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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 25, 2018 3:20 pm 
Bishop

Joined: Fri Mar 09, 2018 5:45 pm
Posts: 487
All the wealth created over the past 7 months has been effectively wiped out, and the decline began right after Trump's tax legislation was passed. Quite literally the exact opposite of what was said would happen, has happened.

As far as bragging about Obama's stock market performance, I guess you can do that if you want. The DOW was at 7,384 on March 1, 2009 after his first month in office. Eight years later it nearly tripled to 20,680 on March 1, 2017.

The market had risen over 33% in 2017 coming off of Obama's amazing recovery, but just six months of Trump policies has already knocked that down to just an 18% increase over the past 16 months. But that's what happens when you elect an economic illiterate. Don't be surprise if we see another collapse about August.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Mon Jun 25, 2018 4:23 pm 
God

Joined: Wed Oct 25, 2006 2:12 am
Posts: 6066
Location: Arizona
Quote:
Stocks kicked off the week on a sour note Monday as Wall Street braced for more actions against Chinese companies by the Trump administration.

The Dow Jones Industrial Average dropped 328.09 points to close at 24,252.80, with Boeing and Intel among the biggest decliners in the index. The 30-stock index also closed below its 200-day moving average, a key technical level, for the first time since June 2016.

The Dow rebounded slightly in the final hour of trading after Peter Navarro, a top trade adviser to President Donald Trump, said on CNBC that investment restrictions against China and other countries are not immediately forthcoming and that the market was overreacting.

“He basically said ‘hey guys, it's Trump playing the ‘Art of the Deal’ with China,” said Scott Redler of T3Live.com.

The S&P 500 fell 1.4 percent to 2,717.07 — posting its worst day since April 6, when it fell 2.19 percent — as tech declined 2.3 percent. Five of the 11 S&P 500 sectors also closed in correction, or down at least 10 percent from their 52-week high. The Nasdaq composite pulled back 2.1 percent to close at 7,532.01 as Netflix dropped 6.5 percent to lead the FANGs lower.

Harley-Davidson shares fell about 6 percent after the company announced it will shift production of motorcycles headed for Europe to factories outside the U.S. The company sold nearly 40,000 bikes to the European Union, second only to the U.S.


https://www.cnbc.com/2018/06/25/us-stoc ... stors.html

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Wed Jun 27, 2018 3:21 pm 
Bishop

Joined: Fri Mar 09, 2018 5:45 pm
Posts: 487
Down -165 to 24,117.59.

Basically where we were last November.

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 Post subject: Re: Dow is currently in a freefall
PostPosted: Fri Jul 20, 2018 2:50 pm 
God

Joined: Wed Oct 25, 2006 2:12 am
Posts: 6066
Location: Arizona
subgenius wrote:
25,013.29
▲ 298.20 (1.21%)

With about two months from this post, the Dow is only slightly higher now from then.

Quote:
The S&P 500 slipped 0.1 percent to 2,801.83, with real estate and utilities lagging. The Dow Jones Industrial Average fell just 6.38 points to 25,058.12 as losses in IBM offset gains in Microsoft. The Nasdaq Composite declined 0.1 percent to close at 7,820.20.

For the week, the S&P 500 and Nasdaq closed slightly lower while the Dow rose 0.1 percent to post its first three-week winning streak since January.


https://www.cnbc.com/2018/07/20/us-mark ... nings.html

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