Posted on 12/04/2018 1:35:29 PM PST by SMGFan
Stocks took a nosedive on Wall Street as investors worried that a US-China trade truce reached over the weekend wasn’t all it was cracked up to be.
The Dow Jones Industrial Average sank almost 800 points Tuesday.
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The markets plunged after Trump unleashed a threatening tweet Tuesday morning.
“President Xi and I want this deal to happen, and it probably will. But if not remember, I am a Tariff Man,” Trump tweeted.
(Excerpt) Read more at nypost.com ...
Dogma!
Retiring 2020 and your money is in stock?? Bad move.
Right. Because nobody on Wall Street, and no investor, had an inkling until this tweet that Trump is using tariffs as a tool, and has been since the inauguration.
Rolling my eyes.
Cue the "O NOES" running stick figures.
Bingo.
Utter crap
NYPost is as BAD as the Yahoos @ Yahoo.
As you approach retirement, more of your monies should be going into less volatile markets.
One rule of thumb I recall is subtract your current age from 100 or 110. The difference should reflect the percentage of your portfolio that ought to be in stocks. So if you’re 55, then between 45 and 55% of your investments should be in stocks. The rest should be in safer instruments like bonds or money markets.
Are they blaming Trump?
I sold two share of CAT yesterday and then today - BAM! I have been feeling guilty all day that I may have started the decline.
When it comes to business - media is downright awful. They cover global warming with more coherence.
So-called recession...Perhaps these caused it:
Lowest ever black unemployment rate
Lowest ever Hispanic unemployment
Lowest women unemployment in 60 yrs
The Korean War is over
Economy is best it has ever been
Taxes at 60 year low
ISIS obliterated
US energy independent
Must be the $1.95 gasoline we have in Cincinnati...yeah, that, too leads to a recession.
It’s that or not retire at all. Portfolio is conservative but I still need growth
Tks. I have an excellent (and well paid) financial planner
No problem. As that is the case, your comment is curious.
Even Yahoo Finance says it went because of the programming of the computers that do most of the trading - they did what humans could never do when a algorithm triggered.....not many note it went up about the same shortly before the dump...
For later
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