Stocks extend losses, Dow sheds 200 points amid concerns over Trump's immigration policies

[question everything]

Source: CNBC

U.S. equities fell on Monday as a new measure taken by the Trump administration on immigration gave investors pause.

President Donald Trump signed an executive order late Friday that would temporarily bar entry into the U.S. to Iraqi, Syrian, Iranian, Sudanese, Libyan, Somali and Yemeni refugees. The order seeks "extreme vetting" procedures for those it did allow to enter the U.S. In signing the order, Trump said he pledged to "keep radical Islamic terrorists out of the United States of America."

The Dow Jones industrial average fell around 200 points, dropping below 20,000, with Boeing and Goldman Sachs contributing the most losses. The S&P 500 dropped 1 percent, with energy and financials leading decliners. the Nasdaq composite underperformed, falling 1.4 percent. The three major indexes were also on track for their worst day since Oct. 11.



Read more: http://www.cnbc.com/2017/01/30/us-markets.html

[ananda]

1. I'm sure we all had a feeling that ..

.. this ban and other orders would be bad for businesses
and CEO's that rely on foreign trade.

I think it's only a matter of time before they all turn on
Trump.

Popcorn out -- this oughta be great watching, a sight
that will be pretty ... ugly.

[workinclasszero]

14. Who would keep their cash in a volatile stock market?

Every day of Trumputin's reign of error will be an insane roller coaster ride! Wee.......!!!

[mahatmakanejeeves]

2. FAKE NEWS!!!11!!!1 A loss of 200 points is a gain. SAD!!!1!!!!

When will opposition party (lyin' media) tell truth?????

[bigdarryl]

3. There goes your 401K

[wishstar]

4. US companies will suffer from boycotts and all kinds of repercussions

On Friday the Trump WH indicated they were just getting starting on the first phase of their immigrant banning

[Bernardo de La Paz]

7. Already. Mexicans have been organizing for days a boycott of US goods. . . nt

[Botany]

5. 3 things are going to happen

1) The market is gonna crush.

2) Our economy will tank. A trade war w/Mexico is insane.

3) we are going to be in a war(s)

[Ace Rothstein]

6. Don't worry. Trump just signed his executive order rolling back regulations.

Wall Street will love that.

[OKIsItJustMe]

8. The markets appear to be leveling off for now...

http://finance.yahoo.com/world-indices

[IronLionZion]

9. Be defensive in your investments/savings

which is also what I advised my parents to do with their retirement funds and what I've done with my own. Stick with conservative allocation funds with words like "income", "value", or intermediate term bonds. Avoid "growth" at this time. Make sure you have enough cash on hand to weather a storm if things go south really quick.

Our country is run by lunatics who don't know what they are doing so it will be a lot of volatility the next few years. There will be blowback as our trading partners retaliate to impulsive shortsighted actions on trade, immigration, and other policies like repealing the ACA. Political unrest is connected to economic issues.

Most liberal and moderate analysts expect low or negative growth during Trump's reign. Many conservatives and libertarians too. Only extreme RW conservatives believe things are looking up.

[NNadir]

10. Wait until Apartheid type sanctions hit the US, as they surely will, since the rest of the world...

...will not, and should not, tolerate the mindless, uneducated, racist thug living in the White House.

[OKIsItJustMe]

11. Wall Streets fear index jumps the most in about 5 months as Trump spooks market

http://www.marketwatch.com/story/wall-streets-fear-index-jumps-the-most-in-3-months-as-trump-spooks-market-2017-01-30

[brooklynite]

12. For those who've claimed that business loves Trump; keep in mind that they also love stability.

It'll be hard to make long-term business decisions in this environment.

[3_Limes]

13. Don't we mean Bannon's policies?

He's really running the show. Trump just does the 'on camera' part.

[Fast Walker 52]

15. so much winning! I'm tired of so much winning!