DOW Dips Strongly at Week’s End

Posted by Tina

The stock market dipped strongly today (665 points) creating a weekly downturn in the DOW of 1,096 points. The biggest losers were Chevron, DowDuPont, Intel, UnitedHealth, and Apple. Many analysts are calling this a correction with buying opportunities coming on Monday. The FISA memo, as well as rising interest rates and fears of inflation are cited as main contributors. I tend to agree. Positive news for the overall economy, including rising wages and a projection for growth in the first quarter of 2018 above 5%, will see us through this dip.

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13 Responses to DOW Dips Strongly at Week’s End

  1. Ezekiel says:

    Dow was down 666. God is trying to tell you something but you won’t listen.

    • Post Scripts says:

      Ezekiel thank you for relaying God’s comment on the DOW at 666. A little follow up question, if you don’t mind? Do you think when my car odometer rolls over to 666 God trying to tell me something, or is it one of those inevitable things of no importance? I’m confused, clarification please? Also what exactly would God be trying to tell the DOW?

      • Ezekiel says:

        I think when your odometer hits 666 God may be trying to tell you it’s time for an oil change or at least check your tires and fluid levels.

        As far as the DOW is concerned, it is part of the biggest bubble in the history of the world fueled by central bank induced crack. These markets are addicted to what the central banks of the world have done with their balance sheets, interest rates and the money supply. The bankers of the world do work in Satan’s workshop.

        As far as the markets are concerned, God is telling you to get out of Dodge…but if you won’t listen to me and you won’t listen to God maybe you will listen to Peter Schiff.

        https://www.youtube.com/watch?v=4NN7n3ABYx4

        https://www.youtube.com/watch?v=e12EqQgsUiA

        • Ezekiel says:

          Fiat money and fractional reserve banking are the tools of Satan.

          • Tina says:

            Thanks for sharing your thoughts Ezekiel.

            What you suggest isn’t much of a shocker, however. As a believer you must be acutely aware of Satan’s influence in the world.

            Money can become a personal spiritual problem when we value money above God.

            (It’s just monopoly money-nothing in life is certain)

            I do agree with your position on fiat money. I much prefer currency backed by solid value…like gold.

            Keep the faith, sir.

        • Post Scripts says:

          Ezekiel, you missed my religious belief’s by a country mile, but then how could you possible know what they are, as they are quite personal to me? So, I don’t fault for what you could not know, but I do fault you for assuming too much and using flawed data to reach a logical conclusion.

          • Tina says:

            FOX reported last night the drop was 665 not 666…in case it matters to our new friend Ezekiel.

          • Ezekiel says:

            Post Scripts, what do you think I am assuming? Please feel free to share your religious beliefs. I am sure there are many such as myself who would like to hear them.

            Tina, Fox got it wrong. The Dow fell 665.75 so if you are only going to report the number as a whole number you must round up to 666.

          • Chris says:

            Ezekiel, aren’t you basing all this on the premise that numerology has anything to do with God? The whole 666 thing is a man-made invention with little to no biblical support. Of course, you could be joking.

  2. Peggy says:

    Keep in mind it was only a 2.6% drop reflective of a almost 26,000 Dow. In 2016 Obama had a 2.21% drop after his SOTU with a much lower Dow. And in 2000 Clinton had a 2.62% drop with an even lower Dow.

    Also, during the Obama years QEs were pumping up the stock numbers while devaluing the dollar, deflating their value. Today’s stock prices are based on real value not the federal printing presses.

    How the stock market has reacted to State of the Union speeches:
    https://www.marketwatch.com/story/how-the-stock-market-has-reacted-to-state-of-the-union-speeches-2018-01-23

  3. Tina says:

    Ezekiel I don’t know what Jack thought you “assumed” but I can tell you what I think you assumed:

    1. “God is trying to tell you something…”

    You do not intimately know the mind of God nor should you attempt to speak directly for Him. Perhaps He has brought you here for a lesson of your own?

    2. “…but you won’t listen.”

    Post Scripts (the blog) has a long history of posting all comments and opinions. We enjoy exchanges with people who think differently or have alternative ideas perhaps even more than with those with whom we agree. An open, inquiring mind is a beautiful thing.

    Why the contention? The article was simply reflective of what had been discussed in the news of the day.

    Fox failed to round up, fair enough. But 666 is still not accurate if you are going to insist that God is involved in sending a message.

    This is, for the most part, a political/social blog. We discuss current events. We don’t run from discussing religion or faith but it isn’t the the purpose or theme of the blog.

    Perhaps before we submit to your surly demand to explain or defend private beliefs you would be willing to share your motives. You began by being unnecessarily hostile. Explain, please.

  4. Tina says:

    One more word Ezekiel. We’ve reported on a coming bubble burst for some time now and for many of the reasons you cite as well as the massive areas of debt, federal, state, and local as well as personal.

    None of us can accurately (100%) predict the future. We can look at trends and past experiences. People like Peter Schiff are offering an informed guess…people like Schiff have been predicting a devastating correction for several years now. When it comes it comes. The DOW is simply an indicator.

    The massive infusion of investment into the private sector that has started and will continue will have a positive effect in our economy and personal experience. The stock market is not the economy. But once it settles and finds a more legitimate level at least values will be based on real growth and worth rather than “fiat money” that the fed has been pumping into it artificially during the previous administration.

    • Ezekiel says:

      “The massive infusion of investment into the private sector that has started and will continue will have a positive effect in our economy and personal experience. ”

      Not necessarily. For years the Fed has kept interest rates artificially low. In fact real interest rates are actually negative and have been for some time. This is very unhealthy for the economy as is the Fed’s enormous expansion of its balance sheet.

      What the Fed has done on a massive scale has sent false signals to businesses regarding things like capital spending and other forms of investment. This has created massive amounts of mal-investment that will need to be liquidated.

      Adding more Cap-Ex spending at this point will not make things better and would just expand the bubble. Once things start to unwind Cap-Ex will decline as it should until the mal-investment has been removed from the system, assuming of course the central banks and governments of the world do not attempt to prop up the bubble which at some point will be futile.

      The day of reckoning is coming. Apparently, you weren’t listening on Friday so God decided to send you another message today, one that was a little louder. 🙂

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