Saturday, 3 February 2018

The Fisa memo: Expect a sharp drop in the stock market and worse

BIAS ALERT!

I find Turner’s worldview abominable and wouldn’t cross the street to say hello.

For all that his assessment is more accurate than we would like to admit. I have thought for some time that America is headed for collapse and civil war.

It is the Establishment media that are lying at every turn.

Congressman Calling FBI & DOJ Actions "TREASON" - Stocks Plunge Over CIVIL WAR FEARS in USA



2 February, 2018

Republican Rep. Paul Gosar claimed the House intelligence memo on alleged FBI malfeasance released Friday shows "clear and convincing evidence of treason" by law enforcement officials, despite lingering concerns in the intelligence community over its credibility.

Republicans seized on the White House's decision to approve the public disclosure of the disputed document, compiled by staffers for House Intelligence Committee Chairman Devin Nunes, to speak out against the FBI and Justice Department's handling of the investigation into alleged Russian election interference and ties between the Trump campaign and the Kremlin. 
As Democrat shenanigans and criminal acts against our country are exposed to the light of day, the left-wing liberals scream "RUSSIA" to try to divert attention. To divert responsibility.  But responsibility is clear: The Democrat National Committee, the Hillary Clinton Campaign and their allies in the FBI and Justice Departments, weaponized our national intelligence systems with the intent to thwart the Will of the American People, subvert our election, and violate our laws, to achieve THEIR OWN political purposes! They failed. Now, they're caught.
Gosar, in a statement, blasted the FBI's alleged use of a surveillance warrant to ascertain information about former Trump campaign adviser Carter Page. The Arizona lawmaker cited the document in accusing former FBI Director James Comey, former FBI Deputy Director Andrew McCabe, former Deputy Attorney General Sally Yates and current Deputy Attorney General Rod Rosenstein of breaking the law.
"The full-throated adoption of this illegal misconduct and abuse of FISA by James Comey, Andrew McCabe, SallyYates and Rod Rosenstein is not just criminal but constitutes treason," Gosar wrote in a statement.
Gosar said he would urge Attorney General Jeff Sessions to seek "criminal prosecution against these traitors to our nation." Treason under the Constitution is punishable by death.
 

WORSE TO COME


As bad as today's FIA-Abuse memo is, The Hal Turner Radio Show has now confirmed there are WORSE exposures that are coming!  What is outlined in today's memo, where FBI Chiefs and DOJ Executives intentionally LIED-BY-OMISSION to Courts so as to get Warrants to tap political foes, is not the worst of it.

STOCK MARKET REACTS


The Stock Market closed down today, going -730 points (2.79%) for the day. 
Investors fear that the release of this memo will move the United States toward actual Civil War as the left-wing is now exposed having literally cheated the American People in an overt effort to STEAL the 2016 Presidential Election.
Investors began pulling-out of the market late this afternoon, sending the DOW Jones Industrial Avergae down within about two hours.
The Hal Turner Radio Show is told to expect a thousand point drop when the market re-opens on Monday, as other Investors see the writing on the wall over the weekend and pull-out.


Nothing to do with the day’s events? Nothing to worry about?


Yeah,right!

Dow plunges 666 points amid rate-hike fears after strong jobs report


https://www.usatoday.com/story/money/markets/2018/02/02/dow-suffers-brief-300-point-drop-amid-rate-hike-fears-after-strong-jobs-report/300350002/

The Dow tumbled 666 points Friday — its sixth-biggest point loss ever — and suffered its worst week in two years as investors turned skittish about spiking interest rates, dashing much of the optimism that had been powering stocks to record heights.

In a matter of days, the mood of investors has swung from euphoria to real concern that the stock market, which as recently as last week was hitting new highs, might be at the start of its first sizable decline in years. The market, which is down about 4% from its recent peak, hasn't suffered a 10% drop, or "correction," since February 2016.

While Friday's point drop, its worst since the financial crisis, might seem big and cause anxiety for investors who might have gotten too complacent, the Dow Jones industrial average's 2.5% slide Friday didn't even come close to a top-20 percentage drop for the popular stock gauge.

On Black Monday, for example, during the stock market crash of Oct. 19, 1987, the Dow dropped 22.6%, which back then amounted to 508 points.

But Wall Street pros note that Friday's plunge was not due to the economy showing signs of weakness, but instead came as growth is picking up, CEOs are confident and corporate profits are robust. It also follows a bullish period, with the Dow sprinting 25% higher last year and the broad market last week posting its best January in 20 years.

That favorable backdrop is why there is no "reason to change one's strategy based on the last few days," says Bill Hornbarger, chief investment officer at Moneta Group in Clayton, MO.

While the U.S. stock market suffered a paper loss of $1.25 trillion this week, it has still generated $7.4 trillion in wealth since Election Day 2016, according to Wilshire Associates.

Ironically, Friday's selloff was sparked by continued good news in the job market, with the government reporting that the economy created 200,000 jobs in January, and data showing wages for U.S. workers rose at their fastest pace since 2009 -- a pick-up in pay that spurred fears of a spike in inflation.

Good news for workers is viewed as not-so-good news for stocks, as it suggests the economy is in danger of overheating. That could pressure the Federal Reserve to hike short-term interest rates more aggressively than expected, says Russell Price, senior economist at Ameriprise Financial.

Some analysts fear the Fed may hike rates four times this year, more than the three they have already signaled.

"Temporarily, good news may be bad news for the stock market," Price says.

The big change in the market mentality is the fear that borrowing rates, which have been near record lows since the financial crisis and were a catalyst behind the current nine-year bull market for stocks, might be on the verge of moving dramatically higher.

"The major driver of the selloff is the awakening to the new interest rate environment," says Erik Davidson, chief investment officer at Wells Fargo Private Bank.

A big selloff in the U.S. government bond market Friday sent the yield on the 10-year Treasury up above 2.85%, its highest level since January 2014.

Higher rates mean bigger borrowing costs for consumers and businesses, which can slow economic growth.

Despite the steep Dow drop, now is not the time for investors to get spooked out of the market, says Kate Warne, chief market strategist at Edward Jones, a St. Louis-based financial services firm.

Investors must take the bad week in stride, as business conditions remain healthy and company earnings are expected to benefit this year from corporate tax cuts.

"It's not time to panic," Warne says, noting that the broad Standard & Poor's 500 stock index is down just 3.9% from its Jan. 26 record high.

Indeed, the market has experienced one of its longest periods of relative calm on record. Prior to the selloff, it had gone 448 days without suffering a drop of 3% or more, the longest run on record.

And it hasn't yet endured a 5% drop since June 2016 -- the second-longest streak without a so-called "pullback" in history.

"Pullbacks normally occur about three times a year," says Warne.

Stocks also seemed to be dragged down by political turmoil, after the Republicans released a controversial and now-declassified memo alleging that the FBI and Department of Justice abused their surveillance authority to target President Trump's 2016 presidential campaign.




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