Dow down 1500 points

[ex-khobar Andy]

Or 6%. This at 213 PM Central. We are in for a rocky ride today. Five minutes later it's down by only 1100. This will not end well.

[Scooter]

It's Obama's fault.

[Crackpot]

No this one is all Muller

[Lord Jim]

I'm thinkin' Hillary...

[Crackpot]

It’s really the immigrants fault.

[ex-khobar Andy]

1175 down at the close. I didn't know until I looked it up that the Toronto exchange was already down by 3% or so this year. I can't get numbers off the TSX site so not sure what is going on today.

Of course with Trumpian logic, that will be to his credit. If the Canadian markets go down it will be because he has withdrawn from Nafta and thus transferred all the suffering to Canada and Mexico, and because he is managing the US economy so much better than those commies north of the 49th parallel; and if the Canadian markets go up, it will be evidence that he is making the tides rise and everyone else goes up with it.

[Lord Jim]

It’s really the immigrants fault.

That's probably right...

Well I remember when Fearless Leader warned us:

"They're rapists...they're killers...they're bringing sell orders"...

[Long Run]

A necessary correction. One of the interesting things about the market in the last year is its relative stability (there were far fewer large ups and downs than in most prior years), amid the mercurial goings on in the capital.

[Scooter]

1175 down at the close. I didn't know until I looked it up that the Toronto exchange was already down by 3% or so this year. I can't get numbers off the TSX site so not sure what is going on today.

The TSX is down 1.74% today. I'm not sure how far it's down this year, haven't been keeping track.

[Econoline]

[RayThom]

I'd like to think this drop is due to the release of the Nunes dossier.

That sound so much better than accepting it as a periodic market adjustment, and stocks will be back to higher levels sooner than later. In the meantime you'll not hear a peep out of Lord Dampnut regarding the DJIA.

Regardless, I'm in the 46% who no longer maintains, or never had, a stock portfolio. I'll start to sweat when my SSA income is effected.

[ex-khobar Andy]

DJIA up around 50 to 100 so far today. I predict it will be down by a smallish amount (200 to 300) by the end of the day.

Mnuchin and others are saying that the fundamentals of the economy are strong. In an overall sense I agree especially in the context of the last 20 years. But what Trump and his minions will never agree to is that those fundamentals were strengthened by W Clinton's focus on the deficit (and the Republican-led House helped here) and Obama rescuing the economy (and I did not agree with the auto industry bailout at the time but it was probably the best decision available). In the same way that I (treasonously) would have sat on my hands during much of the STFU speech - if the point about (say) black unemployment being at its lowest for XX years had been made as part of a general statement that things were not too bad I might have applauded. But because he made such points as being All about me!!!! I would not have.

DJIA now negative 115 for the day in the 15 minutes or so it has taken me to type this.

[ex-khobar Andy]

DJIA up around 50 to 100 so far today. I predict it will be down by a smallish amount (200 to 300) by the end of the day.

OK up 560. This is why you should never take stock advice from random people on the internet such as me.

I should tell you about the one time I have bought stocks by myself as opposed to leaving my money with an advisor who allegedly works on my behalf with his superior knowledge. My neighbor across the street worked for Computer Task Group who got a lot of Y2K work. Their stock was around $25 and he told me it was going to $50. I watched him trade in his Subaru for a Lincoln Navigator. I watched him trade up to a much bigger house a sub-division over. I watched him get a hair transplant. (Well OK I wasn't there for it but I saw the results. Looks painful.) OK I was ready so I spent $3000 on 100 shares which were now at $30 apiece. And I watched them go up to $35 $40 $45 - I've hit a home run here. When it gets to $50 I will sell! I am a stable genius! They hit $48. Then $45 $40 $30 $20 $10 all the way down to $2 each. And I watched them all the way down.

Once again: do not take stock advice from me. You have been warned.

[RayThom]

UP at closing: 567.02 (2.33%)

[Burning Petard]

But the major markets in Europe and Asia finished the day down. The Dow Jones was still down at the end of today, compared to last Thursday.

snailgate.

[rubato]

If I didn't have nearly everything in equities already I would have bought on Tues. Index funds! Low fees and over the time intervals I care about, 10 years+, very dependable performance. I never buy individual stocks except for my ex-employer who matched our 401 ks with their stock. And nearly every year I moved money out of it so it was (is) only 4% of the total. I don't buy individual stocks because: 1. I don't know enough to do that and 2. don't want to expend that much time and effort thinking about money and 3. the person who started Fidelity (John Bogle) proved that index funds outperform 75% of professional money managers and 4. Warren Buffet agrees with him.

yrs,
rubato

[RayThom]

... 3. the person who started Fidelity (John Bogle) proved that index funds outperform 75% of professional money managers... yrs, rubato

Fidelity was founded by my ex-boss, Ned Johnson. John Bogle founded Vanguard.

At the closing bell today: DJIA = Down -19.42 -0.08%

[BoSoxGal]

Some guy on FOX News was saying this bear market is going to stay in place for a while and he thinks the DJIA could ultimately drop 50%, that the market has been way over valued.

I don’t have stock in the stock market. I wanted to buy $1000 worth of Apple shares in 1996 when Steve Jobs returned, just because I really loved Apple everything. They were not quite $4/share then - but I didn’t know anything about how to buy stocks (this was before e*trade) and so I didn’t get it done and that’s $96,500 income at their high of $386 that I’ll never realize from a great idea I didn’t follow through on. If I had I’m pretty sure the iPod would’ve been an exploding safety hazard instead of the greatest thing since sliced bread - I’m just unlucky that way.

My retirement plan is to die before I retire.

[RayThom]

... My retirement plan is to die before I retire.

Is your illness that bad? I truly believe a slow suicide is highly probable if you wish hard enough for it. It's your life, not mine. I won't say I don't care, I do, but I'll be the last person to preach the upside or downside, of your choice.

Many people in my support groups along the way are now dead. I suspect many just gave up knowing the progressive and chronic nature of their disease. As for me, I wake up every morning and I'm happy to see my reflection in the mirror. That, and knowing how devastated my daughter would be if I leave too soon keeps me going. On day at a time has turned into over two decades. Life, for me, is good. I'd like you to reassess yours more closely.

[BoSoxGal]

Thank you for your concern, RT, that was very kindly of you!

But rest assured, I was not being morose - it was meant tongue-in-cheek. My chronic illness does generally shorten the lifespan some, but every case is different.