DOW down over 500 points to day so far

[AzogtheDefiler]

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

It's now down 2.21% YTD.


So much for Trump's 'Greatest economy in history'.

Trump says GOP will win thanks to 'greatest economy in the history of our country' | Daily Mail Online


What a maroon.

Funny it started nosediving post the "blue wave"....

 

[McRocket]

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

It's now down 2.21% YTD.


So much for Trump's 'Greatest economy in history'.

Trump says GOP will win thanks to 'greatest economy in the history of our country' | Daily Mail Online


What a maroon.

Funny it started nosediving post the "blue wave"....

Funny...it nosedived in January and February and October and November and December.

And try reading the reasons it is nosediving - trade, the Fed raising rates, world-wide uncertainty.

Nothing whatsoever about some 'blue wave'...except maybe at Breitbart.


Here is a headline right now:

'Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far'

Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far


And here is the latest headlines from Fox Business:

Dow, S&P 500, Nasdaq in the red for 2018

'U.S. stocks dropped on Monday, deepening annual losses, ahead of the final Federal Reserve policy meeting of the year and amid continued worries about the impact a trade war with China may have on the U.S. economy. At the lows of the afternoon the Dow Jones Industrial Average was down over 400 points.'

Dow, S&P 500, Nasdaq in the red for 2018

See any mention of a 'blue wave'?

Stick to whatever the heck it is you know about - because equities clearly ain't it.


Have a nice day.

 

[Cellblock2429]

394 now

/——/ Stocks sank Monday as investors grew worried that the Federal Reserve's plan to raise interest rates could be too much for the economy and stock market to handle. - MSNBC

 

[Marion Morrison]

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

It's now down 2.21% YTD.


So much for Trump's 'Greatest economy in history'.

Trump says GOP will win thanks to 'greatest economy in the history of our country' | Daily Mail Online


What a maroon.

Funny it started nosediving post the "blue wave"....

Funny...it nosedived in January and February and October and November and December.

And try reading the reasons it is nosediving - trade, the Fed raising rates, world-wide uncertainty.

Nothing whatsoever about some 'blue wave'...except maybe at Breitbart.


Here is a headline right now:

'Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far'

Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far


And here is the latest headlines from Fox Business:

Dow, S&P 500, Nasdaq in the red for 2018

'U.S. stocks dropped on Monday, deepening annual losses, ahead of the final Federal Reserve policy meeting of the year and amid continued worries about the impact a trade war with China may have on the U.S. economy. At the lows of the afternoon the Dow Jones Industrial Average was down over 400 points.'

Dow, S&P 500, Nasdaq in the red for 2018

See any mention of a 'blue wave'?

Stick to whatever the heck it is you know about - because equities clearly ain't it.


Have a nice day.

LOL! I will.

 

[McRocket]

DOW closes down 507 points.

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

5 Day -3.40%
1 Month -7.16%
3 Months -9.47%
YTD -4.56%
1 Year -4.29%

 

[AzogtheDefiler]

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

It's now down 2.21% YTD.


So much for Trump's 'Greatest economy in history'.

Trump says GOP will win thanks to 'greatest economy in the history of our country' | Daily Mail Online


What a maroon.

Funny it started nosediving post the "blue wave"....

Funny...it nosedived in January and February and October and November and December.

And try reading the reasons it is nosediving - trade, the Fed raising rates, world-wide uncertainty.

Nothing whatsoever about some 'blue wave'...except maybe at Breitbart.


Here is a headline right now:

'Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far'

Dow drops 500 points, falling deeper into correction territory, on fears the Fed is going too far


And here is the latest headlines from Fox Business:

Dow, S&P 500, Nasdaq in the red for 2018

'U.S. stocks dropped on Monday, deepening annual losses, ahead of the final Federal Reserve policy meeting of the year and amid continued worries about the impact a trade war with China may have on the U.S. economy. At the lows of the afternoon the Dow Jones Industrial Average was down over 400 points.'

Dow, S&P 500, Nasdaq in the red for 2018

See any mention of a 'blue wave'?

Stick to whatever the heck it is you know about - because equities clearly ain't it.


Have a nice day.

The POTUS does not control the Fed. Would you also agree that stock and bond prices have an inverse relationship? The trade uncertainty is real as is the stalemate that will his DC in January. You do realize that "experts" have no idea what is impacting the market. If they did they would be playing in it and becoming uber wealthy.

 

[AzogtheDefiler]

DOW closes down 507 points.

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

5 Day-3.88%
1 Month-7.63%
3 Months-9.93%
YTD-5.03%
1 Year-4.77%

Do you find it interesting that the Fed never raised rates under BHO. Not once. So people had to invest in equities. Now there are other alternatives. PRIME is 200 basis points (2%) higher now than under Obama. That is significant. Especially when you owe $20Trn in debt.

 

[McRocket]

DOW closes down 507 points.

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

5 Day-3.88%
1 Month-7.63%
3 Months-9.93%
YTD-5.03%
1 Year-4.77%

Do you find it interesting that the Fed never raised rates under BHO. Not once. So people had to invest in equities. Now there are other alternatives. PRIME is 200 basis points (2%) higher now than under Obama. That is significant. Especially when you owe $20Trn in debt.

Actually, the Fed did raise rates under Obama...twice.

United States Prime Rate History

The reason they are going up now is - I assume - because they are worried about the economy and they want to have some bullets left in their gun when the next recession happens.
You cannot keep rates WAY down forever...or all the debt will eventually destroy the economy.

