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Thread: Dow Closes Down as Markets Lose Confidence in Trump

  1. #41
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    Quote Originally Posted by Amelia View Post
    Do you mean since he was elected? It's not up that far since he was inaugurated.


    It's up 40 points for the last 3 months, since it started becoming clear that Trump was not merely unprepared for the presidency, and definitely not crazy like a fox -- but just flat out crazy.
    It's up about 2345 points since the election.

    And that's AFTER yesterdays drop.

    #LONGTERM

  2. #42
    Veteran Member Isalexi's Avatar
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    Quote Originally Posted by Miller47 View Post
    It's up about 2345 points since the election.

    And that's AFTER yesterdays drop.

    #LONGTERM
    Did you give Obama credit for rescuing it? About 400% increase?
    Thanks from labrea

  3. #43
    told you so Amelia's Avatar
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    Quote Originally Posted by mtm1963 View Post
    split hairs all you want!

    up 2000 points since november 9th.

    Rose for three months, and now stalled for the past three months now that Trump has revealed his abject incompetence.

    Trump gave the market hope, and the last three months have stripped all that hope away.



    The market will keep finding some way to chug along, like it always does. But Trump threw a wet blanket on the surge and now we're just treading water.

  4. #44
    Junior Member fenrir's Avatar
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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
    For the life of me I'll never understand why anybody tries to use the dow jones to make a political point.

    https://www.google.com/search?q=dow+...hrome&ie=UTF-8

  5. #45
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    Quote Originally Posted by Amelia View Post
    Rose for three months, and now stalled for the past three months now that Trump has revealed his abject incompetence.

    Trump gave the market hope, and the last three months have stripped all that hope away.

    The market will keep finding some way to chug along, like it always does. But Trump threw a wet blanket on the surge and now we're just treading water.
    The market likes predictability, not loose cannons.

  6. #46
    Junior Member fenrir's Avatar
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    Quote Originally Posted by labrea View Post
    The market likes predictability, not loose cannons.
    Ok, then how do you explain the rise in the market since trump's election?

  7. #47
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    Damn!

    Dow up 141.

    S&P up 16.

    Nasdaq up 28.

    Damn!

    That's two whole days in a row!

    And consecutively!

  8. #48
    Veteran Member bajisima's Avatar
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    Consumer confidence is at a 16 year high and that's propelling the markets. Companies are hiring a lot expecting lower regulations and lower taxes.

    Consumer confidence hits 16-year high in boost to economy | Reuters

  9. #49
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    NOOOOO!!!!!

    Not again!!!!!

    Dow +89
    Nas +49
    S/P +12

    Damn!!!!!

  10. #50
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    Quote Originally Posted by fenrir View Post
    Ok, then how do you explain the rise in the market since trump's election?
    Trump has hired his economic/financial staff straight out of Goldman Sachs, and made not one single move other than to strip away regulations and free up Big Money to do whatever it wants to make as much as possible in the short term. He has been consistent about that if nothing else. I say buy like a motherfucker, because it's going to keep going for awhile, until he either collapses in some sort of disgrace, or the market blows itself up again. If he can just keep his mouth shut we ought to have a good year or two before the shit hits the fan.

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