Pam Bondi created a real political problem for Trump, and it's not about Epstein

[Renew Deal]

When Bondi was raving about the Dow at "$50,000" she created a boundary marker for the economy in everyone's minds. And as long as the Dow is below 50,000, the economy will be considered to be doing worse. This will be hard for Trump to escape. Pam Bondi finally did something useful despite her corruption, or maybe as a result of it.

[Dawson Leery]

1. kick

[Old Crank]

2. Below 47,500

looks like where it will land today when they close in around half an hour.

Down about 5% from the time of her statement.

[PhilG]

3. Dow Jones ?

This should be a rallying cry for Dems. She should be asked if she's seen the Dow any time she shows her face in public from now on. Maybe even yard signs and bumper stickers too.

One of my long-term investments has recently lost 25% of its value. Thanks, Donnie.

[calimary]

4. Ouch. Sorry to hear that, PhilG.

[Bluetus]

5. The Fed loose money policy almost guarantees a continuously rising market

That is to say when the central banks created $20T of money after the 2008 meltdown and have continued to expand the money supply, not to mention another $4 trillion in crypto created out of thin air, that money has to go somewhere. It has mostly gone into capital markets, continuously driving up the price.

So I wouldn't count on the markets staying down. However, this war is EXTREMELY costly, and Trump already had deficit spending jacked to the breaking point, and that was before the bottom fell out of the employment numbers. So it is anybody's guess where we go from here.