DJIA opens down 330pts. Gives up 30% of yesterday's gain immediately. Consumer confidence drops!

[Roland99]

Last edited Thu Dec 27, 2018, 11:24 AM - Edit history (2)

Gonna be a wild ride today I bet

Consumer confidence drops to lowest level since July

10:00a
U.S. consumer confidence index falls to 128.1 in December from 136.4

[nycbos]

1. I think we are going to see these wild up and down swings for awhile now.

[Johnny2X2X]

2. Crazy

DOW down almost 9% since the day Trump’s tax cuts went into effect.

These wild swings will hurt value in the long run.

If you’re close to retirement you should have been moving out of stocks for a while now. Everyone else hold tight, your 80-20 stocks to bonds ratio should be fine in the long run.

[malaise]

3. 22,497.70 −380.75

Crazy

[bluedigger]

4. You don't think Trump and his cabal of pirates could profit from this volatility, do you?

Hmmm...

[malaise]

5. Yesterday looked rigged n/t

[oberliner]

6. Depressing

[Blue_true]

11. No. The nature of a bear market.

The basic fundamentals are horrid. People were warned to get out last year and ignored those warnings. Markets don't rise on bad fundamentals, economic activity has slowed, the percentage of workers (especially in red states) that get government paid checks (SS, government jobs-Fed, State, County, City, Town) relative to private business paychecks has risen over the last two years.

Basic fundamentals for economic growth are horrible. Anyone that wants to stay in the market should have shifted over to durable basic needs stocks, like food companies, toiletries, ect.

[Roland99]

7. -450. Consumer confidence takes a hit.

Consumer confidence drops to lowest level since July

10:00a
U.S. consumer confidence index falls to 128.1 in December from 136.4

[Iliyah]

8. Seriously?

I heard yesterday on local news that consumer confidence at least for Christmas was the highest ever! I keep hearing and reading mixed signals. Same shit with Bush. I am not confidence at all with the economy. It may be ok with the rich but the middle class is taking a beating.

[Roland99]

10. And this is with gas prices hitting lows. Below $2/gal in Orlando now

That should spur a drop in transport costs and more money in consumers pockets

[Wounded Bear]

9. Spot check--down almost 500 now...nt