U.S. stocks closed sharply lower Friday as investors weighed low oil and
economic data in the aftermath of the Federal Reserve's rate hike Wednesday.
Options expiration also contributed to volatility.
With Friday's late afternoon decline in stocks, the major U.S. averages wiped
out gains for the week. Trade volume Friday was the second-highest of the year.
"In the context of the Fed we've removed some uncertainty. There's still some
uncertainty about earnings going forward and you're experiencing that with some
volatility in market pricing," said Timothy Hopper, chief economist at
TIAA-CREF.
The Dow Jones industrial average had its worst day since Sept. 1, closing
nearly 370 points lower as selling accelerated into the close. Nearly all
constituents declined, with Boeing
and Goldman Sachs contributing the
most to losses. Disney turned
lower to end the day off nearly 4 percent after BTIG
downgraded the stock to "sell" from "neutral."
http://www.cnbc.com/2015/12/18/us-markets.html
"... It is only in this way that we can hope to arrive at truth, and fulfill the great responsibility which we hold to God and our country. Should I keep back my opinions at such a time, through fear of giving offense, I should consider myself as guilty of treason towards my country, and of an act of disloyalty toward the Majesty of Heaven, which I revere above all earthly kings."....I know not what course others may take; but as for me, give me liberty or give me death!"
Friday, December 18, 2015
THE POTUS BHO ECONOMY–CALLED SMOKE AND MIRRORS–MAY HAVE FINALLY COME TO ROAST THE AMERICAN PEOPLE–AS LACK OF GOOD PAYING JOBS THE LAST 7 YEARS IN OFFICE AND THE DEMOCRATS DANCE AND SING THEIR PRAISES FOR PASSING A PORK LAIDEN BUDGET OF $1.8 TRILLION AS THE BYE BYE BIRDIE HARRY REID (D-NV) DANCES WITH WOLVES DOWN THE AISLE OF CONTENT IN WASHINGTON DC–AS YOU THE AMERICAN PEOPLE GET FED THE SHOVEL AFTER SHOVEL OF PROPAGANDA–THAT ALL IS WELL–THIS BLACK FRIDAY DOW TANKS 370 POINTS AFTER CONGRESS PASSES THE BUDGET AS OIL SLIDES DOWN FURTHER TO THE LIKES OF THE POTUS BHO CHAOS AS NATURAL EARTH EXPLORATION’S FUTURE GETS SHELVED FOR NOW
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