stock market, jobs, economy all plummeting under trump

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gonnagro

Well-Known Member
Less than an hour and the DOW has almost erased last Fridays losses. Hope this trend continues, but not confident yet . . .

Actually I'd prefer it drop more so more stocks go on sale.
 
Heil Tweetler

Heil Tweetler

Well-Known Member
gonnagro said:
  • The Dow closed at 18,332.74 on his Nov. 8, 2016 election day, which means there is 6,013 points to go before the President's market rally is gone.
Markets are currently positive again. Could be a head fake or the rally could be resuming. Either way like I said, it was an incredible buying opportunity. Thank you again Mr. President!
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The market isn't the economy, dolt. Shut the fuck up. Trump is still a fucking disaster, a tax and draft dodger and a cancer to the American culture.
 
Bugeye

Bugeye

Well-Known Member
DJIA PE ratio at 25 so markets appear overvalued to me at current levels so I'd expect continued volatility until interest rate increases are settled. 1Q GDP could go up to 5% if jobs lost to hurricanes in 3Q17 come back as expected. Consumer confidence remains high for now. Trump tax cuts will fuel more growth but what happens to record debt when interest rates go up? Debt level remains my #1 concern and Trump is completely un-serious about dealing with it. So I see the economic picture as a mixed bag, just hoping for the best.:bigjoint:
 
see4

see4

Well-Known Member
ATT touted that they would be giving their employees $1000 bonuses because, "tax cuts".

Internally, the news is that ATT is setting up a large round of layoffs to offset these $1000 bonuses and hedge against the foreseen impending slide in the economy.

Dump the Trump.
 
captainmorgan

captainmorgan

Well-Known Member
Looks like he is treating our country like his businesses. First he saddles it with debt then he guts it financially then he abandons it to the creditors and writes it off on his taxes.
 
Fogdog

Fogdog

Well-Known Member
“Ten percent is no small potatoes,” said Chris Rupkey, an economist with MUFG Union Bank. “It’s a big number. That loss of wealth is going to take a toll on overall spending in the economy both for businesses and individuals..”
 
Fogdog

Fogdog

Well-Known Member
UncleBuck said:
trump's upcoming recession is really taking the heat off the ongoing criminal investigation into trump
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How much patience will his GOP have with him when he not only drags them down with the ongoing criminal investigation but his recession bites into the hoards of the wealthy?

An amazing slight of hand regarding the investigation.

Before the recession: Now you see it
upload_2018-2-8_14-14-6.jpeg

After the recession: Now you really see it
 
UncleBuck

UncleBuck

Well-Known Member
gonnagro said:
It's a correction. Not the end of the world. Likely to continue into next week. Did I mention it's a great buying opportunity? Thank you again Mr. President!
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it's at 10%, so if it stops now it's a recession. if it loses another 10% again next week then it is a major crash which will likely trigger a recession

and then, at the height of the recession it might become a great buying opportunity for all those folks who got an extra $1.50 a week
 
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