Drudge Retort: The Other Side of the News
Tuesday, February 06, 2018

It's a bloodbath, with the Dow set to open 750 points lower "thanks" to the +377 fair value..... but it could have been much worse, with S&P futures actually trading toward the highs of the overnight session after tumbling an additional 3.5% from Monday's close, as risk assets around the world crashed then modestly rebounded even as traders remain on edge over what the implosion in the vol complex means for everyone.

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World stock markets nosedived for a fourth day running on Tuesday, having seen $4 trillion wiped off from what just eight days ago had been record high values.

"Playtime is officially over, kids," analysts at Rabobank said. "Rising volatility painfully reminds some investors that one-way bets don't exist."

"Since last autumn, investors had been betting on the ‘Goldilocks' economy - solid economic expansion, improving corporate earnings and stable inflation. But the tide seems to have changed," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.

Meanwhile, "The euphoria has turned to terror."

There was a modest bound in European bourses, which opened sharply lower in the wake of the largest ever point loss in Dow Jones Industrial Average history. London's FTSE 100 lost 3.5% at the opening bell, with every constituent falling and financial stocks hit hardest. The Europe-wide Stoxx 600 fell 2.2 %, while Frankfurt's Xetra Dax 30 fell 3.5%, before recouping some losses. As of this writing, core European cash equity markets trade around -1.5%/-2.0%.

Comments

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#1 | Posted by MrSilenceDogood at 2018-02-06 08:23 AM | Reply

Whoops,,,

Thanks, Obama:

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#2 | Posted by MrSilenceDogood at 2018-02-06 08:24 AM | Reply

Hannity.
Listening to him try and shift the blame is funny, in a sad and pathetic way.

"Remember when Trump said we'd all be so tired of winning? Apparently the Stock Market is exhausted!" - S. Colbert.

#3 | Posted by YAV at 2018-02-06 09:22 AM | Reply

Trump's fault, obviously. Maybe he needs to skip a day of golf and fix this.

#4 | Posted by Zed at 2018-02-06 10:24 AM | Reply

Market opened briefly up as people swooped in to bargain pick.

Down 90 now.

Thanks Obama.

#5 | Posted by 726 at 2018-02-06 11:41 AM | Reply

And now up 576. Sorry to ruin your bad news party.

#6 | Posted by Rightocenter at 2018-02-06 11:30 PM | Reply

Terror?

Snowflakes.....

#7 | Posted by AndreaMackris at 2018-02-06 11:49 PM | Reply

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