Dow Plunges 650 Points

[Guno צְבִי]

Wuhan reported a surprise spike in new coronavirus cases on Thursday, dashing some hopes of containment in the outbreak's epicenter.


The Dow Jones Industrial Average (DJIA) soared to its second-largest points gain in history yesterday. But the momentum fizzled out overnight and the U.S. stock market opened to brutal losses.

https://www.ccn.com/dow-plunge-500-points-on-scary-new-report-from-wuhan/

 

[Noking]

Wuhan reported a surprise spike in new coronavirus cases on Thursday, dashing some hopes of containment in the outbreak's epicenter.


The Dow Jones Industrial Average (DJIA) soared to its second-largest points gain in history yesterday. But the momentum fizzled out overnight and the U.S. stock market opened to brutal losses.

https://www.ccn.com/dow-plunge-500-points-on-scary-new-report-from-wuhan/

As you can see the economy is on thin ice.

 

[jimmymccready]

Almost a 1000 points down

 

[Guno צְבִי]

Almost a 1000 points down

recession coming

 

[Text Drivers are Killers]

I've never seen a week with such huge ups and downs!!!. OTOT the gold and silver sector has done very well all week.

 

[Text Drivers are Killers]

recession coming

More like depression. Maybe catastrophe. Covid is the catalyst not the cause. The world monetary system has been a nightmare for decades.

 

[LV426]

This has ceased being a fun experiment of looking at how the Dow performs under Trump, and is now crossing into "Oh fuck, a collapse is definitely coming".

 

[Legion]

Now it's "Trump's economy" again?

 

[LV426]

Since the start of the Russia Tax Cut on 1/2/18, the DJIA has grown at its slowest pace in 10 years.

DJIA 1/2/18: 24,824
DJIA today: 26,195
+1,371
+5.5% over 25 months = 0.2% growth per month

That is the worst performance since the Great Bush Recession.

 

[jimmymccready]

Hospitality, entertainment, and travel are taking huge hits world wide.

Health and pharma industries are doing well and gaining.

 

[Nordberg]

Now it's "Trump's economy" again?

Of course. He has bled on it for 3 years. Obama left trump a vibrant and growing economy which was reflected in the Dow. Trump took credit for the Dow climb claiming it was all about him. Trump embraced it. Now you are weaseling as normal. How dishonest can you be? This last week you are chart busting.

 

[Legion]

Of course.

Thanks for confessing that your changing attributions are politically-motivated.

 

[Superfreak]

Of course. He has bled on it for 3 years. Obama left trump a vibrant and growing economy which was reflected in the Dow. Trump took credit for the Dow climb claiming it was all about him. Trump embraced it. Now you are weaseling as normal. How dishonest can you be? This last week you are chart busting.

No, Obama did no such thing.

 

[Teflon Don]

Now it's "Trump's economy" again?

Hard to keep track isn’t it?

 

[Legion]

Hard to keep track isn’t it?

No, it's simple. Market up? DEMOCRATS scream, "It's because of something Obama did years ago"! Market down? DEMOCRATS scream "It's Trump's fault"!

 

[Teflon Don]

No, it's simple. Market up? DEMOCRATS scream, "It's because of something Obama did years ago"! Market down? DEMOCRATS scream "It's Trump's fault"!

Indeed

 

[Guno צְבִי]

now

Dow craters more than 1,000 points, erasing most of Wednesday’s rebound

−1,088.95 down (4.02%)

 

[Truth Detector]

 

[Nordberg]

No, Obama did no such thing.

Oh well the facts just drowned in the right-wing cesspool. just deny, it works on low information rightys. Forget the truth and facts. Just lie and swear to it.

 

[cawacko]

Oh well the facts just drowned in the right-wing cesspool. just deny, it works on low information rightys. Forget the truth and facts. Just lie and swear to it.

Don't call others low information when you make comments like this:

""Obama left trump a vibrant and growing economy which was reflected in the Dow""


The Dow is not the economy. We've had a prolonged expansion but nonetheless it's been the weakest recovery in the Post WWII era. The Dow soared because of the Fed; low interest rates and three rounds of QE. As far as the economy we had 2.9% GDP growth in 2015 and 1.6% growth in 2016. 1.6% growth is still technically growth but year over year it certainly isn't.

Those are "truths and facts" for you Nordberg.