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Trump had to tout the stock market gains over the last 12 months to counteract the constant barrage of negative (fake) news coming from the liberal media.
Right now, this is not even a 10% market correction. We haven't had one of those in 2 years.
Regardless, I am making a few adjustments to my 401k, as we head towards 25K. Fortunately, I have that option. The said took an $18K hit, last week.
With regards to stocks, I am holding firm, as usual.
We've been in a huge bubble that is not the fault of Trump alone by any stretch of the imagination. We will soon see the next recession. That is never good for the party in the White House at the time but things are a bit different this time.
There are a growing number that will look for a candidate that isn't looking to reinflate another bubble.
Folks have to be careful what they take credit for because given enough time, whatever you take credit for usually undoes itself at least in part. The Dow was ripe for a "correction." ISIS probably isn't nearly as dead as Trump says and African-American unemployment went up last month.
Very well said. Trump and the GOP are setting themselves up and all we can say is "please proceed".
Are you and the Trumplodytes blaming Trump for the drop? ... or are you all just going to credit him for each rise?
i dont give anyone credit for each rise, or fall, but rather for trends. a single rise or fall means nothing in the markets, what means something is the long term. a rise or fall of 500 points in one day, it happens. a rise of 8000 points over a years time, not a usual occurrence. give credit where credit is due. if trump had done something to cause 500 point drop, make the case, if not, then you have nothing but hate.
We've been in a huge bubble that is not the fault of Trump alone by any stretch of the imagination. We will soon see the next recession. That is never good for the party in the White House at the time but things are a bit different this time.
There are a growing number that will look for a candidate that isn't looking to reinflate another bubble.
According to Trump the rise in the Dow belongs to him and him alone. If it falls, he owns that, too. No socialization of losses allowed.
This is why former presidents didn't call out increases to the stock market. Trump chose to do so, and now he should also accept responsibility for these enormous drops. You can't have it both ways.
Why is Fox News not talking about it or Trumpians?
Every single time the stock reached some major milestone up, they were crediting Trump immediately.
Biggest weekly loss in 9 years? Silence!
The fat man made a big mistake when he tehered himself to the stock market by taking credit for the big increases. Well guess what DUMMY the market has a way of going down as well, so own it, and take the heat coming with these historical drops.
This is a healthy, much needed correction. If we go below 23,000 I'd be surprised. This is opening up buying opportunities before tax reform earnings are released. Smart money is adding positions this week I bet
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