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Washington DC and The Holy Land>Stock market on pace for worst December since Great Depression
Lex Luthor 03:25 PM 12-18-2018
Originally Posted by :
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 closed Monday down 7.6 percent and 7.8 percent this month, respectively.

December is typically a very positive month for markets. The Dow has only fallen during 25 Decembers going back to 1931.

The S&P 500 averages a 1.6 percent gain for December, making it typically the best month for the market, according to the Stock Trader’s Almanac.

While the S&P 500 began dissemination in 1950, the performance data was backtested through 1928. It’s worth noting that historically, the second half of December tends to see gains.
https://www.cnbc.com/2018/12/17/wors...r&par=sharebar



"The worst December since the Great Depression". "Market down over 1,000 points since the GOP tax plan was passed".

Wow.
:-) Are the Trump supporters getting tired of all this winning yet?

To be fair, you can't really blame the plunging Dow on the tax cut. Although it can be argued that adding $2 Trillion to the debt can't be good for the stock market, most analysts agree that it's more likely that Trump's idiotic trade war is the cause.

The recent performance of the Dow does show us two things:
  1. Trump is an idiot. Trade wars are NOT good, and they are NOT easy to win.
  2. The tax cut is not the magic cure-all that the GOP believes it to be. All it did was add $2 Trillion to the debt.

I'm just glad I pulled my 401-K funds OUT of the stock market when I did. I'm not putting them back in until after Trump leaves office. Of course, the way things are looking, that will probably be Q2 of 2019.
[Reply]
petegz28 07:01 PM 12-21-2018
Originally Posted by Loneiguana:
How often does a rate increase or a rate of 2.5 factor heavily into the market?
A lot if the market thinks it's too much, too fast and not justified. This last rate hike was highly seen as unnecessary though expected and accepted. The commentary from Powell following the rate hike is what has the market spooked.
[Reply]
Loneiguana 06:27 AM 12-22-2018
Originally Posted by petegz28:
A lot if the market thinks it's too much, too fast and not justified. This last rate hike was highly seen as unnecessary though expected and accepted. The commentary from Powell following the rate hike is what has the market spooked.
Yes I know, conservatives want to play the victim and blame something other than Trump's policies, but you dodnt answer the question.

2.5 is only too much in derp trumper land.

Feel free to show your homework.
[Reply]
Reerun_KC 09:27 AM 12-22-2018
Keep buying!!!!!
[Reply]
petegz28 09:29 AM 12-22-2018
Originally Posted by Loneiguana:
Yes I know, conservatives want to play the victim and blame something other than Trump's policies, but you dodnt answer the question.

2.5 is only too much in derp trumper land.

Feel free to show your homework.
Clueless post is clueless. You have no idea WTF you are talking about.
[Reply]
petegz28 09:34 AM 12-22-2018
From the Democrat, Jim Cramer....he must have suddenly become a Trumper...

Originally Posted by :
The Fed Is Wrong: Cramer's 'Mad Money' Recap
Cramer said bluntly, "Fed chair Jerome Powell had his chance and he blew it," with yesterday's interest rate hike. He said the Federal Reserve's policy is simply wrong, and had they looked at all of the data, they would have seen our economy beginning to slow in the first week of October. The evidence that the Fed should pause and adopt a wait-and-see approach is "painfully obvious," Cramer continued, and the only good news is that the Fed will eventually realize the error of its ways.
https://www.thestreet.com/jim-cramer...0-18--14818436
[Reply]
suzzer99 01:59 PM 12-24-2018

New: Dow falls 653 points. The market had recovered late morning, but then plunged even lower after President Trump tweeted: “The only problem our economy has is the Fed.” Investors are concerned Trump may fire Federal Reserve Chairman Jerome Powell.

— Jim Sciutto (@jimsciutto) December 24, 2018



This shit is getting really old.
[Reply]
Bowser 02:00 PM 12-24-2018
Trump HAS said he wants to do away with the Fed...
[Reply]
DaKCMan AP 02:08 PM 12-24-2018
Can we please put a stop to all this 'winning'?
[Reply]
GloryDayz 02:21 PM 12-24-2018
Originally Posted by DaKCMan AP:
Can we please put a stop to all this 'winning'?
.



Sent from my 9+ using Tapatalk
[Reply]
Lex Luthor 04:14 PM 12-24-2018
Originally Posted by DaKCMan AP:
Can we please put a stop to all this 'winning'?
Remember, when stocks go up, it's proof of Trump's genius, but when they go down, it's someone else's fault. Probably a conspiracy by the deep state's allies, the deep private sector.
[Reply]
Lex Luthor 09:53 PM 12-24-2018
Who would've thought that a man who's run into the ground every business he's ever been associated with would run into the ground the first nation he's ever governed? So much winning!

Originally Posted by :
Dow Jones drops more than 600 points for worst Christmas Eve in history

The Dow Jones Industrial Average had its worst recorded Christmas Eve day of trading Monday, dropping more than 640 points, while the S&P 500 dropped more than 50 points and entered a bear market, a 20 percent fall from its peak in August.

The dismal day of trading followed the Dow's worst week since the financial crisis in 2008. The continued market decline followed tweets from President Trump attacking the Federal Reserve.

"The only problem our economy has is the Fed," Trump said, comparing the central bank to a golfer with no short game.

Reports that Trump was considering firing Fed chief Jerome Powell exacerbated an already dour mood on Wall Street, where traders are concerned about a mounting trade war with China, slowing economic growth in the U.S. and abroad, the partial government shutdown and heightened geopolitical risk.

Markets are on track to have their worst December since 1931, at the height of the Great Depression. They are in the red for the entirety of 2018.

According to CNBC, the second worst Dow performance on Christmas Eve was more than 30 years ago, in 1985, when it fell just over 0.6 percent. Monday's close drop amounted to 2.9 percent.

Markets closed at 1 p.m. on Monday for the Christmas holiday and will remain closed Tuesday.

The dismal Monday trading follows an attempt by Treasury Secretary Steven Mnuchin to reassure bankers about the market's stability.

Mnuchin said Sunday that he spoke with the heads of six major banks — Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo — but the unusual message may have backfired, with analysts noting that the group Mnuchin was calling together was the same as the "Plunge Protection Team" that met at the height of the 2009 financial crisis.
https://thehill.com/policy/finance/4...rs-bear-market
[Reply]
GloryDayz 10:04 PM 12-24-2018
Originally Posted by Lex Luthor:
Who would've thought that a man who's run into the ground every business he's ever been associated with would run into the ground the first nation he's ever governed? So much winning!


https://thehill.com/policy/finance/4...rs-bear-market
Thanks Fed and Obama.
[Reply]
suzzer99 10:13 PM 12-24-2018
You have to be a special kind of special to somehow think all this market-wrecking chaos is Obama's fault.
[Reply]
HonestChieffan 10:15 PM 12-24-2018
Originally Posted by suzzer99:
You have to be a special kind of special to somehow think all this market-wrecking chaos is Anyones fault.

FYP
[Reply]
LiveSteam 10:19 PM 12-24-2018
Originally Posted by suzzer99:
You have to be a special kind of special to somehow think all this market-wrecking chaos is Obama's fault.
:-)
[Reply]
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