No Santa rally for the markets this year. DJIA down over 300pts...500pts. 15mo low

[Roland99]

Last edited Mon Dec 24, 2018, 01:21 PM - Edit history (1)

[Roland99]

1. Trump tweets that Fed 'is like a powerful golfer who can't score because he has no touch'

https://www.marketwatch.com/story/trump-tweets-that-fed-is-like-a-powerful-golfer-who-cant-score-because-he-has-no-touch-2018-12-24?dist=markets

The problem is NOT the Fed

The problem is the Con

[Roland99]

2. DJIA just broke below 22,000. Down nearly 500pts

[Johnny2X2X]

3. Mnuchin

Mnuchin showed the world that he and Trump have zero idea of what they are doing.

What an administration does in response to economic turmoil is what sets them apart. This one will do worse than nothing, they will surely make it all way worse.

Buckle up, it’s going to get rough.

[Maeve]

4. As of 12:21 EST

DJI 21,934.78 -510.59 -2.27%

[Roland99]

5. S&P 500 is on the verge of tumbling by the most it has ever fallen on Christmas Eve

https://www.marketwatch.com/story/the-sp-500-is-on-the-verge-of-tumbling-by-the-most-it-has-ever-fallen-on-christmas-eve-2018-12-24?dist=markets

Indeed, if the S&P 500 index SPX, -1.88% falls by at least 1% on Monday, it would mark the first Christmas Eve that the broad-market benchmark has booked a loss of 1% or greater — ever.


As it stands now, the S&P 500 was off by about 2% around midday, ahead of an early close, swept up in a selloff that also has the Dow Jones Industrial Average DJIA, -2.22% and the Nasdaq Composite Index COMP, -1.25% saddled with ugly losses on the day before Christmas.