Dow Dropped 800 since last post.

in stocks •  7 years ago 

Was unable to get above that earlier posted resistance and has dropped 800 since in 2 days. Still toppish to me.

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stocks dow trading money charts
7 years ago by

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      ·  7 years ago 

    LOL, New York Fed's Bill Dudley on Bloomberg TV ...said that this drop is "small potatoes" ....

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      2 votes
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        ·  7 years ago 

      down 1100 since atm...

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        [-]
          ·  7 years ago 

        just saw that too.. Dow down over 400 points like nothing..

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          1 vote
          [-]
            ·  7 years ago 

          Gator i just got steemit approved.
          How can i be of help to you.

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            2 votes
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              ·  7 years ago (edited)

            clicking up vote and and commenting is always a plus. you can also make some money being active here. i just gave you an up-vote

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              [-]
                ·  7 years ago 

              this decline in stock, how will it affect US dollar?

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                [-]
                  ·  7 years ago (edited)

                Pay attention to 10Y , when yield moves up, it puts pressure on stocks...... people will take money out of stocks into bonds or cash,, which in a way to help the dollar..

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                  3 votes
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                    ·  7 years ago 

                  ok, thanks!

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                    [-]
                      ·  7 years ago 

                    It's the other way around, the dollar is affecting stocks, Bond rates are inching up. Making the dollar rise. Making leverage in the stock market more expensive. When the dollar rises due to higher interest rates. I makes assets cheaper as a general rule. Your house, stocks etc get cheaper.

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                      2 votes