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Yo_Mama_Been_Loggin

(107,919 posts)
Sat Dec 22, 2018, 03:20 PM Dec 2018

Looks like a decade-long rally on Wall Street is ending

NEW YORK — After almost 10 years, Wall Street’s rally looks like it’s 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 hasn’t 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.

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doc03

(35,325 posts)
2. The Trumpsters actually think there was no 8 year bull market before Russia
Sat Dec 22, 2018, 03:32 PM
Dec 2018

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)
3. republicans do it every time they take charge. Clinton left bu$h a surplus.
Sat Dec 22, 2018, 03:36 PM
Dec 2018

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)
7. My lost was large as well and this time going down
Sat Dec 22, 2018, 07:35 PM
Dec 2018

I plan on talking to advisor this month and make changes. Wishing the best for you .

XRubicon

(2,212 posts)
6. Good thing there is no one taking credit for the market as a measure of their job performance
Sat Dec 22, 2018, 03:59 PM
Dec 2018

Who would be that stupid?

You would have to be the dumbest asshole on the planet.

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