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from the how-are-they-doing-over-the-entire-year? dept.
"The Dow rose more than 1,080 points, or nearly five percent, marking the first time in history the exchange rose more than 1,000 points in a single day of trading. The S&P 500 climbed more than 100 points, or about five percent, while the tech-heavy Nasdaq Composite rose more than 360 points, or nearly six percent.
All three major exchanges posted their largest single-day point increase on record." foxbusiness.com/markets/stock-futures-trade-cautiously-on-political-concerns
Our Country is doing very well. Because we are finally putting America First.
A report at Bloomberg offers a less rosy perspective:
Just one of the S&P 500 members fell on Wednesday, when the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain. Consumer shares paced the rally, with Amazon.com Inc. jumping 9.5 percent on record holiday sales. Each member of the FAANG[*] cohort rallied at least 6.4 percent. Nike and Apple rose more than 7 percent.
Yet it's still a horrible month for U.S. stocks, with the S&P 500 down almost 11 percent. Japan's Topix is even worse, with a 14 percent slide. Emerging markets have done better, thanks to expectations of less aggressive tightening by the Fed. The Shanghai Composite is off less than 4 percent, for example. And China's yuan, along with most major Asian currencies, is up against the dollar this month.
[*] FAANG: "FAANG is an acronym for the market's five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet's Google."
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @01:38PM (3 children)
Stability of Bitcoin, much like the dollar, has to do with the fact that very few own majority of it.
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @02:09PM (2 children)
Whose fault is that? People only have themselves to blame when it comes to bitcoin. Even still it is cheap as hell compared to what is coming when the ETF/etc come out.
People will always whine about the distribution no matter what chances you give them. Most follow the herd instinct rather than be an early adopter, so they will always tend to sell low and buy high, ie 'miss out'. This is also exactly why bitcoin had the most fair distribution, and gov coins will never take off (endless commitees will discuss what is 'fair').
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @07:50PM (1 child)
Bitcoin is a failure based purely on the energy it wastes and the ability to manipulate the market if you get majority hashing power. I don't keep up on the crypto markets, what "coin" has better attributes?
(Score: 1, Funny) by Anonymous Coward on Thursday December 27 2018, @10:18PM
Bitcoin doesnt waste any energy. The energy it uses is less than the current banking system, is around what gets wasted by reddits recent telemetry update, is a rounding error on what gets wasted due to power plant and grid inefficiencies, and is totally insignificant compared to what gets wasted due to having an inflationary reserve currency.