Dow plunges 670 points, will trump take credit? Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices...

DJRich Loc: Western Pa

Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices were down today.

Thanks trump, if this continues, your chump change won't save your supporters 401k's

guitarman Loc: University Park, Florida

Everyone in the market knew we were due for a correction. The only people losing money are those that panic and sell. They market will come back and move much higher.

Crayons Loc: St Jo, Texas

In case you don't know, Markets need Volatility,
folks that play the market depend on it.

I saw the elevator ride down and i'll wager
quite a few folks who placed their short sell bets
made Mucho Dinero's.

DJRich Loc: Western Pa

No doubt you are correct, but since trump loves to take credit for EVERYTHING, he can also take credit for today

guitarman wrote:

Everyone in the market knew we were due for a correction. The only people losing money are those that panic and sell. They market will come back and move much higher.

roy

guitarman wrote:

Everyone in the market knew we were due for a correction. The only people losing money are those that panic and sell. They market will come back and move much higher.

I think talk of interest rate hikes sent the market down you know with the tax cuts there somebody there waiting to take it back from you.Just like ss,you get a little raise and the insurance company gets it,But dont worry about this little correction,worry about the big one thats coming it will be a dusey,mite have some people jumping out of windows.

bmac32 Loc: West Florida

Did Obama? No president in my lifetime has so why do think Trump should? Brain problems???

DJRich wrote:

Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices were down today.

Thanks trump, if this continues, your chump change won't save your supporters 401k's

Weasel Loc: In the Great State Of Indiana!!

DJRich wrote:

Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices were down today.

Thanks trump, if this continues, your chump change won't save your supporters 401k's

The 2 & 1/2 % drop in the market was only Crums compared to the gains during Trump's Presidency. I am sure he will take the credit.

EconomistDon

DJRich wrote:

Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices were down today.

Thanks trump, if this continues, your chump change won't save your supporters 401k's

You are so funny DJ. Yep, the Dow Jones Industrial average fell today. But I don't think that investors are jumping out windows over it. In fact, they are all still pretty thrilled with the Trump market boom. Since Trump took office, the DJI is up 8000 points, which is a 44.4 percent gain. The market rarely moves in a straight line, so don't get your panties all in a twist over this pull-back. Here is a chart to put it in perspective.

DJRich Loc: Western Pa

You and the other usual suspects are so busy trying to defend trump and his big mouth, you overlook the simple fact that the DJ fell despite the big mouth of trump braggingh about how good he is doing.

Talk about people being snowflakes, that is the most appropriate term for trump supporters

EconomistDon wrote:

You are so funny DJ. Yep, the Dow Jones Industrial average fell today. But I don't think that investors are jumping out windows over it. In fact, they are all still pretty thrilled with the Trump market boom. Since Trump took office, the DJI is up 8000 points, which is a 44.4 percent gain. The market rarely moves in a straight line, so don't get your panties all in a twist over this pull-back. Here is a chart to put it in perspective.

EconomistDon

DJRich wrote:

You and the other usual suspects are so busy trying to defend trump and his big mouth, you overlook the simple fact that the DJ fell despite the big mouth of trump braggingh about how good he is doing.

Talk about people being snowflakes, that is the most appropriate term for trump supporters

It's OK DJ, we understand that Trump's success is just killing you. So we are not offended to hear you vent your frustration. Get it all off your chest, take two aspirin and get some sleep. Maybe you will feel better in the morning.

EconomistDon

DJRich wrote:

You and the other usual suspects are so busy trying to defend trump and his big mouth, you overlook the simple fact that the DJ fell despite the big mouth of trump braggingh about how good he is doing.

Talk about people being snowflakes, that is the most appropriate term for trump supporters

DJ, it occurs to me that you probably don't understand the economy, the market, and interest rates. Today's selloff was in reaction to the threat of higher interest rates. They are inevitable and necessary. During Obama's reign, the Fed held interest rates near zero while pounding $80 billion per month into the economy under Quantitative Easing. The Fed was trying desperately to get the economy moving for Obama, but got only piddling growth. All that treasury bond activity has to be unwound at some point, and will definitely push interest rates higher. The fear is that unwinding too fast could precipitate hyper-inflation and recession. That scares markets. The feds actions over the previous eight years put the bond market and the banking system in a very precarious position. We should all be thankful that the powerful Trump economy may be strong enough to save us.

DJRich Loc: Western Pa

The Dow nearly tripled under President Obama, from 6700 to 18800.

If and that is a huuuuuge if trump does something of that magnitude, then, and only then, can he brag, boast, pat himself on his fat back, and tell all of his supporters how great he is.

Until then, he is just a minor league player.

EconomistDon wrote:

DJ, it occurs to me that you probably don't unders... (show quote)

EconomistDon

DJRich wrote:

The Dow nearly tripled under President Obama, from 6700 to 18800.

If and that is a huuuuuge if trump does something of that magnitude, then, and only then, can he brag, boast, pat himself on his fat back, and tell all of his supporters how great he is.

Until then, he is just a minor league player.

Wow, I feel like I am dealing with an elementary child who knows nothing. I must start with the very basics. Obama took office at the bottom of a tremendous market crash. The Bush administration took steps in November 2008 to shore up the banking system. (I can provide details on that if you need.) The result was an immediate turn in the markets that started the long advance that Obama is so proud of. The market was so severely sold off, there was huge upside potential. It didn't much matter what Obama did, the market was going to bounce back. Here is a chart for your study. Please note the acceleration in 2017 when investors realized that Trump was fixing the mess.

DJRich Loc: Western Pa

Your chart simply proves that the market momentum started after the disastrous bush administration, and continued during the rest of President Obama's term, trump is merely benefiting from that.

Now if the growth continues under trump, and this country is not buried by the ever increasing national debt and deficits, then trump can take all the credit he wants.

EconomistDon wrote:

Wow, I feel like I am dealing with an elementary c... (show quote)

Radiance3

DJRich wrote:

Despite the usual trump lies, and the usual blather from the fools at fox, also know as the trump fake news network, all major indices were down today.

Thanks trump, if this continues, your chump change won't save your supporters 401k's

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This is a natural correction. All economists understand why this happens. When the economy is booming, most of the people work and have lots of money to spend, then inflation happens. Law of supply and demand.

When there are more demands inflation comes up. The Federal reserve to stabilize economy, they raise interest rates to balance the market. When interest rates go up, the stock market falls, and the bond market goes up. That is how market operate. All economist and financial experts know this.

Over all the stock market has gone up to 28% just for one year of the Trump administration, after this down turn. Our economy is booming. Don’t worry about this. This is a stock market correction. The president is doing magnificent jobs.

Those democrats who don’t understand anything except free loading, they jump right away and attack. They are afraid, their belly will be empty again.