Worst December for stocks since 1931 gets worse as rate hikes spook investors

[JacksinPA]

https://www.usatoday.com/story/money/2018/12/20/dow-jones-fed-rate/2373928002/

The worst December for stocks since 1931 keeps getting worse.

The Dow remained under pressure and closed sharply lower again Thursday amid a negative reaction to the Federal Reserve's latest interest rate hike and suggestion that two more increases are coming next year. Investors fear the continued rise in borrowing costs will cause the economy to slow.
================================
As I anticipated, the Christmas Bump in the markets has turned into the Trump Slump. The market does not take well to chaos & they're having a fire sale on that commodity at the moment.

 

[Common Sense 1]

It's called a correction. Lets send a big thank you to the federal reserve for raising the interest rate.
That really set the markets off in the wrong direction.

Jerome H. Powell, the Fed’s chairman said we have a very healthy economy. That was their justification to raise the interest rates.

 

[Praxas]

https://www.usatoday.com/story/money/2018/12/20/dow-jones-fed-rate/2373928002/

The worst December for stocks since 1931 keeps getting worse.

The Dow remained under pressure and closed sharply lower again Thursday amid a negative reaction to the Federal Reserve's latest interest rate hike and suggestion that two more increases are coming next year. Investors fear the continued rise in borrowing costs will cause the economy to slow.
================================
As I anticipated, the Christmas Bump in the markets has turned into the Trump Slump. The market does not take well to chaos & they're having a fire sale on that commodity at the moment.

Any increase in the Stock Markets is due to Trump and any decline in the Stock Markets is due to socialist liberals. Didn't you know, Trump logic.

 

[Common Sense 1]

The S&P 500 was down 1.5 percent on the day and is now down 6 percent on the year. Mr. Powell insisted on the wisdom of the Fed’s plans to raise borrowing costs while investors dumped their holdings. Stock prices fell when the Fed released its policy statement at 2 p.m., and dropped again as Mr. Powell spoke.

https://www.nytimes.com/2018/12/19/business/fed-interest-rates.html

 

[Mycroft]

https://www.usatoday.com/story/money/2018/12/20/dow-jones-fed-rate/2373928002/

The worst December for stocks since 1931 keeps getting worse.

The Dow remained under pressure and closed sharply lower again Thursday amid a negative reaction to the Federal Reserve's latest interest rate hike and suggestion that two more increases are coming next year. Investors fear the continued rise in borrowing costs will cause the economy to slow.
================================
As I anticipated, the Christmas Bump in the markets has turned into the Trump Slump. The market does not take well to chaos & they're having a fire sale on that commodity at the moment.

Thank you Powell. The Trump haters love you when they should be hating you.

 

[Common Sense 1]

Any increase in the Stock Markets is due to Trump and any decline in the Stock Markets is due to socialist liberals. Didn't you know, Trump logic.

Socialist liberals don't have any thing to do with the stock market or they are not really socialist liberals. eace

 

[Hawkeye10]

https://www.usatoday.com/story/money/2018/12/20/dow-jones-fed-rate/2373928002/

The worst December for stocks since 1931 keeps getting worse.

The Dow remained under pressure and closed sharply lower again Thursday amid a negative reaction to the Federal Reserve's latest interest rate hike and suggestion that two more increases are coming next year. Investors fear the continued rise in borrowing costs will cause the economy to slow.
================================
As I anticipated, the Christmas Bump in the markets has turned into the Trump Slump. The market does not take well to chaos & they're having a fire sale on that commodity at the moment.

A taste of things to come.

BUCKLE UP!

 

[JacksinPA]

Experts have been backing up my feeling that the current market is a bubble just like the dot.com bubble that burst when Bush the Younger got elected. I had been day trading & had made (and then lost) $150K. Corning Glass, I recall, went from $300/share to $3 overnight. When this bubble bursts we're going to be in for a major recession or perhaps a major depression. Major depressions have happened periodically. I haven't studied the market as I got out of it & into an annuity that pays me monthly a nice return.

 

[Jetboogieman]

Those criticizing the fed, including the president highlight why it’s so important the Fed is as independent as it is.

The days of low interest rates had to come to an end, there’s no way around it, the inflationary risks are too great with the way the economy was behaving, Wall Street like Main Street is built the same in many ways, primarily, debt and cash flow...

It doesn’t matter how strong the stock market or economy was, they were gonna be pissed cheaper lending was going away no matter what happened.

Let them **** themselves, and let those who want to play politics with the Fed decision play politics, the reason they’re independent is to let them make longer term decisions then what politicians would for short term gain, such as ill advised tax cuts.

 

[Praxas]

Socialist liberals don't have any thing to do with the stock market or they are not really socialist liberals. eace

Oh come on, you guys are always blaming socialist liberals for the woes of companies. Don't hold back now con, or are you hoarse from all the cheering you guys did for Trump when the stock market was rising giving praise that it was all due to him?

