The Dow is now back down to where it was on January 1st.

[scheming daemons]

Basically, all gains from 2018 have been wiped out.


This is starting to look like 2007-2008 redux.

[jcgoldie]

1. If its going to happen...

...might as well be on the eve of the election.

[Tom Rinaldo]

4. My sentiments exactly n/t

[mtnsnake]

13. Same here. n/t

[ck4829]

2. Good. The Dow can take a long walk on a short pier

I had to drop out of school a long time before this happened to the Dow.

I was going to bed hungry when the Dow was at it's glorious all-time high.

[CountAllVotes]

19. Don't feel alone!

So many others are in this same boat!

Not everyone has a porn queen for a wife and is hooked up with the KGB!

Hope thing get better for you soon!

[njhoneybadger]

3. Dumped 2000pt in three weeks

[uponit7771]

12. That's nearing 10%, hmmmmm

[beachbum bob]

5. its possible that this begins a real correction, Caterpillar blamed poor earnings on Trump's tariffs

the first real acknowledgment of tariffs on profits, CAT stock taking a beating

[RHMerriman]

6. Follow the money....

straight to the free traders.

This is actually significant to the people who buy and sell politics in the US.

[RussBLib]

7. it's a "Goldilocks" economy

So says several analysts on CNBC. Goldilocks for WHO?! The rich? Large companies? Perhaps. But certainly not for the little guy.

And Trump voters run their mouths about all the extra thousands they are seeing in their paychecks. Bullshit! People are not going to see the effect of the Dec 2017 tax cuts until they file taxes in 2019. So they are lying just like their Liar-in-Chief. If Trump lies about everything, why can't they?

My portfolio is down BIG. We are down over $100,000 since the beginning of the year. Goldilocks? Just more lies, lies, lies.

[Bengus81]

8. IT's going to be another Bush.IDIOT meltdown......

The same plan is in effect,big ass tax cuts for the rich and Corporations which can't be sustained. Now Spanky claims the middle class will get 10%. Maybe by middle class he means peeps making about $400k and up per year.

[CountAllVotes]

9. You get what you pay for

Gambling is not a great idea when it involves every cent you've got.

I had a stock broker knocking on my door last night at 7:00 pm! I kid you not! He was pushing CDs at 3%.





Good luck if you are in this risky risky game. You need it!

[A HERETIC I AM]

11. I'm curious about these CD's

3% isn’t bad, better than most others available

Were they long term?

A door to door broker makes want to bet he was with Edward Jones

[uponit7771]

14. +1, and once you find out they're real folk jump out of equities

[CountAllVotes]

16. Yes that is who it was

He had them for 2 years. I didn't bite.

I can get better deals elsewhere but I have no $ to invest!

I guess they are getting desperate!

He knows I have MY IRA and he knows I have not done anything with the rest of it (which comes due in Jan. of 2019).

Still, the timing was too weird! After dinner??

Hard-up IMO, very!

[peekaloo]

10. But but but this was supposed to happen when the Dems took over!

All those beautiful 401k's said Hair Furor.

[uponit7771]

15. He'll just say Dems have already taken over and that's why the Dow is crashing ....

... and his dumbass minions will repeat it and Chuck Todd will make sure to say Democrats don't too

[ffr]

17. Deficit spending to gloss over an economy that doesn't work proportionately for everyone

is catching up. Flat wages or wages that fall behind inflation, meanwhile blue collar middle class workers are asked to be more productive while corporate profits keep rising and CEO bonuses are through the roof.

Enough.

Vote them out!

[mtnsnake]

18. Apologies to any major stock holders in DU, but

if this is what it take to get some of the "Trump's economy is booming" idiots to start waking up, and if a stock market crash is what it takes to actually SAVE this country from Trump and the GOP, then I hope the market continues to tumble for at least another two weeks. Even if it wipes out the little bit of money my wife and I have invested in stocks, it will be well worth it in the long run to see it crash under Trump. Plus, now I don't have to listen to a couple very annoying "friends" who have been constantly bragging how much easy money they were making every day when stocks were rising.

[Hortensis]

20. I agree. Another 2 weeks of alarming volatility, PLEASE.

As for wiping out, very few stocks do, and those were almost always very risky anyway. Stocks regain their value over time and then more, just not necessarily the temporary highest inflated value people very humanly tend to imagine they've lost, but that's only real money for those who actually sold at those prices.

[ooky]

21. It has yo-yo'd between 23,XXXK and 26,XXXK all year

as if it is being manipulated.

I think I will buy more index funds as soon as it drops into the 23K's again and sell once it hits 26K.