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Of course none of this has anything to do with Trump -- we know that -- not sure he knows that.
It’s uncertain he is remotely aware of what has been happening with the market at all. He’s been busy bungling memo releases and Ohio speeches. Never fear, delusional Trump supporters will brush it off as fake news. And Kellyanne will continue to say Trump is responsible for record highs but never ever for record dives, regardless how much influence the administration actually has on the market’s gains and losses. There is an entire bizarre and twisted logic that only Trump’s supporters grasp.
It’s uncertain he is remotely aware of what has been happening with the market at all. He’s been busy bungling memo releases and Ohio speeches. Never fear, delusional Trump supporters will brush it off as fake news. And Kellyanne will continue to say Trump is responsible for record highs but never ever for record dives.
but its not a 'dive'... it not even a correction yet, which does happen a lot ... the dow is still 3k higher than when trump came in 1 year ago.....
Nothing scares big money investors more than working class people making a little more money. A wage increase that is but a fraction of what workers are behind over the last decade causes a market meltdown.
but its not a 'dive'... it not even a correction yet, which does happen a lot ... the dow is still 3k higher than when trump came in 1 year ago.....
Have you looked at the futures for tomorrow? It’s already trending at a loss of 600 points, give it 3 more days of downtrend and that gain a year ago is gone. That’s huge considering a whole year of gains are lost for those that didn’t sell (which is most citizens)
The biggest issue is seemingly there isn’t an issue like war of economic instability to turn the stock market on its head like it did
I don't know whether his sycophants have noticed or not but the Dow has had negative daily decreases this week of 200+, 300+, and today will probably be another 300+ slide. In addition, we are in one of the longest bull markets ever (thanks BO) but as everyone knows we are way overdue for a major correction as the Dow is selling at a p/e of 24 vs a historical 17 p/e.
In addition the fed is starting to smell inflation and will more than likely raise rates aggressively this year, and that is never good for the stock market. So the reversion to the mean is coming, sooner rather than later, and I wonder what the fat man will have to say then?
Someone hasn't been following the market.
Thanks to The Fed, we've had an artificially robust stock market for a long time. It couldn't last forever.
Rates eventually had to go up. When they do, America's elderly, who are generally savers, and whose pockets were picked via near-zero interest rates to, among other things, assist credit abusers, might finally get theirs.
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