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Dow rallies 1,000 points, logging its biggest single-day point gain ever

Common Sense 1 said:
A very nice recovery. Almost 5% back in your 401k.
The biggest one day point gain!


DOW RALLIES 1,000 POINTS, LOGGING ITS BIGGEST SINGLE-DAY POINT GAIN EVER

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 950 points higher as of 3:45 p.m. ET, while the S&P 500 gained 4.2 percent. The Nasdaq Composite outperformed, rising 5 percent.The Dow and S&P 500 traded lower earlier in the day.

Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 6 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 7.3 percent after the company said it sold a record number of items this holiday season.




Dow Jones Industrial Average (.DJI:Dow Jones Global Indexes)

Real Time Quote
Last | 4:08:50 PM EST
22,878.45 +1,086.25 (+4.98%)
Click to expand...

If you bought at Friday close, sell before Thursday opening.
 
Casca XV said:
No they haven't. The Market reacted to Democrat wins in the midterms and The Fed raising interest against President Trump wishes.

Now it's reacting to higher than expected Xmas consumer spending, which was made possible by the Trump economy.

GDP growth is the most complete measure of an economies health. 2018 will be well above 3% (something Obama could never do).

There is little doubt 2019 will be the same.
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There is plenty of doubt about 2019 and even more for the future. Trillion $ deficits in supposedly "healthy" economy are not sustainable. Half of the growth in 2018 is from increased Govt. spending mostly in defense.

In CBO’s updated projections, real gross domestic product (GDP) grows by 3.1 percent in 2018 and by 2.4 percent in 2019 before slowing in the following years.
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https://www.cbo.gov/publication/54318
 
apdst said:
Why shouldn't he? If he gets the blame for the losses, he should get credit for the gains.
Click to expand...

You're right! See what can happen when he leaves the country and stays off Twitter?
 
Casca XV said:
see #22
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#22 is wrong. The market has been going up and down all year based on Trump's tariff war announcements. When he announces a new round of tariffs the market goes down. When it sounds like there might be some resolution, the market goes back up. When more bad tariff new comes, down it goes again. That's been the pattern since he declared war back in February or March. It didn't suddenly start when Democrats got elected. In early December, Trump announced he had a deal with China and the markets went up. Then the next day they learned he was lying his ass off ... again ... and that started December's sell off.
 
iguanaman said:
There is plenty of doubt about 2019 and even more for the future. Trillion $ deficits in supposedly "healthy" economy are not sustainable. Half of the growth in 2018 is from increased Govt. spending mostly in defense.



https://www.cbo.gov/publication/54318
Click to expand...



Again, you are right. Thanks for your efforts to cut through the snow jobs.
 
Casca XV said:
No they haven't. The Market reacted to Democrat wins in the midterms and The Fed raising interest against President Trump wishes.



GDP growth is the most complete measure of an economies health. 2018 will be well above 3% (something Obama could never do).

There is little doubt 2019 will be the same.
Click to expand...

Is this the latest spin? god bless.

2019 will not have the same growth and this years growth was artificially stimulated in a way that will cost us big tionme down the road.

Trump did to the country what he did in AC. Difference is, there is no strategic escape in bankruptcy for our nation.
 
iguanaman said:
There is plenty of doubt about 2019 and even more for the future. Trillion $ deficits in supposedly "healthy" economy are not sustainable. Half of the growth in 2018 is from increased Govt. spending mostly in defense.



https://www.cbo.gov/publication/54318
Click to expand...

The CBO also predicted the Trump tax cuts would cause a decrease in Federal Revenue. Just the opposite happened. 'Never Believe the CBO': Kudlow Doubts Forecasts on Trump Tax Cuts Increasing Debt | Fox News Insider
 
Common Sense 1 said:
A very nice recovery. Almost 5% back in your 401k.
The biggest one day point gain!


DOW RALLIES 1,000 POINTS, LOGGING ITS BIGGEST SINGLE-DAY POINT GAIN EVER

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 950 points higher as of 3:45 p.m. ET, while the S&P 500 gained 4.2 percent. The Nasdaq Composite outperformed, rising 5 percent.The Dow and S&P 500 traded lower earlier in the day.

Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 6 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 7.3 percent after the company said it sold a record number of items this holiday season.




Dow Jones Industrial Average (.DJI:Dow Jones Global Indexes)

Real Time Quote
Last | 4:08:50 PM EST
22,878.45 +1,086.25 (+4.98%)
Click to expand...

I expect the market will be like a yo-yo during Trump’s reign.
 
