Current Events > Why isnt trump taking blame for the market crash?

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Naysaspace
02/06/18 11:06:22 AM
#1:


He took responsibility for it's gains. Why not the fall? Is he the type of limpwristed man who can't admit that bad things happen on his account?
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r4X0r
02/06/18 11:07:19 AM
#2:


The stock market is up five thousand points from the day Trump took office. Exactly what "crash" are you referring to?
---
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Naysaspace
02/06/18 11:08:12 AM
#3:


r4X0r posted...
The stock market is up five thousand points from the day Trump took office. Exactly what "crash" are you referring to?

This one
http://business.financialpost.com/investing/global-markets-rolling-world-stock-sell-off-runs-to-4-trillion/amp
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Darkman124
02/06/18 11:10:09 AM
#4:


markets were massively overbought

now they are massively oversold

it's a good time to buy
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scar the 1
02/06/18 11:11:08 AM
#5:


Darkman124 posted...
markets were massively overbought

now they are massively oversold

it's a good time to buy

So if I had, say, $15k, is it even worth doing any sort of investing?
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UnholyMudcrab
02/06/18 11:11:34 AM
#6:


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lesidesi
02/06/18 11:12:14 AM
#7:


it's great getting some volatility back in the markets

lots more to do
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Wolf_J_Flywheel
02/06/18 11:12:47 AM
#8:


Its literally a natural occurrence that comes with such a fast rise in job growth and wages, coupled with Foreign markets taking a hit as a result American corporate competition.
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Naysaspace
02/06/18 11:14:14 AM
#9:


Darkman124 posted...
markets were massively overbought

now they are massively oversold

it's a good time to buy

But trump took credit for the gains and told me, a hard-working backbreaking honest patriotic american blue collar republican who stands for the anthem, that the gains will be endless and that america is great again.
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creativerealms
02/06/18 11:16:15 AM
#10:


Because it was the democrats not praising Trump that caused the Crash.
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No sig.
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AngelsNAirwav3s
02/06/18 11:17:59 AM
#11:


scar the 1 posted...
Darkman124 posted...
markets were massively overbought

now they are massively oversold

it's a good time to buy

So if I had, say, $15k, is it even worth doing any sort of investing?


Absolutely.
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Hello world!
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Solid Snake07
02/06/18 11:28:39 AM
#12:


1. Its not a crash
2. Its not his fault
3. You know damn well that even if it were he wouldn't own it
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"People incapable of guilt usually do have a good time"
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s0nicfan
02/06/18 11:30:37 AM
#13:


TC, just tell us that things from here on out are "Trump's economy" and he can take the blame for this correction all you want. But then you don't get to claim this is "Obama's Legacy" if it starts doing well again. Fair?
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darkjedilink
02/06/18 11:30:56 AM
#14:


Wolf_J_Flywheel posted...
Its literally a natural occurrence that comes with such a fast rise in job growth and wages, coupled with Foreign markets taking a hit as a result American corporate competition.

This.
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Uncle Choad
02/06/18 11:44:48 AM
#15:


I'm glad that in a couple of weeks we'll be back to talking about Russia again.

But until then, STOCK MARKET CRASHING! CASH OUT!

The amount of cuckoldry the past year opened the door for quite the bull market.
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Doom_Art
02/06/18 11:46:10 AM
#16:


Uncle Choad posted...
cuckoldry

I'm sorry what
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Naysaspace
02/06/18 11:49:34 AM
#17:


Doom_Art posted...
Uncle Choad posted...
cuckoldry

I'm sorry what

Its the call of 19-and-under's on the board here. You know how drug dealers have chicken calls (
https://www.youtube.com/watch?v=ofeU6U8DwXU
)? Well, this is kinda the same.
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Squall28
02/06/18 11:49:42 AM
#18:


Darkman124 posted...
markets were massively overbought

now they are massively oversold

it's a good time to buy


What do you base this on? Like is there an actual calculation for oversold?
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The Admiral
02/06/18 11:50:21 AM
#19:


The "crash" isn't the result of any one thing that can be blamed on Trump. You certainly can argue -- like several people on my morning calls did -- that the tax cuts will result in a large new issuance of gov't debt that's driving bond prices down and yields up. But that's separate from interest rate risks (driven by wage growth), US trade deficit records (driven by globalization), and general responses in the last week to the tech/AI forecast effects. Those are all factors contributing to the market swings.

The good news is that the market fundamentals/trends don't point to any sort of upcoming recession, so that's good news for people worried about a free fall.
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- The Admiral
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Uncle Choad
02/06/18 11:53:23 AM
#20:


I thought you people would be happy that wealthy investors lost a lot of money the past week.
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r4X0r
02/06/18 12:09:33 PM
#21:


Uh oh, looks like the DOW is up eighty points today, that means responsibility immediately shifts back to Obama, right?
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Darkman124
02/06/18 12:50:39 PM
#22:


Squall28 posted...

What do you base this on? Like is there an actual calculation for oversold?


TRIN

@scar_the_1
yes

i put a hundred thousand to work today in VTI and VO at the open
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