For those that hoped Friday and basically all of last week was a one time thing, reality slapped them in the face this morning. In what may be a continuing trend, the dow is down big-time once again. Even as Donald Trump touts what the tax bill is and will continue to do for stocks and the economy, the dow continues to tumble. Market experts are urging investors to hold tight as they expect a turnaround. But for those not fortunate enough to be capable of handling big daily losses until things hopefully turn around, holding on to those stocks may not be a viable option.
CBS News (@CBSNews) reports, stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor’s downgraded American debt. The Dow Jones Industrials fell 634.76 points. It was the sixth worst decline for the Dow in the last 112 years and the worst one-day drop since December 2008. Every stock in the S&P’s 500 index declined Monday.