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The president is 100% right. The market dips on good news because they're afraid that good news will cut off the cheap money. Rising wages and low unemployment is GREAT for working class citizens, Bad news for investors because it will cause the fed to raise interest rates.
Yes, after the incredibly long run up, a 9% drop (if thats what its been) is considered healthy, so I'm happy for a healthy market.
A 9% drop is certainly healthy after a long run up, a 9% drop in a matter of days is another question entirely. With that said after a nice upswing yesterday during a very volatile trading session, the market is up again currently in what at least so far has been a much less volatile trading day, so we will see if that holds.
Numbers don't lie my spin-happy friend. It is what it is. Largest point drop ever.
Why you insist in denying it is beyond me.
I've never denied it was the largest point drop, I've called you out multiple times for calling it the biggest drop ever without including the "point drop" because doing so is misleading, I've also had to correct you when you said it was the 14th largest percentage drop ever which was just completely wrong. So lets not sit here and pretend I'm denying anything, or spinning anything, I'm simply presenting facts to clear up your misunderstanding or intentional misrepresentation of the actual market behavior and facts.
I've never denied it was the largest point drop, I've called you out multiple times for calling it the biggest drop ever without including the "point drop" because doing so is misleading, I've also had to correct you when you said it was the 14th largest percentage drop ever which was just completely wrong. So lets not sit here and pretend I'm denying anything, or spinning anything, I'm simply presenting facts to clear up your misunderstanding or intentional misrepresentation of the actual market behavior and facts.
Some people love propaganda, others facts.
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