Amelia said:
#22 is wrong. The market has been going up and down all year based on Trump's tariff war announcements. When he announces a new round of tariffs the market goes down. When it sounds like there might be some resolution, the market goes back up. When more bad tariff new comes, down it goes again. That's been the pattern since he declared war back in February or March. It didn't suddenly start when Democrats got elected. In early December, Trump announced he had a deal with China and the markets went up. Then the next day they learned he was lying his ass off ... again ... and that started December's sell off.
Click to expand...

and when ABC News falsely reported Mueller was filing charges on Trump the market had the sharpest drop off ever. In other words Trump success are what is driving the economy.
 
PeteEU said:
The CBO has not been proven wrong yet. The dataset is too small to make any conclusions. But there are signs that the CBO will be correct in a year when a larger dataset is available.

Sent from my Honor 8X using Tapatalk
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Sugar highs, fallacies, alternative facts, smoke and mirrors drives the trump swamp show. They are all blowing each over about one day's trading!:roll:
 
markjs said:
Sugar highs, fallacies, alternative facts, smoke and mirrors drives the trump swamp show. They are all blowing each over about one day's trading!:roll:
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I can better it....

Trump leaves the US and the stock market celebrates!

Sent from my Honor 8X using Tapatalk
 
PeteEU said:
The CBO has not been proven wrong yet. The dataset is too small to make any conclusions. But there are signs that the CBO will be correct in a year when a larger dataset is available.

Sent from my Honor 8X using Tapatalk
Click to expand...

a year is not too small , nice try
 
apdst said:
Why shouldn't he? If he gets the blame for the losses, he should get credit for the gains.
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I didn't blame him for the losses and I think he's easily the least competent, rational and intelligent President in history. The stock market has very little to do with who is sitting in the Oval Office. I'll take a nap now, it's so easy to sleep when you're consistent.
 
Casca XV said:
and when ABC News falsely reported Mueller was filing charges on Trump the market had the sharpest drop off ever. In other words Trump success are what is driving the economy.
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What time is it in Russia?
 
noonereal said:
Is this the latest spin? god bless.

2019 will not have the same growth and this years growth was artificially stimulated in a way that will cost us big tionme down the road.

Trump did to the country what he did in AC. Difference is, there is no strategic escape in bankruptcy for our nation.
Click to expand...

Lower taxes and less regulation is the opposite of "artificial stimulation" Over the next year it will be fun watching Leftists angered at a continuing great economy.
 
Mustachio said:
I didn't blame him for the losses and I think he's easily the least competent, rational and intelligent President in history. The stock market has very little to do with who is sitting in the Oval Office. I'll take a nap now, it's so easy to sleep when you're consistent.
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A buncha people did, though.
 
Amelia said:
A. He doesn't accept blame for the losses.

B. It's not that simple. The market is resilient. It tries to find a way no matter what crap Trump pulls. The current market volatility is very much at the feet of our volatile president.

C. He doesn't accept blame for the losses.

D. He doesn't accept blame for the losses.
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Irrelevant.
 
Casca XV said:
Since Trump as President is the worst thing to ever happen to Putin, who cares.
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giphy.gif
 
Casca XV said:
The CBO also predicted the Trump tax cuts would cause a decrease in Federal Revenue. Just the opposite happened. 'Never Believe the CBO': Kudlow Doubts Forecasts on Trump Tax Cuts Increasing Debt | Fox News Insider
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LOL Tax cuts ALWAYS decrease revenue from what it would have been without them. In this case the puny $14 billion rise in revenues dwarfs the $127 billion rise in spending. Kudlow is a stooge.

The U.S. federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said Monday.

The deficit jumped to $779 billion, $113 billion or 17 percent higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney. It was larger than any year since 2012, when it topped $1 trillion. The budget shortfall rose to 3.9 percent of U.S. gross domestic product.

The deficit increased by $70 billion less than anticipated in a report published in July, according to the two officials.

Federal revenue rose only slightly, by $14 billion after Republicans chopped tax rates for corporations and most individuals. Outlays climbed by $127 billion, or 3.2 percent. A spike in defense spending, as well as increases for Medicaid, Social Security and disaster relief, contributed to the increase.
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https://www.cnbc.com/2018/10/15/us-budget-deficit-expands-to-779-billion-in-fiscal-2018-as-spending-surges.html
 
apdst said:
A buncha people did, though.
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Greetings, apdst. :2wave:

I sure did! :yes: :thumbs: It isn't every day that the DOW gains 1086.25 points!!!
 
apdst said:
A buncha people did, though.
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Yes "people" like stock market analysts uniformly say the Trump's trade war is a major reason that investors are jittery. That and "uncertainty" are the major causes of the sell off.
 
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