DOW in over 500 point drop (worst in 2 years): Heads for 1050 point drop for week

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• IF you read this article recently this is the 2nd big drop in the DOW
• Global stocks tumble anew amid bond yield presssures

In one article I read the drop should be between 3% and 5% total. However, we might exceed a 5% drop today which could precipitate a panic among buyers who might  be borrowing money to invest at this point or among those overextended.

Some of the factors in this present drop.

1. Panic over Trump trying to fire Mueller and Rosenstein by releasing this bogus memo not even approved by the House Intelligence committee as being real or factual
2. Yellin who is head of the Fed is leaving and being replaced.

3. Interest rates are rising which makes it more expensive to borrow money for countries and for businesses and for private people around the world.

So, everyone has to scramble to reinvest to take money out of the market so they have enough cash on hand for whatever happens now.

So, it is possible now that Trump's release of this memo has created a worldwide panic and a larger than normal drop (even though 5% was expected at most).

So, Trump likely has screwed up the world market for now by releasing this memo.

However, since the memo is a joke likely by next week I believe the market likely will start to gain ground again.

(Unless Trump does something even worse to screw up the markets worldwide.)

So basically by releasing this memo on top of all the other bad news for investors TRump has cost the Dow over 1050 points at the very least (so far). So, if he does anymore over the weekend expect it to drop another 500 to 1000 points then too. So, the main reason Republican investors have approved of Trump will then be gone because by then they likely will have had it with his BS.

So, it is likely that Trump has cost millions of dollars of value of his Billionaire donors portfolios just this week alone by his foolishness.

 

Dow suffers 500-point drop amid rate-hike fears

USA TODAY · 4 hours ago

Dow plunges 600 points -- worst week in 2 years

CNNMoney · 7 hours ago

Dow industrial heads for roughly 1050-point weekly drop--biggest weekly setback in 2 years

MarketWatch · 6 mins ago

More for dow in over 500 point drop today

begin quote from:

Dow industrial heads for roughly 1050-point weekly drop--biggest ...

https://www.marketwatch.com › Markets

6 mins ago - The Dow Jones Industrial Average on Friday was on track to shed more than 1,050 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -2.28% was down 630 points, or about 2.4%, early Friday as Treasury ...

Dow suffers 500-point drop amid rate-hike fears - USA Today

https://www.usatoday.com/story/money/.../02/.../dow...point-drop.../300350002/

4 hours ago - The Dow fell more than 600 points Friday -- its biggest one-day plunge since June 2016 -- extending the market turbulence that had flared up earlier this week over fears of higher interest rates. Stocks took another leg down around noon after Republicans released a controversial and now-declassified ...

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Dow industrial heads for roughly 1050-point weekly drop--biggest weekly setback in 2 years

Published: Feb 2, 2018 3:07 p.m. ET

By

MarkDeCambre

The Dow Jones Industrial Average on Friday was on track to shed more than 1,050 points for the week, which would be its steepest weekly slide since January 2016, when it shed 1,079 points, according to FactSet data. The Dow DJIA, -2.30% was down 630 points, or about 2.4%, early Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline, 4%, would also be the worst for the blue-chip gauge since the 6.2% weekly decline also in early January of 2016. Rising yields can undercut appetite for assets perceived as risky, including stocks. The S&P 500 index SPX, -1.93% meanwhile, was down 2%, at 2,767, while the Nasdaq Composite Index COMP, -1.69% is giving up 1.7% at 7,265.