park
"I want a parade like the one they had in France"

Cons are a global embarrassment!!!


David Amos
David Amos
@Al Park "Cons are a global embarrassment!!!"

So are their Fake Left buddies


Ken MacDonald 
Ken MacDonald
President Scapegoat is about to find out why he was appointed.


Michael Parks
Michael Parks
@Robert Brannen Yes because their system was design to protect the entire country from pockets of high population deciding the winner of every election.
. This time the added bonus was that the SJWs in California and New York state were snubbed, thus the incessant bawling.


David Amos
David Amos
@Michael Parks "Yes because their system was design to protect the entire country from pockets of high population deciding the winner of every election"

True


Ben Smith 
Ben Smith
It's always cute to see left wingers come into the business section and start commenting. Painful to read though.


Thomas Magnum
Thomas Magnum
@Ben Smith we have to wade through your sock comments.....


David Amos
David Amos
@Thomas Magnum Methinks we all have the right to comment in a website paid for by our taxes N'esy Pas?


Lotte Riesen 
Lotte Riesen
People need to calm down. Markets self-correct, and what we are seeing here is nothing but a healthy reversion to the mean.


David Amos
David Amos
@Lotte Riesen "People need to calm down. Markets self-correct,"

If you were 65 years old like I am would you be betting your pension funds on it like the dudes who managing mine are?


Hall Broadhurst  
Hall Broadhurst
Let’s see, NAFTA is in trouble, free trade between Provinces blocked at every turn, pipelines in limbo, prices of Canadian oil sent to the US much lower than the $60 quoted here (because we Canadians, poor souls, can’t get the oil to the Americans so we have to discount it). Since most people see Canada as merely the supplier of resources, Mexico as supplier of labour, and the US as the reaper of the profits, any wonder that the markets are jittery?

Since Canada imports 80% of refined oil products from hurricane prone areas like Louisiana, the Prime Minister could, if he really wanted to make a positive impact, take the dollars allocated to the pipeline, build a refinery (or better, refineries) near to OUR supplies like Fort MacMurray and supply refined products at lower cost with stable prices, boosting our own employment with good (tax paying) jobs.

But that won’t happen - too many special (read corporate) interest groups that don’t want the Canadian economy to diversify. What a shame no one stands up for this country, but instead sells out to others.


george thompson
george thompson
@Hall Broadhurst Yeah, and 90% or more of the rigs are owned/operated by American and Chinese, employing their own people, IN OUR COUNTRY!


Gord McPherson
Gord McPherson
@george thompson

Where did you dig up that little nugget of fakery?

David Amos
David Amos
@Gord McPherson Its true

  
Gord McPherson
Darryl McBride
I feel so much better knowing Justin is running recession style deficits with no recession. (sarc.) Lets hope there isn't an actual recession or Canada will be in for a world of hurt.


Lily O'Loughlin
Lily O'Loughlin
@Dave Anderson
In Canada we say government, not govmint.

David Amos
David Amos
@Lily O'Loughlin I call it the system and it the same one that exists worldwide


Hugh Chavez 
Hugh Chavez
The DOW continues to plummet. Looks good on Trump to see it crashing.
And looks fantastic to see oil down nearly 3.5% as I post this. 7 cents from going under $59
Burn baby burn!


David Amos
David Amos
@Hugh Chavez You do understand that we are all losers correct?


Andrea San 
Andrea San
Not likely to be reported here since it is all about Russian interference narrative...
"A campaign group fighting to keep the UK in the EU has received £400,000 from billionaire investor George Soros.
Mr Soros made his donation to Best for Britain through one of his foundations."
Source BBC
ICIJgate


Michael Murphy
Michael Murphy
@Christian Jane "Where in the article did you see anything about Russian interference?"

Was in the satellite mind control rays that you clearly haven't protected yourself from


David Amos
David Amos
@Michael Murphy Soros is likely laughing all the way to the bank again. However please explain to me real slow why the Russians and the Chinese have been buying gold by the ton for years ever since your hero Obama sent the price of oil down the drain at Canada's expense and the Yankee's gain byway of the NAFTA?



http://www.cbc.ca/news/business/stocks-markets-dollar-1.4526399

Dow plunges 1,000 points as stock market swoons again

S&P/TSX composite index drops by 265.03 points, or 1.7 per cent


Traders work on the floor of the New York Stock Exchange (NYSE) on Thursday. The markets remained unsettled with big drops that put both the S&P 500 and the Dow Jones industrial average into correction territory. (Brendan McDermid/Reuters)

The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued.

The Dow is 10 per cent below the record high it set just two weeks ago, putting it in what is known on Wall Street as a "correction." The Standard & Poor's 500, the benchmark for many index funds, is also 10 per cent below the record high it set recently.

Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market's relentless march higher over the past year

The market fell steadily as Thursday wore on and is on track for its fifth loss in the last six days.

