Dow is currently in a freefall

[_subgenius]

This is now officially the worst Christmas Eve ever... and the worst December since 1931

https://www.marketwatch.com/story/the-s ... 2018-12-24

Let me guess...now its no longet Obama's economy?

[_canpakes]

This is now officially the worst Christmas Eve ever... and the worst December since 1931

https://www.marketwatch.com/story/the-s ... 2018-12-24

Let me guess...now its no longet Obama's economy?

Nope. Looks like we’ve had time for President Toddler’s tantrums to have an effect on things. It took a couple of years, but here we are.

[_canpakes]

I remember Republicans warning against Obamacare hurting the stock market on the basis that it would cause confusion and consternation for business, and that “the markets hate instability and uncertainty”.

Who knew that they’d end up electing someone capable of producing so much more instability and uncertainty?

spoken like someone blissfully unaware of the market.

Yes, that’s a Republican talking point for you. There are so many like that.

[_Kevin Graham]

This is now officially the worst Christmas Eve ever... and the worst December since 1931

https://www.marketwatch.com/story/the-s ... 2018-12-24

Let me guess...now its no longet Obama's economy?

The economy and the market are not synonymous. Go back to school.

[_Kevin Graham]

In 1993 when Bill Clinton became President the Fed rate was 2.8% and the DOW was at 3,300.

The Fed rate doubled to 6.0% February 1995.

The economy boomed and the stock market more than doubled over the next 3 years.

So when Trump and his followers start blaming the current stock market crisis on the Fed raising the rate from a measly 2.25% to just 2.50%, you know you're dealing with idiots with no sense of economic literacy or history.

[_honorentheos]

There is reporting out that the Chinese imported exactly zero soybeans from the US this last month. That is probably the scariest aspect of Trump's influence on the economy. His trade war is pushing importers to find and establish alternative supply networks that will remain in place long after Trump is out of office. Keep in mind that China buying up soybeans in advance of tariffs back in Q2 of the year had a noticeable impact on pushing GDP growth over 4% which was being tossed around as a major win for Trump.

[_Kevin Graham]

Fed rates can be dealt with and handled. Business and banks can plan for it. A bump in rates may cause a few days of panic selling but not a melt down. The economy currently is strong and rates are still not that high.

What the market hates is erratic and unpredictable behavior from leadership of the USA which is exactly what we are seeing. And The Trump administration is exacerbating this with the Treasury Secretary blathering about the Banks and well then there are the rants from the Twitter in Chief.

[_canpakes]

Fed rates can be dealt with and handled. Business and banks can plan for it. A bump in rates may cause a few days of panic selling but not a melt down. The economy currently is strong and rates are still not that high.

What the market hates is erratic and unpredictable behavior from leadership of the USA which is exactly what we are seeing. And The Trump administration is exacerbating this with the Treasury Secretary blathering about the Banks and well then there are the rants from the Twitter in Chief.

Hey, we can just link back to the same article that subs used earlier to shoot himself in the foot.

https://www.nytimes.com/2018/11/02/busi ... tions.html

[_Bach]

What the market hates is erratic and unpredictable behavior from leadership of the USA which is exactly what we are seeing. And The Trump administration is exacerbating this with the Treasury Secretary blathering about the Banks and well then there are the rants from the Twitter in Chief.

So Mr Wall Street, what did the Market see today that they were not aware of on Monday?!?! (But I doubt you and the rest of the University Of IPhone grads here have a clue.)

Market up 1,000+ points today, largest one day gain in history!

[_Doctor CamNC4Me]

So Mr Wall Street, what did the Market see today that they were not aware of on Monday?!?! (But I doubt you and the rest of the University Of IPhone grads here have a clue.)

Market up 1,000+ points today, largest one day gain in history!

Oct. 13, 2008, the Dow gained 936.42 points for a 11.1% gain. That's the biggest day ever.

- Doc