Trump's 'Fire and Fury' Comments Break Dow's Winning Streak

[highplainsdem]

Source: WSJ

U.S. stocks dipped into negative territory late in Tuesdays trading session after saber-rattling from the White House over North Korea shook up an otherwise quiet summer trading session.

The Dow Jones Industrial Average closed down about 33 points, or 0.2%, to 22085 after the President Donald Trump warned North Korea that threats to the U.S. will be met with fire and fury. The Dows modest decline snapped 10-session streak of consecutive gains.

The S&P 500 and Nasdaq Composite Index each fell about 0.2% as well.

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Read more: https://blogs.wsj.com/moneybeat/2017/08/08/trumps-fire-and-fury-comments-break-dows-winning-streak/

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We'll be very lucky if that's all the damage the idiot's threats cause.

[SummerSnow]

1. When it rains it pours

[Crash2Parties]

2. At this point, it'll be interesting to see who profits each time he does this.

[haele]

3. Gold and commodities. Also, "prepper" businesses and manufacturers.

"'Cause us real Americans are gonna have to head to the hills and live off the Grid for a while if those crazy North Koreans bomb those Left Coast Lieberal States...And fight off all those soft city gangbangers and illegals that will be running away from the bombs."

The DeVos and Princes of the world are certainly going to start making bank off chaos and uncertainty.

Haele

[LudwigPastorius]

12. It doesn't take a crystal ball to foresee a deep economic downturn if...

Trump starts a war on the Korean peninsula. Especially if he's contemplating a pre-emptive nuclear strike.

Even the United States' most loyal allies would have trouble standing by a country and leader that killed millions of people because there was a chance that something bad might happen in the future.

It's insanity.

[Crash2Parties]

14. I've a feeling there are some bigger fish making bigger bucks, too...

Maybe even some who would encourage him to sporadically spout off like this, almost like a pump-and-dump.

[Doreen]

4. He and his deplorables will blame it on the Democrats.

Somehow it will be Obama's fault and Hillary's fault.

[Vinca]

5. Well, let's face it. If he gets us into a nuclear war, money won't matter much.

[DK504]

9. Nor will breathing.

[question everything]

6. "Business" like the ease of regulation by this administratin

but business, and the stock market, do not like uncertainty.

[TeamPooka]

7. Nobody knew North Korea would be so complicated.

[Achilleaze]

8. Thanks republicans

this is another idiotic FAIL Americans can rightfully ascribe to you and your ignoble role model, Comrade Casino, the republican Draft-Dodger-in-Chief.

[riversedge]

10. Well, the stock market is Trump's ego boost. He will behave once he sees the big dip.

[LudwigPastorius]

11. Until today I was convinced that Trump would...

attempt a conventional limited airstrike.


Now I think he wants to launch a pre-emptive nuclear attack on North Korea.

That way lies madness.

He IS going to get a lot of people killed.

[Yo_Mama_Been_Loggin]

13. Tired of winning already

[RussBLib]

15. when dealing with North Korea, used to be there was only one madman involved

now, oh joy, there are TWO

I sure hope 45 doesn't end life as we know it, just to satisfy his sick little ego

[adigal]

16. Wait until tomorrow...nukes aren't good for all those Wall St sociopaths nt