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BLOOMBERG: Dow Average Sinks More Than 1,100 Points, Most Since 2011

Posted By: NaturalWisdom
Date: Monday, 5-Feb-2018 16:56:29

In Response To: Bitcoin crashes as China vows to stamp out overseas crypto-trading (NaturalWisdom)

: DOW FALLS 666! Means Aquarian Age comes to
: massive fruition today at sunrise...
: FrancisDrake -- Monday, 5-Feb-2018 03:17:13
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=92979

I suspect the '666-point' drop in the Dow on Friday was a tip to the insiders to cash in their chips now and take their money off the table because share prices are headed lower.

Bloomberg headlines such as this are published to keep the suckers (the public) fully invested in the market: "Traders Aren't Panicking Despite Massive Late-Session Stock Rout."

U.S. Stocks Sink Most Since 2011 as Rout Deepens: Markets Wrap
Sarah Ponczek and Jeremy Herron
February 5, 2018
Click here

[snip]

U.S. stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1,100 points, as the equity selloff reached a fever pitch amid rising concern that inflation will force interest rates higher. Treasuries rallied and gold rose on haven demand.

Volatility roared back into American equity markets, as the S&P 500 Index sank 4.1 percent to wipe out its January gain and turn lower on the year. The index capped its worst day since the U.S. lost its pristine credit rating, topping the rout that followed China’s shock devaluation of the yuan, the Brexit selloff and jitters heading into the presidential election. Trading volume was almost double the 30-day average. All but two stocks in the broad gauge declined.

“This is classic risk off that may not end any time soon,” says Win Thin, head of emerging-market currency strategy at Brown Brothers Harriman.


SOURCE




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