General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMineralMan
(146,281 posts)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?
malaise
(268,844 posts)24,447.21 −570.23 (2.28%)
PoindexterOglethorpe
(25,839 posts)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)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)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)Germany, London, Tokyo, Beijing are all down.
US economy is a big part of this, an STD Trumps policies and tariffs are hurting, but worldwide growth is starting to decline.
Achilleaze
(15,543 posts)republicans always screw over America's economy
Johnny2X2X
(19,001 posts)His tax cuts went into effect on January 2nd of this year, the market has lost 1 since.