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Johnny2X2X

(19,051 posts)
Thu Aug 10, 2017, 01:45 PM Aug 2017

Stock market down

I think investors will soon realize having a childish maniac in the White House is going to be terrible for business no matter how many tax cuts for the rich he promises.

Taking a beating today.

The Bull Market has lasted for 8 full years, it simply can't continue. Trump has claimed ownership of the economy vociferously, he's going to own what happens from here on out.

9 replies = new reply since forum marked as read
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politicat

(9,808 posts)
2. There's usually an August slump, as well as October, January, and May.
Thu Aug 10, 2017, 01:50 PM
Aug 2017

It may be coincidence, but a lot of smallish investors use those funds for tuition. Tuition statements are often payable in August, October, January and May. Even 100,000 people each cashing out a few thousand to write those checks can can cause a noticeable drop.

PoindexterOglethorpe

(25,848 posts)
3. Taking a beating?
Thu Aug 10, 2017, 01:54 PM
Aug 2017

Right now it's down less than 1%. That's hardly taking a beating.

The stock market goes up. It goes down. Over time it goes up more than it goes down.

We probably are due for a correction of some time, maybe 10%. But people here keep on predicting a genuine blood bath which hasn't happened yet. Trying to time the market is a fool's game.

 

Still In Wisconsin

(4,450 posts)
5. Trump was right about one thing during the campaign... the current level of the markets is
Thu Aug 10, 2017, 02:14 PM
Aug 2017

a bubble. Funny how that changed to "the greatest economy ever" once Four Chins took office, innit?

eleny

(46,166 posts)
7. How can you tell it's not? Looks like all three markets are down right now
Thu Aug 10, 2017, 02:44 PM
Aug 2017
http://money.cnn.com/data/markets/

Maybe they'll recover before the bell. But as I type they're all down.
Latest Discussions»General Discussion»Stock market down