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posted by martyb on Thursday December 27 2018, @09:44AM   Printer-friendly
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."


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  • (Score: 0) by Anonymous Coward on Friday December 28 2018, @01:40AM (4 children)

    by Anonymous Coward on Friday December 28 2018, @01:40AM (#779188)

    Well, thats the great thing I discovered about the stock market vs eg academic medical research. The people who are right get rewarded rather than those who play politics the best or make good useful idiots.

    It's looking like I'll have ~130% returns this year (more than doubled my money), how about you with your total lack of understanding?

  • (Score: 0) by Anonymous Coward on Friday December 28 2018, @01:46AM (3 children)

    by Anonymous Coward on Friday December 28 2018, @01:46AM (#779189)

    lol, dude, I cashed out with nearly 300% gains 3 months ago. But the difference between you and I is that I know that I was gambling. You, on the other hand, are in love with your simplistic monocausal understanding.

    • (Score: 0) by Anonymous Coward on Friday December 28 2018, @01:49AM (2 children)

      by Anonymous Coward on Friday December 28 2018, @01:49AM (#779191)

      You cashed out based on Trump?

      • (Score: 0) by Anonymous Coward on Friday December 28 2018, @03:35AM (1 child)

        by Anonymous Coward on Friday December 28 2018, @03:35AM (#779221)

        Based on his actions. Including, but not limited to, the tariffs and the reactions to them - china's response, both official policy (retaliatory tariffs) and their soft response, like the massive decline of their soy imports (which, as expected, were just reported to hit ZERO in november). Now that the house can start to do their constitutional duty of holding the executive branch to account, shit is going to get WILD because the one thing that makes an NPD lose their shit is facing accountability, so I am staying out.

        But why I am telling you this? Being a fed absolutist means you are deaf to any reality outside your bubble.

        • (Score: 0) by Anonymous Coward on Friday December 28 2018, @02:48PM

          by Anonymous Coward on Friday December 28 2018, @02:48PM (#779342)

          What made you pull the trigger in september/october rather than earlier in the year, or even in 2017 though? There has been "crazy Trump" excuses to get out the entire time. The soybean imports are that much of a bellweather? And why did you only go to cash rather than start shorting?

          Im just a practical person, if something actually works I want to learn about it.