Should we get back in?
The Trump “crash”.
And Trump isn’t even in office yet...!
The Stock Market is Las Vegas for the Super Rich.............
0bama will be taking credit for it in 3...2...1...
ping!
it’ll drop under 10,000 within a year...
Did anybody tell Krugman? Or has he extracted his cranial appendage from his anal orifice long enough for anybody to communicate reality to him?
Will the media admit that this is over enthusiasm for Trump?
What happened? I heard right before the election, somebody saying the market would tank if Trump won, due to the markets reacting to uncertainty.
And remember on election night, the media were reporting how stock market futures were tanking in the overnight and overseas markets, as election returns came in.
So now we see the market doing well? After we were told the prospect Of a Trump presidency was tanking the markets??? WhT the heck???
This is a trading market, not a place to park money you don’t know what else to do with (assuming you have any left after 0bama). The “recovery” is still bullshit and America is still broke. There will be a crash or very severe correction at the least, possibly during the Trump administration. People need to be constantly reminded of the economic malpractice that has been going on for 8+ years now, because the Democrats will look to take full advantage of the crash if/when it comes.
Democrats like to use the stock market (like everything else) to their political advantage. I generally don’t do that.
After all, there are many things that affect the stock market, not just the one thing that is identified. Also the market is not everything - far from it. For example sometimes Wall Street does well, and main street suffers. Finally, there is spin. A rising market can be treated as a good thing under a President Hillary. Or it can be presented as a bad thing under a conservative: fat cats getting richer while the poor get poorer.
On the other hand, maybe investors are seeing a better investment climate under President Trump. Private investment has been underappreciated. Private investment is the engine that pulls us towards a more prosperous future. It is not government. It is not consumption. It is private investment that gives us new well-paying jobs, a rising standard of living, and the American dream of a better life for our children.