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Dow down 1000 points

Posted on 8/5/19 at 2:11 pm
Posted by Desert King
Member since Oct 2018
1936 posts
Posted on 8/5/19 at 2:11 pm
Trump needs to be careful with this China trade war. I don’t think he can afford to go into an election year with a bear stock market under his belt.
Posted by AuburnTigers
Member since Aug 2013
6935 posts
Posted on 8/5/19 at 2:13 pm to
Trump loves to step on his dick when it comes to the stock market.

Got a rate cut, then slaps tariffs on China just to frick up everything.
Posted by NashvilleTider
Your Mom
Member since Jan 2007
11353 posts
Posted on 8/5/19 at 2:14 pm to
Trump's toast if the economy goes in the crapper. China knows this and is willing to tank their currency for a year.
Posted by saints5021
Louisiana
Member since Jul 2010
17442 posts
Posted on 8/5/19 at 2:14 pm to
Where was the Dow when Obama was in office? LOL
Posted by olemissfan26
MS
Member since Apr 2012
6235 posts
Posted on 8/5/19 at 2:16 pm to
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120172 posts
Posted on 8/5/19 at 2:18 pm to
I just bought stuff this afternoon, had been waiting for a nice pullback

Buying opportunity baws
Posted by Powerman
Member since Jan 2004
162194 posts
Posted on 8/5/19 at 2:18 pm to
quote:

Where was the Dow when Obama was in office? LOL

On a pretty constant uptick?
Posted by Big Scrub TX
Member since Dec 2013
33343 posts
Posted on 8/5/19 at 2:18 pm to
quote:

Trump needs to be careful with this China trade war. I don’t think he can afford to go into an election year with a bear stock market under his belt.
10 year treasury at 1.74% right now. Undoubtedly, a new wave of home refis will be triggered - and homeowners are voters. That matters way more than random stock market gyrations.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56204 posts
Posted on 8/5/19 at 2:19 pm to
quote:

Trump needs to be careful with this China trade war. I don’t think he can afford to go into an election year with a bear stock market under his belt.



Trump manufactured this. He needed the market to correct a little. All he will do is get it to head back up

Voters can only remember 90 days prior to the election. He has plenty of time.

Artificially messing with the market has become Childs play.
Posted by Walkthedawg
Dawg Pound
Member since Oct 2012
11466 posts
Posted on 8/5/19 at 2:21 pm to
quote:

China knows this and is willing to tank their currency for a year.


This is really gonna hurt xi. Why don't you just bend the knee and enjoy the ride
Posted by LSUBadger
Member since Jan 2014
2238 posts
Posted on 8/5/19 at 2:23 pm to
788 right now.

Pretty good chance it will be less than 500 by the close of market as bargain hunters swim in
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
21231 posts
Posted on 8/5/19 at 2:24 pm to
For some reason, I am not scared.
Posted by coonasswhodat
Gonzales, Louisiana
Member since Dec 2013
4112 posts
Posted on 8/5/19 at 2:25 pm to
The Dow, S&P 500, Nasdaq, and virtually every US stock market component went into full recovery mode about three months after President Obama was initially sworn in. Funny you should ask that question.
Posted by mizzoubeast
St. Louis
Member since Jun 2019
43 posts
Posted on 8/5/19 at 2:27 pm to
quote:

Trump loves to step on his dick when it comes to the stock market.

Got a rate cut, then slaps tariffs on China just to frick up everything.



Why the hell are there so many downvotes for this? everything is accurate. damn trump bunnies cant give their beloved pres any criticism. He screwed this up big time. hearing the market reaction is more due to the symbolic nature of the yen decreasing rather than over actual currency manipulation.
This post was edited on 8/5/19 at 2:35 pm
Posted by LSURussian
Member since Feb 2005
126960 posts
Posted on 8/5/19 at 2:28 pm to
quote:

symbolic nature of the yen decreasing
Posted by CAD703X
Liberty Island
Member since Jul 2008
77946 posts
Posted on 8/5/19 at 2:29 pm to
quote:

He screwed this up big time.


ok. noted for future reference.

i love the knee jerk reactions on here. trump is doing fine and china is suffering horribly. their little antics are just a blip on the radar.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123779 posts
Posted on 8/5/19 at 2:30 pm to
quote:

On a pretty constant uptick?
Relatively flat X 20+ months prior to the election. Predictions of recession in Hillary's first term.
Posted by NYNolaguy1
Member since May 2011
20869 posts
Posted on 8/5/19 at 2:32 pm to
You guys make no sense...

When the market goes up everyone dances around saying Trump is great.

When it goes down its not his fault.


Can we all agree that the president (of whichever party) often has very little influence over the market, whether it goes up or down?
Posted by SSpaniel
Germantown
Member since Feb 2013
29658 posts
Posted on 8/5/19 at 2:32 pm to
It's dropped this much before in a day or two, hasn't it? Like... late last year, if I remember. Made it an more back within a few weeks.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69895 posts
Posted on 8/5/19 at 2:33 pm to
quote:

I just bought stuff this afternoon, had been waiting for a nice pullback

Buying opportunity baws



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