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Dow futures crashed shortly after Trump was elected. The market only recovered after investors realized Trump was unlikely to immediately derail the Obama economy.
But now, it's coming home to roost. The market is crashing over wages, interest rates, bonds, and inflation. Four things you can draw a direct link to his administration.
Not surprisingly, those evil companies from hellhole west coast are the ones who fared the best during the bubble and weathered the storm the best during this crash.
The ever present condescending snobbery of liberals isn't the crumbs of attitude they invest well.
It is the biggest stock in their portfolio though.
I just call 'em the way I see 'em, and was being serious, because when all these Trump supporters view the higher market and/or better economy as thanks to Trump, and not so much anything negative, that demonstrates a lack of understanding about what is going on around us, stupidity not hypocrisy.
Wait! That's not really right either. It's BOTH stupidity AND hypocrisy come to think about it!
I recall people blaming Obama for the continued market decline after he took office, a specific quote from Sean Hannity indicating the stock market was a reflection of confidence in the president. Sure presidents have some impact but don’t deserve entire credit or blame, this is just investors deciding the market is over priced. Trump needs to just shut up.
Institutional investors know how to shake the low hanging fruit from the trees (AKA jump on the bandwagon novice investors) until there are none left. Another way the rich get richer while the rest wonder what just happened...
Always good for a few more shakes that give some folks reason to think now is the time to get back in, before it really is, trying to time the market before they time themselves out of money to reinvest yet again...
That was exactly what was being said at the time. It sucked the suckers in before the correction. People didn't want to be left behind. The reoccurring theme before a bubble pop. Greed.
As opposed to the baseless pomposity of conservatives.
But, GREAT call on breaking 25,000, you may soon be crowing about breaking 23,000.
Trump is the greatest. He broke 25,000 twice. No one has ever done that before.
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