Many of the companies that led the market's gains over the last year have struggled badly in the last week. Those including technology companies, banks, and retailers and travel companies and homebuilders.

Stock trading turned volatile over the last several days, breaking an unusually long period of calm. European markets were also lower after the Bank of England said it could raise interest rates in the coming months.

After huge gains in the first weeks of this year, stocks tumbled Friday after the Labour Department said workers' wages grew at a fast rate in January. That's good for the economy, but investors worried it will hurt corporate profits and that rising wages are a sign of faster inflation. It could prompt the Federal Reserve to raise interest rates at a faster pace, which would act as a brake on the economy.

"Far and away the most important things are the fear that the Fed is going to make a mistake, and higher wages are going to cut into margins," said Scott Wren, senior global equity strategist for Wells Fargo Investment Institute. The worry, he said, is that the Fed will raise interest rates too quickly.
The S&P 500 shed 100.58 points, or 3.75 per cent, to close at 2,581.08.

The Dow Jones industrial average lost 1,032 points, or four per cent, to finish at 23,860.46 .

The Nasdaq composite fell 274.83 points, or 3.9 per cent, to 6,777.16.

Canadian stocks lower


On Bay Street, the S&P/TSX composite index closed at 15,065.55, dropping by 265.03 points or 1.73 per cent.

Eleven of the 12 subgroups closed lower, led by energy, losing 4.79 points, or 2.77 per cent, to 167.95 points. Gold was the lone advancer, adding 0.15 of a point, or 0.08 per cent, to 181.78 points.

On foreign exchange markets, the Canadian dollar was down by 0.16 of a cent at 79.42 cents US.

The price for light sweet crude for March settled at $61.15 US a barrel, down 64 cents from Wednesday's close.

Tom Martin, senior portfolio manager with Globalt Investments, said he didn't see anything specific moving the market lower today, just a continuation of a shift in investor mindset from fear of missing out in a rising market to worry of clocking big losses in a market that's turned.
"This is going to take longer to work out than people expect," he said. "In January we talked about fear of missing out. What we have now is what I call fear of getting caught."




Global stock markets tumble after Wall Street battering

Market pros have been predicting a pullback for some time


1125 Comments                                                                                                Commenting is now closed for this story.


Robert Miller   
Content disabled. 
Robert Miller
Predicted this sort of event.

President Obama's regulation of Wall Street and the banksters was reponsible for the turnaround after the tsunami in 2008.

Your "stable genius" seems more like a maroon.


David Amos
Content disabled.
David Amos
@Robert Miller It is all twisted history written by the winners. As the economy takes another nosedive perhaps truth-seekers should check a loser's work sometime.
Google

Harper and Bankers

and then

David Amos Bank Fraud

then

David Ams Madoff

I obviously was a player years before the nosedive in 2008


David Amos
Content disabled. 
David Amos
@David Amos Why doesn't CBC act ethically for a change?

David Amos 
David Amos
"The selling, which gathered pace Monday when the Dow Jones industrial average posted its biggest percentage decline since August 2011, has been triggered by fears the U.S. Federal Reserve will raise interest rates faster than many in the markets have been predicting in light of a pick-up in wage growth."

.Everybody in the know knows the Federal Reserve officials aka Banksters are the ones who orchestrate this wicked game with other people's money and "Futures" in more ways than one.


http://www.cbc.ca/news/business/markets-houses-real-estate-1.4520046


What faltering stocks and bonds could mean for house prices: Don Pittis

A strong economy is good for housing demand, but new uncertainty could push prices down


Don Pittis · CBC News · Posted: Feb 06, 2018 4:00 AM ET

578 Comments                                                                                                Commenting is now closed for this story.


Dean Robertson
Dean Robertson
A home is a place to live. If you buy two homes it's an investment.

Governments are not responsible for investments. Nor should they care about how the market goes up or down. If your home that you own goes down in price, then basically all the other homes you wish to buy will go down too.

Don't believe the hype from investors. It's not anyone's problem but theirs.


Karen O'malley
Karen O'malley
@Dean Robertson Exactly. My home went up $200K in the last 3 years, but it makes no difference to me, since I am living in it. I don't see the money until I sell, and then I have to buy something else, so if prices are still inflated then, I don't really win out. In fact, it's better if prices drop so that all Canadians can afford homes.


David Amos
David Amos
@Karen O'malley I agree

David Amos
David Amos
@Dean Robertson YUP


Karen O'malley 
mo bennett
your house is only worth as much as someone is willing to pay for it.


David Amos
David Amos
@mo bennett Yo Mo that was profound


Karen O'malley 
Michael G. L. Geraldson
Toronto and Vancouver don't paint a fair picture of what's going on elsewhere in Canada. You could probably sell an outhouse there for a million dollars, and somebody would buy it for the land and build a mansion. There are great places to live and work across the country. In my community prices are inching up after stagnating for awhile and homes are selling at a fraction of prices in the GTA. Let's look at the whole picture.


