DOW crashing again (Down 400)

[Johnny2X2X]

I guess yesterday was just a temporary respite from a substantial pull back.

3rd quarter growth numbers came out today and were good (3.5%) although lower than 2nd quarter substantially.

The people in charge have no idea what they're doing, everything is easy when you're handed a good economy, it's what policy makers do during a recession that matters.

[Watchfoxheadexplodes]

1. Fox business was raving at close yesterday

Today with more bombs they are yelling wtf.

[Wounded Bear]

2. Stock market normally doesn't like chaos...

they like predictability, stability, even if it is an evil stability.

The key thing to look at is how it closes. If there is an uptick at the end of the day, it'll probably be alright, but if the drop extends into the weekend, it could indicate more than just a "correction."

[Johnny2X2X]

3. Volatility is bad

This market has been bi-polar for a long time, huge swings almost daily. Eventually investors will tire and park their money elsewhere.

I am reducing risk in my portfolio, but as I will not be retiring for another 25 years I have plenty of time for the market to come back.

[MarvinGardens]

4. The Dow is back to December 2017 levels. (nt)

[Johnny2X2X]

5. Obama should get credit for most of 2017

It was Obama that lead us to a strong economy. His budget and tax structure were still in effect for all of 2017. The market has gone down since the Trump tax cuts went into effect.

[MarvinGardens]

6. Agree.

The market has been net sideways and more volatile since the Trump tax cuts.