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Some lib loser on CNN just said the stock market is down 200 points today because of Trump
Posted on 8/17/17 at 8:31 pm
Posted on 8/17/17 at 8:31 pm
Idiot it's down because a Muslim drove a van through a crowd in Barcelona and killed 13 people.
Posted on 8/17/17 at 8:32 pm to Jtigers99
Oh well, it's still at all times highs since he took office so they can eat a bag of dicks
Posted on 8/17/17 at 8:38 pm to upgrayedd
Why do they hate prosperity?
Posted on 8/17/17 at 8:39 pm to Jtigers99
It seems that there is a panic because they are worried Trump may not be able to deliver tax reform.
Posted on 8/17/17 at 8:40 pm to Jtigers99
quote:
Why do they hate prosperity?
They don;t like to admit their side stunted prosperity. Hell, I've seen a shitload of progressives on tv saying all these stock market gains are 100% attributable to Obama
Posted on 8/17/17 at 8:48 pm to Jtigers99
quote:
Idiot it's down because a Muslim drove a van through a crowd in Barcelona and killed 13 people.
You don't follow the markets very closely, do you. "Ordinary" terrorist attacks don't faze it that much these days. If you had to pin today's 274 point drop in the DJIA on one single thing, it would be worry that Gary Cohn may join the CEOs and bail due to @real's nonsense, and that might be the start of other good people leaving to avoid his growing stench tainting them forever.
Posted on 8/17/17 at 8:53 pm to Spock's Eyebrow
You people read too much yahoo post hoc ergo propter hoc financial news.
Posted on 8/17/17 at 8:54 pm to Jtigers99
Up 20% since he was elected, so yeah down 1.2% because of trump, yet up 20% because of trump, you don't get to pick one day without the rest
Posted on 8/17/17 at 8:57 pm to Jtigers99
The Dow is at record levels because of Trump, but it's down today because of rumors that Gary Kohn might resign from his role of economic advisor. The attack only had a small effect comparatively.
Posted on 8/17/17 at 8:59 pm to Jtigers99
quote:I don't think that's correct either. Markets seem to be immune to terrorist attacks nowadays.
Idiot it's down because a Muslim drove a van through a crowd in Barcelona and killed 13 people.
So I think both you and the CNN commentator are picking a singular cause, when it rarely exists, unless it's completely market related.
Besides this article is actually arguing both, along with the more market related cause from Cisco's earnings report:
Stock market closes sharply lower as tech shares wither
quote:
U.S. stock benchmarks on Thursday finished down at least 1% as heightened concerns about President Donald Trump’s legislative agenda and news of a terrorist attack in Barcelona combined to foster selling on Wall Street. Technology shares suffered the worst of the beating following disappointing results from Cisco Systems.
Posted on 8/17/17 at 9:00 pm to AnonymousTiger
quote:I'm sure he's had a positive impact, but I think there are far more important factors contributing to it, like the companies themselves.
The Dow is at record levels because of Trump
Posted on 8/17/17 at 9:02 pm to buckeye_vol
Companies themselves are betting on the tax reforms that Trump has promised and that Kohn is leading. It's absolutely because of Trump and his pro business policies/plans.
This post was edited on 8/17/17 at 9:03 pm
Posted on 8/17/17 at 9:02 pm to buckeye_vol
Like because he is pro company, no wait ...
Posted on 8/17/17 at 9:04 pm to Jtigers99
So the same media that refused to credit him for the enormous growth credits him with an extremely tiny drop over 1 day.
Yea what media bias
Yea what media bias
Posted on 8/17/17 at 9:05 pm to buckeye_vol
Yea the overhaul over regulations has nothing to do with it
Posted on 8/17/17 at 9:07 pm to Catman88
I wouldn't call it "extremely tiny." Personally, I lost thousands of dollars today. But I expect to more than make that up when Trump gets his tax reforms through.
Posted on 8/17/17 at 9:08 pm to Jtigers99
CNN is going to melt when Q3 GDP growth flirts with 4%.
Posted on 8/17/17 at 9:09 pm to AnonymousTiger
quote:Sure. And I said he had a positive impact.
Companies themselves are betting on the tax reforms that Trump has promised and that Kohn is leading.
quote:I mean it was already at record highs, and trending upward. So you can obviously argue he helped the trend with his proposals. HOWVEVER, even as the proposals have seemed less likely to be instituted, given the current nature of things, it has continued on its trend.
It's absolutely because of Trump and his policies/plans.
Again. It's likely that he has helped it, but it's ridiculous to act like he's the sole cause of the success.
Posted on 8/17/17 at 9:11 pm to Spock's Eyebrow
quote:
You don't follow the markets very closely, do you. "Ordinary" terrorist attacks don't faze it that much these days. If you had to pin today's 274 point drop in the DJIA on one single thing, it would be worry that Gary Cohn may join the CEOs and bail due to @real's nonsense, and that might be the start of other good people leaving to avoid his growing stench tainting them forever.
You don't have the intelligence of Spock's Eyebrow. The market knows there is $3.5 trillion in student loan debt/new car loans, single resident building permits are down across most of the country, multi unit real estate has reached saturation and is now heading towards too much inventory, there has not been a recession in 10 yrs, the investment/financial people know it's (recession) coming, it always does.
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