David Amos
David Amos
@Michael G. L. Geraldson FYI Trust that I am buying my next abode in New Brunswick right now for far less than an outhouse in BC


Karen O'malley 
Jeremy Kemp
Stocks and houses should be treated the same, hold them long term and money will be made.


David Amos
David Amos
@Jeremy Kemp True


Jack Richards 
Jack Richards
Every full time working person in Canada should be able to afford to own the roof they live under. Something is very wrong in this country when full time working people are unable to own a home. So wrong.


David Amos
David Amos
@Jack Richards "Every full time working person in Canada should be able to afford to own the roof they live under"

Methinks that was the Canadian government's reasoning after WW II That is why we the people guaranteed the Bankster's mortgages byway of the Crown Corporation Canada Mortgage and Housing Corporation N'esy Pas?


Eric  V. Zepplin   
Eric V. Zepplin
who are they kidding? ,housing prices are still out of reach for the average Canadian , getting in debt beyond your means isn't smart idea


Ryan Tasker
Ryan Tasker
@Peter Hill
The majority of OLDER Canadians own their own home.
The majority of YOUNGER Canadians were screwed over by their parents and grandparents and now can not afford a home.


David Amos
David Amos
@Ryan Tasker Sad but not exactly true. Their parents and grandparents are being done in on a daily basis too. I know that for certain because I am one of them.


Peter Olsen 
Peter Olsen
Like Trump's presidency there is a lot of false value in the real estate market that people are now admitting to.


Lee Brown
Lee Brown
@Peter Olsen

Hillary had way more false value

David Amos
David Amos
@Lee Brown True


Andreas Burnett 
Andreas Burnett
"He who panics first, panics best."


David Amos
David Amos
@Andreas Burnett "Many a true word is said in jest"


Andrew McLaren 
Andrew McLaren
Not quite so volatile as Btwitcoin though, down from 20K to 6K in six weeks. Jumping the shark generally means a follow up according to the laws of gravity.


David Amos
David Amos
@Andrew McLaren I am a bigime believer in the irrefutable the laws of gravity


Jean Valjean 
Jean Valjean
I held on to everything in 2009.
I'm doing the same now.
And thankfully, I don't lie awake at night worrying about interest rates rising.
In fact, for many, it would in fact be a good thing.


David Amos
David Amos
@Jean Valjean I am not certain that just because it worked once that it should work twice. It may but perhaps you may be too old to reap the benefit of your patience after the dust settles this time around.



Dow Jones plunges as North American losses deepen

Benchmark Dow Jones index fell below 25,000 for the 1st time since Jan. 4

By Rajeshni Naidu-Ghelani, CBC News Posted: Feb 05, 2018 9:44 AM ET Last Updated: Feb 05, 2018 3:29 PM ET

 
2557 Comments
Commenting is now closed for this story.


 Bo Xi Lai 
carl tyrell {dit antaya)
We tend to think that markets are fluid due to economics , the reality is a comparative to a school of minnows being the prey of pike hiding in the weeds and striking when hungry


David Amos
David Amos
@carl tyrell {dit antaya) Well put sir


 Bo Xi Lai 
Bo Xi Lai
Chinese fund managers are realizing profits in preparation for next week's Chinese New Year Holiday. Watch out for the week after next. When the stock market resumes first day after the Chinese New Year, it will be a Red (Bull) market. It has been a good year for the Chinese stock market investors. Thank you all for your generous support. Happy New Year!


David Amos
David Amos
@Bo Xi Lai I concur


Ed Munn (FrogLips1) 
Ed Munn (FrogLips1)
An anticipated correction. Nothing will stop the US economy.


David Amos
David Amos
@Ed Munn (FrogLips1) Dream on

David Amos
David Amos
@Ed Munn (FrogLips1) "The lone bright spot was Mainland China's Shanghai Composite, which reversed losses to close up 0.7 per cent."



Ed Munn (FrogLips1)
A well deserved long awaited dip buying opportunity evolving.
Maybe pick up some Gold in case it gets prolonged.


David Amos
David Amos
@Ed Munn (FrogLips1) FYI some folks are reading my blog that you want them to ignore N'esy Pas?


Mark Smith
Mark Smith
@Ed Munn (FrogLips1)

It is a buying opportunity for sure. The market hates instability, and there's plenty of that in the USA.

David Amos
David Amos
@Ed Munn (FrogLips1) Methinks the dreaded 666 number more than doubled down today and the Market ain't closed yet EH?

There is a buying opportunity evolving all right If I were a rich man I would wait awhile yet after I sold had everything weeks ago. Furthermore everybody and his dog knows why the Russians and the Chinese have been buying gold by the ton for years. Remember the old rule? "He with the gold makes the rules"

Methinks a lot of folks agree with me in that we are looking at the end f the Yankee petrodollar and the rise of the dragons out of the east. N'esy Pas?


