Markets tanking - Trumps fault?

[muzzlebrake]

Sent from my iPhone using Tapatalk

That's a knee slapper

[Killer]

Up today big

[BrianL]

I guess the Fed dropped rates so market could start to recover

[whitetailtrail]

Heck of a day. Set your AA and stay the path..

[GarGuy]

Biggest one day run in history today.

[tps7742]

Y’all remember 2008/2009 it was swinging wildly like it has been lately. Hopefully it’s just a correction. Unfortunately the trump kin is his own worst enemy allot of times.

[texasdeerhunter]

Live by the sword, die by the sword. Since Trump took full credit for the stock market doing well, then should he not take full credit for when it does poorly?

The real truth of the matter is that people don't understand that Presidents' don't have absolute control over the economy. They don't get to push a button that makes it do well or poorly. The fed (which is independent of any branch of the gov't) has an affect on the market by raising or lowering interest rates. Policies like taxes, subsidies, and regulations can affect the market, but it only does so much.

The real reason the market has blown up since Trump came in is because the tax cuts (expected and realized) gave companies the impetus to buy back insane amounts of stock. It didn't hurt that the economy was doing well, but stock market is not a perfect reflection of the economy. Consider the economy grew by 2.3% in 2017, and the stock market went up by ~20% (S&P 500). It's begging for a correction.

Lastly, we've been in a recovery for almost a decade. Historically speaking (looking at BLS data), the economy and market will have to cool off some point soon (or maybe right now), and then there will likely be a downturn.

This is pretty spot on

[muzzlebrake]

Retail sales have hit record highs for the last quarter for most of the big companies. Retail doesn't do that unless the economy is super strong where people have extra cash to spend. This report is what more than likely led to the surge yesterday. I still expect some more correction yet to come. Don't panic. It ain't over by a long shot. Lots of investors were taking big profits the last 3 weeks and yesterday they were buying back in cheap. MAGA!

[Dusty Britches]

This is what Chuck Butler said in his daily Pfenning:

.. the Fed is hell bent and whiskey bound to hike rates, and Fed Chairman Powell, basically said that, when he commented that he would be hiking rates more in 2019, and… this is the part that most pundits and economists forget about… He said that the Fed would be continuing to reduce their balance sheet by $50 Billion a month… Well, if that’s so… then that would be equal to $600 billion in 2019. That equates to 3 extra rate hikes on top of the two announced in his statement.

If that doesn’t bring down the house of cards economy here in the U.S. I’ll be a monkey’s uncle! ....

[RiverRat1]

And the reason he is screaming at the Fed about rates is he doesn't want people talking about the shutdown, tariffs, and trade wars.

In case you hate Trump so much you lose sleep at night.... Try to relax your brain a minute and think.. Government shutdowns mean nearly nothing. We had several of them before Trump. It's how politicians operate.

Tariffs and trade wars. What about them? You think America should always take the shaft? Do you not think we should negotiate the best terms for US?

Please explain

[texansfan]

.. Government shutdowns mean nearly nothing. We had several of them before Trump. It's how politicians operate.


Please explain

If the govt is a business and should be run like one, how many businesses shut down and only operate with "essential staff only" because of financial reasons?

Does trump run his personal companies like this?

Of the Top 10 countries in the world, how many have these govt shut downs and how many do they have every 10 year period?

Please explain.

[Mudslinger]

Markets started tanking when Dems won over the House even thought the do not have it until January! Feds are screwing this up also!

[PondPopper]

Markets started tanking when Dems won over the House even thought the do not have it until January! Feds are screwing this up also!

Exactly

[stickerpatch59]

If the govt is a business and should be run like one, how many businesses shut down and only operate with "essential staff only" because of financial reasons?

Does trump run his personal companies like this?

Of the Top 10 countries in the world, how many have these govt shut downs and how many do they have every 10 year period?

Please explain.

the gov. isn't shut down because of financial reasons, it's shut down because of political differences.
how many companies lay off employees only to rehire them in a few months with all of their back pay; you know.. like a paid vacation at our expense.

apples and oranges.

and who cares what the rest of the world does??

[Jon B]

Guys I am a Trump supporter. I do wish he would keep his mouth and twitter account shut . He looks weak when he plays to the critics. Let them think what they want and do the job you were elected to do.