Double Damage

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George don’t look happy

A double whammy today in the United States.

The Dow Jones Industrial Average dropped like a brick today due to tech stocks and concerns over rising interest rates.

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Don’t wanna say we told ya so, but…

Meanwhile, Hurricane Michael has struck the Florida panhandle as a Category 4 storm with sustained winds of 155 MPH and gusts reaching as high as 175 MPH. Pictures of extensive damage are starting to roll in as the storm continues to move inland and Northwest towards Alabama.

Godspeed to all those in the path of the destruction…

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So Much For That Pending Trade War

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Looks like Wall Street had a very good day today.

The Dow’s 251-point leap on Thursday marked its 100th record close since President Donald Trump’s election, according to S&P Dow Jones Indices. The S&P 500 also notched an all-time high.

The Dow closed at 26,657. It has spiked about 3,300 points since a low on April 2, when investors were more worried about trade. They’re betting that the strong US economy will power through the outbreak of tariffs.

That should make investors happy…for now…

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Let’s Play Like Perez #5

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Rough day on Wall Street for Facebook and its founder Mark Zuckerberg. Facebook just had the biggest wipeout in stock market history. Shares plunged 19% on Thursday after executives warned that revenue growth would slow as the company focuses on user privacy. The sell-off vaporized about $119 billion in market value — the biggest single-day loss for any public company in history, according to Thomson Reuters.

For founder Mark Zuckerberg, the loss came to almost $16 billion, according to Forbes, which tracks billionaire wealth in real time. That dropped him from fourth to sixth on the list of richest people in the world.

Oof…