Ed Munn (FrogLips1)
Ed Munn (FrogLips1)
New applications for unemployment insurance benefits plunged by 41,000 to 220,000 in the second week of 2018, the Labor Department reported Thursday, the lowest level in nearly 45 years.
The report easily beat forecasters expectations for new jobless claims to drift down to around 250,000.
Low jobless claims are a good sign because they suggest that layoffs are relatively scarce. Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble.

The Trump administration and congressional Republicans have stated that they want to maintain a high level of job creation not only decrease unemployment, but also boost the labor force participation rate by encouraging people who have retired or quit the workforce to seek out jobs.


David Amos
Content disabled.
David Amos
@Ed Munn (FrogLips1) "Federal Reserve officials and investors watch the numbers because they come out weekly, providing an early warning sign of any trouble"

Too Too Funny Methinks thou doth jest too much N'esy Pas? .Everybody in the know knows the Federal Reserve officials aka Banksters are the ones who orchestrate this wicked game with other people's money and "Futures" in more ways than one.

 
David Amos
Content disabled. 
David Amos
@Ed Munn (FrogLips1) Go Figure why CBC would block my reply

http://www.cbc.ca/news/business/stock-markets-1.4521715


David Amos
David Amos
@Ed Munn (FrogLips1) Why don't you explain to the folks why i sued 3 US Treasury Agent amongst a host of lawyers in 2002 then ran for public office fives times after I was involved in US Senate Banking Committee Hearing?

Anybody can Google the following correct?

David Amos Bank Fraud


Sean Flynn 
Sean Flynn
Trump claims credit for all the stock market highs, will he claim responsibility for this as well?


Harold Fitzgerald
Harold Fitzgerald
@david mccaig

Those that bought in the great crash of 29 made fortunes. I expect you spent the day buying into this bump? It's a sale!

David Amos
David Amos
@Harold Fitzgerald Everybody in the know knows the Federal Reserve officials aka Banksters are the ones who orchestrate this wicked game with with other people's money and "Futures" in more ways than one.


David Amos
David Amos
@Sean Flynn Perhaps folks should go to Round 3 within CBC?

http://www.cbc.ca/news/business/stock-markets-1.4521715

  
Kathy Altenhofen
Mike Crow
When will Trump admit that he actually has nothing to do with the stock market?


David Amos
David Amos
@Mike Crow "When will Trump admit that he actually has nothing to do with the stock market?"

Oh Yea? Methinks that a simple slip Trump's tongue oa live microphone or his thumbs on his smart phone can make the markets tumble in a heartbeat N'esy Pas?


Kathy Altenhofen 
George Penner
Does the Donald take credit for the stock market slump?


Sue Lanchester
Sue Lanchester
@George Penner This strategy is not in the Art of War book.

David Amos
David Amos
@Sue Lanchester Yes it is

David Amos
David Amos
@Sue Lanchester Who wrote that book and who invented paper money?

"The lone bright spot was Mainland China's Shanghai Composite, which reversed losses to close up 0.7 per cent."


 Mike Bookman 
Mike Bookman
Betcha Trump won't take credit for the slump.That'll be the democrats fault under Obama or CNN.


David Amos
David Amos
@Mike Bookman Methinks many a true word is said in jest. Banksters and their pals Obama & CNN et al can be blamed for the next economic downturn not just their buddy Mr Trump. N'esy Pas?


Kathy Altenhofen 
Evan Mulligan
It's the Donald Deficit. No matter how hard he tries, trump can't hide the fact that he's added $1.7 trillion to the US deficit and this will eventually come home to roost.

The Obama economy is over. Now the trump economy starts to take hold, and we can all see how well that's going.


robert williams
robert williams
@Evan Mulligan
1.7 Trillion without compound interest added on each day.

David Amos
David Amos
@robert williams How much did the Yankee national debt increase under the Obama regime?


Damien Johnston 
Damien Johnston
So is trump going to brag about the loses?

Arlond Lynds
Arlond Lynds
@Damien Johnston
If his lips move he is bragging or blaming.

David Amos
David Amos
@Arlond Lynds True


Ed Logan 
Ed Logan
Since Trump took office hate crimes have increased in the US and Canada by three fold.
Trump promotes racism, fear and hatred and it is spreading into Canada like a contagious disease.


Karin Bougie
Karin Bougie
@Ed Logan

Have you been to the states in the last year? I have. I see no hate there. There's no contagious disease of racism.

You are letting the media turn you into a hateful, scared person. Real human beings go on living and are happy and industrious.

Chill out and put that nasty koolaid away.

David Amos
David Amos
@Karin Bougie I spent many years south of the 49th as a married man with two children to watch out for. It is fairly clear to me that you look at the USA through rose coloured glasses from a gated community no doubt..


