The Stock Market Is Back on Track

The stock market has been on a wild ride lately, but after a big drop yesterday it’s now back on its trendline of the past couple of years:

For the time being, all that’s happened is that a few big drops have wiped out the huge gains of December and January. Until December, the market had gained about 16 percent per year in both 2016 and 2017. Now it’s reverted to that. Only if it starts to drop further will it be a sign of serious investor worries.

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OUR DEADLINE MATH PROBLEM

It’s risky, but also unavoidable: A full one-third of the dollars that we need to pay for the journalism you rely on has to get raised in December. A good December means our newsroom is fully staffed, well-resourced, and on the beat. A bad one portends budget trouble and hard choices.

The December 31 deadline is drawing nearer, and if we’re going to have any chance of making our goal, we need those of you who’ve never pitched in before to join the ranks of MoJo donors.

We simply can’t afford to come up short. There is no cushion in our razor-thin budget—no backup, no alternative sources of revenue to balance our books. Corporations and powerful people with deep pockets will never sustain the fierce journalism we do. That’s why we need you to show up for us right now.

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