DOW fell 602 points today

[Demovictory9]

https://www.google.com/search?q=dow&rlz=1C1CHBD_enUS785US785&oq=dow&aqs=chrome..69i57j69i59j69i60l2j69i61l2.573j0j8&sourceid=chrome&ie=UTF-8

[Iowa420]

1. So..

It's still up for the month.. These wild swings can and will happen when the DOW is at a huge number like 25000. Now if the DOW was at 7000 and it lost 600 then we'd have a problem. It goes up 600 it goes down 600. Nothing to worry about yet..

[Coventina]

3. Um, for those of us forced into 401ks, and are close to retirement, it is a big deal.

During October, I lost all of my gains for the year, plus thousands more.

So excuse me if I'm not so sanguine.

[IADEMO2004]

5. Same boat here.

[onenote]

7. How did you lose all of your gains for the year?

The Dow closed out 2017 at 24,719 and ended October 2018 at 25,115.76. So just looking at the Dow, rather than individual stocks, you should have been up at the end of October.

And despite the 600 point drop today, the market is actually a bit ahead of where it was on the last day of October.

Whenever the market drops more than a couple of hundred points, there are folks in DU predicting that it is the beginning of a crash. Of course, there were folks on DU who were advising people to get out of the market on inauguration day, which would have been a rather costly move to have made as it turns out.

[kurtcagle]

9. Range bound

The market at this point is range bound (DJIA 25,200 +/- 7%), and has been since it peaked January 20 of this year. My own theory was that the major increase in 2018 was a continuation of Obama's trend and business euphoria that the GOP had won. After January this year, the stock market has actually been remarkably flat, primarily because we're seeing the effects of the Trump/GOP policy approach finally manifesting in the market. I normally give the outgoing president credit for the first year afterwards in the market, but the incoming president owns the economy after about a year.

China's slowing and European growth has been lackluster. Back in early 2016, I'd pegged the US economy would be starting into a recession about now, due just to a number of demographic and geopolitical factors. I don't think this one will be as bad as 2008 - equity-based recessions are generally milder and more focused on specific sector than bond/mortgage based recessions are - but wouldn't be surprised to see us at thirty percent down (17K-18K on DJIA) by 2020. Bonds have been trending towards an inverted curve for a while, and I think the bond market is more likely to be an accurate indicator of recessions than the stock market.

[uppityperson]

2. Due to "The prospect of Presidential Harassment by the Dems" of course.

Failing policies and behavior of Don the Con has nothing to do with it, with?

[Cyrano]

4. Up market due to Trump. Down market due to evil people.

[uppityperson]

6. Yup.

[Turbineguy]

8. Well.... actually....

Trump tweated about oil prices being to high now in response to the announced production cut.

The market dropped immediately.

That turd is in trump's pocket.

[Achilleaze]

11. #TrumpSlump (R) or #TrumpTurd (R)

No matter what you call it, it's a republican mess.

[cilla4progress]

10. Weird that it's open o

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