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Wednesday, October 24, 2018

Down, Down, Down, Down, Down!

Der Schaden Freudes Itself

 Fred Imbert / CNBC:
Dow tumbles 500 points, erases gains for the year as October swoon continues  —  Stocks fell sharply in volatile trading on Wednesday as losses in tech and AT&T shares outweighed a post-earnings bounce in Boeing.  —  The Dow Jones Industrial Average declined 450 points as United Technologies and Caterpillar lagged.
 Matt Phillips / New York Times:
Slumping Stock Market Enters Negative Territory for the Year   Stocks dropped for the sixth consecutive session, wiping out this year's gains.  —  The stock market stumbled yet again on Wednesday, as the benchmark Standard & Poor's 500-stock index shed more than 3 percent despite solid earnings reports …
 Bloomberg:   Stock Rout Erases 2018 Gains for S&P, Dow Indexes: Markets Wrap
Not that I care; my portfolio is unaffected. Mostly an excuse to rub it in & play D.J., including embedding this extended jag-offery version of a song that seems to apply to every contemporary situation.
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