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Thread: Dow Closes Down as Markets Lose Confidence in Trump

  1. #21
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    Quote Originally Posted by DebateDrone View Post
    I think that was contingent on Trump releasing restrictions on business, placing tariffs on imports, repeal of ACA and Tax cuts.

    Trump has released some restrictions, businesses were counting on repeal and tax cuts to help their bottom line.

    The Trump agenda is dead in the water.
    No worries.

    Trump will be gone any day now...

  2. #22
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    Quote Originally Posted by HayJenn View Post
    The Dow Jones Industrial Average dropped by 372.82 points on Wednesday, bringing the giddy post-election rally of the past few months to a screeching halt as President Donald Trump battles for his political future in the face of calls for his impeachment. It's the first time since Trump's election that the market has turned its back on — or at least given the cold shoulder to — the commander in chief, and a clear indication of waning confidence in the president's ability to focus on fulfilling his key promises of tax reform, deregulation, and investment in infrastructure.


    The Dow closed at 20,606, with financials such as Goldman Sachs and Morgan Stanley absorbing the most losses. "This is clearly Washington-driven," Michael Shaoul, chairman and CEO of Marketfield Asset Management, told CNBC. "It's a lot like 1998-99, when the market had to deal with the [Monica] Lewinsky scandal."

    Seemingly unflappable until now, investors are clearly spooked that the heightened drama in Washington — including the revelation that Trump asked FBI Director James Comey to halt an investigation into former National Security Adviser Michael Flynn — will swallow up the passage of Trump's promised regulatory reforms and pro-growth agenda. The promise of corporate tax reform in particular was a key factor that propelled the stock market to record highs since Trump's victory in November.

    Stocks weren't the only metric impacted by the drama engulfing the White House. The dollar dropped back to pre-election levels; and the "fear" index — the CBOE Volatility Index, which measures the fragility of markets — soared by almost 40 percent on Wednesday, marking the largest gain in eight months.

    Dow Closes Down 372 Points as Markets Lose Confidence in Trump - NBC News
    These stories are taking 100% of the cable news time. Nothing else is talked about. Now they keep throwing out the "impeach" theme. They keep feeding the frenzy.

  3. #23
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    Quote Originally Posted by DemoWhip View Post
    Not good for Trump. Worst for the country!








    ----------------------------------------


    Stocks have their worst day since September as traders worry Washington turmoil will stymie Trump's pro-business agenda - ABC News
    By The Associated Press
    Trump is getting around the clock negative news coverage. Nearly every minute of news coverage.

  4. #24
    Veteran Member Panzareta's Avatar
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    Quote Originally Posted by THOR View Post
    Trump is getting around the clock negative news coverage. Nearly every minute of news coverage.
    I wonder why?
    Thanks from labrea

  5. #25
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    Quote Originally Posted by Panzareta View Post
    I wonder why?
    Money.

    Ratings equals money.

    Trump negative coverage equals ratings.

    Remember back when we were young, and it was primary season and Trump dominated the coverage then, too?

    Why?

    M O N E Y

  6. #26
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    Quote Originally Posted by THOR View Post
    Trump is getting around the clock negative news coverage. Nearly every minute of news coverage.
    That's the way trump likes it.

  7. #27
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    Quote Originally Posted by labrea View Post
    That's the way trump likes it.
    I think that is probably right.

  8. #28
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    DOW finishes day up 56 points.

  9. #29
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    Quote Originally Posted by THOR View Post
    These stories are taking 100% of the cable news time. Nothing else is talked about. Now they keep throwing out the "impeach" theme. They keep feeding the frenzy.
    Where in my link does it talk about impeachment?

  10. #30
    Veteran Member Devil505's Avatar
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    Quote Originally Posted by mtm1963 View Post
    DOW finishes day up 56 points.
    Lost 400 yesterday.
    At this rate Trump will have all our retirement money b4 he resigns in the Fall.

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