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He never said they would pay for themselves instantly. No one did.
Its not like instant coffee. Did you know that ?
Oh look, the gap was already closed on the DOW only down right now about 60 points.
Ended up down a lot more than that (roughly twice as much) - and tomorrow is another day. The market has been on a downward trend for while now and it's likely it's not done yet.
""The correction that's been rolling across the stock market in individual stocks and sectors has been sending a warning that slower global growth, a stronger dollar and rising costs could hurt corporate profits, and now companies are confirming it.
Caterpillar and 3M reported earnings news that disappointed the street. Both spoke about rising costs. Caterpillar said manufacturing costs are rising, and 3M said it sees signs of a slowdown in China, headwinds from tariffs next year and continued increases in materials costs...."
Mind you, the market is still up from where it was when Trump took office - but only up a bit over HALF as much as it was under Obama at this point in his presidency.
What a sad commentary on your value system that you believe a known con man, liar, thief and worse to be held up as a role model - for anyone.
Trump never met a loan he didn't figure a way not to pay - he's stiffed enough US banks they won't lend to him anymore, nor a workman or contractor he didn't try to get out of paying or chisel, or a retiree or person he didn't try to scam out of their life savings (think Trump University).
Shame on you for such a low standard.
Do you also teach your children lie, steal and cheat as a way to get ahead in life?
I'm surprised people overlook these things. This is his character. Now you see why he sides with the leaders and dictators of the world.That is until his advisors convince him otherwise. Business and money is always the first thing on his mind. He freely admits the millions he made / makes off of the Russians.
Ended up down a lot more than that (roughly twice as much) - and tomorrow is another day. The market has been on a downward trend for while now and it's likely it's not done yet.
""The correction that's been rolling across the stock market in individual stocks and sectors has been sending a warning that slower global growth, a stronger dollar and rising costs could hurt corporate profits, and now companies are confirming it.
Caterpillar and 3M reported earnings news that disappointed the street. Both spoke about rising costs. Caterpillar said manufacturing costs are rising, and 3M said it sees signs of a slowdown in China, headwinds from tariffs next year and continued increases in materials costs...."
Mind you, the market is still up from where it was when Trump took office - but only up a bit over HALF as much as it was under Obama at this point in his presidency.
Ken
Yet it wasn't but a short time back all the complaining was about stock buy backs propping the market up and how bad that was. Now the markets going south not a word about stock buy backs. If they were propping the market up, why is it going south ?
Money is their god - doesn't matter how it's accumulated. The low-IQ idiots think it's cute - that he's sticking it to the world. These people are impotent and powerless - the orange buffoon makes them feel strong. It would be pitiful if it wasn't so frightening. This lack of ethics, value, system, morality will be the downfall of this country. Trump is very much a symptom of a very amoral populace.
If only our country had a paragon of financial astuteness and intellect like yourself leading us, instead of a billionaire real-estate agent with no idea how to accumulate wealth. Alas, you're too busy posting on City Data forums at 3 in the afternoon
98% of posters in this thread couldn't amortize my mortgage if asked, but they all feel qualified to give financial criticisms and insights
What a sad commentary on contemporary culture and events
98% of people in the country couldn't amortize a mortgage.
Yet it wasn't but a short time back all the complaining was about stock buy backs propping the market up and how bad that was. Now the markets going south not a word about stock buy backs. If they were propping the market up, why is it going south ?
Trumps tariffs, the prospect of slower growth coming up, etc.
The buybacks worked for a while, but apparently not anymore. kind'a shows that the surge was not based on any real strength, but was indeed largely propped up by the buy-backs.
The collapse WILL end at some point. We MIGHT be close to that end - or not, either way it's looking like most (if not all) of this years gains are gone. it's possible it MAY be recovered by the end of the year, but unless Trumps' tariffs are lifted that's probably not too likely.
Yet it wasn't but a short time back all the complaining was about stock buy backs propping the market up and how bad that was. Now the markets going south not a word about stock buy backs. If they were propping the market up, why is it going south ?
Trumps tariffs, the prospect of slower growth coming up, etc.
The buybacks worked for a while, but apparently not anymore. kind'a shows that the surge was not based on any real strength, but was indeed largely propped up by the buy-backs.
The collapse WILL end at some point. We MIGHT be close to that end - or not, either way it's looking like most (if not all) of this years gains are gone. it's possible it MAY be recovered by the end of the year, but unless Trumps' tariffs are lifted that's probably not too likely.
Ken
They work for years when Obama was in office making all the free money available with no increase in interest rates but they don't work anymore you say.
We aren't even halfway down point wise as we were in the January correction and your calling it a collapse.
We have a ways to go to test the lows at 23,500. Then you could see a collapse especially if S.A. sends oil to $200 a barrel.
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