 

[danarhea]

Experts have been backing up my feeling that the current market is a bubble just like the dot.com bubble that burst when Bush the Younger got elected. I had been day trading & had made (and then lost) $150K. Corning Glass, I recall, went from $300/share to $3 overnight. When this bubble bursts we're going to be in for a major recession or perhaps a major depression. Major depressions have happened periodically. I haven't studied the market as I got out of it & into an annuity that pays me monthly a nice return.

Actually, there are 2 forces at work here. 1) The stock market is overpriced, and a correction was going to happen, and 2) If interest rates are not raised, then we risk runaway inflation. Trump is not responsible for either of these forces.

To be fair....

1) Trump does not get credit for the economy improving. That was happening long before he took office. Obama does not get the credit either. The recovery was nothing more than gaining back losses that occurred in the last market crash. It also recovered a little too well in that the market became overpriced, due to overheating.

2) Trump does not get the blame for the market crashing now. Natural market forces are at work here, and a major correction has been in the cards for some time. That correction is what we are seeing now.

 

[MTAtech]

Thank you Powell. The Trump haters love you when they should be hating you.

We get it, Individual-1, who lambasted the Fed for keeping interest rates low while Barack Obama was president, is demanding that it keep rates low now that he’s in the White House.

 

[MTAtech]

Actually, there are 2 forces at work here. 1) The stock market is overpriced, and a correction was going to happen, and 2) If interest rates are not raised, then we risk runaway inflation. Trump is not responsible for either of these forces.

To be fair....

1) Trump does not get credit for the economy improving. That was happening long before he took office. Obama does not get the credit either. The recovery was nothing more than gaining back losses that occurred in the last market crash. It also recovered a little too well in that the market became overpriced, due to overheating.

2) Trump does not get the blame for the market crashing now. Natural market forces are at work here, and a major correction has been in the cards for some time. That correction is what we are seeing now.

Except that Individual-1 took credit for both the economy and stocks rising. So, he can’t runaway from blame now that stocks are falling.

Moreover, his scaring investors can’t be understated. The tariffs coupled with erratic Middle East policy coupled with playing chicken with a government shutdown is spooking markets.

 

[Mycroft]

We get it, Individual-1, who lambasted the Fed for keeping interest rates low while Barack Obama was president, is demanding that it keep rates low now that he’s in the White House.

Irrelevant.

The Fed caused the stocks to nosedive. Indisputable.

 

[Mycroft]

Except that Individual-1 took credit for both the economy and stocks rising. So, he can’t runaway from blame now that stocks are falling.

Moreover, his scaring investors can’t be understated. The tariffs coupled with erratic Middle East policy coupled with playing chicken with a government shutdown is spooking markets.

The tariffs, Trump's policy...has been known for two years. Stocks have risen. The Fed opens their mouth...stocks drop.

You are full of bull****.

 

[MTAtech]

Irrelevant.

The Fed caused the stocks to nosedive. Indisputable.

Quite disputable. Lately the markets are nervous. It's not just that stocks are down; they're down despite big increases in after-tax profits. The markets are worried that if and when something goes wrong, Individual-1 is likely to throw a temper tantrum rather than respond sensibly. All advisors that might guide sensile policy have been replaced with know-nothings -- and now he wants to replace the Fed Chairman, that he appointed not even a year ago (22 dog Trump years.)

 

[MTAtech]

The tariffs, Trump's policy...has been known for two years. Stocks have risen. The Fed opens their mouth...stocks drop.

You are full of bull****.

Two years? It only seems like forever. The markets have been falling all year.

In January 2018, Trump imposed tariffs on solar panels and washing machines of 30 to 50 percent. Later the same year he imposed tariffs on steel (25%) and aluminum (10%) from most countries.[2][3] On June 1, 2018, this was extended on the European Union, Canada, and Mexico.[3] The only countries which remain exempted from the steel and aluminum tariffs are Australia and Argentina.[4] Separately, on July 6, the Trump administration set a tariff of 25% on 818 categories of goods imported from China worth $50 billion.[5]

The tariffs coincide with markets falling from erratic government policy formed from whim and tantrum.

 

[Verax]

You have to raise interest rates so when the next recession comes in the very near future you can then lower them again to try and ease it.

 

[MTAtech]

You have to raise interest rates so when the next recession comes in the very near future you can then lower them again to try and ease it.

Ironically, if Individual-1 wanted a dove to head the Fed, he should have kept Janet Yellen -- but Obama appointed her, so she had to go.

 

[gulfman]

I've always wondered how the homeless and those on food stamps and welfare keep track of their 401ks.The government should give them free internet and laptops.