#TrumpSlump getting worse, DOW down 400+.

[Johnny2X2X]

The looming Trump Shutdown is deepening the TrumpSlump.

The DOW is now down 7% since the day the Trump Tax cuts went into effect. Not sure why this isn't a story on the news every single day. I know if the market was up, his tax cuts would be getting all the credit. His tax cuts killed the Obama Bull Market.

[MineralMan]

1. Dropping below 23,000 today. If it closed under that number,

that will be the second floor it has fallen through this week. This week!

[Johnny2X2X]

2. This could get really ugly

The market was clearly already overpriced. A shutdown tonight and the bottom could drop out and we could see 20,000 in early January.

[MineralMan]

3. It could, indeed.

[TheRealNorth]

4. I am of the thinking that this is a correction

Because the stock prices became overinflated, especially with the stock buybacks from the tax cut. But I also remember reading somewhere that corporate debt was at an all-time high. So if there was a lot of borrowing to buy back stocks and pay dividends to the fat cats, that could be a problem when the banks try to collect on their debt.

[Johnny2X2X]

6. We're past correction territory

Flirting with Bear Market now.

The Tariffs were ill timed and a bad idea. The markets were overpriced and were reaching a tipping point. Trump's erratic leadership and poor strategy have hastened a sell off, and the chances we head to a recession in 2019 grow by the day.

Supply Side economics has failed once again.

[Dave Starsky]

13. "Poor strategy"?

"Strategy" implies that you have some understanding of the circumstances in pursuit of a goal, and you have made a plan to deal with those circumstances.

Trump doesn't know what the fuck he's doing. At all. There IS no strategy. He equates being President to being a king, He doesn't bother himself with all of that "leading a nation" bullshit, because he doesn't have to. The people that he trusts (Putin, mostly) will tell him what to say and do. The people telling him what to do are not friendly to us.

[Joe941]

5. This is hurting Americans. My retirement is at stake here.

[Johnny2X2X]

7. Me too

While I am not retiring for 20+ years so I will recover, it's still disheartening to see my balance shrink. My 401K has outperformed the markets this year, but only by a little. Hold tight.

80-20 equities vs bonds is always a good bet. Maybe 70-30 in a Bear Market.

[Joe941]

8. I'm 80/20... thinking of moving to 60/40. This is really bad :(

[Johnny2X2X]

9. No option to pull out and park my money in cash

WIsh I had the option that corporations have. Would be nice to park my money in cash right now and jump back in later.

[spinbaby]

12. Bonds are down, too

The mattress is looking better and better.

[Amishman]

10. The Federal reserve may do what Trump's scandals couldn't, alienate his base

Aggressive rate increases are popping the bubble, and it's not going to be pretty

[Zing Zing Zingbah]

11. Trump Slump, that's a good one n/t