• MarketWatch
      • RE: Down goes the Dow 11/2/2016 7:52AM - in reply to Sally V
      • MarketWatch
      • U.S. stock futures were mostly a touch lower Wednesday as investors, increasingly unsettled by the prospect of a tightening presidential race,, moved away from perceived riskier investments such as stocks and gravitated toward the traditional havens of gold and the Japanese yen.

        Investors are also awaiting the outcome of the Federal Open Market Committee meeting, which concludes in the afternoon, though that event was taking a back seat to U.S. politics.

        Dow Jones Industrial Average futures slipped 16 points to 17,921, while S&P 500 futures fell 0.8 point to 2,103. Nasdaq-100 futures gained 0.25 point to 4,757.50.

        The softness for futures came after U.S. stocks finished at nearly four-month lows on Tuesday, falling after polls showed a tightening presidential race. In particular, an ABC News/Washington Post tracking poll showed Republican nominee Donald Trump taking a one-point lead over rival Hillary Clinton.

        "The post-Brexit vote market reaction is still fresh in investors' memory, and no one wants to be caught on the wrong side of the trade," Hussein Sayed, FXTM's chief market strategist, said in a note on Wednesday.

        "It will only take another one or two polls showing a Trump lead to boost markets anxiety and thus a steep sell off in equity markets and high beta currencies," he added.

        Global stocks tracked the weakness on Wall Street, keying off those political jitters. Most Asian markets suffered losses of more than 1%, with the exception of the Shanghai Composite Index, which finished 0.6% lower. European stock markets traded lower, led by banks

        The dollar was also under pressure, as investors sought refuge in the Japanese yen. The greenback strengthened against the Mexican peso , which tends to weaken on signs Trump's prospects are improving.

        In another sign that investors are jittery, gold prices were climbing. The metal was up $8.60, or 0.7%, to $1,296.50 an ounce, holding above a one-month closing high marked on Tuesday.
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 11/2/2016 12:23PM - in reply to Sally V
      • Ghost of Igloi
        registered
      • "Mark Hulbert, a columnist for MarketWatch, has repeatedly sought to find answers for the downturn but has come up empty handed. ... "

        Surprise!
    • mellon
    • Ghost of Igloi
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      • RE: Down goes the Dow 11/2/2016 1:00PM - in reply to Hulbert
      • Ghost of Igloi
        registered
      • Hulbert,

        Oh, my bad, I thought you were referring to the fact the DOW and S&P Index are at the same levels of 12/31/2014. Yes, Mr. Hulbert 2014, not 2015.

        Igy
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 11/2/2016 1:04PM - in reply to Ghost of Igloi
      • Ghost of Igloi
        registered
      • This Week 10/31/2016

        Far Beyond Double

        "Historically reliable valuation measures aren’t just 15% or 20% above their historical norms (which could at least be justified on the basis of low interest rates). They’re well beyond double those norms. Based on the behavior of a broad range of market internals, we are now observing a shift toward risk-aversion among investors, at a point where the most reliable valuation measures we identify have been driven to some of the most obscene levels in history."

        By John P. Hussman, Ph.D.
        President, Hussman Investment Trust
    • coach d
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    • Ghost of Igloi
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      • RE: Down goes the Dow 11/2/2016 2:05PM - in reply to coach d
      • Ghost of Igloi
        registered
      • coach d,

        No argument from me. At these valuations and market action I am not an interested buyer.

        Igy
    • Who's got short shorts?
      • RE: Down goes the Dow 11/2/2016 3:54PM - in reply to Ghost of Igloi
      • Who's got short shorts?
      • Ghost of Igloi wrote:
        coach d,

        No argument from me. At these valuations and market action I am not an interested buyer.

        Igy
        You're going to need to cover your shorts soon, I would think.