Stock Market Today: A Brutal Week Pushes Nasdaq Into Bear Market

By: Caleb Silver
Investopedia News

There was no mercy for investors as we close out the week and head into the holiday season. It was a punishing five days for stocks. Here are some gruesome stats:

-The Nasdaq lost 8% on the week and is now 22% below its August record, a bear market.

-The S&P 500 index lost 6.7% for the week and on Friday hit a 17-month low. It’s now down 17% from its record.

-The Dow lost 6.4% and more than 1,500 points on the week.

-The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12% each this month.

-The Dow is on track for its worst month since February 2009.

-The Russell 2000, which tracks the stock performance of smaller companies, is on pace for worst month since October 2008 and also fell into a bear market this week.

-Both the Dow and the S&P 500 are now in the red for 2018 by at least 9%.

If you look at a basket of asset classes, there has only been only one smart place for investors to be during the back half of 2018:

Read more at Investopedia.

Barack Obama Tattoos

With Barack Obama's approval ratings still at a solid 62%, I became suddenly curious to know how popular the 44th U.S. President really is. Are people so enamoured with President Obama that I could do a quick Google search and turn up some photos of people with permanent tattoos of Obama inked into their very skin? Oh yeah. It's that bad. Below are ten examples of Barack Obama tattoos (some decent, some pretty awful). PS: As a control, I decided to Google "bush tattoos." I found only two examples in the first couple pages, and they were decidedly anti-Bush. I also learned to never, ever Google "bush tattoos" again. Seriously. Don't. There are some gross tattoos out there. In the interests of full disclosure, I must admit that I am not a fan of President Obama . But I've got to say that the tattoos above aren't nearly as bad as this: Editor's note: The pictures are linked to their respective sources. To view the source pages, simply click ...

Legal Marijuana On The Michigan Ballot for 2018

A Michigan ballot initiative to legalize recreational marijuana received enough valid signatures to qualify for a vote in November. When the required number of ballot signatures was certified by the State Board of Canvassers, the 4-0 decision of the board was met by cheers from supporters of the initiative who were present, the Detroit Free Press reports . Rick Thompson, a board member of the Michigan National Organization for the Reform of Marijuana Laws (NORML), put this ballot initiative in perspective as a matter of the State of Michigan safeguarding its own sovereignty and protecting its own citizens from an intrusive federal policy: "The people of Michigan deserve this. They earned it. We've faced many trials and tribulations. We've had so many stop and go signs from the federal government. That's why states have to take the reins on the issue and really be the crucibles of democracy that they've always been intended to be." Indeed the last time ...

What I did on the ten year anniversary of 9-11

During my brief trip to Korea, on the ten year anniversary of 9-11, I did exactly what the terrorists didn't want me to do: I lived without anxiety. I lived without regrets. I lived without fear. I let nothing intimidate me. I let my soul be still. I laughed with my friends. I tried something new. I marveled at nature. I sang at the top of my lungs... badly. My heart was at ease, because I spent all day knowing that for me, this day and every one that preceded it for the last decade was not about the terrorists, but about loving my life, the world I live it in, and the people with whom I am so lucky to share this world. The best memorial I could offer for so many thousands murdered ten years ago, was to ignore their murderers, live without terror in my heart, and in its place let blossom joy. This post is dedicated to you, chingu . Wes Messamore , Editor in Chief, T H L Articles | Author's Page

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