General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSitting in a MickeyD's, drinking coffee. Faux News is on a muted TV and
they have a live countdown running for the DOW. It's dropped like 30 points since I got my coffee. Currently -454.
maxsolomon
(33,400 posts)Or turned to BBC or something.
SWBTATTReg
(22,166 posts)too many times over the last month or so. Am I going to say that the big BOOM downwards is coming? Well........
I got everything parked on the sidelines...markets have had a good run, now the tailwinds, all artificially induced by rump and his idiotic antics are starting to wear and tear at the fabric.
JCannon
(67 posts)I know that your original post was about the DOW, but the image of Fox on a public TV is also worthy of address. When my local MickeyD tried that, I complained often -- first to the counter personnel, which did no good. So I eventually went to the website and found the complaint form, saying that I took offense at a racially insensitive statement broadcast on Fox. (This was not a lie.) It had the desired effect.
As for the stock market: I hate this! I hate rooting for an economic downtown, because I know that struggling poor people will be hurt. And yet it may be the case that this is the only thing that will hurt Trump.
KPN
(15,650 posts)market volatility that is until he is gone and replaced with someone the markets view as more stable. I have reduced my market exposure to about 23%; and 40% of that is in bonds (mostly short term bonds). Im going to wait till the boogeyman occupying the WH is gone before I risk my retirement savings any further. Ive already incurred 5.5% loss in my (well my wifes and my) retirement accounts this year.
PoindexterOglethorpe
(25,895 posts)Big whoop.
It's down about 4% or so from the beginning of the year.
We've simply had a lot of several hundred point daily swings all year, but the overall trend is always up in the long term. Yes, there could be a huge crash at some point. More likely it won't be so much a sudden crash as an overall trend downward that lasts a few years. Along the way, keep in mind that while the Dow frequently posts record highs, it never posts record lows.