Donald Trump boasted that the Stock market is doing great during his time in office?
The same market lost 1,400 point this week alone….
A good amount of the gains under Trump’s time in office have been wiped out by his foreign policy moves….
U.S. stocks tumbled, sending the S&P 500 Index to its biggest weekly loss in more than two years, on concern that a trade war and higher borrowing rates could throttle global growth. Oil surged on speculation sanctions on Iran will be re-imposed.
The Dow Jones Industrial Average slumped to the lowest since November, led by losses Friday in companies as diverse as 3M Co. to Goldman Sachs Group Inc. The S&P 500 dropped to its least since the volatility-fueled meltdown in early February. Gold rallied and Treasury yields declined as investors sought safe havens.
Global markets were caught in a risk-off mode after China announced retaliation against President Donald Trump’s proposed tariffs announced Thursday. China’s ambassador to the U.S. wouldn’t rule out the possibility of the Asian nation scaling back purchases of Treasuries in response to the tariffs.
Adding to the image of the ascendance of the “America first” faction, Trump replaced White House National Security Adviser H.R. McMaster with John Bolton, a controversial foreign-affairs specialist whom the U.S. Senate declined to confirm as President George W. Bush’s ambassador to the United Nations…..
Just logged out of my e-trade account…needless to say this is a week I would like to forget…I thought Trump is wonderful for stocks…will he blame the correction on Obama and Clinton? Probably…
I been saying just about EVERYTHING THE GUY TOUCHES TURNS TO SHIT
The stock market is still up about 19% or so since Trump took office.
Believing that reading the stock market is indicative of much of anything is a fools errand.
Essentially it’s equivalent to attempting to “read “ something into where the ball falls on a roulette table.
It’s nothing but something the party out of power throws up to the party in power or vice versa depending on what the market is doing at any point in time.
Absent say a 20% or so drop ,which could have some real significance,these relatively minor(in percentage term)”drops”are of no significance other than as political talking points on any given day.
I agree on the market except for this….
When the market drops…
Like bdog mentioning….
People worry and people lose valle in their investments (Gambles) and that IS about money…..
Yea Z…..
But has also dropped due to Trump also…
I just posted a comment that once again is stuck in moderation.
Your comment is up Jack…
I’m trying to keep the spam in check…
Thanks for your patience
Everyone in a while a spam is gonna pop up….
Please ignore them people….