Dow Jones Industrial Average On Longest Losing Streak Since 1932.... HHTM and other RINOS

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The Dow was off by 1.6 percent by midday Friday, which brings its weekly decline to 4.11 percent. Barring a dramatic turnaround, this will be the eighth consecutive weekly loss for the index. That would be the longest losing streak since 1932.

The S&P 500 was down 1.9 percent for the day and 4.5 percent for the week. This is the seventh weekly loss for the broad index, the most since 2001. Compared with its January high, the S&P is down 20 percent. If it closes at this level, it will officially be a bear market.

Ten of the eleven sectors of the S&P were down, with only real estate hanging on to a 0.6 percent gain for the day. The worst performing sector was consumer discretionary stocks, down 3.73 percent.

The Nasdaq Composite fell 2.6 percent for a weekly decline of 5.6 percent.

Only six stocks on the Dow were in positive territory, led by Merck up by one percent. The worst performing stocks were Boeing, down 7.16 percent, and Caterpillar, down 5.17 percent.

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