The Dow is down nearly 700 points.

[DemocratSinceBirth]

I expected thing to unwind but not this rapidly. I feel bad for small investors.

[rzemanfl]

1. Do you feel bad for poor people losing money in casinos and at the track?

I do. Same thing.

[DemocratSinceBirth]

3. I feel bad for anybody, well almost anybody, who loses money.

[CreekDog]

13. investments aren't gambling and tons of ordinary people have their retirement savings in the market

because there’s little alternative as pensions have gone by the wayside.

[rzemanfl]

17. When the so-called President is calling his buddies late at night

and tweeting about things he says he's gonna do, making "investments" is gambling in a rigged game. The U.S.A. is kleptocracy these days.

[Mosby]

15. Hardly.

[Achilleaze]

2. republicans driving America into the freaking ditch

Last edited Thu Dec 20, 2018, 03:46 PM - Edit history (1)

[workinclasszero]

11. Its what republicans do...every time

But racist, misogynist idiots keep right on electing them anyway because Fox & Friends.

[global1]

4. Merry Christmas!!!!! ..... nt

[Wellstone ruled]

5. We are headed for 800

two hours to go.

[SWBTATTReg]

6. the TRUMP SLUMP continues! People are realizing what he is all about now. Running to the ...

exits as fast as they can, so they won't get caught in the stock / real market bloodbath to come. It's been over 10 years w/ this latest economic cycle. What goes up, must come down, eh?

[D_Master81]

7. please stop with the gambling comparisons

people who game the system and find loopholes in the tax code I'm all for demonizing those people, but to compare investing to going and betting at the track or playing slots or table games at the casino is ridiculous. If someone does even a minor amount of research you find that the stock market isnt really gambling if you know what you're doing. I have owned several mutual funds since 2005 and only 2 of those years did they go down in value. 2 out of 13. If you look over the last 70+ years the stock market has averaged between 5-10% gains per year. The people who want to call it gambling only notice when it goes down. For instance my funds went up 26% last year at 29% in 2013. In between it was usually around 2% gains and this year its down about 1%. Average that all out and I believe thats around 12% over the last 6 years. Many people have money in the market through work 401Ks or through Vanguard type funds. To me anymore you almost have to b/c savings rates and cds are usually below 2% with inflation topping that, if you're just sitting on money in a bank you're actually going backwards.

[DemocratSinceBirth]

12. Is that to me ? Poster One campared the equities markets to casinos, not me.

[rzemanfl]

18. Were you around when large CD's paid 12% and home mortgages were 16%

if you could find one? People couldn't sell their homes. There are things the average person isn't privy to. The fat cat part of the Republican party always seems to be in the know.

[VOX]

8. CNN Business: "Stocks are having the worst December since the Great Depression"

Stocks are having the worst December since the Great Depression
https://www.cnn.com/videos/business/2018/12/18/stocks-worst-december-great-depression.cnn-business

The Dow is down 7.8% and the S&P 500 is down 7.6% this month. That's the worst December performance since 1931.
Source: CNN Business

[workinclasszero]

9. I bet the wall street hustlers don't approve of the coming Trump/GOP govt shutdown

See what happens when you elect demagogue criminals, Wall Street?

#TRUMPSLUMP

[MineralMan]

10. Sadly, there's no good news that might encourage a recovery today.

I expect it to be down 800+ by the close of the market today.

[Bucky]

14. This is mostly about the Fed tightening the money supply

They're thinking there's gonna be a recession in the next year or so and they're trying to buy some wiggle room to lower rates once the correction hits Wall Street. Despite the meager profitability of the big tech stocks and the slackening housing market, unemployment is historically low and yet still not producing inflation.

Everybody's bracing for the downturn (it was inevitable, but Trump's stupid trade wars with China and Canada and threats of the same with Europe will have a multiplier effect on the strength of the recession). So about a third of the big corporate tax cut went into buying back stocked (which was stupid since it triggered this stock price downturn) or went into ready cash so they could weather the storm.

Once that recession hits, the Fed wants to be able to lower interest rates so they can hasten the trip to recovery. It's smart management (like slowing down as you enter a curve in the road so you can speed up when you come out of it. But the real problem is still about why arent we getting normal inflation growth with such a welcoming job market? I think it's the lack of growing consumer power. If there's less than 4% unemployed, the housing market should be growing, not losing price. Either we've overbuilt or the jobs people are getting are mostly crap. Or both.

[Guppy]

16. I sold two houses last year

and i am liquid. I am so glad I did that.