5th Largest point drop in history- 724

F

floridafan

Verified User
The Dow plummeted 724 points, or 2.9%, underlining mounting concerns among investors about looming tariffs on China. It was the fifth-largest point decline in history and the market's worst day since the extreme turmoil of early February.
The S&P 500 dropped 2.5% and the Nasdaq 2.4%.

"A global trade war, whether it's real or perceived, is what's weighing on the market," said Ian Winer, head of equities at Wedbush Securities. "There's this huge uncertainty now. If China decides to get tough on agriculture or anything else, that will really spook people."
Trump announced tariffs on about $50 billion worth of Chinese imports on Thursday afternoon. It's not clear which products will be hit, but the action is aimed at curbing China's troubling theft of US intellectual property.
 
floridaFOOL said:
The Dow plummeted 724 points, or 2.9%, underlining mounting concerns among investors about looming tariffs on China. It was the fifth-largest point decline in history and the market's worst day since the extreme turmoil of early February.
The S&P 500 dropped 2.5% and the Nasdaq 2.4%.

"A global trade war, whether it's real or perceived, is what's weighing on the market," said Ian Winer, head of equities at Wedbush Securities. "There's this huge uncertainty now. If China decides to get tough on agriculture or anything else, that will really spook people."
Trump announced tariffs on about $50 billion worth of Chinese imports on Thursday afternoon. It's not clear which products will be hit, but the action is aimed at curbing China's troubling theft of US intellectual property.
Click to expand...

So when it climbs back up on Monday what will be the lunatic rant?

The market could drop another 3,957 points and still be higher than when Trump took office. Moron.

Idiots like you are proof of how badly our educational establishment is failing our citizens.
 
Truth Detector said:
So when it climbs back up on Monday what will be the lunatic rant?

The market could drop another 3,957 points and still be higher than when Trump took office. Moron.

Idiots like you are proof of how badly our educational establishment is failing our citizens.
Click to expand...

This just goes to show you how much the market likes Trumps antics. By Monday it will be down even further.
 
archcriesalot said:
So if the Don has "a lot to brag at" with a 3957 rises Obama should be elevated with the 11,783 rise during his Administration, however, unlike Donald, he acted like he had been there before
Click to expand...

Where do you come up with such moronic stupidity? Before Obama become President, the DOW was at 15,845.49. When Trump's Presidency began, the Dow was at 19,732.40.

That means that during the eight years of malaise of the Obama Presidency, the Dow managed to gain back what it had lost and add 3,886.91 points. That would be a 24.5% gain.

The DOW closed today at 23,957.89 which is 4,225.49 points higher than the gain under Obama. Trump has gained more in one year than Obama after eight and that includes today's massive 724.42 drop.

If you think there won't be profit taking tomorrow or Monday, you're dumber than a bag of rocks.

That stated, I do find it amusing and ironic that the same leftists that hate Corporate America and capitalism loved it under Obama where the ONLY one's who were winning were Wall Street. Now THAT is some funny shit! :rofl2:
 
floridaFOOL said:
This just goes to show you how much the market likes Trumps antics. By Monday it will be down even further.
Click to expand...

I thought you lying leftist snowflakes hated the BIG fat cats of Wall Street? You morons should be cheering Trump. What happened? :rofl2:

Your predictions have never been accurate and I would think they will be wrong here too. But like I told your fellow lying hypocrite, the market could drop another 4,000 points and Trump would still be ahead.
 
Truth Detector said:
Where do you come up with such moronic stupidity? Before Obama become President, the DOW was at 15,845.49. When Trump's Presidency began, the Dow was at 19,732.40.

That means that during the eight years of malaise of the Obama Presidency, the Dow managed to gain back what it had lost and add 3,886.91 points. That would be a 24.5% gain.


The DOW closed today at 23,957.89 which is 4,225.49 points higher than the gain under Obama. Trump has gained more in one year than Obama after eight and that includes today's massive 724.42 drop.

If you think there won't be profit taking tomorrow or Monday, you're dumber than a bag of rocks.

That stated, I do find it amusing and ironic that the same leftists that hate Corporate America and capitalism loved it under Obama where the ONLY one's who were winning were Wall Street. Now THAT is some funny shit! :rofl2:
Click to expand...

You aren't that fucking stupid asshole, what was the dow on the day GWB left office. That the end of the game, the 9th inning!
 
floridafan said:
This is about the 3rd inning of this ball game. Its all about where you finish, not any particular inning. Remember how you bragged about the Bush market and look where it finished.
Click to expand...

This isn't the third inning you moron. Trump is just getting started. Sit back, STFU and enjoy the ride.
 
floridaFOOL said:
Just about as happy as you were every time there was a decline in Obama's market
Click to expand...

So you think Wall Street bankers getting richer is a good thing? I just want to make sure because usually willful idiots like you are putting down rich Wall Street Bankers and corporations.
 
floridaFOOL said:
You aren't that fucking stupid asshole, what was the dow on the day GWB left office. That the end of the game, the 9th inning!
Click to expand...

It doesn't take you lying leftists assholes long to start cursing does it? It doesn't matter what the market was when Obama took over you moron. What matters is where the market was before and how much had to be made up to get us where we were.

So tell me douchebag, are you all for Wall Street bankers getting richer now? I need to record this for future hypocrite outbursts from leftist liars like you. :rofl2:
 
Truth Detector said:
It doesn't take you lying leftists assholes long to start cursing does it? It doesn't matter what the market was when Obama took over you moron. What matters is where the market was before and how much had to be made up to get us where we were.

So tell me douchebag, are you all for Wall Street bankers getting richer now? I need to record this for future hypocrite outbursts from leftist liars like you. :rofl2:
Click to expand...

Just to refresh your limited memory, the Dow was UNDER 8,000 when Obama was first elected.
 
Trump is such an oaf.

It's like world politics is the china shop, Trump's the bull, and conservatives like to see broken glass.
 
You must log in or register to reply here.
Back
Top