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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 by Jtigers99
Holly Beach, USA
Member since Dec 2014
1841 posts
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 by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 8/17/17 at 8:32 pm to
Oh well, it's still at all times highs since he took office so they can eat a bag of dicks
Posted by Jtigers99
Holly Beach, USA
Member since Dec 2014
1841 posts
Posted on 8/17/17 at 8:38 pm to
Why do they hate prosperity?
Posted by goofball
Member since Mar 2015
16864 posts
Posted on 8/17/17 at 8:39 pm to
It seems that there is a panic because they are worried Trump may not be able to deliver tax reform.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134865 posts
Posted on 8/17/17 at 8:40 pm to
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 by Spock's Eyebrow
Member since May 2012
12300 posts
Posted on 8/17/17 at 8:48 pm to
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 by McLemore
Member since Dec 2003
31499 posts
Posted on 8/17/17 at 8:53 pm to
You people read too much yahoo post hoc ergo propter hoc financial news.
Posted by KeyserSoze999
Member since Dec 2009
10608 posts
Posted on 8/17/17 at 8:54 pm to
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 by AnonymousTiger
Franklin, TN
Member since Jan 2012
4863 posts
Posted on 8/17/17 at 8:57 pm to
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 by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 8/17/17 at 8:59 pm to
quote:

Idiot it's down because a Muslim drove a van through a crowd in Barcelona and killed 13 people.
I don't think that's correct either. Markets seem to be immune to terrorist attacks nowadays.

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 by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 8/17/17 at 9:00 pm to
quote:

The Dow is at record levels because of Trump
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.
Posted by AnonymousTiger
Franklin, TN
Member since Jan 2012
4863 posts
Posted on 8/17/17 at 9:02 pm to
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 by KeyserSoze999
Member since Dec 2009
10608 posts
Posted on 8/17/17 at 9:02 pm to
Like because he is pro company, no wait ...
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 8/17/17 at 9:04 pm to
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
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 8/17/17 at 9:05 pm to
Yea the overhaul over regulations has nothing to do with it
Posted by Seldom Seen
Member since Feb 2016
40182 posts
Posted on 8/17/17 at 9:06 pm to
quote:

lib loser on CNN



Posted by AnonymousTiger
Franklin, TN
Member since Jan 2012
4863 posts
Posted on 8/17/17 at 9:07 pm to
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 by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63026 posts
Posted on 8/17/17 at 9:08 pm to
CNN is going to melt when Q3 GDP growth flirts with 4%.
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 8/17/17 at 9:09 pm to
quote:

Companies themselves are betting on the tax reforms that Trump has promised and that Kohn is leading.
Sure. And I said he had a positive impact.
quote:

It's absolutely because of Trump and his policies/plans.
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.

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 by Bass Tiger
Member since Oct 2014
46121 posts
Posted on 8/17/17 at 9:11 pm to
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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