Stock market plummets in response to presidential chaos.

Scouter said:
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.
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The market is more a predictive tool than anything else. Historically the market was seen a forecasting 6 months into the future. In this case, it will be getting very ugly , very soon.
 
Tacomaman said:
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.
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Trump doesn't do "learn".

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Yes, this is all about Trump this time and the wealthy who play the market are going to stop playing their cheap game with Trump and do what's best to save their hides. Bail out and leave the little guys screwed yet again.

This is what make the extreme right froth at the mouth!
 
archives said:
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
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Bomb bomb bomb, bomb bomb Iran
 
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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True. Of course, nobody made money this year if they allowed their 401k to be managed by others. But, this is what a lot of us have been waiting on...another crash, so that we can ride it back up.
 
Scouter said:
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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Bond market will be a viable option again next year.
 
Scouter said:
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.
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The idiot's trade war created a temporary glut, as everyone rushed to boost inventory ahead of the tariffs. Yes...this is what everyone knew would happen when the fool topped off his tax giveaway, with tariffs.
 
Wouldn't you like to be one of the ones that started the current sell-off?

Those are some very lucky and rich Chicken-Shit bastards! LOL!

I can't believe you guys didn't see this coming!
 
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