ANOTHER 700 POINT DOW DROP: Part 2

We know

Oopsie.

800 points. Down 3%.

The S&P 500 is up 28% since Trump was elected, about 2 years.

All those gains have been erased dear, and the market has never seen such violent fluctuations. Trump is a disaster, and the headache from his disastrous policies is going to be long and terrible.

Fun Fact: Donald Trump now owns 10 of the Dow’s top 20 worst single-day declines in stock market history...

#1 2/5/18 -1175

#2 2/8/18 -1032

#3 10/10/18 -832

#4 12/4/18 -799

#7 /22/18 -724

#11 2/2/18 -665

#15 10/24/18 -608

#16 11/12/18 -602

#18 4/6/18 -572

#20 11/20/18 -551

R5, I just calculated that number. Am I wrong? I’m not pro-Trump, I just think it’s really important to keep personal finances separate from politics. I never would have thought the market would rally after Trump was elected, but it did. I think the market should be evaluated on a percentage basis, not by amount of change.

I do expect it to drop soon though, because:

Trump’s tariffs are counterproductive.

The Mueller investigation will lead to instability. I believe Trump will attempt to “burn it all down” rather than accept his fate. The market hates uncertainty.

The bull run is due to end. Some stocks are over priced.

Trump is ignorant, and generally erratic, anyway.

Dow futures down 409 today. Futures have been extremely volatile, which is not a good omen.

Continued

Another 600 point drop. We’re in catastrophic territory.

Not a word from Trump.

I'm praying for a Bear market to be a mark on his presidency

I expected this two years ago. Instead, the market rallied. The Russell 3000 seems to still be up 20% in the 2 years since the election. That’s still ok, I think. It’s getting close to “loser” territory. One would expect, maybe, a 14% rise, on average, over two years.

No Bueno.

Fidelity’s mutual funds make their distributions tomorrow, if that makes a difference to anyone.

I sold a small amount. I figured I’d prefer to take long term capital gains, rather than a mix of LT, & ST Cap Gains; and Qualified and non-Qualified Dividends. Plus, I wanted to claim the gains this year. My income is so low, the LT Cap Gains are taxed at 0%.

Did they recover? Looks like the indexes recovered.

Why do we need two threads?

Go away R16. Nobody cares about your hall monitoring.

Another 600 point drop. Very bad ending to the week.

300 points down. Yay, Mondays.

Is it déclassé to say indexes instead of indices?

Another wild and down day.

U.S. stocks sought higher ground. Then Trump detoured ‘to crazy town.’

I usually look at the Dow a few times a day but with the idiot's shitshow with Chuck 'n Nancy in the Oval Office today I forgot all about it.

Crashing and burning. Down 500. Let’s end this week in 23,000. Come on, I know you can do it.

It's not down today.

Uh yes, 500 points down, almost broke into 23k. Did you have a stroke R25?

R25 = Donald Trump.

Another lovely way to start the week in the market. The bleeding continues. Monday... negative 507 points. WTF!

We're economic geniuses!

Another 500 points breaking well into 23,000.

BUT TRUMP!! But nothing. When will the tears stop??

I am presiding over the greatest stock market run in history.

Merry Christmas! MAGA!

MAPA...

Worst performance month-to-date in December since 1931 for both the S&P and the Dow.

It's Hillary's fault!!!

Make no mistake, that sad little 82 point climb yesterday was no recovery.

Great. I hope another financial crash will come. Those unemployed hot young guys have to do porn or escort

Down 351 more points. This isn’t just a “correction.”

And it was down more than 500 at one point today. We really are heading towards another recession. Yes, we here will suffer, but as long as the deplorables suffer too it will be worth it.

Eldergay here. Liquidated all of my stocks/mutual funds in November. Too damn old to be playing Russian Roulette.

Get professional help, R38. You're mentally ill.

Just a reminder that the original part 2 thread is more active.

