Category Archives: Wall St.

Stock Market December to Remember

stock market December
Click the bull to enlarge

Your 401 (k) Goes Bungee Jumping

It was the night before Christmas and the Dow Jones Industrial Average plunged 653 points. But the day after Christmas the bull bounced back for a record 1,000 point gain. Alas, the stock market December to remember continued as the Dow dropped 600 points the following morning. But not to worry. Late in the day the Dow made a record 850 point u-turn to finish with a 260 point gain.

Fed Grinch Steals Trump Christmas

fed grinch
Click the Grinch to enlarge.

You’re a Mean One, Chairman Powell

President Trump overheated his Twitter account trying to pressure the fed chairman. But it didn’t work. Jerome Powell was more than ready to to stand up to Trump by playing the Grinch and raising rates. Not only that he said he’d do the same thing two more times next year.

Fed Grinch

The Dow swooned and the president sputtered. But Bloomberg says the Fed did the right thing. Vox, however, not so much. 

Meanwhile the stock market crater continues.

Tariff Man

Tariff Man

Click on Tariff Man to enlarge the image.

On Saturday President Trump and Chinese President Xi backed away from the precipice of trade war. And stocks jumped up.

But on Wednesday, Trump being Trump, tweeted  “I am Tariff Man.”

And Wall Street jumped out the window.

Raising Rates

raising rates

Click on the fed chief to enlarge.

As the economy grows the fed has been raising interest rates. President Trump isn’t pleased and he let Chairman Powell know it. He said “it looks like he’s happy raising rates.” As of Wednesday stocks were negative territory for the year.

Possible Fake News Tesla Tweets

fake news tesla tweets

Elon Musk tweeted that he wants to take Tesla private and has $70 billion in backing to do it. Tesla shares jumped 10% on the news. But now that the S.E.C. is on his case for possible fake news Tesla tweets the stock is back to ground zero.