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The U.S. economy has gotten off to a good start to the new year. Consumers are spending, incomes are rising and companies are investing more intensely. Executives say the recent tax cuts are likely to spur even more investment.
“Executive management is excited about tax breaks for capital-expenditure purchases in the new tax bill,” said an executive at an information provider.
The service sector is a bellwether for the U.S. economy, employing eight of 10 American workers.
“Basically what this implies is that the entire rally since the early 2016 lows will turn out to have been a blow-off top,” he explained. “I’m not calling for an immediate collapse here, but I’m pointing to a possibly huge structural relationship between bonds and stocks, one that will likely take years to play out. But the signs of trouble are already in that chart.”
Silly Trump cultists (not to mention Trump himself) thought the stock market was headed only up up up.
What backstep?
DOW remains over 25,000(that is the topic here in case you are having trouble), please try again.
My, this quote did not age well:
Dow broke through the 25,000 mark, going down, and is at 24,956.
I do trust that it is a 'correction' or whatever, and that it will begin to go back up. Since I am retiring June 30th, and wish to cash out my 401K (or the Federal equivalent thereto), I obviously hate to see losses.
Dow broke through the 25,000 mark, going down, and is at 24,956.
I do trust that it is a 'correction' or whatever, and that it will begin to go back up. Since I am retiring June 30th, and wish to cash out my 401K (or the Federal equivalent thereto), I obviously hate to see losses.
Dont cash out all of the 401k perhaps? Leave a lot in, and ride the storm out. But yeah the headline of this thread is now hilarious.
The worst day in US history was 700+ points, so this is twice as bad as that.
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