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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks post worst trading day of 2017
Fred Imbert
5 Hours Ago
U.S. equities closed lower on Monday, notching their worst day of the year, as a new measure taken by the Trump administration on immigration sent jitters through the market ...
The Dow Jones industrial average fell around 120 points after sliding more than 223.39 points, dropping below 20,000, with Goldman Sachs contributing the most losses. The S&P 500 dropped 0.6 percent, with energy shedding 1.7 percent.
The Nasdaq composite underperformed, falling 0.8 percent ...
http://www.cnbc.com/2017/01/30/us-markets.html
The Velveteen Ocelot
(115,836 posts)All the greedheads who thought a Trump administration would be good for business are discovering that maybe he won't be...
Wellstone ruled
(34,661 posts)Day one of the new Trading Month.
AlexSFCA
(6,139 posts)Can't risk waiting any longer. Trade wars, immigration backlash, diplomatic disasters, uncertainty and volatility. The fact that Bannon wants to destroy the government and he hates wall st. too. In fact, he hates everyone including himself.
Can't see how tax cuts and deregulation can compensate for it. Maybe only banking sector and energy sector. Other corporations are global - isolationist policies will not bode well for them.
TlalocW
(15,391 posts)I have a Roth that I need to start contributing to again, and I have four different passive investment apps on my phone that take out money from my bank account in different ways (I either set small amounts to be taken out every week or if I buy something for $10.63, one app will then take the 37 cents needed to round up to $11 and invest it), but they're mainly passive savings accounts that I intend to not touch for years if at all possible. But using them for just a few months has been the most effective savings program I've ever done, which says something about how lazy I am. Oh, and just for shits and giggles, I joined Ameritrade and bought $50 of stock of some marijuana scientific research company. I've been told that there's never been a 12 years period in the stock market that didn't finish higher than it started. I hope it's true.
I am upset though. I got a little bit of silver from Mom after she passed. It's always been my understanding that precious metals go up under turbulent times, and I'm not seeing that happen. If these aren't turbulent times, what are?
TlalocW