Kathy Altenhofen 
Wayne Chapman
But Trump was just on TV saying how he is to be celebrated for how he has turned the stock markets around since he became the most glorious president America has ever seen. This must be FAKE NEWS.


David Amos
David Amos
@Wayne Chapman Don't ya just love the circus?

  
Kathy Altenhofen
David Sampson
Markets tend to overreact to both good news and bad news.


David Amos
David Amos
@David Sampson "Markets tend to overreact to both good news and bad news"

YUP and when the news is about the Markets watch out.



http://www.cbc.ca/news/business/markets-stocks-investors-1.4516409


Markets hit biggest weekly loss in 2 years, Dow falls 666 points

Stronger jobs data from U.S. economy raise likelihood of interest rate hikes

CBC News Posted: Feb 02, 2018 12:06 PM ET 


915 Comments 


 Brent Grywinski 
Brent Grywinski
So is Trump going to accept the worst week for the Dow Jones in two years just like he took total credit for it reaching record heights. Fair is fair, isn't it? Of course, nothing wrong is ever his fault, right?


David Amos
David Amos
@Brent Grywinski Why not ask me after you Google two names?

David Amos Trump


Brent Christianson
Brent Christianson
@Brent Grywinski

And it dropped 666 points! Coincidence? I think not!



David Amos
David Amos
@Brent Christianson I believe it dropped by the same number in October 2008 but the percentage of loss was much higher then.

Interesting number though BTW It is the same number on the building that Trump's son in law bought from his buddy George Soros Go Figure


David Amos
Content disabled.
David Amos 
@Brent Christianson Need I say the link to Trump and Soros is wickedly interesting to me

FYI Soros backed this deal for Trump's son in law

https://www.nytimes.com/2017/04/03/nyregion/kushner-companies-666-fifth-avenue.html

and I dealt with Soros' lawyers at this address way back in 2003

The Center for Constitutional Rights 666 Broadway 7th Floor New York, NY



David Amos
Content disabled.
David Amos



David Amos
David Amos
@Brent Christianson Trust that you would enjoy the replies of mine that CBC are blocking

 
David Amos
David Amos
@Brian Wilkins Want some facts about Feds and Banksters that the RCMP, the USDOJ, The Russians, Chretien, Martin, Harper, the Clintons, Bush, Obama and now both Trudeau "The Younger" Trump know?

Just Google words such as

David Amos Bank Fraud

or David Amos Madoff

or Harper and Bankers

or Soros 666 Broadway

or Soros 666 Fifth Avenue



Jacques LaPalmier
Jacques LaPalmier
@Jacques LaPalmier

".... sharp losses led by the Dow Jones index losing 666 points"

Coincidence ?
I think not (and that coming from a 'non-believer').

David Amos
David Amos
@Jacques LaPalmier I you seek true enlightenment scroll up through this thread and check the comment you just buried


Angela Kung 
Angela Kung
Trump supporters kept attributing growth in the stock market to Trump. Wonder what they'll be saying to this or if they'll find a way to blame Hillary.


David Amos
David Amos
@Angela Kung Methinks Hillary and Trump et al are just mere pawns in the wicked game played by Banksters N'esy Pas?


 Kato Anderson 
Kato Anderson
Trump has opened up off-shore drilling all along American coastlines . . . except along Florida. Why was Florida exempted? Mar-a-Lago. Trump did not want to see oil rigs from his "Winter White House".


David Amos
David Amos
@Kato Anderson "Trump has opened up off-shore drilling all along American coastlines"

Methinks Obama did that years ago in a effort to bankrupt the Russians N'esy Pas?


Kato Anderson
Randolph Neville
Trump, "...This is all Obama's fault...Rrr, I mean Clinton's fault...Doh, it's Mueller's fault...I mean anyone but ME..."


David Amos
David Amos
@Randolph Neville "Trump, "...This is all Obama's fault...Rrr, I mean Clinton's fault...Doh, it's Mueller's fault...I mean anyone but ME..."

Methinks its is everybody you mentioned above plus legions more who are pawns of the Banksters who put them in the position to assist in the their wicked game with other people's money N'esy Pas?


Don Brown 
Don Brown
Markets hate unstable conditions, Trump is unstable . But he will blame Obama and take credit when it goes back up. Rinse Repeat


David Amos
David Amos
@Don Brown Methinks Trump is powerless to stop a wicked game in play long before he was a twinkle in his Father's eye He is just a duly elected puppet of Banksters now N'esy Pas?


Don Brown
 Jack Birmingham
Just 3 days after Ol' Big Mouth took credit for the success of the Stock Market, and on the one year anniversary of his first day on the job... Don't tell me there's no such thing as Karma.


David Amos
David Amos
@Jack Birmingham It ain't over til the Fat Lady Sings. Methinks we should wait till the foreign markets respond to the Dow downturn after the big Yankee football game is a matter of history N'esy Pas?


