UPDATE: Dow now in longest losing streak since 2011...more carsh imminent?

Link here:

[link to www.wsj.com (secure)]

With a 20 trillion debt ceiling being reached, no extension I'd say expect more financial doom. The US is bankrupt living on a ponzie scheme and that house of cards is going to fall hard.

One thing for sure:

If Trump fails to get his tax reform bill passed, like he failed with TrumpCare...that's it...full Dow carsh.

carsh? what carsh? imminent? that word means NOTHING

NO carsh this year, PERIOD.

Maybe not a carsh, but the market is now in the process of a downward death spiral.

Sure seems different from just a few weeks ago.

"20 trillion", you know that's a joke right?

No carsh, no spiral, nothing, will drop a bit to the 19000, and then will soar to the 22000, and again will drop and 23000, 3 steps back then 4 steps forward

I don't see any carsh, reset or shits like that, it's free rigged,faked money and stocks are virtual, you don't need to crash it, people are too stupid to still paying taxes hahaha

But not any more with the longest losing streak in six years....


Here’s all the times Trump has taken credit for stock-market gains

Since November 8th, Election Day, the Stock Market has posted $3.2 trillion in GAINS and consumer confidence is at a 15 year high. Jobs!
— Donald J. Trump (@realDonaldTrump) March 2, 2017


Great optimism for future of U.S. business, AND JOBS, with the DOW having an 11th straight record close. Big tax & regulation cuts coming!
— Donald J. Trump (@realDonaldTrump) February 25, 2017

Stock market hits new high with longest winning streak in decades. Great level of confidence and optimism - even before tax plan rollout!
— Donald J. Trump (@realDonaldTrump) February 16, 2017

The world was gloomy before I won - there was no hope. Now the market is up nearly 10% and Christmas spending is over a trillion dollars!
— Donald J. Trump (@realDonaldTrump) December 26, 2016

(and by the way, the market has already lost 7% of that 10% and it ain't over yet)

[link to www.marketwatch.com]

Dow just opened...it's down.

Extends it losing streak to the SEVENTH straight day!

It’s sink or swim time for President Trump and global financial markets

Investors are beginning to question whether a lame duck presidency is in the offing

You can bet your bottom dollar Donald Trump was hoping for a fairy-tale start to his presidency. All fanfare, folkloric feats and derring-do.
Yet 70 days in, it is more like a cautionary tale straight off the pages of the Brothers Grimm and Hans Christian Andersen. It’s Trumpelstillskin and the Emperor-has-no-clothes-on rolled into one.

It is not just one lonely voice at the back of the crowd hollering that Trump’s new policy finery is starting to look less than impressive. There is a much bigger chorus that Trump could fail to deliver on his growth-boosting promises. Investors are beginning to question whether a lame duck presidency is in the offing.

There is a lot at stake. For months, global markets have been pumped full of adrenaline on hopes that Trump’s tax-cutting, budget-busting reform plans could double US economic growth potential up to 4 per cent per annum, boosting domestic jobs and providing new stimulus for the rest of the world. Judging by equity market price action in the last week, doubts are creeping in with a vengeance.

From South China Morning Post, Hong Kong

[link to www.scmp.com]

-25 ...what are you smoking?

Last time I checked, - 25 is negative and that means it's down.

Jobs! Jobs! Jobs!

Are we tired of winning yet?

it's called profit taking snowflake

Sucker

You do know what a correction is right? Skyrocket on irrational exhuberance and you'll fall back some when reality sets in.

Shill-ploy;

Every up will be ignored.

Every down will be an impending crash.

Honestly at 20K I think it has detached from reality anyway and should come down considerably. I don't even remotely trust major corporations accounting practices anymore on earnings etc.

Where you see the correction? it's +81

I thought the same at 16k.so imagine..

But the thing is, objectively:

This is the longest losing streak in six years. You can't ignore that.

OH please. The market went straight up for weeks because President Trump was elected.

if you pay attention, you knew a correction would be coming.

Here's a guess. Obama returns end of March. April spent muckraking hype in the media. Protests and civil unrest fomented in May. Economic crash starting in earnest in June.

Do they no longer teach '%' in snowflake school?