The reason the stock market is tanking is reaction to the 2018 election

[Harry Dresden]

Interesting fun fact...................

The Dow closed at 24,754 on 22 Dec 2017.

Today, a year later, it closes at 21,792.

That means over the past year, the Dow has dropped 2,962 points. That is almost 3,000.

And, if indications can be believed, it's gonna drop even further next year.

Are you guys tired of all this "winning" yet?

according to another thread in here the last 2 years was because of Obama,and this was lefties saying this.........

 

[TroglocratsRdumb]

You brain dead righties are so fucking predictable. The next time I see the right take responsibility for their own actions will be a first.

But Obama says that this is his economy.
Are you saying that Obama is a big fat liar?
Left Wingers always steal credit and shift the blame on the economy.
The idiot Democrats caused the Great Recession and then they blamed it on President Bush.

 

[debbiedowner]

Notice I am not blaming the Democrats (yet), but rather investors' reaction to electing a Democratic House for next year. The falling stock market reflects anticipation that soon-to-be divided Congress will create a paralyzed federal government doing little more than continuing endless investigations.

Ironically, the current Congress is contributing to this foreboding by being unable to pass simple budget bills to keep the government fully operating. While this may not be a bad thing in itself, it adds to a feeling that making America great again may be a vain hope.

You're wrong.

 

[debbiedowner]

I agree totally. The new Congress will not be business friendly. Why WOULDN'T the markets react by dropping?

You're wrong too.

 

[skews13]

Notice I am not blaming the Democrats (yet), but rather investors' reaction to electing a Democratic House for next year. The falling stock market reflects anticipation that soon-to-be divided Congress will create a paralyzed federal government doing little more than continuing endless investigations.

Ironically, the current Congress is contributing to this foreboding by being unable to pass simple budget bills to keep the government fully operating. While this may not be a bad thing in itself, it adds to a feeling that making America great again may be a vain hope.

Is this the delusion you morons are preaching to the faithful now?

 

[debbiedowner]

You brain dead righties are so fucking predictable. The next time I see the right take responsibility for their own actions will be a first.

They never do and will not accept blame just like their leader. That is why they are called the base.

 

[Slyhunter]

Market was doing great until the Fed raised the interest rate. Almost like they did it on purpose to fuck us. It was bound to go down too because of trade with China. But we need to take the short term pain for the long term gain of fair trade.

 

[Indeependent]

You brain dead righties are so fucking predictable. The next time I see the right take responsibility for their own actions will be a first.

But Obama says that this is his economy.
Are you saying that Obama is a big fat liar?
Left Wingers always steal credit and shift the blame on the economy.
The idiot Democrats caused the Great Recession and then they blamed it on President Bush.

Oh please, both parties were complicit in the Housing Bubble.
GW is still claiming to be the Home Ownership President.

 

[Mac1958]

The idiot Democrats caused the Great Recession and then they blamed it on President Bush.

Incredible.
.

 

[AceRothstein]

You brain dead righties are so fucking predictable. The next time I see the right take responsibility for their own actions will be a first.

They never do and will not accept blame just like their leader. That is why they are called the base.

I prefer to call them a cult.

 

[Harpy Eagle]

You brain dead righties are so fucking predictable. The next time I see the right take responsibility for their own actions will be a first.

They never do and will not accept blame just like their leader. That is why they are called the base.

I prefer to call them a cult.

It is an appropriate word, they defend their leader much like cult members do.

 

[georgephillip]

Trump can't decide if he wants low interest rates or high rates to pay for his tax cuts and produce 6% GDP growth before 2020.

Trump’s beef with the Fed, explained

"During his presidential campaign, Trump often criticized the Fed, alleging it was keeping interest rates artificially low in an effort to prop up the Obama economy. He seems to have been, in a way, telegraphing what he expects Powell to do for him.

"He’s also looking for someone to point the finger at when the stock market starts acting up or if economic growth slows.

"'What we’re seeing here is that Trump needs something to say that when things are great, it’s Trump, and when they are not, it’s someone else,' said Peter Conti-Brown, an assistant professor and financial historian at the Wharton School at the University of Pennsylvania. 'That someone else, in this case, would be Jerome Powell and the Federal Reserve.'"

 

[C_Clayton_Jones]

Notice I am not blaming the Democrats (yet), but rather investors' reaction to electing a Democratic House for next year. The falling stock market reflects anticipation that soon-to-be divided Congress will create a paralyzed federal government doing little more than continuing endless investigations.

Ironically, the current Congress is contributing to this foreboding by being unable to pass simple budget bills to keep the government fully operating. While this may not be a bad thing in itself, it adds to a feeling that making America great again may be a vain hope.

“The reason the stock market is tanking is reaction to the 2018 election”

Wrong.

"Uncertainty abounds at the end of a volatile year: Investors question the Federal Reserve's plans for 2019, and President Donald Trump asked aides if he could fire Fed Chairman Jerome Powell. Congress entered a budget stalemate with the president, partially shutting down the government. Trade policy that for years tried to stitch economies together is in retreat. Economists warn that the pace of US economic growth will slow next year.

To cap that off, Treasury Secretary Steven Mnuchin issued a bizarre statement Sunday, saying he called top bank executives to assess their liquidity. He asked if they had the ability to continue lending to consumers and businesses — at a time when confidence in banks had been high.”

https://www.cnn.com/2018/12/24/investing/wall-street-2018/index.html

 

[2aguy]

Notice I am not blaming the Democrats (yet), but rather investors' reaction to electing a Democratic House for next year. The falling stock market reflects anticipation that soon-to-be divided Congress will create a paralyzed federal government doing little more than continuing endless investigations.

Ironically, the current Congress is contributing to this foreboding by being unable to pass simple budget bills to keep the government fully operating. While this may not be a bad thing in itself, it adds to a feeling that making America great again may be a vain hope.

What...are you saying "Mad" maxine waters, left wing nut job being in charge of the House Financial Services committee is going to be a bad thing?

 

[NightFox]

And Mnuchin's hilariously stupid comments over the weekend didn't help things today, either.
.

What the fuck was he thinking? Literally nobody was blaming the falling markets on liquidity.

Treasury touching base with the CEO's of the Major U.S. Banks to get a sense of how they're feeling about market conditions and their own capital position isn't a bad thing, in fact it would have been a big help if Paulson had been doing the same thing back in 2007-8 on a regular basis BUT ….

Making it public and changing the story afterwards was absolutely idiotic, someone needs to give Mnuchin a drug test.