The above chart shows that money is changing hands at the lowest rates since the late 1950's...WAY lower.
That means no one is spending their money - they are just using cheap debt to do things with. That is bad.

Remember, rates started to plummet under GWB. And the current Fed Chair and Vice Chair were BOTH appointed by Trump.

So him whining what the Fed is doing is strange since he put the people who 'run it' where they are.

For the record, I thought GWB, Obama and Trump all have done TERRIBLE jobs with the economy.
But at least Trump has put in place Fed people who are doing what needs to be done...raise rates back up to historical norms.

 

[JLW]

The Dow is headed for its worst December since the Great Depression. Trumponomics will sink this country. Everything Trump touches, Trump destroys,



The stock market is on pace for its worst December since the Great Depression

 

[McRocket]

The Dow is headed for its worst December since the Great Depression. Trumponomics will sink this country. Everything Trump touches, Trump destroys,



The stock market is on pace for its worst December since the Great Depression

Personally, I don't think the Fed will allow the markets to fall too far.

I assume they will do what they have always done over the last 10 years or so...do whatever it takes to inflate stock prices (lower rates, more QE, etc.).

I hope they don't do this because I think it is bad for America's future (regardless of who is in power)...but I fear they will.

 

[EvilCat Breath]

The attacks on the economy by Democrat socialists are having an effect. They have created uncertainty.

Democrat socialists should never be forgiven for what they have done and are doing.

 

[Mikeoxenormous]

394 now

/——/ Stocks sank Monday as investors grew worried that the Federal Reserve's plan to raise interest rates could be too much for the economy and stock market to handle. - MSNBC

Isnt that what I said when the free money that Janet Yellow printed has to be collected? That was 4.5 trillion dollars of debt that didnt go towards Obama. Otherwise he would of had 14 trillion dollars of debt over his 8 years. Must be nice to be a Democrap, who has no one to watch his/her/its dirty dealings..

 

[AzogtheDefiler]

DOW closes down 507 points.

.DJI: Dow Jones Industrial Average - Stock Quote and News - CNBC

5 Day-3.88%
1 Month-7.63%
3 Months-9.93%
YTD-5.03%
1 Year-4.77%

Do you find it interesting that the Fed never raised rates under BHO. Not once. So people had to invest in equities. Now there are other alternatives. PRIME is 200 basis points (2%) higher now than under Obama. That is significant. Especially when you owe $20Trn in debt.

Actually, the Fed did raise rates under Obama...twice.

United States Prime Rate History

The reason they are going up now is - I assume - because they are worried about the economy and they want to have some bullets left in their gun when the next recession happens.
You cannot keep rates WAY down forever...or all the debt will eventually destroy the economy.

The above chart shows that money is changing hands at the lowest rates since the late 1950's...WAY lower.
That means no one is spending their money - they are just using cheap debt to do things with. That is bad.

Remember, rates started to plummet under GWB. And the current Fed Chair and Vice Chair were BOTH appointed by Trump.

So him whining what the Fed is doing is strange since he put the people who 'run it' where they are.

For the record, I thought GWB, Obama and Trump all have done TERRIBLE jobs with the economy.
But at least Trump has put in place Fed people who are doing what needs to be done...raise rates back up to historical norms.

They went up under Trump. Don’t recall under BHO. They went up to stop inflation but perhaps the Fed was too hasty. Key is compensation and to kill fraud and unions. I should not have to negotiate with five different unions to put on a show at MSG for example. System is broken.

 

[ABikerSailor]

Here's an interesting little fact............................

Dow close on 17 December 2017 was 24,719.
Dow close on 17 December 2018 was 23,512.

Anyone tired of all this "winning" yet?

 

[Mikeoxenormous]

Here's an interesting little fact............................

Dow close on 17 December 2017 was 24,719.
Dow close on 17 December 2018 was 23,512.

Anyone tired of all this "winning" yet?

Back in Dec 2017 the people were confident that the Republican president was going to make great things happen.
In Dec 2018, the people are confident that Nancy "Blinkie" Pelosi will cause the market crash like she did in 2007.

Are you tired of whining yet?

 

[Cellblock2429]

The Dow is headed for its worst December since the Great Depression. Trumponomics will sink this country. Everything Trump touches, Trump destroys,



The stock market is on pace for its worst December since the Great Depression

/——/ It’s Obam’s stock market - remember???

 

[ABikerSailor]

The Dow is headed for its worst December since the Great Depression. Trumponomics will sink this country. Everything Trump touches, Trump destroys,



The stock market is on pace for its worst December since the Great Depression

/——/ It’s Obam’s stock market - remember???

No. It became Trump's economy back in Feb when he passed his tax plan. It further became Trump's economy when he imposed the tariffs.

 

[ABikerSailor]

Kinda sad when the stock market for the past year has lost something like 1,207 points when you compare today to back in 2017.

 

[NotfooledbyW]

Marion Morrison, post: 21386762

Must be be that lack of confidence in the upcoming Democrat congressional majority.

To be perfectly fucking honest, that's exactly what it is, asshat shill fuck

So if the stock market rebounds next year you will be the first to say confidence in the Democrat majority in the House, not your dipshit bumbling idiot Trumpo will deserve the credit for good economic news in 2019?

Is that correct?

 

[McRocket]

The stock market is on pace for its worst December since the Great Depression

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 are down 7.8 percent and 7.6 percent this month, respectively.

The stock market is on pace for its worst December since the Great Depression


There is still roughly half the month to go though.

So things could improve...or get even worse.