Adam Shell USA TODAY Published 7:01 AM EST Jan 7, 2019 If anyone understands how bear markets and plunging stock prices can upend a sense of calm and financial well-being, it’s me. I’ve spent the past 19 years at USA TODAY reporting and writing about the unpredictable Dow Jones industrial average’s good and bad days. And even though the Dow was rising and in a bull market for 15 of those years, the best lessons I learned about investing – and about myself and the way my brain and psyche react to violent market swings -- came when stocks were going down. Today is my last day writing about Wall Street at USA TODAY after voluntarily accepting an early retirement package from the newspaper’s parent, Gannett. In my final column, I'll share what I’ve learned about the market and personal finance since my first day here. In a two-decade run as a stock market reporter, “the market” has been my friend, but also an … [Read more...] about Dow: Stock market lessons from veteran reporter who covered two bears
Stock market crash of 1929
Samuel Stebbins 24/7 Wall Street Published 8:32 AM EST Dec 26, 2018 The U.S. economy is subject to complex, interconnected forces too innumerable for any one person to account for or anticipate. Still, when it comes to the health of the economy, the buck often stops at the president's desk. While by no means a comprehensive measure of economic health, the performance of the Dow Jones Industrial Average stock index is often used as a proxy for overall economic prosperity. The best known stock market index, the Dow tracks the value of 30 public company stocks that together represent all major industries, except for transportation and utilities. Though the companies that make up the DJIA change over the years, the index’s purpose and utility does not. The Dow’s performance has varied under each president. Under a handful of administrations, the DJIA fell considerably. Under the leadership of others, the Dow more than tripled. 24/7 Wall St. reviewed the change in … [Read more...] about Stock market performance: Dow under every president in past 100 years
Adam Shell USA TODAY Published 5:32 PM EDT Oct 23, 2018 October is living up to its reputation on Wall Street as a month known for wild swings. The broad U.S. stock market dropped for the 12th time in the past 14 days Tuesday, putting it on track for its worst October since the 2008 financial crisis. The market, as measured by the Standard & Poor’s 500 stock index, has turned volatile since hitting a record high Sept. 20, taking a defensive turn. Investor psychology has become more cautious amid a growing list of risks that are putting a strain on the 9-year-old bull market. Those risks now include worries about corporate earnings after two industrial giants, Caterpillar and 3M, issued outlooks that worried investors, sending shares tumbling early Tuesday. That news added to existing investor anxieties caused by China’s slowing economy, global trade disputes and rising interest rates in the U.S., which makes borrowing more … [Read more...] about Stock market drops after Caterpillar, 3M issue disappointing outlooks
Writing in the wake of the 1929 stock market crash, New York Times columnist Will Rodgers commented that the level of panic was such that it induced a spate of suicide among traders. Although stories of increased rates of suicide in the aftermath of a financial meltdown are deeply ingrained in the folklore of finance, until now these have not been investigated empirically. Our new international study for the first time looks at the relationship between stock market fluctuations and the rate of suicides among the general population. The financial fortunes of many of us are tied in some way to the markets either directly through our investments or indirectly through our pension funds. Therefore, when markets collapse, the effects can reverberate through the whole of society. Our findings suggest that suicides increase both in years of significant stock index decline and in the year that follows it. This prolonged reaction suggests that it may be possible to use stock market … [Read more...] about Stock market crashes linked to suicide rate: study
Adam Shell USA TODAY Published 8:19 p.m. UTC Aug 23, 2018 President Donald Trump, who has taken a lot of credit for the stock market boom since he took office, says a "crash" would happen if he were impeached. But Wall Street begs to differ, arguing that the forces driving the nearly $30 trillion U.S. stock market are far bigger and stronger than the influence of one person, even one as powerful as the nation's commander in chief. "One man does not move the market over the long term," says Thorne Perkin, president of Papamarkou Wellner Asset Management in New York. Trump, who raised the specter of his removal from office Thursday in an interview with "Fox & Friends," went as far as saying a bust would occur if he were to be forced out. "I'll tell you what, if I ever got impeached, I think the market would crash," he said, adding that without his kind of "thinking," economic results would get worse. "You would see numbers that you wouldn't believe, in … [Read more...] about Would Trump impeachment “crash” stocks, as president says?