Stock market plummets in response to presidential chaos.

T

Tacomaman

Verified User
Despite Mnuchin's effort to calm investors, the stock market plummets and registers its worst Christmas Eve EVER. This is light of the fact that today was not even a full day of activities. Foreign policy blunders, Mattis, Government shutdown and Trump's twitter tirade over the Fed Chair are combining to send the market on a significant and lasting downward spiral.

Every president in modern history has been aggravated when the Fed Chair raised interests rates. However, past Presidents were savvy enough, tactical enough, and smart enough to understand that criticizing the Fed Chair would not help. Given that Trump continues to show that he lacks and of the aforementioned qualities of his predecessors, the current market spiral is anything but surprising.

One of these days (and we can only hope that it is sooner rather than later) somebody may actually convince Trump to avoid his egotistical tendencies and simply learn to keep his mouth shut.
 
Mnuchin brought up a problem about liquidity in banks that few had considered. Now many are more afraid than ever.
 
this hopefully ends the IDIOT idea that CEOs know more than government leaders who actually LISTEN to our experts
 
Trump's only saving grace here is that it is Christmas, less people, understandably, will be paying attention, and the Market gets a break to hopefully settle. If it comes back Wednesday as it finished today Trump is going to have to come up with something really big to get his usual deflection, a tweet attack won't do it
 
The Stock Market was over-inflated with Junk Bonds and Hedge Funds mostly on borrowed unsecured money anyway!

This is what happens when the Stock Market is over-inflated with that kind of crap!

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it will be interesting what he will stoop to while the law comes for him.

the people still around him will be in a lot of trouble too


he should be removed from office



he will be eventually



but those that are NOT DOING IT NOW will be torn to shreds by history
 
evince said:
it will be interesting what he will stoop to while the law comes for him.

the people still around him will be in a lot of trouble too


he should be removed from office



he will be eventually



but those that are NOT DOING IT NOW will be torn to shreds by history
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Trump will likely be removed from office.....by term limits, lol.
 
https://constitution.findlaw.com/amendment25.html



Section 4. Whenever the Vice President and a majority of either the principal officers of the executive departments or of such other body as Congress may by law provide, transmit to the President pro tempore of the Senate and the Speaker of the House of Representatives their written declaration that the President is unable to discharge the powers and duties of his office, the Vice President shall immediately assume the powers and duties of the office as Acting President.
 
I never could understand why so many get freaked over what the stock market does. It will always have ups and downs, we'll always have recessions and recoveries. In the long run the market always goes up.
 
anonymoose said:
I never could understand why so many get freaked over what the stock market does. It will always have ups and downs, we'll always have recessions and recoveries. In the long run the market always goes up.
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It is always the ones that obviously collect public assistance and have zero money in the markets that make the most noise about it.
 
countryboy said:
Or, are simply too stupid to realize their retirement fund is invested in the stock market.
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Very true. Or in the case with most of the far, far left on this board not realizing their welfare checks have nothing to do with the stock market.
 
Trump's undeserved ego tells him he's the smartest guy in the room where ever he goes. Not true, and his choosing felons for his entourage proves this. The best hope is he will cop a plea deal and resign to avoid jail.
 
The only thing the Stock market does is tell you what already happened - in this case, Trump's Trade War trashed the economy months ago, and the markets finally reacted.
 
True - but in the long run we're all dead. (JM Keynes) In the l;ast decade the market has done little but redistribute wealth from small investors to the large. Depending on YOUR investments for retirement is probably not a great idea, but for most folks, it's the only option.
 
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