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Originally Posted by cheyenne2134 But it is scary how on paper there is absolutely no reason for it to fall drastically like it is.
Especially after corporations and the wealthy are going to receive drastic savings from the tax plan this year.
Maybe there was no reason for it to have gone up as much as it did and when it started to fall a lot of people panic and take their profits.
And thats even more scary, panic selling
Why are people panic selling (mind you its the day traders who make millions who are effecting the market right now). Why did they lose confidence in the market when everything has been pointed in a positive direction including their paychecks.
The worst day in US history was 700+ points, so this is twice as bad as that.
You measure by percent, not points.
Quote:
Originally Posted by cheyenne2134
But it is scary how on paper there is absolutely no reason for it to fall drastically like it is.
Especially after corporations and the wealthy are going to receive drastic savings from the tax plan this year.
No reason? High wage growth has invoked the threat of an interest rate increase, that is one, very good reason.
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