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  • Dow dives 600 points to below 22,000, S&P 500 enters bear market - worst Christmas Eve ever

    From cnbc.com

    U.S. stocks plunged on Monday in their worst day of Christmas Eve trading ever, as the S&P 500 entered a bear market. The Dow Jones Industrial Average dropped by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day’s losses, before again falling more than 2 percent. The S&P 500 fell 2.7 percent, slipping into a bear market as it fell 20.06 percent from recent highs. Wall Street traditionally considers a drop of 20 percent or more from recent highs to be a bear market. The Nasdaq Composite Index slid 2.2 percent. Markets responded to ... (full story)

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  • Post #1
  • Quote
  • Dec 24, 2018 1:39pm Dec 24, 2018 1:39pm
  •  loriflori
  • | Joined May 2007 | Status: Member | 132 Comments
Holy cow, I have never seen the Euro act like it just did in the last 5 minutes. Nuts!! Thank god I was on the sidelines by then!
  • Post #2
  • Quote
  • Dec 24, 2018 1:42pm Dec 24, 2018 1:42pm
  •  loriflori
  • | Joined May 2007 | Status: Member | 132 Comments
(I thought it might be fun to pop in for some back-n-forth scalp action but NOT with 10-pip spreads!)
  • Post #3
  • Quote
  • Dec 24, 2018 1:45pm Dec 24, 2018 1:45pm
  •  ashimkhan
  • Joined Jan 2013 | Status: Member | 261 Comments
Market mad
  • Post #4
  • Quote
  • Dec 24, 2018 1:57pm Dec 24, 2018 1:57pm
  •  loriflori
  • | Joined May 2007 | Status: Member | 132 Comments
I have to stop watching this before I lose my mind and jump in. Guess I better do the last of my Christmas preparation. I hope everyone has a lovely holiday and stays green!
  • Post #5
  • Quote
  • Dec 24, 2018 2:43pm Dec 24, 2018 2:43pm
  •  hkg_paul
  • Joined May 2011 | Status: Member | 825 Comments | Online Now
Quoting loriflori
Disliked
I have to stop watching this before I lose my mind and jump in. Guess I better do the last of my Christmas preparation. I hope everyone has a lovely holiday and stays green!
Ignored
thanks and merry christmas
  • Post #6
  • Quote
  • Dec 24, 2018 5:01pm Dec 24, 2018 5:01pm
  •  ettrader
  • | Joined Aug 2009 | Status: Member | 499 Comments
we might get a bounce if Trump gets locked out of his Twitter account
1
  • Post #7
  • Quote
  • Dec 24, 2018 6:15pm Dec 24, 2018 6:15pm
  •  upasna
  • | Joined May 2011 | Status: Member | 782 Comments
Hope for good year end and blast new year for market
  • Post #8
  • Quote
  • Dec 24, 2018 10:15pm Dec 24, 2018 10:15pm
  •  Micc23
  • | Joined May 2017 | Status: Member | 805 Comments
Worst Christmas Eve ever? Not if you shorted the S&P or even USDJPY.
1
  • Post #9
  • Quote
  • Edited at 4:54am Dec 25, 2018 12:33am | Edited at 4:54am
  •  TudorIoan
  • Joined Dec 2015 | Status: Member | 3,259 Comments
There's a massive gap between sentiment and the current fundamentals.
The markets are crying recession, recession, recession!
But fundamentals don't support it and fundamentals always win. (after Joe Zidle)
"The banks all confirmed ample liquidity is available for lending to consumer and business markets" - Mnuchin
...that confirms indirectly the opportunity of the Fed's tightening policy.

Merry Market Idiots' Shitmas, you all!
  • Post #10
  • Quote
  • Dec 25, 2018 2:12am Dec 25, 2018 2:12am
  •  ade1
  • | Joined Apr 2013 | Status: Member | 6 Comments
The Emperor has got no kit on....aka Trump
  • Post #11
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  • Dec 25, 2018 2:48pm Dec 25, 2018 2:48pm
  •  lasty
  • Joined Aug 2008 | Status: Member | 1,423 Comments
The equity markets have already built in the fundamentals.
Its still over bought despite the falls and can still pull back
Trump rally from auguration was at 19800.
Still we have 2000 points before that's erased.
  •  Guest
  • | IP XX.XXX.42.98
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  • Story Stats
  • Posted: Dec 24, 2018 1:32pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 11  /  Views: 3,587
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