General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dow is down nearly 200 points.
Maybe the reality of Drumpfian Economics is sinking in.
An economic downturn might wake up some of the Deplorables. On the other hand Drumpf might start a war like his buddy Putin did to distract them.
maryellen99
(3,789 posts)unblock
(52,253 posts)i think it's more likely that his constant picking on individual companies will piss off enough super-rich people to get him kicked out before he has time to embroil us in a major war.
mahatmakanejeeves
(57,489 posts)I had been thinking of starting a thread along those lines. I've been thinking three days. I was going to go with four days, but I had been thinking that Monday the 23rd was a holiday. The holiday is on 01-16, so there's nothing on the calendar for 01-23 to get in the way.
onecaliberal
(32,864 posts)Hortensis
(58,785 posts)Apparently too much quarreling with the press and refuting scandal and no economic details to hang happy dreams of future earnings on. A couple polls are showing confidence in Trump is already deflating across the board, not just in board rooms.
calguy
(5,315 posts)I knew it was just a matter of time. I took all my 401K money out 2 days ago and am trading everything short right now.
Market held up over the New Year because traders wanted to wait and take profits this year in anticipation of trump's lower tax rates promise. Good chance now the market goes down a LOT before it goes back up.
Buy the election, Sell the inauguration.
DemocratSinceBirth
(99,710 posts)Drumpf's economy with his stupid one offs will not outperforms Obama's economy.
Where do you see unemployment, GDP growth, and inflation on 1/20/18?
Grey Lemercier
(1,429 posts)Today is making me a very happy woman.
2naSalit
(86,647 posts)Russians aren't going to be buying today, probably think they are punishing us for exposing the scam.
Wounded Bear
(58,670 posts)Not that I don't expect a downturn, I do. One problem, of course, is that most of the red states won't feel the effect of a downturn for a couple of years. Much like how they mis-read the Bush Recession, they don't understand how the blue states get hurt first and worst, and they don't care.
Get back to me when it drops 2000 in one day.
JNelson6563
(28,151 posts)They certainly don't want to tip off the little people.
Orrex
(63,216 posts)Breitbart "news" will happily catapult the propaganda, and then the "real" media--having lost access to the Whitehouse press room--will obediently parrot the official story in hope of re-ingratiating themselves to Trump.
Thus it will become true.
Grey Lemercier
(1,429 posts)Wounded Bear
(58,670 posts)104/19850=.0052
Half of one percent is 'far less' in my math.
Grey Lemercier
(1,429 posts)"200 isn't even a blip....It's far less than 1%."
Wounded Bear
(58,670 posts)Grey Lemercier
(1,429 posts)No need to get in a snit
Wounded Bear
(58,670 posts)Grey Lemercier
(1,429 posts)Fresh_Start
(11,330 posts)I think thats the only disaster which will dislodge Trump.
So I'm austerity until Trump is gone gone gone.
Hamlette
(15,412 posts)I think everyone expected it to fall.
Today is a blip. Don't be celebrating. And remember, many of your fellow dems have our retirement/life savings in the market. Won't hit republicans any harder.
calguy
(5,315 posts)I'm a day trader and I see the market as being topped out. I'm just trading what I see.
DemocratSinceBirth
(99,710 posts)Wounded Bear
(58,670 posts)PoindexterOglethorpe
(25,862 posts)DemocratSinceBirth
(99,710 posts)Wounded Bear
(58,670 posts)I'm thinking too many folks were disappointed that the Great Recession of '08 didn't go full on Depression and they are working to make sure we get a real crash. But this time there may not be a bailout.
HeartachesNhangovers
(814 posts)A 20% drop is generally considered a "bear market". A "crash" is a 50% drop. 20% drops have happened 12 times since the end of WWII and a 20% drop NOW would only erase 2 years of gains and leave us WAY higher than the peaks before the Tech bubble and Real Estate bubble burst.
If you are only mentally prepared to deal with a 20% drop, you are setting yourself up for a panic because an occasional 20% drop isn't only possible, it's inevitable.
DemocratSinceBirth
(99,710 posts)It would likely usher in a recession which would be catastrophic for Trump in 2020 and the GOP in the 2018 mid terms.
Wellstone ruled
(34,661 posts)hunch says,the Consumer is heading to the side lines. The Uruinator scared the crap out the country and today we are seeing the fallout.
All these talking heads on Wall Street are getting their words shoved up their collective butts. How is that Trump trade working for you.
cilla4progress
(24,736 posts)makes me feel good!
I've switched a bit of my tiny portfolio to cash (money market). Ride this disaster out.
Wellstone ruled
(34,661 posts)Sad,we hold a couple of Trump attacked stocks,hit is about 4-5%.
DoBotherMe
(2,340 posts)elleng
(130,974 posts)Always hard to know WHY, re: ups and downs, but it is what it is.
rogue emissary
(3,148 posts)JustAnotherGen
(31,828 posts)Joe941
(2,848 posts)I bet the stock market will crash due to tRump policies!
Dark n Stormy Knight
(9,760 posts)We, the opposition, need some strong leadership. Someone needs to organize the resistance!
malaise
(269,054 posts)Piss Conference yesterday
lunasun
(21,646 posts)he speaks negatively about your added industries of investment so you can get out if it will go down . I thought all the pharma talk at the pisser yesterday would swing the market Health care with this repeal is under stress also
It's like that twi light zone episode with the kid . All hoping he doesn't attack them next . Wall Street will probably react more now after 1/20
Then officially he is in charge and unstable and the market could reflect it