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Stocks plunged again on Friday, sending the Dow Jones Industrial Average to its worst week since the financial crisis in 2008, down nearly 7 percent. The Nasdaq Composite Index closed in a bear market and the S&P 500 was on the brink of one itself, down nearly 18 percent from its record earlier this year.
Here’s a tally of the carnage:
- The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.
- The Nasdaq lost 8.3 percent on the week and is now 22 percent below its record reached in August, a bear market.
- The S&P 500 lost 7 percent for the week and is now down 17.8 percent from its record.
- The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.
- Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.
The selling had conviction. More than 12 billion shares changed hands on U.S. exchanges on Friday, the heaviest volume in at least two years. The expiration of options also added to the volume.
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
The Friday ticker:
Historical context:
Volume:
Source:
(CNBC) Dow dives 400 points to end its worst week in 10 years
Personal commentary:
I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
...I'm surprised this didn't get any notice here Friday, that I can see. But our markets seem to possibly be heading into rather serious trouble. The tech-heavy NASDAQ, and the large cap S&P 500, are now officially in bear markets. The Dow isn't far behind. And, the Bond markets keep flirting with an inverted yield curve.
This is dismal market performance, that too often foreshadows a recession.
So what's going-on, here?
Trump running the country like many of his failed businesses sadly.
Trump was elected to break things, and it seems to be working splendidly.
What has America done for Trump ? Tax and investigate him ?
The sooner he burns this country to the ground the better(for him and Putin).
The stock market is in a downturn, and the national debt is soaring... over 21 trillion.
Experts say the trade war with China is also causing a global economic slowdown.
Q3 economic growth was also revised, down to 3.4%.
None of this looks good, and for me personally, it's not surprising. Since the tax cuts, financial experts were predicting a correction, because companies were using the tax cuts to buy back their own stock. It was predicted to be a temporary bump, but things are looking more serious than a simple market correction.
The exploding deficit and shaky market make it look like the GOP has learned nothing from the GWB years. None of this good for America, but I can't see the GOP's legacy being good for their party either.
https://www.cnbc.com/2018/12/20/gdp-q3-2018-final-reading.html
The fed contributed, but I see Trump to your Chuck.The Fed and Chucky.
The fed contributed, but I see Trump to your Chuck.
Comeuppance. The big Corporate tax giveaway supposed to create work and jobs was used for buyback of Stocks to raise the stock price and enrich the stockholders, but there is/was no development of jobs or products. Debt went up. Deficit went up. Like drugs that take you up and then drop you way down. An overvalued fiat currency that the USA cannot afford to drop. A military policy dragging us into a more ridiculous debt hole. Just a few inconsequential items for your perusal. As a sidenote. If Trump got credit for the market rising, he gets the blame when it goes in the crapper. Circling the bowl./The Fed and Chucky.
Trump has done nothing to cause the market drop. (unless, of course, you contend that insisting on national security is a bad thing)
I didn't reply to your other posts, but I have to say all your posts have been dead-on here. I liked them all (both cyber & RL!). And I'll just add to the bolded, that the growth rate is being forecast to fall to the mid 2's, for Q4. We shall see.The stock market is in a downturn, and the national debt is soaring... over 21 trillion.
Experts say the trade war with China is also causing a global economic slowdown.
Q3 economic growth was also revised, down to 3.4%.
None of this looks good, and for me personally, it's not surprising. Since the tax cuts, financial experts were predicting a correction, because companies were using the tax cuts to buy back their own stock. It was predicted to be a temporary bump, but things are looking more serious than a simple market correction.
The exploding deficit and shaky market make it look like the GOP has learned nothing from the GWB years. None of this good for America, but I can't see the GOP's legacy being good for their party either.
https://www.cnbc.com/2018/12/20/gdp-q3-2018-final-reading.html
Comeuppance. The big Corporate tax giveaway supposed to create work and jobs was used for buyback of Stocks to raise the stock price and enrich the stockholders, but there is/was no development of jobs or products. Debt went up. Deficit went up. Like drugs that take you up and then drop you way down. An overvalued fiat currency that the USA cannot afford to drop. A military policy dragging us into a more ridiculous debt hole. Just a few inconsequential items for your perusal. As a sidenote. If Trump got credit for the market rising, he gets the blame when it goes in the crapper. Circling the bowl./
Neither are facts ...
Well, it's not yet a U.S. slowdown. But it will be, in a longer-term global slump.There is a "global economic slowdown", but there is NOT a US economic slowdown.
The market speculators who depend on the "global market" are frantically triggered.
Well, it's not yet a U.S. slowdown. But it will be, in a longer-term global slump.
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