General Discussion

ffr

(22,670 posts) Wed Oct 24, 2018, 03:31 PM Oct 2018

Panic-like selling takes hold on NYSE as stock-market slump gathers steam

Selling on the NYSE on Wednesday afternoon has reached panic-like proportions, as the exchange's Arms Index rose. The Arms is a volume-weighted breadth measure, that tends to rise when the broader market falls, as the intensity of the selling in declining stocks is usually greater than the intensity of buying in rising stocks.
<snip>

the the Dow Jones Industrial Average DJIA, -1.72% trading down 370 points, or 1.5%, threatening to notch its third triple-digit drop in a row.
- Marketwatch

The economy is catching up to tRump and the illiberal conservatives. The republican slump begins.

Update: DOW tumbling past 600 pts down, 2,300 pts down in 3 weeks.

9 replies

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Highlight:

Panic-like selling takes hold on NYSE as stock-market slump gathers steam (Original Post) ffr Oct 2018 OP

DOW has lost over 2,100 pts in 3 weeks. ffr Oct 2018 #1

The TRump Dump marybourg Oct 2018 #2

Has the president addressed this? gratuitous Oct 2018 #3

Except when stoking rage, the Stable Genius doesn't know what he's doing. Hassler Oct 2018 #4

The Trump slump Johnny2X2X Oct 2018 #5

It's what I told the tRumpanazees. I wouldn't touch this market with a 10 ft pole. ffr Oct 2018 #6

Interest rates have to go up to finance the huge new debt load. denverbill Oct 2018 #7

I just lost my appetite. ffr Oct 2018 #8

Kick ck4829 Oct 2018 #9

ffr

(22,670 posts)

1. DOW has lost over 2,100 pts in 3 weeks.

Reply to ffr (Original post)

Wed Oct 24, 2018, 03:36 PM

Oct 2018

10/03/18 - 26,828.39

Now it's at 24,748 and change.

marybourg

(12,633 posts)

2. The TRump Dump

Reply to ffr (Original post)

Wed Oct 24, 2018, 03:46 PM

Oct 2018

gratuitous

(82,849 posts)

3. Has the president addressed this?

Reply to ffr (Original post)

Wed Oct 24, 2018, 03:56 PM

Oct 2018

Seems not too long ago he was crowing about new stock market highs and taking all the credit for it. Shouldn't he be shouldering the blame for this little slump too?

Hassler

(3,379 posts)

4. Except when stoking rage, the Stable Genius doesn't know what he's doing.

Reply to ffr (Original post)

Wed Oct 24, 2018, 04:02 PM

Oct 2018

Johnny2X2X

(19,066 posts)

5. The Trump slump

Reply to ffr (Original post)

Wed Oct 24, 2018, 04:02 PM

Oct 2018

2017 was still the Obama economy. 2018 is the Trump Slump.

Stocks are now negative for the entire year. If you had $1000 on January 1st you were better off burying it in your back yard than investing it in the Trump economy.

ffr

(22,670 posts)

6. It's what I told the tRumpanazees. I wouldn't touch this market with a 10 ft pole.

Reply to Johnny2X2X (Reply #5)

Wed Oct 24, 2018, 04:05 PM

Oct 2018

The super recession of 2007 still haunts me. Had I been in cash on the day Bush II took office, I have come out ahead of the game.

denverbill

(11,489 posts)

7. Interest rates have to go up to finance the huge new debt load.

Reply to ffr (Original post)

Wed Oct 24, 2018, 04:09 PM

Oct 2018

And when rates go up, stocks and housing go down, and the deficit gets even bigger.

Not to mention China is probably not buying our debt anymore due to Donnie's trade war.

ffr

(22,670 posts)

8. I just lost my appetite.

Reply to denverbill (Reply #7)

Wed Oct 24, 2018, 04:14 PM

Oct 2018

Worrying.

ck4829

(35,077 posts)

9. Kick

Reply to ffr (Original post)

Tue Oct 30, 2018, 10:53 AM

Oct 2018

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