Closing Thought–18Dec18

The old say…”All’s well that ends well” may not be the best slogan to describe 2018…..

The one thing that Trump could point to in the past to keep his people in line is that the economy is doing well….in the last month the economy is tanking and tanking badly….from a high of 27000 to the plunge to around 23 and some change…..

The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month, the AP reports. Longtime market favorites like Microsoft and Amazon took heavy losses Monday. Health care companies also fell sharply. A measure of small-company stocks fell into a bear market, a decline of 20% below their recent peak. The market is now well into the red for the year and the S&P 500 index is trading at its lowest level since October 2017. The S&P 500 fell 54 points, or 2.1%, to 2,545. The Dow lost 507 points, or 2.1%, to 23,592. The Nasdaq composite lost 156 points, or 2.3%, to 6,753. (Read more stock market stories.)

Is this a prediction of a recession coming true?

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