Current Events > The Dow plummeted again today as the White House has no idea what it's doing

(+) Yeah! (+)

https://www.cnn.com/2018/12/07/investing/stock-market-today-navarro-kudlow/index.html

Wall Street does not like the mixed messages coming out of the White House on trade.

The Dow fell 600 points, or 2.4%, on Friday afternoon. The Nasdaq plunged 3%, while the S&P 500 retreated 2.4%.

Stocks had been trading higher earlier Friday, but the market turned sharply lower following conflicting messages coming out of the Trump administration about trade.

While White House economic adviser Larry Kudlow sounded an optimistic note about China talks on CNBC, trade adviser Peter Navarro was simultaneously warning on CNN of higher tariffs if issues aren't resolved during the 90-day negotiating period.

"We've gotten a hodge-podge of mixed messages from people in the same administration," said Art Hogan, chief market strategist at B. Riley FBR. "We're not sure who we're supposed to listen to."

Investors also received a softer jobs report on Friday. The Labor Department said the United States added 155,000 jobs in November, missing expectations for a gain of 200,000. But the labor news did not trigger a selloff and some traders likely figured the slowdown in hiring will reduce pressure on the Federal Reserve to raise interest rates.

Worries about the negative consequences of the trade war and hopes for progress have launched Wall Street on a wild ride of late. The US-China ceasefire sent stocks soaring on Monday. But doubts about the truce helped knock the Dow nearly 800 points into the red on Tuesday. And then the Dow plunged 785 points on Thursday before staging a huge comeback.

"It doesn't feel like much of a ceasefire," said Ed Yardeni, president of investment advisory Yardeni Research.

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manfucktrump
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let the stocks fall.
it's trumps problem now.
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The Dow is also down over 400 points from where it started the year off.
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Also it's looking more and more likely that Mueller knows who the blocked ID conversation Jr had after his collusion was.

Donald sweatin bullets
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Apparently Trump's also obsessed with the market these days and is worreid he's the one causing it to stagnate but ultimately won't blame himself.

lmao
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Bio1590 posted...

Apparently Trump's also obsessed with the market these days and is worreid he's the one causing it to stagnate but ultimately won't blame himself.

lmao

See, I'm not sure I believe this, because I don't think Trump has the self awareness to realize he might be responsible for something bad happening.
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Bio1590 posted...

The Dow is also down over 400 points from where it started the year off.

And it's up 4,600 points since Trump was elected.
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Houston posted...

Bio1590 posted...

The Dow is also down over 400 points from where it started the year off.

And it's up 4,600 points since Trump was elected.

Cool! Now that everything that caused that is over and done with, the market is stagnating and inflation is at 2.5%.
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Bio1590 posted...

Houston posted...

Bio1590 posted...

The Dow is also down over 400 points from where it started the year off.

And it's up 4,600 points since Trump was elected.

Cool! Now that everything that caused that is over and done with, the market is stagnating and inflation is at 2.5%.

"If GOP nominee pulls off a Brexit-like surprise, Wall Street would face a Brexit-like stock plunge."

"Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House."

https://www.politico.com/story/2016/10/donald-trump-wall-street-effect-markets-230164
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Obamas Economy, thanks a lot
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Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.
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Houston posted...

Bio1590 posted...

The Dow is also down over 400 points from where it started the year off.

And it's up 4,600 points since Trump was elected.

Obama policies weren't all eliminated when Trump got elected. We're just starting to see what Trump's policies do.

Fun fact. Everytime Trump or his administration opens his mouth, the market plunges. When they do nothing, the market gradually goes up like it normally does.
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Houston posted...

Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.

Goes back up to what? Literally every time it's "gained" this year it's been wiped out, it's not accidentally or randomly over 400 where it started.
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Bio1590 posted...

Houston posted...

Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.

Goes back up to what? Literally every time it's "gained" this year it's been wiped out, it's not accidentally or randomly over 400 where it started.

Goes back up around to the point it was at before this year. Stocks can't continually go up, you know.

I'm not going to just tag you if the market has a good couple of days or weeks.
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Houston posted...

Bio1590 posted...

Houston posted...

Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.

Goes back up to what? Literally every time it's "gained" this year it's been wiped out, it's not accidentally or randomly over 400 where it started.

Goes back up around to the point it was at before this year. Stocks can't continually go up, you know.

I'm not going to just tag you if the market has a good couple of days or weeks.

You do realize that given the inflation rate even reaching what it was at the beginning of the year is still a net loss and absolutely nothing to brag about right
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Bio1590 posted...

Houston posted...

Bio1590 posted...

Houston posted...

Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.

Goes back up to what? Literally every time it's "gained" this year it's been wiped out, it's not accidentally or randomly over 400 where it started.

Goes back up around to the point it was at before this year. Stocks can't continually go up, you know.

I'm not going to just tag you if the market has a good couple of days or weeks.

You do realize that given the inflation rate even reaching what it was at the beginning of the year is still a net loss and absolutely nothing to brag about right

You realize I'm also paying less in taxes because of Trump, right? I'm saving more than 2.5%.

We'll see what it does and if you ever end up giving him credit for anything.

By the way, at what point in time did it start becoming Trump's fault? Tell me the month. When it first started going down but not a moment before? Lol.

Tell me when you think Trump was officially "in charge" of the market.
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Houston posted...

Bio1590 posted...

Houston posted...

Bio1590 posted...

Houston posted...

Okay then, Bio. If the market goes back up I'll be sure to tag you.

It'll be interesting to see what you have to say then.

Goes back up to what? Literally every time it's "gained" this year it's been wiped out, it's not accidentally or randomly over 400 where it started.

Goes back up around to the point it was at before this year. Stocks can't continually go up, you know.

I'm not going to just tag you if the market has a good couple of days or weeks.

You do realize that given the inflation rate even reaching what it was at the beginning of the year is still a net loss and absolutely nothing to brag about right

You realize I'm also paying less in taxes because of Trump, right? I'm saving more than 2.5%.

We'll see what it does and if you ever end up giving him credit for anything.

By the way, at what point in time did it start becoming Trump's fault? Tell me the month. When it first started going down but not a moment before? Lol.

Tell me when you think Trump was officially "in charge" if the market.

Wow congrats on saving more money on taxes while the other 90% of the country suffers.
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