Stocks down 6.7% off 2018 High
S E E D E D C O N T E N T
The Dow Jones Industrial Average is 25027 as of 11:30 central, which means the stock market average is down 6.7% since it's high of 26828 on Oct 3, 2018.
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Stocks sold off after the arrest of a Chinese telecommunications company executive muddled prospects of a U.S.-China trade resolution.
The S&P 500 ( ^GSPC ) fell 1.46%, or 39.3 points, as of 12:49 p.m. ET. The Dow ( ^DJI ) slid 1.72%, or 430.81 points, after losing as many as 784.85 points earlier in the session. The Nasdaq ( ^IXIC ) fell 0.54%, or 38.6 points.
U.S. equities received some respite on Wednesday with stock and bond markets closed to mark the funeral of former President George H.W. Bush. But Thursday saw stocks return to the steep selling that rattled markets on Tuesday, which had sent the Dow tumbling by nearly 800 points.
https://finance.yahoo.com/news/stocks-slide-fresh-selloff-144330108.html
Don't hear the president* talking about the stock market much anymore.
They laughed when he said the market would crash if the Dems won in November.
Dems don't take over until January, false narrative.
The market is forward looking.
Yeah I don't think so. Come up with a better excuse.....or better yet read the entire article for an explanation.
Has Trump's 'magic' worn off?
True they know the party's over the free ride is coming to an end and end reality is coming back rules and regulations may soon have some meaning again.
Checks and balance will slow down the economy but protect the masses , the people with wealth and power dont really like that.
O well.
I'd say the republicans already got their major goal accomplished.. Large tax breaks.
Just like with a prostitute once ya have what ya want, they soon start to lose their appeal
And their ugly side is more apparent.
Some still love em till the end though.
Really, Thanks
The bigger your tax break the more likely your politician will listen to what you want as well.
Just be sure to include your requests along with the check.
That seems to be the way the system works the rich pick who the poor get to vote for.
Time and time again.
It's about the tariffs
Then you don't know what you're talking about. The market is all about looking forward. Investment is a distribution of money in expectation of a future return.
Yep and when the world is unpredictable so is the market. Investors want stability. At This time our leader thrives on unpredictability. We have a mismatch. I'd say the days of just hoping and believing trump was the magic wand of our financial rocketship to the moon may be having a second look at the reality of our future.
Coming away from major world gatherings with written agreements is one ting but when we now have a president that says whatever he wants whether the facts back it up or not and expecting that to be fuel for the rocketship, well, I think those days are numbered.
Solid fuel is better.
Investors want and need stability. Other wise, It's just gambling.
Yeah, tax breaks mostly for the 1 percent.
That all they needed.
That and a small temporary bone to the masses so we didn't retaliate.
Unfortunately, I have been bitching about this for many months, lonnng before the elections. This belongs to the Republicans and the conservatives.
...I always got the "you're a liberal your just hoping that it fails"
Guess what kids....
This coming year is not going to be good whatsoever.
Retail is going to collapse, the market is going to pull back, unemployment is going to jump and a chain reaction that can't be stopped until the damage is done.
Corporate bankruptcy is already higher than anytime in Obama's term. The "Big Deals" that Trump put together and very expensively I might add, are imploding.
Offshoring is higher than any president, and government contractors have increased offshoring 300% higher from the time Trump took office.
This little China deal was a lie. And I'm betting the conversation was one sided and Trump wasn't the one saying how this is going to go.
All the bravado lying is going to fall all around his feet.
His legal problems as well as his kids' are going to do him in.
This is why I think we'll see a resignation in disgrace. (With pardons all around including the NYS issue for him and the kids) And a resuming of actual governance from both parties later.
Again, please read the article, it explains why it dipped...nothing to do with the democrats. It's all on Trump
This from the article:
The arrest throws a wrench in hopes of a speedy trade deal between the U.S. and China.
...............
I submit that most of the time there is more than one cause for many effects.I believe this arrest along with other factors like after the G20 talks and trump fluffing it up while china downplayed it Combined with the democrats taking back the house all added to the drop.
Investors know the dems regaining some power will have an effect.
As I stated earlier investors need stability, right now much of that is in question. trump's attitude doesn't help. But trump restrained is also troubling for the people who would financially gain big time from his policies if enacted. The investors.
So in short I'm of the opinion its more than one thing that caused this drop.
............
I also dont look for this to be the end of the up swing. There is still much optimism in the pipeline.
Not in defense of.but there's no evidence of that post election.
First 500 drop was well before and these drops are reactionary to Trump and his policies. Tariffs for example and his combative stance with our allies.
I think the biggest long term problem being created is we're going to get shut out while he continues his bellicose behavior. Trade will bypass us as it's doing now with China purchasing from anyone but us. The Pacific Trade agreement was foolish arrogance to drop out...the void is already filled. Everyone else that signed the Iran agreement are working on a workaround to trade and they won't care because soon we will be irrelevent.
We're going to be what Russia looked like 10 years ago.
Not in defense of.but there's no evidence of that post election.
I agree that there is no specific evidence of my speculation, I still believe its a small factor.
Trump's free regne is about to have the breaks applied I'd say that matters to some investors.
Those who get to pay the most taxes are THE BIGGEST WINNERS...
And the Chinese have stopped buying our farm products. They're turning their own rice fields into soybean fields
Can you blame them?
Just waiting for trump to, (after taking credit for the market for the last 18 months), blame Obama for the market drops.
Fox already tried that when it dropped 500 last time....didn't work.
This economic crash is All Republican.
Get ready because the shit is going to hit the fan...badly Trump and the Republicans are going to cut n' run.
Ryan already has.
Yeah, Ryan's not stupid. He saw this coming and he's trying to get out before he's eternally associated with this debacle so he can run for the big seat.
He can try and distance himself but some of us have memories like elephants. We aren't gonna ever forget
No, but two years from now some kid that had not a fucking clue because he was not paying attention won't even know.
Dow Jones Closes DOWN 527 pts.
WIPES OUT ALL OF 2018 GAINS
MAGA
And, now some folks are saying that we will be in a recession in early 2020. MAGA
See 5.2
I'll put it this way, the last president to run for re-election during a recession was Jimmy Carter.
And that makes you happy? Are you out dancing in the streets? Please!
Not at all, it just proves hypocrisy and that many on the right will spin to never, EVER accept responsibility for ANYTHING.
Good = Republicans did it
Bad = Blame someone else.
In this case, like I said above... Trump yelled and screamed a MONTH after he took office that all the market gains were because of HIM, no one else. But now, 2 years down the road? It's the democrats fault? REALLY???!!!! LMFAO!!!!!
The GOP, (AKA "The Party Of Personal Responsibility"), never takes the blame for anything. No? The economy collapsed 7 YEARS into GWB's term, 6 of those years with a republican congress...who's fault was it? Clinton...of course. LOL
You mean like someone blamed ATM's, the Greeks, insurance companies, the earthquake and tsunami in Japan, low level government employees, Republicans, George W Bush and others for his screw-up from 2008-2016.
Don't sit there and tell me that only one group does things like that and the other is pure as the drive engine snow . That is bs and you know it
But, but we're winning the trade war...../s
Tariffs Are Taxes. Plus, tariffs cause inflation. Oops! There goes that our break...