SaysWho? Posted December 31, 2018 Share Posted December 31, 2018 "But fuck Trump, amirite? Who wants to make all this money anyway?" Quote Wall Street concluded a tumultuous 2018 on Monday as the major stock indexes posted their worst yearly performances since the financial crisis. After solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 percent and 5.6 percent, respectively, for 2018. Both indexes logged in their biggest annual losses since 2008, when they plunged 38.5 percent and 33.8 percent, respectively. The Nasdaq Composite lost 3.9 percent in 2018, its worst year in a decade, when it dropped 40 percent. The S&P 500 and Dow fell for the first time in three years, while the Nasdaq snapped a six-year winning streak. 2018 was a year fraught with volatility, characterized by record highs and sharp reversals. This year also marks the first time ever the S&P 500 posts a decline after rising in the first three quarters. Quote “The threat of an escalating trade war has chilled US business confidence, with managers uncertain as to if/how they should restructure global supply chains,” Nicholas Colas, co-founder of DataTrek Research, wrote in a note to clients. “The most bullish case here is that the tariff issue will be settled in Q1 2019, and a meaningful resolution should be enough to trigger a first half rally for stocks,” Colas added. “Against that optimistic take are two bearish outcomes: one, that these negotiations take longer and two, that they fail outright.” Quote Link to comment Share on other sites More sharing options...
osxmatt Posted December 31, 2018 Share Posted December 31, 2018 Worst December since 1931. Quote Link to comment Share on other sites More sharing options...
Jason Posted December 31, 2018 Share Posted December 31, 2018 So much new national debt. 1 Quote Link to comment Share on other sites More sharing options...
Spawn_of_Apathy Posted January 1, 2019 Share Posted January 1, 2019 But I thought this was the strongest our economy has ever been. This can't be true if this year was worse than every year Obama was President Quote Link to comment Share on other sites More sharing options...
Greatoneshere Posted January 2, 2019 Share Posted January 2, 2019 But trade wars are good, and easy to win. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted January 2, 2019 Share Posted January 2, 2019 Hey look, the GOP doesn't care about this either. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted January 2, 2019 Share Posted January 2, 2019 I appear to be down heavily in the last month, but am still above break-even on the year (thanks to 30% weight in Canadian markets I think), so I am doing okay. Sucks for anyone who is close to retirement and still had a large % invested in index funds or actual stocks, though. Quote Link to comment Share on other sites More sharing options...
PaladinSolo Posted January 3, 2019 Share Posted January 3, 2019 Guess Apple didn't do as well and is blaming the trade war with China which is dragging down other companies that do business in China in after hours trading, so easy to win, trade wars are. Quote Link to comment Share on other sites More sharing options...
mclumber1 Posted January 3, 2019 Share Posted January 3, 2019 Dow is down 580 points as of 11 am eastern. This must be because of all of those new liberal women Reps in the House now! 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted January 3, 2019 Share Posted January 3, 2019 The ISM report is what's impacting the market today. Quote Link to comment Share on other sites More sharing options...
Jason Posted January 3, 2019 Share Posted January 3, 2019 wut 1 Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted January 3, 2019 Share Posted January 3, 2019 My job making me angry makes me hurt you. Stop crying. Quote Link to comment Share on other sites More sharing options...
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