 Steve Whitaker 
Steve Whitaker
Remember, Trump takes credit for North American markets.

Ron Leblanc
Ron Leblanc
@Steve Whitaker Well one bad week over the past two years is pretty good.

Marcus Garvey
Marcus Garvey
@Ron Leblanc except Trump has only been President for one year.

Art McCarthy (Key Bored)
Art McCarthy (Key Bored)
@Steve Whitaker
...and blames all negative news on;
- Democrats
- Fake news
- disloyal intelligence/DOJ/FBI

I hear the wheel of misfortune spinning.

David Amos
David Amos
@Marcus Garvey "except Trump has only been President for one year"

True but this year is just beginning

Methinks nobody should deny that Groundhog Day was a very bad day not only for the Dow and Trump but for Hillary and her pals the FBI as well N'esy Pas?


Jay Dean
Jay Dean
Market has realized that Trump is going down.


David Amos
David Amos
@Jay Dean "Market has realized that Trump is going down"

Methinks thou doth jest to much. Perhaps you should look a little closer at recent history N'esy Pas?


Dirk Beauregard 
Dirk Beauregard
"The stock market took a dive yesterday.

It was so bad, Goldman Sachs had to lay off three congressmen." –Jay Leno


Paul Bigras
Paul Bigras
@Dirk Beauregard

Theres a lot of truth to that joke.

David Amos
David Amos
@Paul Bigras Methinks many a true word is said in jest and the very wealthy dude Jay Leno aught to know N'esy Pas?


Joseph Nostromo 
Joseph Nostromo
When the market is at 25,000, this kind of drop is peanuts.


Robert  Bruce
Robert Bruce
@Joseph Nostromo

The great flood had to start with a single raindrop

Joseph Nostromo
Joseph Nostromo
@Robert Bruce
What was truly amazing was how rapidly it went from 20K to 26K. This market overshot its value.

David Amos
David Amos
@Joseph Nostromo "When the market is at 25,000, this kind of drop is peanuts."

That may be easy for you to say but methinks all won't agree with you N'esy Pas?



Joseph Nostromo
Joseph Nostromo
@David Amos
The people that are truly suffering are those that bought pot stocks and crytocurrencies in the past few months.

David Amos
David Amos
@Joseph Nostromo Wanna big tip?

Google two names mine and Trump's

or better yet

David Amos Bank Fraud


David Amos
David Amos
@Joseph Nostromo Des the cat have your tongue?

Dave laitinen 
Dave laitinen
And Trump blames Nunes memo. It's Obama's fault. Go figure.


David Amos
David Amos
@Dave laitinen I did Methinks if he truly said it then he would have made a very valid point.


Ralph Wilkes 
Ralph Wilkes
I invest in empty beer cans, they never lose their value, 60 cents a dozen, I am going to be rich.


David Amos
David Amos
@Ralph Wilkes Paint the beer cans black put them in a glass covered box in the sun and vent the heat into your abode then you can enjoy free heat while waiting for your investment to value to rise in value. Consider it a non taxable dividend


David Amos
David Amos



Randy Ellis
Randy Ellis
@David Amos

Add a tiny fan (like in your computer) and it works even better. And yes if you want to go whole hog you can run the fan off solar.



North American stocks fall further after Thursday's rout

Canadian job losses and sliding oil price weigh on Canadian market


The Dow Jones index is headed for its worst week in nine years. (Richard Drew/The Associated Press)

North American markets headed lower on Friday afternoon, failing to bounce back from a steep sell-off on Thursday that sent the three U.S. benchmark indexes into correction territory.
The Dow Jones industrial average was down 1.99 per cent, or 474 points, at 23,386.29, while broader barometer S&P 500 lost 1.76 per cent, or just over 45 points, to slide to 2,535.66.

The tech-heavy Nasdaq composite was down by two per cent, or 136 points, to 6,640.74.

The Dow had plunged more than 1,000 points on Thursday, pushing it, the S&P 500, and the Nasdaq to fall more than 10 per cent from their record highs on Jan. 26.

That means all three indexes are now in what is considered a "correction" in the markets.

Meanwhile, the Dow is heading for its worst week in nine years.

The yield on the benchmark 10-year treasury note hovered at 2.80 per cent — near the four-year high of 2.885 hit on Monday. The bond is considered to be the global driver of borrowing costs.

As interest rates rise, the value of existing bonds falls, and borrowing to invest becomes more expensive.

"The fact that Monday's lows were breached on Thursday signals more trouble ahead, and rallies are likely to give way to rising bond yields," Peter Cardillo, economist at First Standard Financial in New York, told Reuters.

The CBOE Volatility index, which is the main gauge of expected volatility on Wall Street, rose to 38.51 in the afternoon — but still well below over 50 hit on Tuesday, which is a 2½-year high.


Canada down


The Canadian market headed lower as oil prices fell and Statistics Canada released disappointing jobs data.

