US Stocks on track for worst December since the Great Depression

[Chinese-Dragon]

https://edition.cnn.com/2018/12/18/investing/stocks-worst-december-since-great-depression/index.html

New York (CNN Business) Few people on Wall Street remember the last time the stock market had this tough of a December. That's because the Dow and S&P 500 are currently on track for their biggest December loss since the Great Depression.

The Dow and S&P 500 were each down about 7.8% through Monday. That's the largest drop for each key market barometer since 1931, according to data from LPL Research.

Still, the December 2018 swoon is making investors nervous that earnings growth may have peaked this year. They're worried that the economy could slow in 2019 because of continued trade tensions with China and rate hikes by the Federal Reserve.

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According to Trump, the Federal Reserve does not understand "necessary trade wars":

https://twitter.com/i/web/status/1077231267559755776

 

[Chinese-Dragon]

@TaiShang

Trump must be getting upset, he is descending back into golf metaphors.

 

[Rafi]

@TaiShang

Trump must be getting upset, he is descending back into golf metaphors.

At the time of China again becoming a global power, you are so lucky to have this buffoon in charge of the US.

 

[Chinese-Dragon]

At the time of China again becoming a global power, you are so lucky to have this buffoon in charge of the US.

Donald Trump may behave like a buffoon but he is a genius. He is systematically destroying any respect or goodwill towards America, to the point where the entire world was openly laughing at the USA in the United Nations. Which has never happened to any country before.

Trump is a genius, the only problem is that his efforts are directed to ensuring his own family's economic and political prospects. He doesn't really care if he destroys the USA in the process.

 

[maximuswarrior]

Government shutdown, trade tensions and now this. It doesn't look like a jolly Christmas for the White House.

 

[Jlaw]

Trump for 2020

 

[oprih]

Lmao so good! Keep crashing america.

 

[xyxmt]

What about Trump's gauge of measuring his success was rising stock market earlier this year

 

[52051]

The US stock market has far far more importance to its citizen's everyday lives and economy as a whole since a very large proportion of their government funds and retirement plans are tied to it.

This is quite different than the stock market in China, which is basically a casino with only hot money, and have almost little to no impact to the economy or people's wealth.

The real counterpart of the US stock market to China is China's real estate market, just imagining if China's house market drop 25% of its value in 1 month, and you get the picture of the US economy situtation.

Dotard need to surrender now to China before it is too late

 

[ARMalik]

Nothing to do with Trump or anything else. There are much deeper underlying issues with US stock market. The most important issue is the is over-inflated assets due to cheap credit. The US stock market has fallen 15% in the last 3 months. At this stage this appears to be a 'Correction' rather than a 'Meltdown'.

I predict that the US stock market will pick up in 2019 and will go all the way upto 30,000 points. Then the bubble will pop and the market will loose approximately 40%.

 

[Chinese-Dragon]

Nothing to do with Trump or anything else. There are much deeper underlying issues with US stock market. The most important issue is the is over-inflated assets due to cheap credit. The US stock market has fallen 15% in the last 3 months. At this stage this appears to be a 'Correction' rather than a 'Meltdown'.

I predict that the US stock market will pick up in 2019 and will go all the way upto 30,000 points. Then the bubble will pop and the market will loose approximately 40%.

The US Government seems to only understand one word when it comes to the economy.

SPENDING. SPENDING. SPENDING.

Then they wonder why their fiscal deficit, trade deficit, and national debt are always ballooning to record levels. They just want to spend and eat, spend and eat, spend and eat.

And the words they don't want to hear... cut spending, cut eating...

 

[ARMalik]

The US Government seems to only understand one word when it comes to the economy.

SPENDING. SPENDING. SPENDING.

Then they wonder why their fiscal deficit, trade deficit, and national debt are always ballooning to record levels. They just want to spend and eat, spend and eat, spend and eat.

And the words they don't want to hear... cut spending, cut eating...

Yes that is correct 'Spending' is causing a lot of headaches. But then when you have a so called World's "Reserve" currency US Dollar then the only way US can maintain dollar as the World's Reserve currency is to go into "deficits". There is no other way around it in the current monetary system.

 

[Chinese-Dragon]

Trump for 2020

Hopefully, but it really depends on the timing of the economic crash.

I saw a poll somewhere that said around 40% of the US voters are die-hard Trump fans and they will vote for him no matter what.

What about Trump's gauge of measuring his success was rising stock market earlier this year

Trump was ensuring a good payday for his corporate pals in the US system. Now that he can't provide that anymore, he will have problems. Luckily the vast majority of his voter base probably won't care...

 

[zectech]

I saw a poll somewhere that said around 40% of the US voters are die-hard Trump fans and they will vote for him no matter what.

Trump supporters, even Trump believes they are brain dead:

Trump calls these voters the smart ones in Amerika...

 

[TaiShang]

@TaiShang

Trump must be getting upset, he is descending back into golf metaphors.

Trump should close down the FED and run the economy from the Trump Tower suite in which he hosted "the most successful show on earth."



So much winning. Even the stock market cannot take so much winning.