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"Although an instrument of the US Government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government ..."
IOW, the Fed is not really "his own Fed" -- They quite often get arbitrary regarding interest rates and are sometimes at odds with the President
Of course, we all know "everything negative is always Trump's fault" ... and "everything positive is merely a continuation of Obama's policies"
Who has been taking credit (or being given credit)for a rising economy and market for the last 8 years, even though he has only been in office for less than two again??
Tech shares fell more than 4.5 percent Wednesday, marking their worst day since 2011
The sell-off led to the Dow sinking more than 800 points and the S&P 500 dropping more than 3 percent. It was also the 28th time since 2011 the S&P 500 posted a more than 2 percent decline, according to data from Birinyi Associates. Dow falls again, bringing 2-day losses to more than 1,000 points
6-day losing streak!
Not looking so rosy now!
Smiling as Americans are losing their retirement savings. No wonder we hate liberals.
This is 1st time ever that I’ve “timed the market.”
Hopefully I’ll time it right when I go back in
Count me unimpressed.
Had you made a statement of getting out at the time you say and before the drop in the market I would be impressed. Everyone can be a tall handsome internet cowboy after the fact.
DOW closed down 545. That’s better than yesterday’s drop. Maybe in another week or three the market will rise again.
I’m getting my tea leaves out to help me time my jumping back in.
Optimist that I am, I believe that these tiny slow interest rate increases won’t matter much to the market. Also, I believe that the China Trade War will be settled or diminished for two reasons. Reason #1: Xi will outsmart Trump and barely change their tariffs - Trump will proclaim a total victory. Reason #2: Trump will simply back off as he sees the market flounder
Fundamentals are still great, at least in the only sector that I care about (tech). Once China Trade War is settled, iPhones will still be manufactured in China, and the U.S. can buy semi’s from China etc. and beat goes on and on
Dear F’ing Moron: please just shut the F up about tariffs
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