Fuck this shit! The feds play games... well, interest rates will raise, then they change their minds...the market freaks out. Or...trump tweets about the trade war with China... another freak out... but then, anytime trumps tweets anything, it drastically affects the market. Like R39 said, I'm in my retirement... and am too old for this shit. I have 34% in stocks in my portfolio... will drop it down to 25% or 20%... and put it to cash. Of course, my financial adviser will advise against it... just stay in it and ride it out. I lost too much money and am afraid to look at my portfolio. I can't stand this!

R42, stop freaking yourself out. 34% is really low for a stock allocation. You will be pulling from bonds in 2019 and that will help to balance your portfolio (stock to bond ratio.). The market over the historical long haul goes up. Having a correction and possibly a recession is a normal part of the business cycle. It's really hard to time the market, just ignore it and stay the course.

I'm retired as well. We will be OK.

I'll try, R43... but I'm not a good investor, and don't have the stomach for it. I'll try... thanks.

IS A RECESSION COMING? CFOS PREDICT 2019 RECESSION, MAJORITY EXPECT PRE-2020 MARKET CRASH

Yay!

The dot com crash was awful for me because it seemed to drag forever. Starting in the Spring of 2000, accelerating after 9-11, reaching a bottom in Spring 2003. Ugh. That makes almost 4 years before it felt like a recovery.

Then the crash of 2008-2009 was much faster, though much deeper. Somehow the speed made it easier to bear, but I recall thinking and being afraid that I might lose it all. As it was, I lost 66%, before I recovered fully.

I have sold slowly starting in January and am not about 20% stocks, 80% cash. I may sell more after the first of the year. I’m only delaying further for tax reasons.

The dot com crash was brutal to me because I was heavily invested in tech stocks. I chocked it up to the price of tuition, an education in learning how not to invest. I have only purchased mutual funds since then.

About to break 22,000 now. How low can we go?

Well under 22,000 and collapsing like a bad soufflé.

Ready for another pre Christmas routing, bitches?

Yep, another 400 points down.

Ugh, not good

Worst average daily moves since 1987 crash.

And another 650 point drop. But don’t panic, this isn’t a crash or anything. Just look over there at that shiny thing!

MERRY CHRISTMAS

For what it's worth, I work at a medium to large hedge fund, and people aren't panicking per say yet. We lost a lot of money in December and November but still are positive for the year. But we are probably going to be very conservative in our positions next year. People have been ordered to pull out of any big, risky positions

r55 you can be in a recession, and not suffer a crash. I suspect that's why r56 is being told (as are many others) to shed anything above a certain risk algorithm.

We’re not in a recession R57.

Dow notches record point surge in dramatic rebound Dow industrials surge more than 1,000 points, up around 5% for the index's best one-day percentage gain since 2009

r59 Yeah, so that quarterly and annual reports won't look so bad. Count on another big drop during the first few days of 2019.

8:00 am: Dow futures pointed to a drop of more than 350 points at the open Thursday. The S&P 500 and the Nasdaq were both set to fall 1.5%.

One good day because of strong Xmas sales. But everyone knows it’s the last gasp for the markets

Make no mistake, that little rally yesterday will be followed by an epic collapse today.

Yep already 350 down.

Already noted on the oter thread about a half hour ago, r64.

Thank you for that very informative post, r65.

It's as informative as a post that is 30 minutes too late, r66.

I for one have learned a lot from the last 4 posts

[quote]Facebook is down 38 percent from its peak. Netflix is down 40 percent. Apple slipped 33 percent, and Amazon 28 percent.

[quote]Is this a blip or a correction? Many tech investors aren't sure.

When Obama was president, Trump tweeted that if the market was down 1000 pts in a few days, the president should be impeached immediately

[quote]Facebook is down 38 percent from its peak. Netflix is down 40 percent. Apple slipped 33 percent, and Amazon 28 percent.

Very good .

Um, okay on that red tag.

