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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEstablish the meme: "The Trump Crash." Make sure the drop gets the credit it's due.
http://money.cnn.com/2018/02/02/investing/stock-market-today-dow/index.htmlDow plunges 666 points -- worst day since Brexit by Matt Egan @CNNMoneyInvest February 2, 2018: 5:10 PM ET
The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis.
A strong jobs report showed wage growth is finally starting to pick up. That's great news for workers, but it reinforced investors' concern about inflation and the bond market.
Political turmoil is adding to the uncertainty. Market analysts pointed to the clash between the Trump administration and the FBI as another concern.
"There looks like a breakdown of the institutions in our country," said Ian Winer, head of equities at Wedbush Securities. "No matter what side you're on, that's not good."
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Establish the meme: "The Trump Crash." Make sure the drop gets the credit it's due. (Original Post)
lindysalsagal
Feb 2018
OP
And the address of jared's bldg is? . ..and the dow dropped how much ? Hmmmm......
Fullduplexxx
Feb 2018
#2
mia
(8,361 posts)1. #TrumpCrash
Fullduplexxx
(7,865 posts)2. And the address of jared's bldg is? . ..and the dow dropped how much ? Hmmmm......
oberliner
(58,724 posts)3. Let's not link the POTUS to the Stock Market
madville
(7,412 posts)4. We were due a correction
I think this is just a small dip though. I would give it more than one trading day, it could easily be back where it was or higher by next Friday.
I'm not rooting for it to crash, I have both a Roth and Traditional 401k and the funds are tied to the markets so I want to see them up in the long run, not crashed for political gain. That would destroy alot of Democrat's retirement plans.
Wounded Bear
(58,670 posts)6. More than one day? It dropped 4 days this week.
It only went up on the post-SOTU bounce.
Down 1100 points on the week.
madville
(7,412 posts)7. Friday was the biggest dip.
The rest of the week it was bouncing between 26,200-26,500. 1,000 points isn't as big a deal as in the past when it's only 4%. I'm not going celebrate a 4% dip like some of the news networks, I don't want to see middle class people's retirement funds hurt.
global1
(25,253 posts)5. Prelude To The Coming Real Constitutional Crisis.....
courtesy of Trump.