The S&P/TSX composite index was down 1.54 per cent at 14,833.06 after losing 1.7 per cent on Thursday.

Economic data on Friday showed the economy had lost a surprising 88,000 jobs in January, hitting its biggest one-month decline in nine years.

"The concentration of the job loss in Ontario and the focus upon lost part-time jobs in that province will no doubt feed debate on whether large minimum wage hikes took a toll on employment, but proving causality may remain contentious," said Derek Holt, economist at Scotiabank in a note.

"It's possible the Bank of Canada dismisses most of this report as a transitory adjustment to higher minimum wages," he added.

The Canadian dollar traded at 79.23 US cents, down from Thursday's average of 79.46 cents.

The loonie has been facing weakness from the strength of the U.S. dollar as investors fled to the safety of the reserve currency amid volatility.

Oil falls below $60


Meanwhile, benchmark U.S. crude oil fell below $60 US a barrel for the first time this year, falling more than $2 to $58.28 US as investors dumped risky assets.

Concerns of oversupply the U.S. market also weighed on the commodity.

Shares of energy giants Encana were down more than six per cent, while Cenovus Energy fell more than seven per cent.

Markets around the world also reeled Friday from the sell-off on Wall Street Thursday.

Mainland Chinese shares led the declines with the Shanghai composite losing over four per cent, while Hong Kong's Hang Seng index lost over three per cent.

Asia's biggest market — Japan's Nikkei 225 index — lost 2.3 per cent.

In Europe, the benchmark Stoxx 600 index closed down 1.5 per cent, with all sectors in negative territory.

Global stock markets tumble after Wall Street battering

Market pros have been predicting a pullback for some time

Dow Jones plunges as North American losses deepen

Benchmark Dow Jones index fell below 25,000 for the 1st time since Jan. 4

By Rajeshni Naidu-Ghelani, CBC News Posted: Feb 05, 2018 9:44 AM ET
Last Updated: Feb 05, 2018 3:29 PM ET
 
Rising bond yields and the prospect of higher interest rates continued to weigh on the benchmark indexes.
Rising bond yields and the prospect of higher interest rates continued to weigh on the benchmark indexes. (The Associated Press) 

Losses in the North American stock markets sank deeper into the red on Monday afternoon after the Dow Jones index fell as much as over 1,500 points following its worst weekly decline since 2016 on Friday.

The benchmark Dow Jones Industrial Average lost 809 points and was down 3.2 per cent to 24,711.79 points in afternoon trading. But it was down over 1,500 points at one point.

It was the first time the Dow fell below 25,000 points since Jan. 4. It is also the largest daily drop on the index in its history.

On Friday, it lost 666 points, its biggest daily decline since during the global financial crisis in December 2008.

Meanwhile, the S&P 500 lost 2.8 per cent to 2,685.98, while the tech-heavy Nasdaq Composite was lower than 2.5 per cent to 7,061.76. Both indexes had lost about two per cent on Friday.

The financial, energy and industrial sectors were among the biggest losers in the U.S.


Derek Holt of Scotiabank Economics said investors' "fear" in the market was the result of several factors.

"First, strained valuations, second, central bank concerns in a week that is full of global central bank decisions; plus a U.S. shutdown risk by Thursday as the debt ceiling suspension draws to a close in a little over a month," he said in a note.

Bond yields


Rising bond yields also continued to weigh on shares as investors worried that signs of rising inflation could make the U.S. Federal Reserve raise interest rates faster than anticipated.

As interest rates rise, the value of existing bonds falls and borrowing to invest becomes more expensive.

The yield on the 10-year U.S. treasury note surged to 2.885 per cent overnight, a four-year high, but fell back to 2.841 per cent in the morning.


Robert Kavcic of BMO Capital Markets said in his morning note Monday that despite the sell-off in equities, the rise in treasury yields has not relented.

"Surging bond yields and the realization that monetary tightening is now a real and more significant factor," he said.

"This just serves to reinforce our expectation that a March rate hike is coming, and that the three-per year pace that we have in our forecast right now is probably the starting point."

Canadian shares


In Toronto, the S&P/TSX Composite was down 1.6 per cent to 15,360.23 points in the afternoon.

The index had lost 255 points, or 1.6 per cent, on Friday, marking its worst decline in nearly five months. It had also lost four per cent for the week, marking its worst weekly decline since January 2016.

Financials and energy shares weighed on the index as benchmark U.S. crude fell 1.8 per cent to $64.26 US a barrel in New York.


Shares of Toronto-Dominion Bank and Bank of Montreal were both down about 2.7 per cent.
On the other end, healthcare and the materials sectors were up on Monday after seeing losses for much of last week.

Shares of Aurora Cannabis were up 12 per cent after announcing that it would buy 20 per cent stake in an Alberta liquor store chain.

