Market gains for 2018 wiped out by plunging stocks

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The stock market slid dramatically after a slew of corporate earnings misses dragged down the Dow and the S&P 500, erasing all gains for 2018.

 

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davidfrum Gee, that's too bad. If all of the Fed chairpersons, and most of their board members, didn't hold Council on Foreign Relations membership, this wouldn't be happening! Cc POTUS

5 of the 10 biggest Dow one-day point drops in history have been in 2018. realDonaldTrump is destroying the American economy, along with its world-image & super-power status. I don't know how anyone can defend this still. StockMarket

Well, Mr. President?

davidfrum Soooo much winning! 🙄

davidfrum TrumpStockMarket MAGA

It was due to social media and technology stocks they need to get it together

the prez is a menace in many ways, in both domestic and foreign affairs. He cannot do anything 'straight up', thus every has an accompanying 'recoil'. CNN CNBC MSNBC washingtonpost nytimes latimes chicagotribune USATODAY cnni CNNBusiness ABC

Markets in red for the year. Thanks, illegitimate potus. Between disastrous trade wars, basic lack of economic sense, scum GOP taxscam, stocks are tanking. What’s next, weakling realdonaldtrump? A war to prop up the soon-to-be catastrophic economy?

davidfrum I can understand soldiers and police officers having a flag sown into their uniforms. But why do stockbrokers have one as well? And I'd ask that of any country's flag sown into their stockbrokers' jackets. So no disrespect to the US.

davidfrum Oh oh.

davidfrum Well, I wouldn't say ALL gains. My S&P 500 mutual fund has made $17.47 this year.

davidfrum Wonder how the Trumpkins now feel about their Clown Prince, Donald Trump? -Backs MbS and Putin -Roils markets with uncertainty -Harms farmers -Renegotiates NAFTA to what TPP would have brought -Opens Chinese econ hegemony in Pacific -Can't run on budget busting tax cut

davidfrum How's them tariffs working out?

'Apple consumers not snapping up the latest iPhones' ... Apple could sell me and my wife new iPhones if they had headphone jacks on them. We're on our 6S phones until that comes back or we give up waiting and switch to Android (probably the more likely thing to happen).

TheSuperNupe B_REInvest

davidfrum Thank you, realDonaldTrump

Perhaps the presidents tariffs announced last March are starting to negatively effect America corporations. Blaming democrats as the president did before the election is ridiculous and partisan.

Maybe someone should have raked it first. 🤷🏻‍♀️

Trumps honey boo-boo economics coming home to roost. It doesn’t really feel like America is greater today than it was a year ago.

Can’t blame Trump, he only takes credit when something looks good. He’ll blame the Democrats coming in January

And so.... it begins. Next up... housing bubble.

Winning

recession billmaher hwmnylx69

:(

😂😂😂😂😂

...Let the Gaslighting Begin!!!

“Sure Trump does illegal and morally repugnant things every day, but check out that humming economy!”

Well, we know who's NOT at fault right?

Thank you Democrats for coming in

Huh, almost like chickens are coming home to roost

It's just going in the same direction as American morals... No big deal...

If it's fair to credit Trump with the gains, it's fair to blame him for the losses.

You guys tired of winning?

Thanks DemocRATS...

Democrats win the House and.....

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How the stock market’s 2018 performance ‘rhymes’ with 1994, in one chartThere are enough similarities between 1994 and 2018 to give investors some insights into how markets might behave in 2019, says Canaccord Genuity’s Tony Dwyer. I would not place much weight on this week's action. Volume are low, the big institutions have pretty much through trading for the year. Expect the market to move downward and even perhaps get oversold short term. Next year fundamentals do not look very good at all. Harvest time for investors
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