NO, WRONG, FAKE NEWS! PRES. DUMP IS BRINGING MORE ECONOMIC PROSPERITY THAN THIS PLANET HAS EVER SEEN! NANCY PELOSI IS WRITING ALL THE FAKE, NEGATIVE POSTS! WE ARE ALL GETTING A 10% RAISE, JUST AS SOON AS WE BUILD THE WALL! SO MUCH MONEY WILL COME POURING INTO OUR COUNTRY ONCE THE WALL IS BUILT THAT EVERYONE WILL GET A 10% RAISE! MURICA! MAGA! SMOCKING! I AM SMART AND STABLE!

HAPPY NEW YEAR as the Dow drops 350 points. Ready for some more “correction,” bitches?

We’ll really see big losses when Mueller announces inditements of more major Trump admin members. Especially if it includes Trump . Then again when the final report (or interim report?) is ready.

Ok.. Another new day on Wall Street. A brand new year.. ready for another wild ride? Hold on!

I updated the numbers for my investments yesterday. December was fucking brutal. Everything got hit: large cap, mid cap, small cap, growth, infrastructure, international, even a lot of the bond funds. I think I had a total of two mutual funds that remained in the black in December. Everything else was red. The one saving grace for me this year was the company I work for, the stock price of which increased 75% in 2018 even with that downturn in December. All by itself, it allowed me to end the year on a positive note.

That said, the company's stock is pretty volatile and I'm well aware of the dangers of over-reliance on a single investment. I sold a bunch mid-year for a down payment on a retirement home an hour out of the city and sold a bunch more in late November. For the moment, I'm keeping the proceeds from that later sale in cash until I see how things pan out this year.

Sounds like a good plan r77!

350 point drop this morning on terrible Apple news.

Spinning all alone...

Now 700 points down.

Apple, ford and many companies sales have evaporated in chine for one reason only - Donald Trump.

It is long past time for the press to pin this on the culprit - a pointless trade war started by a very stupid man (although not as stupid as the dog meat that voted for him.)

Anyone else getting tired of all this winning?

Trump economic adviser says "a heck of a lot" of U.S. companies are going to see reductions in their earnings because of Trump's hard line on China -- but he suggests that's a good thing, since "that puts a lot of pressure on China to make a deal."

^^Pity about your pensions and 401ks, though.

Trump called it all just a "glitch."

Now 350 points down. We're climbing back up.

Almost at 700 down. Again.

[quote] R84: Trump economic adviser says "a heck of a lot" of U.S. companies are going to see reductions in their earnings because of Trump's hard line on China -- but he suggests that's a good thing, since "that puts a lot of pressure on China to make a deal."

Ridiculous. There is no pressure on China. The Chinese leadership is not elected by the public. There is little that intimidates them. They have plenty of cash, so they can keep China functioning. Its political leaders can withstand a protracted downturn for far longer than political leaders in the US. The only thing that would move them are mass starvation and mass street protests, but neither will happen quickly.

There’s the old story, I can’t remember who was present, but anyway, a Chinese leader was talking with a US President about Taiwan. The Chinese leader rhetorically asked the President how many American lives he would be willing to lose on a war over Taiwan? Then he quickly added, “because we are willing to lose 2 or 3 million”. (In contrast, the US has lost a total of 666,411 deaths in ALL its wars, including the Civil War with only US combatants.) So, the comment horrified the President and made it clear that war over Taiwan would be foolish and unwinable for the US, and that the China leadership “think differently “ about its people than Western leaders think of theirs.

Trump also claimed that there was money pouring into the Treasury because of the tariffs. What he failed to say, and likely doesn't understand, is that the money came from us, the U.S. people paying more, rather than from those foreign countries.

We were so close to hitting -666 on the Dow! ;D

Stupid trade war eventually leads to this. It's a boomerang that hits China and comes back to hit Trump in the face.

R90, and even more: Trump seems to think his first responsibility as President is to make a financial profit via tariffs or other means. As well as to get good ratings, I suppose.

It’s chump change that he’s fussing about. It’s insignificant. I doubt the Treasury even notices. Besides, the Treasury isn’t supposed to make a profit.