• jordanlund@lemmy.worldM
    link
    fedilink
    arrow-up
    43
    ·
    1 day ago

    1/20 was MLK day so the market was closed.

    1/21 - DOW - 44,025.81 - Now 39,054.54.
    Down 4,971.27 or 11.29%

    1/21 - NASDAQ - 19,756.78 - Now 16,268.17.
    Down 3,488.61 or 17.66%

    1/21 - S&P - 6,049.24 - Now 5,274.44.
    Down 774.8 or 12.8%.

    https://www.the-independent.com/news/world/americas/us-politics/trump-press-conference-stock-market-crash-harris-b2597318.html

    “We are going to have a crash and we’re going to have a crash like a 1929 crash if she gets in,” the Republican nominee warned, referring to the Great Depression.

    “You saw a gentleman yesterday who got up, one of the top analysts in the world, frankly, and said that if Trump isn’t elected he predicts, and he’s predicting you have a stock market crash like 1929.”

    https://www.federalreservehistory.org/essays/stock-market-crash-of-1929

    “On Black Monday, October 28, 1929, the Dow declined nearly 13 percent. On the following day, Black Tuesday, the market dropped nearly 12 percent. By mid-November, the Dow had lost almost half of its value.”

    In 3 months he’s done a black Monday.

    • ExtremeDullard@lemmy.sdf.org
      link
      fedilink
      arrow-up
      10
      ·
      edit-2
      1 day ago

      “We are going to have a crash and we’re going to have a crash like a 1929 crash if she gets in,” the Republican nominee warned, referring to the Great Depression.

      Perhaps Trump identifies as a woman and referred to himself.

    • CosmicTurtle0@lemmy.dbzer0.com
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 day ago

      As of tomorrow, my 401k will be 75% in international stocks, 15% municipal bonds, 10% domestic stocks.

      I’m making similar moves in my IRA but can’t for the life of me see an easy way to make the same changes.