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Dow right now. −506.09 (Original Post) malaise Nov 2018 OP
And the Trump Slump Continues. MineralMan Nov 2018 #1
Could be much sooner than we thought malaise Nov 2018 #6
Possibly. It's down 2%. Don't be bamboozled by the raw numbers. PoindexterOglethorpe Nov 2018 #2
Hmmm empedocles Nov 2018 #8
Jeez. Hello, CDs and U.S. Savings Bonds! JaneQPublic Nov 2018 #3
Markets down worldwide SCantiGOP Nov 2018 #4
#TrumpSlump (R) sucks Achilleaze Nov 2018 #5
"the reason our stock market is so successful is because of me" Donald Trump Johnny2X2X Nov 2018 #7

MineralMan

(146,281 posts)
1. And the Trump Slump Continues.
Tue Nov 20, 2018, 11:04 AM
Nov 2018

Where's the floor for this slump. Will we see the Dow below 24,000 soon? Could be. Gravity seems to be at work, pulling value down in the market right now. Could it be a lack of "Gravitas" on Trump's part?

PoindexterOglethorpe

(25,839 posts)
2. Possibly. It's down 2%. Don't be bamboozled by the raw numbers.
Tue Nov 20, 2018, 11:05 AM
Nov 2018

And at that, it's still significantly higher than it was on January 20, 2017.

The market is long overdue for a correction, if not an actual down turn.

People here have been gleefully posting about every small drop, without seeming to notice that the overall trend has been steadily up since shortly after Obama took office. And while I personally would love it if there were never a downturn at all, I know that inevitably there will be one. So my long-term financial plans are still safe.

empedocles

(15,751 posts)
8. Hmmm
Tue Nov 20, 2018, 11:18 AM
Nov 2018

You're right, don't be bamboozled by raw numbers. A 200 DJ drop is not that much. However, 2% drops are notable, 3% drops in Nasdaq and tech sectors are more notable, especially sincethe declines date back to September. And, markets arguably reflect market emotions to some degree. That is important, mass emotions support bubbles, busts, 'political turnover', etc.

Btw, I am hedged and t-billed.

JaneQPublic

(7,113 posts)
3. Jeez. Hello, CDs and U.S. Savings Bonds!
Tue Nov 20, 2018, 11:05 AM
Nov 2018

Ali Velshi just noted that any investments you made this year have disappeared.
Plus, we're heading for a correction.
We are 10 years in this expansion, so we're due for a recession.
Add to that, the Trump trade war is screwing up the economy.

So, yeah, goodbye stocks.

SCantiGOP

(13,867 posts)
4. Markets down worldwide
Tue Nov 20, 2018, 11:08 AM
Nov 2018

Germany, London, Tokyo, Beijing are all down.
US economy is a big part of this, an STD Trump’s policies and tariffs are hurting, but worldwide growth is starting to decline.

Johnny2X2X

(19,001 posts)
7. "the reason our stock market is so successful is because of me" Donald Trump
Tue Nov 20, 2018, 11:14 AM
Nov 2018

His tax cuts went into effect on January 2nd of this year, the market has lost 1 since.

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