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Friday, April 06, 2018

Great Depression 2.0? Worst Q2 start for US stocks since 1929

This was only ever worse 89 years ago

American stocks saw the worst start in April since the Great Depression, as Chinese retaliatory tariffs spooked investors in the world’s largest economy.

The S&P 500 index fell 2.2 percent after the first trading session in the second quarter. This was only ever worse 89 years ago, when it fell by 2.5 percent. Back then, it was a selloff that triggered the Great Depression – the worst economic crisis in US history.

The Dow Jones Industrial Average plunged 1.9 percent, while the tech-heavy Nasdaq composite index plummeted 2.74 percent. One of the largest companies listed on the Nasdaq, Amazon, extended its losses following attacks on the firm by President Donald Trump, shedding more than five percent of its value.



Anonymous said...

So let me get this right .stock market up 7k in less than a year .then Trump takes on the world to correct this country from being abused so it creates a little uncertainty until he gets this straight and this is what we hear

Anonymous said...

This stock market was Way Over Priced, Huge Bubble, had to come down. We have been warned for Many months for this Major correction. It's not over yet; there's much more to come...

Anonymous said...

The "insiders" are making more than ever off the rollercoaster uncertainty. 401k holders are left taking the loss.

Anonymous said...

I call BS on the whole sell off panic. Wasn't something put in place to stop the over exaggerated sell off like what happened around 2009.

The sky is falling! Run! Hide!