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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLooks like a decade-long rally on Wall Street is ending
NEW YORK After almost 10 years, Wall Streets rally looks like its ending.
Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Barring huge gains during the upcoming holiday period, this will be the worst December for stocks since 1931.
There hasnt been one major shock that has sent stocks plunging. Investors fear a recession is coming and are finding more and more reasons to worry. The U.S. has been locked in a trade dispute with China for nine months. Economies in Europe and China are slowing. And rising interest rates in the U.S. could slow its economy, too.
Stocks are now headed for their single worst month since October 2008, when the market was being battered by the global financial crisis.
https://www.heraldnet.com/business/looks-like-a-decade-long-rally-on-wall-street-is-ending/?utm_source=DAILY+HERALD&utm_campaign=90d375483b-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_d81d073bb4-90d375483b-228635337
That's what happens when you put the Republicans in charge.
workinclasszero
(28,270 posts)You would think voters would have caught on by now but...her emails.
doc03
(35,325 posts)put Trump in office. I was talking to one yesterday that said his 401k lost half its value when
Obama got in office. So get this he moved his money to Edward Jones and made out good the last 8 years. This guy
is under the impression Obama wrecked his 401k but seems to think Edward Jones is in some different stock market
I guess. These Trump people are as dumb as a fence post.
spanone
(135,823 posts)Obama saved America from the disastrous bu$h years, now trump is destroying Obama's economy.
fiscally responsible? bullshit
contrary to the article there is one 'major shock' that has hit the economy...don trump.
he gives wall street nothing but fear and uncertainty to base the future on
FloridaBlues
(4,007 posts)Yo_Mama_Been_Loggin
(107,919 posts)I fear I'm going to lose even more.
FloridaBlues
(4,007 posts)I plan on talking to advisor this month and make changes. Wishing the best for you .
XRubicon
(2,212 posts)Who would be that stupid?
You would have to be the dumbest asshole on the planet.