When was the last time the stock market dropped for two days in a row?

[kentuck]

I think it would be naive to think that the stock market will continue to rise forever. We have gone thru booms and busts many times before and we will probably go thru one once again.

At this moment in history, Donald Trump is using the economy and the stock market like a crutch, to keep himself upright. When either starts to go down, so will the fortunes of Donald Trump.

Of course, he would never give his predecessor any credit for his eight years of growth in the economy and in the stock market. Just as he took credit for the lowest black unemployment in history, he never mentioned that it was on a steep decline for 6 or 7 years before he came into office. Born on third base and thought he had hit a triple.

For the sake of investors and average Americans, we hope for the stock market to do well. For the good of the country, we would like to see the bubble burst.

[snowybirdie]

1. Right now is down

over 300 points. Will Donnie scratch his remarks tonight regarding our strong stock market?

[unblock]

3. he'll still gloat, and after 2 solid down days, the market will go up the 3rd day, *after* the sotu.

they couldn't have timed it better if they tried....

... unless they did...

[GeorgeGist]

2. For roughly half of Americans, the stock markets record highs dont help at all.

https://www.washingtonpost.com/news/wonk/wp/2017/12/18/for-roughly-half-of-americans-the-stock-markets-record-highs-dont-help-at-all/?utm_term=.19ec69c829a1

[unblock]

6. and for many of the rest, the help is pretty small.

people can get crazy giddy over their ballooning 401(k) when the increase lets them survive retirement for 11 months instead of 10 months.

big deal.

the primary residence house remain by far the biggest investment for people who even have investments, and these have largely broken even over the last decade or so.

there's a retirement crisis on the horizon....

[Wounded Bear]

4. Would maybe be better if this was the end of the week...

so that a weekend would slow it down. We're long overdue for a correction. People start selling and the dominoes start to topple.

I have given up on the market, it no longer has much relation to actual conditions in the country. That doesn't mean that a crash would not hurt everyone, but it is inevitable IMHO. Where I'm at, real estate is bubbling again, many areas you can't get in without a 6 figure income, at least.

Buckle up. Gonna be a rough ride, I think.

[SWBTATTReg]

10. I agree...a correction seems more and more likely...

Despite best efforts in past to prevent corrections, they happen. Something unexpected happens and then BAM!

Makes sense that markets can't go up and up forever, so far, it's been almost 9 years or so.

There are some ratios out there (long term interest rates vs. current interest rates, etc., inverse yield) that are pointing to that a correction will happen/occur (in next two years...yikes). Not terribly helpful as to timing.

I'm also seeing that markets seem to be getting too pricy, so acquisitions are getting too expensive, so fewer of them are happening (unless you're the one benefiting from the high stock prices doing the acquisition(s)).

I'm mostly out of the market, to more safer and diverse investments, more easier to get cash from if need be/for a rainy day if needbe.

At least take a percentage of your money off the table and take some profit.

[ProfessorGAC]

5. 3/25 through 3/27

Three days in a row down, but only a total of about 200 points or so.

[kentuck]

7. Wow!

That was a long time ago!

[ProfessorGAC]

8. It Didn't Go Up Every Day Since, Kentuck

It is just the last time the chart shows multiple down days in a row.

The slope of the trend line is only about 4.5% relative steeper than the last 2 years under BHO.
It's not quite the ballistic trajectory they claim.

[kentuck]

9. Right!

There were days that it declined but not for multiple days. That is still quite a run.

Overall, I would think the 8 years growth under BHO's policies are more impressive. I would hate to think where we would be today if Trump had inherited the economy that Obama inherited?

So far, the stock market, in my opinion, has been running on hot air and bullshit.