As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 14 May 2019

Dow drops more than 600 points, posts worst day since January as China trade war escalates

Stocks fell sharply on Monday after China decided to raise tariffs on some U.S. goods as the ongoing trade war between the world’s largest economies intensifies.

The Dow Jones Industrial Average dropped 617.38 points, or 2.4%, to 25,324.99 and posted its worst session since Jan. 3. The S&P 500 also had its worst day since early January, falling 2.4% to 2,811.87.  The Nasdaq Composite dropped 3.4% — its biggest one-day loss of the year — to 7,647.02. 

At its lows of the day, the Dow fell as much as 719.86 points while the S&P 500 and Nasdaq traded down 2.8% and 3.6%, respectively, at their session lows. The indexes came off their lows in afternoon trading after President Donald Trump said he had not decided whether to slap tariffs on an additional $325 billion in Chinese goods.



7 comments:

  1. Haha, it's like watching a B-grade movie! :)

    Traditionally market volatility due to geopolitics have been good times to pick up good quality stocks on discount. The underlying economic fundamentals are still kinda ok ... only thing is how long both sides playing "not going to blink first" & "my thing bigger than your thing" games! LOL!!

    Trump (particularly) & Xi are not crazy fellows willing to drive their countries into recession & see large unemployment numbers. Both will do "something" to avoid going over the brink ... ranging from quick compromised agreements in best case (unlikely) to massive internal stimulus & re-starting QE in worse case (also unlikely) to continuing negotiations without any fast agreement (most likely). Trump is also pretty thin skin when it comes to stock market performance & jobs, especially if he wants to talk up 2020 re-elections.

    Both are likely to let things remain on low boil & stew for a couple of months. And then do some PR stunt at G20 summit in Osaka this late-June. LOL!

    ReplyDelete
  2. I hope Trump & family & gang are operating under insider trading moratoriums, else they'd be the biggest insider traders in modern history! LOL!

    ReplyDelete
  3. STI still looks O.K.

    My US portfolio koyak Liu because all are tech stocks except one bank.

    Which is affected too.

    Trump must keep on generate some kind of crisis here and there; if not he will not be popular with his base.

    ReplyDelete
  4. Time to shop the shorts. Then later shop the bargains.

    ReplyDelete

Related Posts with Thumbnails