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Again, it’s amazing how U.S. presidents can control the stock market. How do they do it?
I once heard that Ulysses S. Grant installed a complex system of levers and pulleys into the White House that could directly control the stock market. But I think that’s probably an an urban legend.
The S&P 500 has lost more than $1 trillion in market value just three trading days into February.
With the S&P down about 4.6 percent for February as of Monday afternoon, the benchmark stock index had lost more than $1 trillion in market capitalization since the close on Wednesday, Jan. 31, according to CNBC data. The S&P briefly was down more than 5 percent for February before recovering slightly.
Again, it’s amazing how U.S. presidents can control the stock market. How do they do it?
I once heard that Ulysses S. Grant installed a complex system of levers and pulleys into the White House that could directly control the stock market. But I think that’s probably an an urban legend.
I think you’re mistaking Grant for the Wizard of Oz.
Well, now that the market is whipsawing the other way as higher Fed interest rates are on the horizon and bond yields surge pressures equities growth...I'm curious if Trump is going to continue to take such direct credit for everyone's 401K balances.
...or if now he'll start pointing fingers at Barack Obama.
Well, now that the market is whipsawing the other way as higher Fed interest rates are on the horizon and bond yields surge pressures equities growth...I'm curious if Trump is going to continue to take such direct credit for everyone's 401K balances.
...or if now he'll start pointing fingers at Barack Obama.
Easy. Anything good is me, anything bad is someone else. Rinse and repeat for 71 years.
I'm sure the OP will be back to tell us all why Trump is not responsible when the market goes down. Probably blame it on Obama.
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