Posted on 08/23/2019 1:01:26 PM PDT by Berlin_Freeper
The Dow is down 573 points perhaps on the news that Representative Seth Moulton, whoever that may be, has dropped out of the 2020 Presidential Race!— Donald J. Trump (@realDonaldTrump) August 23, 2019
My take on today is that Trump did a classic dirty martial arts move. He kicked them in the balls and took his penalty point (market drop). Then the rest of the fight the opponent is doubled over in pain and way off his game. I love how he does that.
In the end, I think he will break China for the sole reason that makes the USA great. We can react when needed because the economy is filled with independent entities that are all doing what is best for themselves. That in turn makes the country strong. Countries like China that use central controls can’t keep up. As long as Trump keeps them off balance, they can’t counter.
LOL!!!
Sounds like an obnoxious rich kid to me. I’m sure middle class people with 401ks don’t appreciate the flippant attitude.
Neither did I.
The Trump can do no wrong and he is so smart we can’t understand what he is doing and can’t even breathe the air he does will soon chime in with how stupid and disloyal anyone is who criticizes him is.
I’m starting to wonder if he is coming off his rails or wants to throw the election.
It wasn’t that long ago that we didn’t have any trade with China at all. They were commies. Does anyone remember who gave China the status of Most Favored Nation in trade? From a commie enemy ti Most Favored Nation in one president’s term in office. It was Bill Clinton.
They are industrious beyond belief. But they are pragmatic to the maximum. Since we started sending them our logs and had them turned into particle board furniture that we buy at WalMart and Ikea, they have changed us from a if it breaks fix it society to a if it breaks replace it society. They make things that look so much like the real thing that we actually use them as the real thing. I copyright that phrase.
Chonk the Cat
Is going on a
Diet!
That’s Why it Dropped.
FAKE NEWS ALERT!!!
The economy isn’t going from 2.8% GDP growth over the last year to recession in the next 12 months - unless we have that wildcard event nobody can predict. This could include a major terrorist attack, 911 type event, big war with Iran/North Korea, etc. The stock market is not overvalued, commodity spikes are not present, and the Fed’s short term interest rates at 2.25% are nowhere near high enough to cause off another recession. Can we have a bear market in stocks? Sure, but the true likelihood of a US recession in the next year is slim and in my opinion dependent on that wildcard event.
All this recession talk is fake news by Demonrat talking heads trying to justify their existence on TV - they hope the US does have another recession to help them win the 2020 election. Pretty disgusting to hope that millions of people lose their jobs so they can put some liberal Dimwit godless degenerate baby killer back in office. That tells you what kind of people many of these deceived morons are.
Because the yield curve is currently inverted there is a statistical 30% chance of recession in the next 12 months. Problem is, the bond market is way overvalued and the yield curve will eventually get back to normal.
Again, short of a major geopolitical event, the likelihood of recession in the next 12 months is slim and simply wishful thinking by the Demonrats.
I would love to have something akin to a war scrap drive where
we dump all our Chinese junk (pun intended) and replace
it with American made stuff. (I bet if we melted just the metal down it’d
be loaded with impurities and carcinogens) Problem is, right now much of
our stuff is hard or impossible to replace, even household items
I just bought 2 new A/C and I was appalled that I could not
get a made in USA unit from such well known companies whose name start with F
RBG,
RBG,
RBG.
Seth Molting. I think that happened to the dog’s coat one time. Had to get some special powder from the vet.
I didn’t realize that a steep market plunge was an occasion for joking.
—
You should have been here in ‘87 when the market went down 500 points in a single day... when 500 point represented a 22% loss.
In today’s Dow, that would be a single day drop of 5,600 points. Now *that* would be a steep market plunge.
But it aint Trump taking the penalty. The market represents the savings and retirement of millions of Americans and no POTUS has a right to play with that. And he has backed off every threat or action he has made to China. And regarding Hong Kong, he has been as acquiescent to China as Barky was to Iran during their demonstrations. If he keeps this nonsense up we are goingvto have a damn marxist SJW in the White House
At least you came clean about how your portfolio got zapped as you were obviously in the wrong position and took a hit
Pick a side and choose, this is not gonna change cause you were on the wrong side of things and it seems leveraged in stocks that are heavily tied to Chinese products
Boom
And it won't be Trump that China destroys if they're not stopped.
FWIW I have a very small mutual fund that is the only thing I have to live on. In fact it's too small even when the market is up. It hurts and it is scary when the market drops but ... Go, Mr. President!
You said what I was thinking but put it far better than I could have. Bullseye!
I remember very clearly that the effort was led by the GOP House and they put the most energy into it.
What stox stayed even today? Most of my portfolio is managed low volatility funds like GSRAX. My individual are things like Prudential and Pfizer. Hardly ChiCom linked and both have been torpedoed.
China is not going to give in. The CCP could care less about the people. If the people get antsy there is always Tianneman Sq. But if Trump wants to play this like he can win then the US will have a Marxist SJW POTUS IN 2021, because you can’t hurt Americans in their pocketbooks and not get badly burned.
I can hear the non-stop lightning fast guitar riffs in my head.
Yep
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