The stock market reacting to the "great tax reform" - tanking

[question everything]

Yesterday at the opening it shot to more than 200, only to finish at a hum-hum 70.

Today, down 100.

But, hey, "business loves the tax cuts."

[rainin]

1. SUE TRUMP! The stock market went down!

I'm going to say that every time the stock market goes down.

[Yonnie3]

2. I am guessing you are talking about the Dow Jones Index.

It closed down 109, a whopping 0.45%. That's not tanking.

I question everything.

One could say where are the gains you promised?

[PoindexterOglethorpe]

3. Tanking? Tanking?

Less than one half of one percent is tanking?

Or are you using that word to mean: The stock market had a trivial point loss today.

[Yonnie3]

4. T'anking you very much for your investments, per'aps. n/t

[question everything]

6. S&P

The S&P 500 fell for a third straight session, a streak not seen since early August, trimming the index's rally this year to 17 percent.

And, how do you explain the fizzle from yesterday? When first opened the DOW rose more than 200 which was the major new on cable. But ended up with only 70 up.

[PoindexterOglethorpe]

8. It's explained by the fact that sometimes an index goes up.

Sometimes it goes down. Sometimes it does both in the same day. Focusing narrowly on just one or two days doesn't give you a good sense of what's going on. And an index being up 17% in one year is still remarkable. If I did the math right, the Dow is up 21% so far this year. Which is pretty good.

Here's a link to a chart showing Dow yearly gains and losses from 1975 through 2016. It's really interesting, and shows why staying invested in the market for the long run is a good strategy.

http://www.1stock1.com/1stock1_139.htm

You can also take a look at the worst single days in the history of the Dow. http://www.foxbusiness.com/markets/2011/08/04/top-20-largest-dow-jones-average-losses.html But keep in mind that the year that had the single worst day in the history of the Dow, the year still ended on a positive note.

[Hoyt]

5. Most of the tax "cuts," if we call them that," was factored in weeks/months ago.

[tirebiter]

7. Sounds like a correction

100 points one way or another on the Dow isn't so big these days

S+P does matter, imho.