Dow falls 400 points as Credit Suisse adds pressure to already troubled banking sector
Pressure on the financial sector grew with shares of Credit Suisse, a Swiss Bank with large U.S. operations, tumbling more than 25%.
dow jones
- Thread starter Jkloc420
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Wally
BrownCafe Innovator & King of Puns
Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse
Investors fear other banks will sell mortgage-backed securities, pushing down prices.
www.wsj.com
Wally
BrownCafe Innovator & King of Puns
JPMorgan Warns Stocks Are in ‘Calm Before the Storm’
(Bloomberg) -- A risk-on mood fueling this year’s equities rally is likely to falter, with headwinds from bank turbulence, an oil shock and slowing growth poised to send stocks back toward their 2022 lows, according to JPMorgan strategist Marko Kolanovic.Most Read from BloombergWarner Bros...
Wally
BrownCafe Innovator & King of Puns
What did they know?
www.wsj.com
Stocks Haven’t Looked This Unattractive Since 2007
The allure of shares dimmed when bond yields surged and the corporate-earnings picture continued to darken.
www.wsj.com
Up In Smoke
Well-Known Member
Too many people on one side of a boat causes it to capsize.What did they know?
Stocks Haven’t Looked This Unattractive Since 2007
The allure of shares dimmed when bond yields surged and the corporate-earnings picture continued to darken.
Wally
BrownCafe Innovator & King of Puns
Dow's at 33k.
Up In Smoke
Well-Known Member
1st quarter earnings reports start next week. Let's see what top and bottom line numbers say.
I want to see what UPS numbers are this month
Up In Smoke
Well-Known Member
March Jobs Report showed again a strong labor market, but trending downward. Inside the numbers we see a shorter work week and slower wage growth month over month. The participation rate is back to pre-pandemic levels, indicating that people are steadily moving into the work force. If the Fed reads this report as labor trending in the right direction and pauses rate hikes, the market will respond to the positive. Bring on earnings season.
Up In Smoke
Well-Known Member
Dow Jones finished in positive territory for the last 13 days. It's the first time 1987 that this has occurred.
Is that the same year that Black Monday happened?
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Up In Smoke
Well-Known Member
Yes, exactly.
Up In Smoke
Well-Known Member
The market and VIX up on the same day???
Do you honestly think this market can keep going up at the rate is going?
This is like late 2007 again
Up In Smoke
Well-Known Member
I posted last week that people should look at stop/loss or options going forward.
Or pay off their bills and put some money in the high yield savings account
Up In Smoke
Well-Known Member
It's a good time to take profit and re-balance your portfolio.
were probably due for a recession. 2020 was so quick and before that it was 2008. in a sense i will miss this economy because ive never seen so many job openings before.
The Fed meeting coming. Most expect another quarter point increase. The majority of analysts I've read and listened to say that there will be no recession but 2024 GDP growth will struggle to reach 1%,
