The Dow tumbles another 372 points

It is now down for the year.

5 thoughts on “The Dow tumbles another 372 points

  1. Does anyone else see – despite all the indicators that might explain such a drop (an ‘adjustment’, the stock managers call it) that this sudden drop is occurring right before the Democrats take over the house in January?|

    Just sayin’…

    1. Quite possibly, but the Tariffs are bargaining chips, as we found out earlier this week when the Chinese capitulated.

      The stock market has always plummeted after a Presidential election, but with Trump, it didn’t, it stayed steady and even began rising. Now, however, the Democrats are about to take power in the house and the market is dropping. Could it be that investors are taking safer positions because they know what the Dems are going to do?

      I really don’t know for sure what the arrest of that Huawei (sp?) chick will mean, but I think China is not stupid and they aren’t going to do anything drastic.

      1. I don’t think the Chinese capitulated on anything. Trump just said they did. He said that once before about China and he also said that about North Korea.

        I know this will come as a shock to you: Trump is a liar.

  2. Clearly Trump’s rendition of “I’m a tariff man” had a lot to do with it. Just as the market had baked in the idea that there could be a China trade deal, Trump pulled the rug out from the market. Arresting the CFO of Huawei clearly didn’t help restore confidence. But I think a large part of the reason the stock market is losing steam generally is ironically because the economy is doing so well. All through the Obama administration the Fed was trying to goose the economy with 0% interest rates and easy money. This meant that anyone that wanted the chance at any real return on an investment had to put there money in the stock market because interest rates were so low. As interest rates tick up investors worry that stock prices will fall as alternative investments become viable. In other words, people have places other than the stock market to put their money.

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