Wall Street drops as banks, health stocks weigh

[DonViejo]

Source: Reuters


By Yashaswini Swamynathan

U.S. stocks fell on Tuesday, with healthcare and financial stocks coming under pressure, as investors assessed President-elect Donald's Trump's comments on the dollar and drug pricing.

The dollar index .DXY fell nearly 0.8 percent on Tuesday, after Trump warned that the dollar was too strong, hurting the competitiveness of U.S. companies.

Healthcare stocks .SPXHC took a beating after Trump told Washington Post that he would target pharmaceutical companies over drug pricing.

U.S. stocks and the dollar have rallied since Trump's election on bets that he would usher in an era of economic growth through fiscal stimulus. However, the rally has hit a speed bump as Trump has provided little detail on his policies.

Read more: http://www.reuters.com/article/us-usa-stocks-idUSKBN1511OI

[DetlefK]

1. And that's what happens to a stock-market which depends on the whims of a man-child.

[tazkcmo]

2. I hate Wall St.

This is just one reason:
"U.S. stocks and the dollar have rallied since Trump's election on bets that he would usher in an era of economic growth through fiscal stimulus. However, the rally has hit a speed bump as Trump has provided little detail on his policies."

The only "specific" Herr Twittler von Shit Gibbon has given is MAGA and now a speed bump because that's ALL he's said besides how he'd be an a-hole to a bunch of people.

FU Wall St

[Bengus81]

3. The DOW climbing since Nov is nothing but

one of the biggest phony PUMP jobs I've ever seen. It's rising on the news that an incoming Pres will TAX the hell out of some Corporations by 35%?!?!? The smart money is getting out NOW or already has and the bagholders won't believe it when the DOW tanks so fast their head will spin.

Rinse and repeat

[matt819]

4. I will keep saying this

Watch who is shorting these stocks, and any others that trump talks about. Remember, republican presidencies are about one thing and one thing only - what's in it for those elected and their cronies. This was the case with bush 43, reagan, probably bush 41, and most definitely with trump. He does nothing if it doesn't benefit him.

Car stocks. Drug stocks. Health care stocks. He's almost certainly making money every time he tweets about an industry. I'm afraid, however, that no one will investigate. Why should they? The regulators are making book as well.

[CanonRay]

5. "Trump has provided little detail on his policies"

No shit, Sherlock. And he never will because there are no policies, just bullshit.

[Botany]

6. Trump as President my predictions

1) The market will crash

2) Our economy will tank

3) We will be in a war

[Wounded Bear]

8. I agree...

[Botany]

10. Trump is clueless a 35% tax on BMW

http://www.democraticunderground.com/10141667119

Although I wouldn't put it past Trump and company selling short
companies with insider knowledge.

[SnowCritter]

15. And war is a racket

N/T

[2naSalit]

9. Along with

accelerated rounding up of the usual suspects.

[Bengus81]

11. Yup....

I already have a countdown clock going that starts counting up when Trump is sworn in on Friday. Let's see how many weeks,days,hours,minutes and seconds it takes for that POS to have us in a War.

https://www.timeanddate.com/countdown/generic?iso=20170120T11&p0=403&msg=Time+taken+for+Trump+to+start+a+War&ud=1&font=sanserif

[Yavin4]

12. If your predictions come true, then we will be very, very, very lucky.

The unimagineable worst is on the table.

[IronLionZion]

13. 4) Trumpers will blame immigrants and unions

[Loge23]

7. Look out below

The comments by trump about the EU and NATO, coupled with his foolish skirmish with China and PM May's harsh Brexit plan indicate a very turbulent period ahead.
We may have seen the peak for this run.

[llmart]

14. What I've done...

I may be a small bit player, but last week I made the decision as a senior citizen with my retirement account in the market, to withdraw the money to pay off my mortgage. At least I'll know that I have the roof over my head. I wonder how many others are worried about the economy in light of who/what is running our country as of this weekend? We saw what happened under W. and his gang.

[TexasBushwhacker]

16. Makes sense to me

The market has been on a steep climb for 8 years. It's due for a correction no matter who was elected. It doesn't have to crash and I hope it doesn't, but it's not going to triple again in 8 years. At the very least it will flatten out.