DOW Selloff Erases 2014 Earnings...GoObama!!

[travelinman67]

The day after Q2 earnings are released, markets drop across the board...

http://www.straitstimes.com/news/busine ... s-20140801

...but that's not Obama's fault...

...right?

[AZGrizFan]

[DSUrocks07]

[kalm]

Should we be measuring the strength of the economy based on Wall Street performance?

[travelinman67]

Should we be measuring the strength of the economy based on Wall Street performance?

Wrong question.

Should be asking, does WS respond to weakening economic indicators?

[kalm]

Should we be measuring the strength of the economy based on Wall Street performance?

Wrong question.

Should be asking, does WS respond to weakening economic indicators?

Do you think Wall Street is altruistic and always based on real value?

[ALPHAGRIZ1]

If it benefits them..........then yes.

[kalm]

If it benefits them..........then yes.

Exactly.

[Baldy]

Should we be measuring the strength of the economy based on Wall Street performance?

More so than government generated economic indicators and statistics.

[Baldy]

Wrong question.

Should be asking, does WS respond to weakening economic indicators?

Do you think Wall Street is altruistic and always based on real value?

Wall Street isn't supposed to be altruistic, and is rarely ever based on true value.

[SDHornet]

Dow lost another 70 points today. My recent retirement transactions are looking like pure gold right now.

[kalm]

Do you think Wall Street is altruistic and always based on real value?

Wall Street isn't supposed to be altruistic, and is rarely ever based on true value.

[Ivytalk]

Wrong question.

Should be asking, does WS respond to weakening economic indicators?

Do you think Wall Street is altruistic and always based on real value?

The markets' performance is tied more to the Fed's whims than to actual economic statistics. As Zack Mayo (look him up) said, investors seeking yield go to the stock market because "they got nowhere else to go." Other financial assets just lie there like a stoned hooker.

[Baldy]

Do you think Wall Street is altruistic and always based on real value?

The markets' performance is tied more to the Fed's whims than to actual economic statistics. As Zack Mayo (look him up) said, investors seeking yield go to the stock market because "they got nowhere else to go." Other financial assets just lie there like a stoned hooker.

Exactly and when this stock market bubble explodes, since so many have had to jump out of bonds into the stock market, a lot of people are going to be in a world of hurt. It's gonna make 2007 look like a cocktail party.

[biobengal]

Erases 2014 earnings? That's too bad.

I am up 16.5% the past year; am I alone? FYI, I am not a savvy investor; composite funds (NASDAQ and S&P) have been good to me since I bought back strong in 2010. You sharks have probably done better.