General Discussion

Vidal

(642 posts) Fri May 31, 2019, 07:18 PM May 2019

Since 1-1-2018 stock market (DJIA) has lost 1,335 points

On January 1, 2018 the Dow Jones Industrial Average was at 26,150. Today it closed at 24,815. That's a loss of 1,335 points, or five percent.

In the first year of the Trump presidency the stock market did go up, but that was a continuation of the Obama bull market.

This means Trump will probably not be able to brag about the stock market during his reelection campaign, especially if he keeps imposing tariffs.

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Since 1-1-2018 stock market (DJIA) has lost 1,335 points (Original Post) Vidal May 2019 OP

24,719 on 1/1/18, so today's 24,815 close is 0.4% above that. Plus dividends. progree May 2019 #1

Since 1-1-19 the market has gained 1,488 points. former9thward May 2019 #2

So it's been in a trading range from 26,000 and change down to... brush May 2019 #3

Of course, if you're in it for the long run you'll always do well. PoindexterOglethorpe May 2019 #4

progree

(10,904 posts)

1. 24,719 on 1/1/18, so today's 24,815 close is 0.4% above that. Plus dividends.

Reply to Vidal (Original post)

Fri May 31, 2019, 07:35 PM

May 2019

Not much of a return.

https://finance.yahoo.com/quote/%5EDJI/history?period1=1513749600&period2=1517464800&interval=1d&filter=history&frequency=1d

Edited to add: it's January 26, 2018 local peak, just 25 days later, was 26,617, 1,802 points above today's close -- IOW today's close is 1,802 points below (6.8% below) where it was on January 26, 2018.

former9thward

(31,997 posts)

2. Since 1-1-19 the market has gained 1,488 points.

Reply to Vidal (Original post)

Fri May 31, 2019, 07:42 PM

May 2019

1-1-19 it was 23,327. It is now 24,815 It is easy to play with market numbers depending on when you want to start and end. When Warren Buffet is worried about the market then I will worry. He is not worried.

brush

(53,776 posts)

3. So it's been in a trading range from 26,000 and change down to...

Reply to Vidal (Original post)

Fri May 31, 2019, 08:42 PM

May 2019

the high 23,000s. So anyone who invested in Jan. 2018 has just been threading water since then—up, down. up, down?

That's got to be ulcer-inducing to watch you funds see-saw up and down like that for months.

PoindexterOglethorpe

(25,853 posts)

4. Of course, if you're in it for the long run you'll always do well.

Reply to Vidal (Original post)

Fri May 31, 2019, 09:00 PM

May 2019

Keep in mind, that while the market frequently posts new highs, it essentially never posts new lows. Even this close has the market quite a bit above what it was when Trump was elected. 17,930 on November 3, 2016. 19,827 on January 20, 2017.

While I am no fan of Trump, the stock market has simply not gone into the precipitous decline everyone seems to be anticipating so eagerly.

And yeah, I'm sure the market will do very poorly until such time as the economic uncertainty ends.

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