Dow sinks 800 points as trade truce enthusiasm fades

[orangecrush]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: CNN

New York (CNN Business) That was fast. Wall Street's enthusiasm for the US-China trade truce has completely vanished.

The Dow dropped as much as 805 points, or 3%, on Tuesday. It was recently down about 700 points.

...

Big tech stocks fell sharply. Apple (AAPL), Amazon (AMZN) and Alphabet (GOOGL) lost more than 3% apiece.

The selloff wipes out Monday's 288-point jump on the Dow. That rally had been fueled by relief over the ceasefire between the United States and China on the trade front.

Read more: https://www.google.com/amp/s/amp.cnn.com/cnn/2018/12/04/investing/stock-market-today-dow-jones/index.html

[Turbineguy]

1. It's the way markets should respond to trumps bullshit tweets.

[orangecrush]

14. Agree 100%

[C Moon]

2. ...

[orangecrush]

12. Yup!

[PoindexterOglethorpe]

3. Meanwhile, it's still up over the last five days,

last month, last six months, last year.

The market goes up, it goes down. I almost never see anyone post here when the market is up several hundred points, only when it goes down.

And in the long run, stocks are a solid investment. Especially a diversified portfolio.

[leftynyc]

7. It's only up less than 200 for the entire year

Normally you would be correct but the volatility of this market is a direct result of the imbecile in the oval office. Today's sell off was largely due to his retarded tweet this morning.

[LanternWaste]

10. Read more posts...

"I almost never see anyone post here when the market is up several hundred points, only when it goes down..."

Read more posts. Market gains get plenty of attention on DU, from the cries of "it's a bubble!" to the lauding of one's personal 401k.

[Watchfoxheadexplodes]

4. One fox business reporter laid it at trumps mr tarrif

Comment

Host

Thank you for that reporting we will be right back.

[orangecrush]

15. Now looking for new job!

[Cirque du So-What]

5. Markets don't respond well

to trade deals that are nothing more than figments from the fevered imagination of a lying sack of shit.

[orangecrush]

17. Ding! Ding! Ding!

[BumRushDaShow]

6. Down 807 now. Edit now down 787. Edit again - down 799 @ close.

[Yavin4]

8. Let me save everyone some time.

The markets are going to be volatile at the very least for the foreseeable future. Why? It's been propped up by Fed stimulus, tax cuts, and buy backs. Once the sugar high wears off, we'll be in a bear market for some time to come.

If you cannot handle the volatility, cash out and wait out the storm.

[BeatStanford]

11. Yeah, I'm shorting the indices

Scaled at 60%-80% of present price for my strikes and scaled 18-36 months. The longer term settles are esoteric and carry a huge premium, but I feel good about them.

Any thoughts Yavin?

[Yavin4]

13. I'm going with a plain-jane-lorraine savings account

which has out-performed the markets this year. I still have some exposure to the markets but for 2019, I'm sitting on cash. I'll come back when the world returns to normal, whatever normal is.

[House of Roberts]

19. Better sit on foreign cash.

Pounds, euros, even rubles would be better than dollars at this time.

[Yavin4]

20. Nah. The USD is still the safest currency on the planet despite Trump.

If that goes, we're in Mad Max world.

[House of Roberts]

21. I wish I believed that.

Our debt is too high, and the wealthy are just itching for hyper inflation to devalue assets in this country so they can own it all for next to nothing.

[Yavin4]

24. Again despite Trump, America is seen as the most stable nation on the planet

Debt does not matter, and the Fed is tackling that with higher rates.

[Achilleaze]

9. #TrumpSlump (R)

republican lies are dangerous
republican lies are dangerous
republican lies are dangerous

[orangecrush]

18. Truth

[Honeycombe8]

28. Yep. nt

[House of Roberts]

16. Uh, inverted yield curve?

Makes more sense than anything else.

[Kurt V.]

22. if you're making investment decisions

based on tRump tweets...maybe that's on you.

[Raven]

23. This monster is going to whipe out a lot of seniors' retirement

savings and the older they are, the worse off they're going to be.

[elmac]

25. Just a rough patch, time to get a truck load of stocks

I'm kidding!!! run, run for your liiiiiives……

[Gothmog]

26. From the Hoarse Whisperer

Link to tweet

[Honeycombe8]

27. Painful day. nt

[Omaha Steve]

29. After a review by forum hosts...locking.

Not enough new info to be an update. It is a dupe of : https://www.democraticunderground.com/10142216048

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