Dow finishes week with worst performance since 2008

https://www.marketwatch.com/story/this-brutal-stock-market-rout-mirrors-the-1987-crash-in-1-important-way-2018-12-21

https://thehill.com/policy/finance/422531-dow-suffers-worst-week-since-2008-financial-crisis

The hits just keep coming, ya'll. Are we tired of winning, yet?

so continue to not look at my investment statements until next year

Nah fam, roll that ish over to bonds for at least the next year or two. Volume is still decent, so get in where you fit in, I say. This advice is not reflective of the views of my employer.

But now is the time to purchase, right?

Trump has taken nearly all the credit for the surge in the stock market and indexes over the last 2 years, now he suddenly doesn't want to touch it. Both the Russell 2000 and NASDAQ are in bear markets with the S&P 500 right behind. Keep yelling at the fed like an inconsiderate child!

Making things look a little bleaker, Trump is looking for a way to oust his own pick for Fed. chair. Politicizing the Fed could potentially be one of the worst things he could do, or even attempting to do so could cause even more panic. Trump doesn't care about any long term outlook and clearly doesn't understand the basic fundamentals of economics other than looking at a stock ticker with an arrow pointing upwards or downwards.

@HoolaHoopMan: "Politicizing the Fed could potentially be one of the worst things he could do"

It's hard to overstate how disastrous this would be in the long term. A swift and independent Fed is our greatest economic tool. Exposing it to electoral politics likely would have resulted in the Great Recession matching the Great Depression.

@mattbbpl: Maybe doing something so disastrously will lead to people actually caring about politics.

I have zero doubt that this would not be the case. Most people don't understand monetary policy as it is, the effects would be too easy to obfuscate as the result of something else.

@mattbbpl: Journalists have a job to do...

trumps base calls them fake news so..........

@LJS9502_basic: Surely his base will diminish once he is gone from Office.

That won't change their thinking.........

So when it´s up, you claim it´s not Trump but when it´s down it´s because of Trump.

Can you figure out what you guys think?

But for the record this is and always will be out of Trump´s direct control, the market reacts to the current political situation.

i guess if you think it's the bottom

Idk, i don't have the time to try and time the market, i mainly just do monthly contributions anyways

He better not fire him. I'm counting on the Fed to bring down this house of cards.

That current political situation being a monster tax cut so that they take dividends at the end of the calendar year? Yeah, that's Trump's goddamn fault.

Must somehow be the Democrats' fault.

So then why is he taking credit for the low-unemployment rate, is it not out of his control?

@mattbbpl: Agreed. The money supply cannot be a pump and dump scam like the federal budget deficit has become. We can’t go down the rabbit hole of spend-spend-spend “print-print-print” (drastically lowering reserve requirements and interest rates) and let the next elected politician deal with the consequences.

People who scream about abolishing the fed are failing to see what the alternative looks like.

It already is.

I amazed at how little Americans know about the Federal Reserve. You figure in 12+ years of schooling they would have taught you something about it.

@Damedius: It’s the best system we have. And again what’s the alternative? Let banks set their own reserve requirements again and borrow from the government via printing press? We did that, and the reserves the banks kept to cover deposits was zero dollars.

I prefer regulating money supply via loans and RR rather than printing. Too many countries went down that path to their own ruin. And tying it to gold or silver as some sort of redline is absurd and would stifle growth.

@Baconstrip78: There is nothing inherently wrong with expansionary or contractionary fiscal policy. It just needs to be implemented under the right circumstances. Allowing elected officials to slow down the process and/or implementing what's best for their election prospects would cause a lot of harm, likely tying the chosen monetary policy to the same fiscal policy. How would things have fared if we'd implemented contractionary monetary policy when the GOP insisted on contractionary fiscal policy during 2009+ when the economy was still recovering? Probably not well.

What happened when the Fed increased the money supply and went to near zero interest rates? What has happened since the fed started to contract the money supply and increase interest rates?

Should one independent organization have that much control over the American economy(and in turn the world's economy)?

Keep telling yourself Trump lover. According to the cult of Trumpist's: The FBI, DOJ, FED's, military commanders - every department is wrong, but somehow Trump knows more than everyone else.

When I increase my wealth after the Fed finishes pulling the plug and your standard of living drops because of it, I want you to remember this.

I don't really expect it to reach the bottom quite yet. But give it a little time. Wish I had money to invest now.

Just don't sell. Hard to say whether market will continue to trend down, but if you have time, the long view is just to hold tight.

I got nothing to sell. :P

Eventually yes but before that happens the market will continue to tank. On top of that lots of companies might not survive unless they get bailed out again. Make sure whatever you intend to hold is solid.

If the Fed continues to increase interest rates and contract money supply, the stock market will continue to falter. Eventually the Fed will probably decide to lower interest rates and start printing again. It's either that or admit the system is beyond repair and reboot.

right now, energy stocks are a huge bargin for a buy.

Markets go up and down. Historically the US market has done extremely well. It's the best bet of any market. It may drop in the short term, but 10 years from now, I strongly suspect that it will be much higher than it is now. Take 2008/2009. Horrible year for the market, but if you bought every year, you'd be up a huge amount.

Or galvanize the far right and far left to overthrow our government with civil unrest.

We're so divided as a country, they're just waiting for an excuse to start incivility.

Well that is caring I guess.

Yeah I've got some money I was going to invest but...I think I will wait a bit.

lol right?

literally started investing October 2017 and I've lost everything. Was doing pretty good, too, for a noob.

Yeah I have a couple ETF's that are not doing well, but I am holding on to them. I'm actually going to buy more (just a little) while they are down. When the market starts to recover, then I will go in completely.

I mean it's been 10 years, and they say there's a recession every 10 (give or take a year or two). Standard cycle of bullshit lol but it always recovers.

Those damn lizard people, cleansing and purging us.

I hope the recover doesn't come to fast... for personal reasons.

I'm not American so it's not related to me, but again. My comment above. Everyone except Trump for you cultusts is wrong. Somehow a business man that inhereted an insane ammount of wealth, but went bankrupt tons of times is the most inteligent and godlike person to ever exist.

Yeah, I'm sure a super smart guy like you can just make out like a bandit since you can outwit the rest of us. End the Fed!

Oil Prices!

You have no historical perspective and have no idea what you are talking about. If you think the stock market has massively faltered in 2018 because of the Fed monetary policy you are totally uninformed as to the macroeconomic indicators/drivers and what they mean and how they interact.

Don't be jealous. Just because you lost your shirt.

Since you know so much. Tell us what it is happening and what is going to happen. I already made some predictions. Once you make yours, we can wait, compare in a few months and see which one of us knows what they are talking about.

You don't understand our current economic system if you don't believe what happens with the American economy and the Fed doesn't affect you.

I just have to figure out when to buy.

I think the answer is 'when the VIX is below 20' I am not sure what the number is exactly but the VIX is 'volatility' . So when its low that means most people have accepted the current reality and stopped selling or buying. that is when the 'bottom' is stabilized. Naturally google this and learn more then what I have just said

And Dow is down 600 points last night. Merry Christmas from Trump!

@nintendoboy16: I think it will rebound.

I really wish I had about $30,000 of spare cash to invest in energy stocks right now