General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAnother Dow rally has died.
It was up about three hundred points after Fed Chief Jerome Powell said he would revisit the Fed's decision to raise rates next year.
https://www.cnbc.com/2018/12/21/us-stocks-set-for-lower-week-after-fed-decision-government-shutdown-fears.html
PoindexterOglethorpe
(25,861 posts)And of course it's far too early to know how the day's market will end.
It's not going to be the end of the world if the Dow ends this year lower than when it started. People keep on acting and posting as if anything other than the Dow (and all the other markets) going up is a disaster. Stocks go up. Stocks go down. Over time they go up significantly more than they go down.
Plus, while the market periodically posts a new high, it never posts a new low.
saidsimplesimon
(7,888 posts)Dow hit low of 23,000 that some market analysis suggested would trigger a recession. Rumpy and his rumpublicans own this downturn.
SCantiGOP
(13,871 posts)cause they wouldn't fund the wall and they have been very mean to the greatest prezident ever. Everybody is pulling their money out of the stock market to donate it to Trump's "Gofundme and build the wall."
saidsimplesimon
(7,888 posts)I hope the Democrats in Congress stay firm, do not fold to the blackmail of a shutdown.
11cents
(1,777 posts)Right now it's back over 100.
DemocratSinceBirth
(99,710 posts)That's not his or her role.
LakeSuperiorView
(1,533 posts)If there isn't a passed CR, it could get real ugly, real fast.
Zorro
(15,740 posts)Money is moving to more stable sectors.
DemocratSinceBirth
(99,710 posts)Johnny2X2X
(19,066 posts)The Holiday week is usually light on trading and movement. Not this year, could get really ugly. I think 22,000 might be the number we see before the New Year.
Johnny2X2X
(19,066 posts)Ugh.