[Caymus]

Any guesses on how far the markets will drop today? NASDAQ is down about 1000 premarket.

[jimbomaybe]

Originally Posted by Caymus

Any guesses on how far the markets will drop today? NASDAQ is down about 1000 premarket.

Today /tomorrow things will drop until greed overcomes fear

[justjim]

Fed should have lowered interest rates at July meeting IMHO.

[Pballer]

The market is already coming back off its lows in the hope of a Fed emergency rate cut. Any time the market declines, the Fed considers it to be an emergency.

[tophcfa]

Originally Posted by justjim

Fed should have lowered interest rates at July meeting IMHO.

Originally Posted by Pballer

The market is already coming back off its lows in the hope of a Fed emergency rate cut. Any time the market declines, the Fed considers it to be an emergency.

There in lies a major problem. Both the country and the consumer are overburdened with unsustainable levels of debt, resulting in interest rates driving the market.

[Stu from NYC]

Originally Posted by tophcfa

There in lies a major problem. Both the country and the consumer are overburdened with unsustainable levels of debt, resulting in interest rates driving the market.

Very true

[CoachKandSportsguy]

Originally Posted by Pballer

The market is already coming back off its lows in the hope of a Fed emergency rate cut. Any time the market declines, the Fed considers it to be an emergency.

pfft. . hardly the reason for the selling.

everyone focuses on the fed as a sugar daddy fix my expenses. . its just the market trying to push the fed around. . .

how about growth in Mag7 slowing?
how about the instability in the exponential market moves?
how about the Sahm rule is close enough to a recession that people are front running the official recession announcement?
How about profit taking in the wake of AI investments looking like they might not have a significant return after several earning releases and company statements?
how about short covering for the rise on a nearly 8% correction from the high?

how about these events like today are few and far between but not uncommon. .
market declines are always implied growth assumption readjustments after the data confirms the slowing/overvalued scenario?

pffft, the fed is just easy scapegoating. .

good luck

[Pugchief]

Originally Posted by justjim

Fed should have lowered interest rates at July meeting IMHO.

Based on what? The high unemployment? The out of control inflation?

If anything, they should be raising interest rates.

[Normal]

Originally Posted by Pugchief

Based on what? The high unemployment? The out of control inflation?

If anything, they should be raising interest rates.

We shall find out in September, but the stock market has held very little sway for Fed decisions in the past.

The Dow is down about 2.75% right now.

[MrFlorida]

Not in favor of rate cuts. CD rates have finally come up .

[Topspinmo]

IMO Billionaires control market by inside manipulation trading, They sell market drops, then they buy. To make more money they have to manipulate the market ever so often especially when federal government does something stupid. It’s just merry go around for them. If the peons loose no big deal to them, how they make millions. It’s been Ponzi scheme since beginning.

[Robnlaura]

Recession is coming.. weakness in leadership . High inflation massive interest. I read a woman’s post about her macys card 30% interest. Mortgage market in a mess. Listings soaring with little selling. Deflation? Never happen..

[Aces4]

Originally Posted by Topspinmo

IMO Billionaires control market by inside manipulation trading, They sell market drops, then they buy. To make more money they have to manipulate them market. It’s just merry go around for them. If the peons loose no big deal to them, how they make millions. It’s been Ponzi scheme since beginning.

Bingo! You and Coach hit the nail on the head, IMHO. There is major manipulation going on in the market to lower interest rates and push more money into the very overvalued pyramid scheme.

It is a mess out there. Interest rates are at normal levels and it should be hands off. Inflation is eating up the bottom line for so many middle/lower income people that financial assistance will be necessary for them also. I could build a case but somethings have to be left unsaid.

[Keefelane66]

Futures for today 8/6 indicate an upturn

[Boomer]

The morning after. . .

It’s 7:00 AM and futures are up.

I think the word ‘crash’ is thrown around far too easily by reporters with a limited vocabulary and/or limited market experience — and especially by those with a certain angle.

Last Friday was a hiccup but my boring old dividend favorite closed near its all-time high. Yesterday, lower but not by much. It will be OK. Meanwhile, the dividends will continue to Tide its investors over.

Knowing yourself and knowing what you own and why helps.

A lot of posters on this site have seen decades of the market and are acting accordingly.

Time will tell — said Boomer, stating the obvious.

Boomer