Stock correction comes at bad time for Trump, GOP

[DonViejo]

BY NIV ELIS AND SYLVAN LANE - 10/28/18 08:30 AM EDT

A massive drop in stock markets this week is raising concerns that the market is headed for a large correction — and may also put a dent in the midterm economic message in the closing weeks in the midterm campaign by President Trump and Republicans.

The Dow Jones Industrial average wiped out the entirety of its 2018 gains this week, while the S&P 500 dipped into correction territory, falling 10 percent below its September peak.

Economists warn that the falling stock market may not simply bounce back, as it has several times this year. The market, they say tends to be an early predictor of economic performance, and may presage worse economic news around the corner.

Statistics released by the government on Friday showed the economy growing at a healthy 3.5 percent rate in the third quarter. That was down, however, from 4.2 percent in the second quarter.

“The stocks market’s angst reflects the reasonable concern that the economy is going to slow moving forward,” said Mark Zandi, chief economist at Moody’s Analytics. “The economy is growing strongly, but growth has peaked and that’s evident in today’s GDP number.”

more
https://thehill.com/policy/finance/413416-stock-correction-comes-at-bad-time-for-trump-gop

[Achilleaze]

1. republicans have pissed all over America's economy

with their greedhead republican tax cuts for the rich*, and thier penalizing republican tariffs (taxes) on America's (former) friends and allies. Free clue for republicans: No one likes getting pissed on, not even russian hookers. There's this thing called "splatterback," aka "karma." Expect it.

* in direct opposition (anti) the teachings of Christ

[beachbum bob]

2. the plunge protection team has been propping up the market as best they can but the time may have

come they have no more powder to burn and if so, the coming 2 weeks could be as bad of a market drop as we have ever seen. As the snowball starts rolling, people are going to bail with their money.

Of course the GOP spin will be "market panics with the idea of democrats taking control", We will hear that nonstop on all media levels...

[ck4829]

3. Kick

[former9thward]

4. The market is up over a 1000 points in the last 3 days.

Futures up 200 today. It seems the "correction" was pretty short.