Dow Closes Down 1,175 in Biggest Single-Day Point Loss EVER...
For the record, I called this one. Trillions of Trump Bubble $$$ Gone In Daze...
Dow closes down 1,175 in biggest single-day point loss ever
Stocks fell sharply in volatile trading Monday, extending a steep sell-off from the previous session.
The Dow closed 1,175 points lower after briefly declining more than 1,500 points, posting its biggest single-day point loss ever. The 30-stock index also broke below 25,000 and erased its 2018 gains.
"Breaking the early lows of the day means the correction could go on for longer," said Art Cashin, UBS director of floor operations at the New York Stock Exchange.
The S&P 500 pulled back 4.1 percent. The broad index had traded positive earlier on Monday as the tech sector briefly rose. The S&P 500 also traded down more than 5 percent from an all-time high set last month and broke below its 50-day moving average, a key technical level.
"As soon as we broke the 50-day moving average . . . we saw volatility spike," said Jeff Kilburg, CEO of KKM Financial. "It's just been downhill from there."
Pop Goes The Bubble...
but, but, but Trump the WEASAL
says it's UnAmerican and Treasonous Democrats , Obamas', an Crooked Hillary's FAULT!
That has been the gop's meme for years. It has gotten olde olde olde. Guess What? Our Deficite is projected to be up 84% this next year, the first year of Trump's and the gop's dream budget. So, our budget deficit for 2018 is going to exceed a trillion dollars like it got to under Bush. What a crying shame. Our economy is being driven off a cliff but rest assured the rich and powerful are getting out with profits while working folks will be left holding the bag as in decimated retirement accounts. It really out to be a crime what the gop is up to, again...
It IS
and the criminally insane voted for this clown
;
Trump says it's UnAmerican and Treasonous that Americans don't stand up and applaud for him enough.....
Trump says he's NOT braggadocio us, and in the next sentence brags how no one was kneeling at the Superbowl ( Did he see the Touchbacks by chance)
AM I own candid fucken blogger cam or something...
cause anybody that can support this mental frkn midget at this point, quite possibly, IS also
that Americans don't stand up and applaud
I'm sure you know that you are referring to CONGRESS PEOPLE, right? You know, those who took an oath to support this country - to protect and support the U. S. Constitution?
But, then again, these are DEMORATIC CONGRESS PEOPLE, and we all know that following their oath or even doing their job hasn't graced their thought processes in years.
Yep those rascally Republicans did it, with help from the Russians. Hacked all those Wall Street trading program computers.
Might drop again when trading starts tomorrow, then start to rise slowly for a net gain....fundamentals are good. Liberals have no idea what fundamentals mean.
Is there a clause somewhere you MUST applaud the FCKN Treasonous(to be proven) POTUS
Is there an Oath to applaud a Russian Putin in place POTUS...?
So did Obama call out all the Republicans for not applauding him...PLEASE
"So did Obama call out all the Republicans for not applauding him..."
No. And he never accused them of being "treasonous" because they didn't. What goes around comes around. The Republicans in Congress are the ones who are now finding out just how juvenile and asinine they acted when they were the ones refusing to applaud or stand at any of Obama's speeches.
Karma truly is a Bi*ch.
I know,
but her name wasn't Karma, but it works for me.
They like to dish it out hard and heavy, but, when the shoe is on the other foot and pinches they scream bloody murder like a bunch of spoiled two year olds pitching a tantrum. It would be laughable if it wasn't so pathetic.
The worse currently tweets from the Oval Office.
BY FARR
No other even comes close.
that's because that foot is usually pinching their own tongue
They may be congress critters but that doesn't mean they can't exercise their freedom of speech.
It's not treasonous and un-American to publicly show the president you don't like him. As a Marine, you know this. You fought for this. Don't disappoint me now
These hypocrite scumbags were overjoyed when that racist shithead, Joe Wilson, shouted "liar" at Obama in his first speech to Congress.
And nobody called them treasonous, either, did they?
Something tells me Trump and Co are going into a slump. We just thought his approval rating was low...
Whoa! I know it's probably foolish, but I just jumped out of the C fund and back into the G fund until this "correction" is over!
Nothing you've ever contributed, could ever be construed as such...imho
only problem in that is the transfer is not instantaneous, it takes up to 3 days for the TSP office to make the transfer. Unless you think this is going to continue for a week or two it may have been better to stay in S and C.
In terms of points, it looks scary as hell. But in term of percentages, todays drop is hardly unprecedented........it didn’t even make the top 20.
Nevertheless, watching closely.
See-sawing today. The market hates uncertainty and it's behaving uncertainly. More downside seems likely before this is over.
I agree, don’t think it’s bottomed out just yet. But, I don’t think the bottom is a scary place in the foreseeable future.
The last 11 months of the DJIA climbing? ALL trump... The least bit of a stumble? All someone else's fault... LOL
I'm really surprised there hasn't been "it's Obama's fault" on this site or did I miss it?
https://thenewstalkers.com/community/discussion/37922/Context%20Matters. The Stock Market Drop Is Less Scary Than It Seems."> Context Matters. The Stock Market Drop Is Less Scary Than It Seems.
If measured by news headlines, you might assume these are dire times in the financial markets.
It's NOT !
But neither you nor anyone else know that for sure but, still, good marks for wishful thinking.
Isn't the entire premise of the Stock Market ?
It's ALWAYS a gamble, and those in it are making out like bandits.
Sorry you couldn't get in it....but.....not MY problem.
I'm not as dumb as you try and try to think I am.
Next time I tell you to sell, sell...
Apparently, you've never heard that adage about living in a glass house while throwing stones.
I had a glass house once. It was not a good situation IYKWIM. Now I live in an undisclosed location...
As of 10:57 A.M., the Dow is down 2.58 points.
Ouch !
This is a healthy, long overdue pause in an uptrend.
Looks like it was Obama the bumblers stock market yesterday
and
Trump the great
and
all knowing ones' again today... and oh yea Obama owns last Fridays 666 pt loss as well, because he's obviously an illegal immigrant Devil, who should never been POTUS,
and,,,and,,,he runs over and kills NFL players when he's not sniffin Putin panties !
NOTE:(I didn't make the poor NFL players death Political, but I will point out the Loser in Chief for doing such)