In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.

Dow, S&P logs largest decline ever before Xmas

serfserf Member Posts: 9,225 ✭✭✭✭
edited January 2019 in Politics
2019 Looks dire unless President Trump pulls a rabbit out of his hat!

serf

https://www.marketwatch.com/story/dow-sp-logs-largest-decline-ever-on-christmas-eve-2018-12-24?mod=newsviewer_click

Stocks ended sharply lower Monday in a holiday-truncated session, putting key equity benchmarks on track to log their worst month and a year in a decade. The S&P 500 SPX, -2.71% slipped 2.7% to end near 2,352, based on preliminary numbers. The Dow Jones Industrial Average DJIA, -2.91% shed 644 points, or 2.9%, to end near 21,794. The Nasdaq Composite COMP, -2.21% was down 2.2% to finish around 6,193. The Dow recorded its fifth session with a 2% decline in December, its most in a month since Sep. 2011. Equities saw no respite after developments from Washington put concerns of political instability back on investors' agendas

Comments

  • AdamsQuailHunterAdamsQuailHunter Member Posts: 1,711 ✭✭✭
    edited November -1
    Not my fault - I sold a looser that use to make jet engines and diesel locomotive engines and bought one that makes cell phones.

    Best Regards -AQH
  • Rack OpsRack Ops Member Posts: 18,597 ✭✭✭
    edited November -1
    Why do people think the market is supposed to go up forever?
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by Rack Ops
    Why do people think the market is supposed to go up forever?


    Not without Free spiking of the punch bowl with the federal reserve money stimulus {debt) and Tax cuts! The old saying we make our money the old fashion way we earn it did not apply for the last ten years with QE 1,2 &3 to infinity![:D] Wake Up!

    serf

  • Rack OpsRack Ops Member Posts: 18,597 ✭✭✭
    edited November -1
    quote:Originally posted by serf
    quote:Originally posted by Rack Ops
    Why do people think the market is supposed to go up forever?


    Not without Free spiking of the punch bowl with the federal reserve money stimulus {debt) and Tax cuts! The old saying we make our money the old fashion way we earn it did not apply for the last ten years with QE 1,2 &3 to infinity![:D] Wake Up!

    serf




    Oh, I woke up a long time ago.

    Rode the market up, and bailed out before all hell broke loose. Once it's a good value again, I'll hop back on the train.

    Cheers!
  • droptopdroptop Member Posts: 8,925
    edited November -1
    Jan. 2 thru 4, 2019 should give an indication of what one might expect in 2019.
  • droptopdroptop Member Posts: 8,925
    edited November -1
    Can't wait until tomorrow when the market opens.[:D] (I hope)

    2018 Holiday Shopping Season Best in Six Years: $850 Billion in Sales, Up 5.1 Percent from 2017
    https://www.breitbart.com/politics/2018/12/31/2018-holiday-shopping-season-best-six-years-850-billion-sales-up-5-1-percent-2017/
  • spasmcreekspasmcreek Member Posts: 38,925
    edited November -1
    a great xmas present for buyers with guts
  • droptopdroptop Member Posts: 8,925
    edited November -1
    Oh, No the Nasdaq Tracking stock for the top 100 companies (QQQ) was DOWN after hours,, what could cause that,, well,, it's Apple. Kind of saw something like this happening.

    Apple CEO Tim Cook received a ?Courage Against Hate? award from the Anti-Defamation League yesterday for censoring online speech, including Infowars? Alex Jones, whom Cook referred to as a ?violent conspiracy theorist?.

    ?At Apple, we believe technology needs to have a clear point of view,? said Cook during his acceptance speech. ?This is no time to get tied up in knots. We only have one message for those who seek to push hate, division, or violence: You have no place on our platforms. You have no home here. From the earliest days of iTunes to Apple Music today we have always prohibited music with a history of white supremacy. Why? Because it?s the right thing to do. And as we showed this year, we won?t give a platform to violent conspiracy theorists. Why? Because it?s the right things to do.?

    This video is from a liberal about Apple's CEO speech. Younger conservatives were even more appalled. This video is worth watching.



    News:
    ?Apple has lowered its Q1 guidance in a letter to investors from CEO Tim Cook Wednesday,? Steve Kovach reports for CNBC. ?Apple stock was halted in after-hours trading just prior to the announcement, and shares were down about 8 percent when trading resumed 20 minutes later.?
    ?Apple lowered revenue guidance to $84 billion, down from the $89 to $93 billion it had previously projected,?

    Apples drop knocked 2.5% the QQQ. Tomorrow isn't looking good for Tech.

    P.S. Apple is DOWN 40% from it's high earlier in the year, might be 50% tomorrow.

    Think Apple will find a new CEO in 2019.
  • droptopdroptop Member Posts: 8,925
    edited November -1
    Double ooops, apple down even more before trading opens. One way to look at it,, if you had a Million dollars worth of apple earlier this year,, you now have 650.000. Not a happy New Year.
  • serfserf Member Posts: 9,225 ✭✭✭✭
    edited November -1
    quote:Originally posted by droptop
    Double ooops, apple down even more before trading opens. One way to look at it,, if you had a Million dollars worth of apple earlier this year,, you now have 650.000. Not a happy New Year.


    Apple I phones were nothing but a darling of cheap labor matched with federal reserve stimulus and stupid Americans paying over 1000 dollars for a cell phone.

    serf

    https://www.ebay.com/i/223244006961?chn=ps
Sign In or Register to comment.