Trump Economy in YO-YO Decline -600+ Stock Market Today: November 12, 2018

[mitty14u2]

After The Close - Stocks opened lower this morning, and weakened further as the session progressed. Ultimately, the bulls and bargain hunters remained on the sidelines, making it difficult for the major averages to rebound.

At the close of the session, the Dow Jones Industrial Average was down 602 points; the broader S&P 500 Index was off 55 points; and the technology-heavy NASDAQ was lower by 206 points (nearly a 3% drop). Market breadth showed broad based selling, as declining issues outpaced advancers by a roughly 2 to 1 margin on the NYSE.

Most of the major equity market sectors declined, with steep losses in the technology names. Specifically, shares of Apple (AAPL – Free Apple Stock Report) slipped following investor concerns regarding its business outlook. In contrast, the defensive utilities managed to stage a slight advance.

http://www.valueline.com/Markets/Daily_Updates/Stock_Market_Today__November_12,_2018.aspx#.W-pE_5NKhME

[Johnny2X2X]

1. It's going to get wild

Trump has convinced himself he was responsible for the good economy. It’s about to get crazy when the economy heads south and Trump can’t run away from it because he owned it for so long.

[Adrahil]

2. Moved my daughters college fund out of stocks last month....

The market is struggling and I think it's found its top. At the least, I expect a market stagnation and honestly expect a declining market in a run up to a recession.