Dow drops 390 points, back below 26,000

[Kangaroo Feathers]

"Stocks fell on Monday as bond yields resumed their August spiral lower, raising concerns about the state of the economy.

The benchmark 10-year Treasury yield, which fell to its lowest since 2016 last week, dipped to 1.63%. The spread between 2-year and 10-year Treasury yields narrowed to only 6 basis points on Monday, near its lowest level since 2007.

Dow Jones Industrial Average fell 391 points, or 1.49%, to 25,896.44, while the S&P 500 dropped 36.21 points, or 1.24%, to 2,882.44 and the Nasdaq Composite is down 1.2% to 7,863.41. It was the second down day in a row for the market, which had staged a remarkable recovery last week until the selling returned again on Friday.

“The bear is alive and kicking,” Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, said in a note on Monday. “We think the failed breakout last week for the S&P 500 confirms we are still mired in a cyclical bear market.”Dow drops 390 points, back below 26,000, as falling yields raise concern about the economy"

Hows that trade war working out for ya?

 

[Stanyon]

Whoa... we are doomed

 

[Salvador]

"Stocks fell on Monday as bond yields resumed their August spiral lower, raising concerns about the state of the economy.

The benchmark 10-year Treasury yield, which fell to its lowest since 2016 last week, dipped to 1.63%. The spread between 2-year and 10-year Treasury yields narrowed to only 6 basis points on Monday, near its lowest level since 2007.

Dow Jones Industrial Average fell 391 points, or 1.49%, to 25,896.44, while the S&P 500 dropped 36.21 points, or 1.24%, to 2,882.44 and the Nasdaq Composite is down 1.2% to 7,863.41. It was the second down day in a row for the market, which had staged a remarkable recovery last week until the selling returned again on Friday.

“The bear is alive and kicking,” Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, said in a note on Monday. “We think the failed breakout last week for the S&P 500 confirms we are still mired in a cyclical bear market.”Dow drops 390 points, back below 26,000, as falling yields raise concern about the economy"

Hows that trade war working out for ya?

I'm a long term investor, so market fluctuations don't concern me.

China is manipulating its currency in order to make its goods cheaper and American goods more costly. Hence, Americans will keep on buying cheap imported stuff made in China; whereas, the Chinese will stop buying American goods made more expensive by the Chinese manipulation of their currency.

Despite Chinese goods being priced in our market now not much differently than they were before tariffs were imposed, we Americans should do our patriotic duty of not buying goods from the unfair trade practitioner Chinese.

 

[Lyndon]

that means throwing your cellphone and computer in the trash, I dare you.