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Legend
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Velshi just said that if the current pace keeps up this will be the worst December in the market since 1931.
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Legend
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Legend
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Bruh the Dow hit a low of 643 before rebounding to closing down 507 today.
Retail sales are slightly up, but overall....yikes.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Don't Panic!
Stiff upper lip now.
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Legend
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Legend
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Don't Panic!
Stiff upper lip now. Well yeah, the lower lip is all bloody from the smack down China put on us.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
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Legend
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Legend
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Hey guys, this is called socialism. So much for fiscal conservative policies.
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~ Legend
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Hey guys, this is called socialism. So much for fiscal conservative policies. This is actually state capitalism, but the difference is moot since Cons are too dumb to read anything, so making distinctions between economic systems is nigh impossible and not worth trying to explain it to them.
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Hall of Famer
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Saw a report last night that this is shaping up to be the worst December since 1931-in the middle of the great depression.
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Hall of Famer
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We still have about a week to go, I think we'll narrowly avoid that symbolically bad correlation. But the table is being set for more volatility next year. The easy money is gonna be on hold for a while.
#gmstrong
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I just got a glimpse of Santa Claus!!! Market rising into the close!!! Zoom! 
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Legend
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Legend
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82 points.
after dropping over 500 yesterday.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Stiff upper lip now.
The rally begins with a single step.
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Lets see, market went to 25,826 beginning of December, adding 82 to todays open means we're only down 2,077 points, or 8% from the start of the month. Why are you hating on this great news, Swish?
#gmstrong
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Legend
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lol, my bad. ill just look at the good news with oil on the market....wait....
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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Legend
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Hey, whatever happened to that middle class tax cut trump was talking about right before mid terms.
Is he still focusing on that or nah?
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Mnuchin walked that back last week.
#gmstrong
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Legend
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Legend
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Well, that sucks.
Feds raising rates, expects a global slowdown, slow economic growth.
Also.....trumps economic growth numbers are on par with Obama’s.
I thought trump supporters said trump was gonna grow the economy far better than Obama. Not really seeing any evidence of that. Looks like trickle down isn’t working. Surprise surprise.
And the dow and s&p 500 are down 4% for the year.
Not exactly ground breaking numbers here.
Last edited by Swish; 12/19/18 03:07 PM.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Powell and the Fed say 2018 has been the strongest year since the financial crisis.
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Legend
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Legend
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thats one year. did you see their forecast for 2019?
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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So i listened to the the fed chairman's press conference.
interesting stuff. not exactly optimistic comments.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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82 points.
after dropping over 500 yesterday. and the dow is closing down around 350.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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i hope everybody has fixed mortgages.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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There is no need to freak out unless you are in your 60s or 70s.
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Legend
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Legend
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There is no need to freak out unless you are in your 60s or 70s. thats a lot of people.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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I agree.
But unpredictability is the nature of the beast.
If you are not elderly, then dont freak out.
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Legend
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Legend
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40, call Interpol!!! Dow is now under 23k! where's santa? WHERE'S SANTA?!!
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Joined: Sep 2006
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Legend
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Legend
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40, call Interpol!!! Dow is now under 23k! where's santa? WHERE'S SANTA?!! Looks like we are losing all the Trump bluster in the market. Won't surprise me if it falls to below January 2016 levels in the next month or two, if not a much larger crash.
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Legend
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Whoah! Just watched it drop from -423 to -560 in a matter of 5 minutes...
Remember when a 500 point swing was a huge story?
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Yes, that is why I am buying today with both hands.
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Legend
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Legend
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Fear of government shutdown, fear of a hard no deal brexit, trade wars, fed hike(by trumps own appointee), slowdown of domestic and global economic growth.
Just to name a couple things going on right now.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Dawg Talker
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All I know is when the crazy socialist dems got the house is when the spiral down took off at lightning speed, because the world know how destructive socialist are to governments IMO
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Legend
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All I know is when the crazy socialist dems got the house is when the spiral down took off at lightning speed, because the world know how destructive socialist are to governments IMO not really. we were already hitting lows prior to the win. and we are in full blown gop policy, that won't be changed for some time. the spiral started with trumps unnecessary trade war.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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watching trump make his wall speech while the markets simultaneously tank.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Legend
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stock market dropped another 414 in the dow, 195 in the nasdaq, and 51 in s&p500.
dow finished at 22,445.
the last time it was that number? oct 2 of last year, 2 months before the tax cuts, and when it officially became trump's economy.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Just watched a report on it saying it's down 9% on the year.
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Legend
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worst week in 10 years.
dow dropped 6.8% on the week, which is the worst drop since 2008 of oct.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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its bad across the board. and there doesn't seem to be a sign of selloff slowing down, especially if trump doesn't get this trade war situation handled.
i sincerely hope this gets fixed.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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its bad across the board. and there doesn't seem to be a sign of selloff slowing down, especially if trump doesn't get this trade war situation handled.
i sincerely hope this gets fixed. Bro I hate seeing anyone lose money but you'd have to be a complete idiot to not see this correction coming. No idea how much it will end up being or how long it will last, but all the growth that came from tax cuts and excitement over Trump being president was pure bubble.
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Trump asking advisers if he can legally fire Fed chief https://www.cnn.com/2018/12/22/politics/trump-jerome-powell-fire-interest-rate-hike/index.htmlLol, trump nominated this guy a year ago, and now wants to fire him? Train wreck administration.
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Legend
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Markets will love that move.
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