Weaker loonie


The Canadian dollar was trading at 80.03 US cents, down from Friday's average price of 80.78 US cents.

Despite the loonie trading lower in a "risk off" market, Bipan Rai of CIBC Capital Markets said it does remain less sensitive than most other currencies to the global equities sell-off.

"Global central banks continue to diversify into the Canadian dollar. As of the third quarter of 2017, the amount of Canadian dollar reserves owned by central banks had grown by 85 per cent since the beginning of 2014," he said.

"Currently, we estimate that central banks own around 30 per cent of the domestic sovereign market."

Rest of the world


The majority of Asia's major markets closed down on Monday as Wall Street's sell-off on Friday raised concerns about an overdue correction in equities.

The region's biggest market, Japan's benchmark Nikkei 225 tumbled 2.6 per cent, while Hong Kong's Hang Seng index lost 1.1 per cent.

The lone bright spot was Mainland China's Shanghai Composite, which reversed losses to close up 0.7 per cent.

In Europe, the benchmark Stoxx 600 finished lower by 1.6 per cent — marking its lowest level since November. It's the sixth consecutive day of losses for the index.

That is the biggest decline for the index since the United Kingdom voted to leave the European Union in June 2016.

German coalition talks heightened concerns of political instability in the region after the country's political parties struggled to form a government.

Markets hit biggest weekly loss in 2 years, Dow falls 666 points

Stronger jobs data from U.S. economy raise likelihood of interest rate hikes

CBC News Posted: Feb 02, 2018 12:06 PM ET


The decline in U.S. stocks deepened in the afternoon, following jobs data that showed the strongest annual wage growth since 2009, raising the prospect of higher inflation and more interest rate hikes.
The decline in U.S. stocks deepened in the afternoon, following jobs data that showed the strongest annual wage growth since 2009, raising the prospect of higher inflation and more interest rate hikes. (The Associated Press)

North American markets ended a volatile week with sharp losses led by the Dow Jones index losing 666 points, or 2.5 per cent, in its biggest decline in two years.

The Dow Jones Industrial Average closed down at 25,520.96 points, while the S&P 500 lost 2.1 per cent to 2,762.13 points.

Both benchmark indexes saw the worst week of losses since January 2016.

The tech-heavy Nasdaq Composite dropped two per cent to 7,240.95 on Friday — marking its worst week of losses since February 2016.

The decline in U.S. stocks deepened in the afternoon, following jobs data that showed the strongest annual wage growth since 2009, raising the prospect of higher inflation and more interest rate hikes.

Nonfarm payrolls jumped by 200,000 jobs in January after rising 160,000 in December, while the unemployment rate remained at a 17-year low of 4.1 per cent.



But Scotiabank economist Derek Holt said in his morning note that he was cautious about the acceleration in wage growth for a few ​reasons.

"Wages may have accelerated… but incomes in aggregate were dented by working fewer hours," he said.

Robert Kavcic of BMO Capital Markets said the "relentless" rise in bond yields is probably not helping markets at this point.

"The 10-year Treasury is pushing 2.8 per cent for the first time since early 2014, and the two-year is nearing 2.2 per cent for the first time since the Fed eased aggressively during the financial crisis," he said.

As interest rates rise, the value of existing bonds falls and borrowing to invest becomes more expensive.

Earnings impact


Weak earnings from several large companies like Exxon Mobil, Chevron and Google's parent company, Alphabet, also weighed on the benchmark indexes.

Index heavyweight Apple's shares were also down 4.3 per cent after its earnings on Thursday showed that the tech giant sold 77.3 million iPhones in the last quarter, below the 80 million expected by analysts.



The Canadian dollar, meanwhile, traded at 80.78 US cents, down from 81.38 US cents on Thursday.

The greenback was stronger against most major currencies on the strong jobs data.

Canadian market


Falling oil prices and a continuing decline in the marijuana sector also contributed to big losses on the Canadian market.

The S&P/TSX Composite lost 255 points, or 1.6 per cent, to 15,606.03 points, marking its worst decline in nearly five months.

The market lost some four per cent this week, which is its worst week since January 2016.



The energy and materials sectors were among the hardest hit, as crude oil and gold prices fell.
Benchmark U.S. crude fell 35 cents to $65.45 US a barrel in New York, while gold was down $10.60 to $1,337.30 an ounce.

Shares of Imperial Oil finished down 4.3 per cent after its fourth-quarter earnings fell short of market expectations.

Weed prices


The healthcare sector was the biggest loser on the index as marijuana stocks continued to lose value.
Analysts said cannabis producers will continue to see more volatility in the weeks ahead on issues such as oversupply in stock and falling prices.

A government web survey on Friday showed that Canadian marijuana costs $6.85 a gram after suggesting earlier that weed prices have been falling in recent years as illegal producers boosted production.

Shares of the country's biggest marijuana producer Canopy Growth fell 12.5 per cent on Friday.



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