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Except that the market has fallen far more than just 2%. The Dow peaked at 26,616 on Jan 26 and now is down more than 3,000 points since then, a fall of more than 11%.
Trump is singlehandedly breaking the bull market. Not an easy thing to do.
Trump is singlehandedly breaking the bull market. Not an easy thing to do.
Its rare that a president affects the market. Trump is demonstrating how much a president CAN do so if they choose to. He's done some things that brought it higher at the cost of consumers and the environment, and now he has demonstrated how he can crash it via a trade war. Its kind of impressive. I rarely attribute the stock markets to presidents.
Now this is far outside my area of legal expertise, but I am thinking shareholders in Amazon have a basis for filing a libel suit against President Trump.
We must recall that Mr. Trump proclaimed, via Twitter, that 1) Amazon pays 'little or no' state and local sales tax; and 2) that the Post Office loses money on every package it delivers for Amazon.
Both tweets were lies.
Now, state laws vary, of course (there is no Federal law regarding slander/libel, save for very narrow circumstances). However, most states do have such laws regarding damages against those that slander/libel a business, causing the business to lose money or take a hit on their reputation.
Indeed, some herein may recall several suits involving 'food slander', including some Texas beef association suing Oprah Winfrey back in the 1980s for libeling the beef industry, and a more recent suit against ABC concerning 'pink slime'.
Mr. Trump has, by his libelous tweets, harmed Amazon's financial status and its reputation.
I would not be surprised if Amazon, on behalf of its shareholders, filing a libel suit against one Donald John Trump.
Now this is far outside my area of legal expertise, but I thinking shareholders in Amazon have a basis for filing a libel suit against President Trump.
We must recall that Mr. Trump proclaimed, via Twitter, that 1) Amazon pays 'little or no' state and local sales tax; and 2) that the Post Office loses money on every package it delivers for Amazon.
Both tweets were lies.
Now, state laws vary, of course (there is no Federal law regarding slander/libel, save for very narrow circumstances). However, most states do have such laws regarding damages against those that slander/libel a business, causing the business to lose money or take a hit on their reputation.
Indeed, some herein may recall several suits involving 'food slander', including some Texas beef association suing Oprah Winfrey back in the 1980s for libeling the beef industry, and a more recent suit against ABC concerning 'pink slime'.
Mr. Trump has, by his libelous tweets, harmed Amazon's financial status and its reputation.
I would not be surprised if Amazon, on behalf of its shareholders, filing a libel suit against one Donald John Trump.
He's not tanking it. He's manipulating it to the benefit of his cronies at Mar-A-Lago who get to hear what's about to get blasted out on Twitter before it happens.
Originally Posted by Kibby
A drop of less than 2% (or even 2%) is a long way from a "market tanking".
Quote:
Originally Posted by James Bond 007
Except that the market has fallen far more than just 2%. The Dow peaked at 26,616 on Jan 26 and now is down more than 3,000 points since then, a fall of more than 11%.
The Thread is based on the Market Action TODAY.
The Market was around 18,000 when President Trump was elected in 2016 - grew to 19,827.25 on the day of his Inauguration. Grew to a high of 26,616 on January 26th and the PANIC is because it currently stands at 23,526. Constant activity. "The Sky is Falling!!!!"
The PANIC time was 2009 ...... and most of us survived that. Those with CASH thrived, those near retirement really panicked to see their 401K dissolve (ours lost about 70%) - but CASH on hand allowed us to build to about double what we had. Drops in the Market are buying opportunities not a cause for panic, especially in the 2% range for the day.
The ups and downs of the US and World Markets are not nearly as important as the Economy, Job creation, GDP ....... but you surely knew that. Does everyone understand that for every stock "sale" - there is a "buy"?
Now this is far outside my area of legal expertise, but I thinking shareholders in Amazon have a basis for filing a libel suit against President Trump.
We must recall that Mr. Trump proclaimed, via Twitter, that 1) Amazon pays 'little or no' state and local sales tax; and 2) that the Post Office loses money on every package it delivers for Amazon.
Both tweets were lies.
Now, state laws vary, of course (there is no Federal law regarding slander/libel, save for very narrow circumstances). However, most states do have such laws regarding damages against those that slander/libel a business, causing the business to lose money or take a hit on their reputation.
Indeed, some herein may recall several suits involving 'food slander', including some Texas beef association suing Oprah Winfrey back in the 1980s for libeling the beef industry, and a more recent suit against ABC concerning 'pink slime'.
Mr. Trump has, by his libelous tweets, harmed Amazon's financial status and its reputation.
I would not be surprised if Amazon, on behalf of its shareholders, filing a libel suit against one Donald John Trump.
Amazon has the $ and legitimate reason to do this. And I would say, if possible, file against DJT directly so HE has to pay since he's tweeting out of his personal account .... let him face the legal fees, not the tax payers.
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