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MineralMan

(146,284 posts) Fri Dec 7, 2018, 04:17 PM Dec 2018

Near the close, DOW is down over 600. Trump Slump Continues

The trend has been downward since a brief rise this morning. Another 2.5% drop is likely today.

10 replies

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Near the close, DOW is down over 600. Trump Slump Continues (Original Post) MineralMan Dec 2018 OP

I was wondering and was going to look. Thanks for the status. Not looking good. NT SWBTATTReg Dec 2018 #1

Appreciate Ali Velshi cilla4progress Dec 2018 #2

Really close to "correction" territory... Wounded Bear Dec 2018 #3

While I have zero money in the market, I know that a lot of people MineralMan Dec 2018 #5

I have nothing in the market, but what is ""correction territory?" sakabatou Dec 2018 #6

A correction is 10% off the high. OilemFirchen Dec 2018 #8

And if it needs a correction? sakabatou Dec 2018 #9

It probably does... Wounded Bear Dec 2018 #10

Dow falls 600 points after Trump advisers simultaneously contradict each other on trade ... GeorgeGist Dec 2018 #4

republican lies are dangerous Achilleaze Dec 2018 #7

SWBTATTReg

(22,100 posts)

1. I was wondering and was going to look. Thanks for the status. Not looking good. NT

Reply to MineralMan (Original post)

Fri Dec 7, 2018, 04:18 PM

Dec 2018

cilla4progress

(24,724 posts)

2. Appreciate Ali Velshi

Reply to MineralMan (Original post)

Fri Dec 7, 2018, 04:24 PM

Dec 2018

breaking it down.

Wounded Bear

(58,634 posts)

3. Really close to "correction" territory...

Reply to MineralMan (Original post)

Fri Dec 7, 2018, 04:25 PM

Dec 2018

MineralMan

(146,284 posts)

5. While I have zero money in the market, I know that a lot of people

Reply to Wounded Bear (Reply #3)

Fri Dec 7, 2018, 04:27 PM

Dec 2018

have 401k and other investments. It's painful to watch your balance go down on days like this.

Trump must be very proud of himself...

sakabatou

(42,146 posts)

6. I have nothing in the market, but what is ""correction territory?"

Reply to Wounded Bear (Reply #3)

Fri Dec 7, 2018, 04:33 PM

Dec 2018

OilemFirchen

(7,143 posts)

8. A correction is 10% off the high.

Reply to sakabatou (Reply #6)

Fri Dec 7, 2018, 05:16 PM

Dec 2018

The DOW's all-time high was 26,828.49, set on 10/3. A correction would be a close of 24145.64.

Today's close was at 24,388.95, or 1% from a correction.

sakabatou

(42,146 posts)

9. And if it needs a correction?

Reply to OilemFirchen (Reply #8)

Fri Dec 7, 2018, 09:27 PM

Dec 2018

Wounded Bear

(58,634 posts)

10. It probably does...

Reply to sakabatou (Reply #9)

Fri Dec 7, 2018, 10:16 PM

Dec 2018

the trick will be to let a correction happen without the whole bottom falling out. If the market develops some downward momentum, it could get ugly fast. After so many years of growth, albeit slow, a recession starts to look kind of inevitable.

GeorgeGist

(25,318 posts)

4. Dow falls 600 points after Trump advisers simultaneously contradict each other on trade ...

Reply to MineralMan (Original post)

Fri Dec 7, 2018, 04:26 PM

Dec 2018

https://www.cnn.com/2018/12/07/investing/stock-market-today-navarro-kudlow/index.html

Achilleaze

(15,543 posts)

7. republican lies are dangerous

Reply to GeorgeGist (Reply #4)

Fri Dec 7, 2018, 04:34 PM

Dec 2018

republican lies are dangerous
republican lies are dangerous
republican lies are dangerous

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