Dow Jones now NEGATIVE YTD and falling!

[Roland99]

Dow 24,543.26 -474.18 -1.90%
S&P 500 2,650.79 -39.94 -1.48%
Nasdaq 6,916.21 -112.26 -1.60%
GlobalDow 2,871.14 -42.23 -1.45%
Gold 1,221.80 -3.50 -0.29%
Oil 53.97 -3.23 -5.65%


Bitcoin still crashing, too.


So! Much! #WINNING !!


Dow tumbles nearly 600 points and all main stock-market gauges wipe out 2018 gains as tech shares get rocked
https://www.marketwatch.com/story/dow-futures-tumble-nearly-300-points-nasdaq-poised-to-fall-by-triple-digits-2018-11-20

What’s driving the market?

U.S. investors continue to be plagued by doubts surrounding slowing global growth, U.S.-China trade relations, and the steady rise in interest rates that can be expected to continue into next year. These doubts have accumulated to induce fears that we are growing nearer to the end of the current economic expansion, strategists say.

The previously highflying technology sector has the most to lose from this change in sentiment. Tech stocks extended a decline that led the market lower Monday, with reports from China adding fuel to the day’s selling after officials in Beijing uncovered widespread evidence of anticompetitive behavior by Korean rivals. According to The Wall Street Journal, Beijing investigators implicated Samsung Electronics 005930, -1.95% SK Hynix 000660, -3.30% and Micron Technology MU, -1.44%

Market participants believe that China’s investigation may intensify festering issues around trade relations between China and other major counterparts, including the U.S.

Meanwhile, Target Corp. TGT, -8.82% shares plunged toward a 6-month low in premarket Tuesday, after the discount retailer reported fiscal third-quarter earnings and same-store sales that missed expectations. The retailer’s loss also has the potential to drag down shares of its competitors.

Bitcoin, Other Cryptocurrencies, Continue Plunge
https://www.thestreet.com/investing/bitcoin-continues-plunge-14787500

[leftyladyfrommo]

1. I wonder whose fault this is going to be? nt

[Roland99]

2. Surely it's the "threat of Dem investigations" or some inane shit. BUT, gas prices will be dropping

Oil is down 5.5% right now. Down to $54/bbl!

Lowest in a year.

[MichMan]

3. Are you happy to see peoples retirement savings plummet?

You must have been ecstatic in 2009.

That is seriously fucked up

[Roland99]

4. that's a very odd and pessimistic view of my post.

but if anyone is near retirement and still has a sizable portion of their nest egg in stocks, then they're either poorly-advised or poorly-educated and taking on too much risk

[Awsi Dooger]

8. Flat wrong

Those people know what they are doing. If they took that advice they would have missed all of the great run ups during 2017.

Short term trends mean next to nothing. Risk defeats scared. Anyone who has been indexing this market has done great. I don't know anybody right now who is looking at 2018 singular without incorporating 2017 into the equation. Big deal if the first part accounted for all the profit and 2018 has been a roller coaster.

[Roland99]

10. No, not flat out wrong. ANYONE with the bulk of their retirement in stocks is risking losing a lot.

If they are in or very near to retirement

Anyone further out from retirement is better able to handle risk and recover from a down year.

[MrGrieves]

5. I missed the part where OP was cheering.

[Awsi Dooger]

6. Clearly cheerlng

Maybe you missed this from the OP, "So! Much! #WINNING !!"

Meanwhile, the glee toward stock market decline is in poor taste right now. Those posters deserve to be called out on it. There are no elections on the horizon, not ones that will be impacted by Trump approval rating or stock market decline.

Anyone cheering for the market to drop at this point is indeed cheering for people to lose money, including people here. The situational impact is gone. It is incredible that is not understood, and the practice set aside.

[RhodeIslandOne]

9. Not cheering, just I told you so

The incompetent in the White House, elected for the lulz, is now coming to pass.

[ooky]

11. I don't know about "cheering" but

people that have large portions of their retirement savings in the stock market are gambling. They are not guaranteed that the stock market is going to rise forever. If people lose money, it is their choice, and they have only themselves to blame, they have an alternative to get out and be satisfied with their gains. People who are at or near retirement need to strongly consider what the effect of a crash would be on their retirement plans, and if they are not comfortable with the answer, pull out what they can't risk to lose.

[JHB]

17. I took that as fairly obvious sarcasm n/t

[LanternWaste]

7. Are you still pretending people write something other than they do?

You must have been ecstatic when the First Lady plagiarized Michelle Obama's body of work.

"seriously fucked up..." indeed.

[Johnny2X2X]

13. Who is ecstatic?

No one is happy the markets are tanking, but they're pointing out how Trump's failed policies are hurting the markets.

The S&P, NASDAQ, and DOW are all negative since the day the Trump tax cuts went into effect. The same tax cuts Trump himself touted as the savior of the market. Trump took credit for the markets this year and cited his tax cuts as the reason for them rising, now they are negative and he'll blame someone else.

His tax cuts didn't work for the markets, Obama;s tax rates were better for the market.

[workinclasszero]

12. Trump slump

Trump's disastrous economic policies will come back to haunt us with a vengeance.

[Johnny2X2X]

14. The Trump Slump

It's deja vu all over again.

Conservative Economic policies crash the economy. They know one thing, tax cuts, then they wonder why they didn't work this time either.

[workinclasszero]

15. Yep.

The MFing GOP 1% make out like thieves and the 99% is gonna pay in blood for it.

Same as it ever was...

[Johnny2X2X]

16. Trump tax cuts went into effect 1/1/2018

I don't remember Trump, nor a single Con talking head talking about how this would mean an end to the Bull Market. But the market is down since that day.

I do remember Trump and every Con talking head this side of Timbuktu talking about how the markets would explode with this new influx of cash. Go back and look at the new years predictions 11 months ago from Conservative publications and FOX News. "Buy buy buy!!!"

[Yavin4]

20. Trump covered that song

[workinclasszero]

22. That was awesome!

[ck4829]

21. Indeed

[Yo_Mama_Been_Loggin]

18. Winning baby!

So much winning!

[Roland99]

19. About 1000pt drop this week

Dow 24,465.64 -551.80 -2.21%
S&P 500 2,641.89 -48.84 -1.82%
Nasdaq 6,908.82 -119.65 -1.70%
GlobalDow 2,863.02 -50.35 -1.73%
Gold 1,222.40 -2.90 -0.24%
Oil 53.16 -4.04 -7.06%


and oil has really been taking it on the chin. Think airlines will back off their raised surcharges for fuel cost increases??? ah ha ha ha. yeah, right.