General Discussion

louis c

(8,652 posts) Thu Mar 22, 2018, 08:59 PM Mar 2018

I noticed that Trump and his team are not bragging about the stock market

Trump mentioned every day that the market hit a new record. Of course, Trump took over a bull market that was in record territory already. It wasn't like he came in with a stock market down 50%. It was bullshit then, but now, he really is making an effort to fuck up this economy that Obama built.

The Dow was down 725 points today, or 3%. Believe me, I'm not gloating. I lost about $9,000 today in my annuity.

However, it should be noted that everyone had to listen to a "market wrap" from Trump when things were good, but now, crickets.

And the futures market portends a bad Friday.

Link;
http://money.cnn.com/data/premarket/

6 replies

= new reply since forum marked as read

Highlight:

I noticed that Trump and his team are not bragging about the stock market (Original Post) louis c Mar 2018 OP

We're in correction territory, 10% loss in market. yallerdawg Mar 2018 #1

Yup, was discussing this with my financial adviser (my dad) while doing my taxes BigmanPigman Mar 2018 #2

All the momentum and and benefits from the corp tax cut brokephibroke Mar 2018 #3

It's still up 20%, move on njhoneybadger Mar 2018 #4

Market tripled under Obama (6,000 to 18,000) louis c Mar 2018 #5

I'm Sure You Expected Nothing Different, Louis ProfessorGAC Mar 2018 #6

yallerdawg

(16,104 posts)

1. We're in correction territory, 10% loss in market.

Reply to louis c (Original post)

Thu Mar 22, 2018, 09:05 PM

Mar 2018

This is not managing an economy, this is blundering around like an idiot!

BigmanPigman

(51,590 posts)

2. Yup, was discussing this with my financial adviser (my dad) while doing my taxes

Reply to louis c (Original post)

Thu Mar 22, 2018, 09:12 PM

Mar 2018

today. He just shakes his head and said. "...and tomorrow it will go back up...this is NOT normal". Nothing is normal. We are living Bizarro World now.

brokephibroke

(1,883 posts)

3. All the momentum and and benefits from the corp tax cut

Reply to louis c (Original post)

Thu Mar 22, 2018, 09:14 PM

Mar 2018

Gone. Trade is vital for our economy. What a stupid idiot trump is. And Larry Kudlow? What a douche.

njhoneybadger

(3,910 posts)

4. It's still up 20%, move on

Reply to louis c (Original post)

Thu Mar 22, 2018, 09:20 PM

Mar 2018

louis c

(8,652 posts)

5. Market tripled under Obama (6,000 to 18,000)

Reply to njhoneybadger (Reply #4)

Fri Mar 23, 2018, 08:15 AM

Mar 2018

To match that, Trump needs two terms and a Dow that reaches 54,000.

ProfessorGAC

(65,013 posts)

6. I'm Sure You Expected Nothing Different, Louis

Reply to louis c (Original post)

Fri Mar 23, 2018, 08:20 AM

Mar 2018

When the crowing was going about, the rise was within the prediction interval established by the Dow and S&P growth the previous 72 months. It was at the high end of that interval, but within the 95% CI.

So, "it" had little to do with where the market was at the time all the chest pounding was going on.

Now, that's it fallen, and there are attributable causes to this maladministration, there won't be a peep. That said, we're STILL in the 95% CI.

So, anything we've seen in the last year or so, was a predictable outcome and nothing this gang of misfits has done has really affected anything in either direction to a statistically significant degree. Which i suppose is a good thing, but more nonsense will likely only be a negative.

Reply to this discussion