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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsStocks in the U.S. Close Worst Year Since 2008
https://slate.com/news-and-politics/2018/12/stocks-made-solid-gains-on-new-years-eve-but-they-were-not-enough-to-reverse-the-big-picture.htmlThe Slatest
Stocks in the U.S. Close Worst Year Since 2008
By Daniel Politi
Dec 31, 2018
6:21 PM
Wall Street enjoyed some solid gains on New Years Eve but the day of low-volume trading was certainly not enough to reverse the trend: 2018 was the worst year for U.S. stocks since 2008. That is notable considering that 2008 was the height of the financial crisis. The year looked promising for a bit but in the end uncertainty about everything from tariffs, interest rates, and shrinking profits suddenly moved stocks to sell territory.
The S&P 500 index ended 2018 with a loss of 6.2 percent while the Dow Jones Industrial Average decreased 5.6 percent and the Nasdaq composite narrowed 3.9 percent. Although things were already looking bad, December was the month when stocks really took a dive. The S&P 500, for example, suffered the worst December since the Great Depression. The United States was hardly alone as European markets also suffered steep losses.
Investors got complacent, Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta, tells Reuters. People were positioned for the lack of volatility, and when that changed because of trade concerns and interest rates, people started repositioning and that started the cascade. At the end of the day, things werent that volatile in the markets, argues Bloomberg, but rather things have been so calm lately that it shook many investors. This has really been a challenging year for investors, said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management. This was really the year that market volatility returned with a vengeance.
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Stocks in the U.S. Close Worst Year Since 2008 (Original Post)
babylonsister
Dec 2018
OP
El Supremo
(20,365 posts)1. The Dow closed up 25.1% for 2017.
It' all about the long term, sister.
Hoyt
(54,770 posts)2. By itself, probably not a big deal. But if it continues into 2019, trump will get blamed and
wont be able to hide from results of his economic policies like ill advised tax cuts, tariffs, reneging on trade deals, etc.
aaaaaa5a
(4,667 posts)3. It took Trump two years but he is finally
Destroying the economy Obama handed to him.