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Default begins badly

Keyser Soze wrote:
wrote:
On Mon, 2 Apr 2018 21:47:02 -0400, Keyser Söze wrote:

f you feel like the second quarter began badly, you’d be right.

U.S. stocks had their worst April start since 1929, according to data
compiled by Bloomberg. The S&P 500 index slumped 2.2 percent, a rout
exceeded only by its 2.5 percent decline 89 years ago, a prelude to the
devastating crash later that year that brought on the Great Depression.
(Back then, the index only comprised 90 stocks.)

China’s retaliatory trade tariffs combined with President Donald Trump’s
criticism of Amazon.com Inc. to send equities into a tailspin Monday.
Shares in the online retailer tumbled, encouraging a sell-off in consumer
discretionary and technology stocks. The S&P 500 closed below its 200-day
moving average -- a key technical support -- and volatility climbed.

From Bloomberg News

You really need to watch stocks in the long term but I agree things
trump is doing right now is depressing the market. If we do end up
working something out with Jina it will pop back up. The market is
still overpriced IMHO and I expect a huge correction but what the hell
do I know. The reality is where else would all the money go?
It is funny that you like to trash the 0.1% and then you are worried
about where they are putting their money.
I know one thing for sure. The smart day traders made a **** load of
money today.


It is ironically funny that Trump is the cause of the market “correction.”
If it takes a serious drop before the fall elections, Trump will be
figuratively tarred and feathered.


We haven't seen a "correction". This is from your friends at CNN:

http://money.cnn.com/2018/02/06/news...ner/index.html
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