Gold was dumping yesterday and reversed course...up again this morning
The more that he tells people how easy it’s going to be to replace Obamacare with something everyone will love, and to pass a gigantic and unnecessarily complex tax reform that everyone will love, the more he is setting this market up for a MASSIVE disappointment trade.
Love the smell of speculators losing their shirts in the morning... smells like... reality.
Stock market goes up.
Stock market goes down.
Every day.
SSDD.
It looks like the stock market dropped during the press conference, suggesting to me that everyone stopped to watch the presser.
MW is liberal tripe.... I’m sure if someone looks back you’ll find them saying that Trump did not help the markets... & now he is hurting his own market - they always want it both ways.
A little over a hundred points overall and one biotech ETF dropped ten. Big whoop. Statistical noise.
Projection by the left...another fake news nugget.
I’m sure all the Wall Street traders took an hour off from their trading to watch the press conference..........NOT!
I am sick to death of giving a damn about the healthcare companies, particularly the drug makers. These companies, and a lot of non-public ones in the industry, all engage in monopolistic practices that violate all kinds of laws. The result is that we are going broke paying for their profits. Much of what ails our economy is wrapped up in absurdly high medical costs; one never knows what a procedure or hospital stay is going to cost until you get the bill. No other business is able to get away with that, why should they?
Or are willing to go along with to suit their own agenda.
well what happened is sellers lost and buyers won during the interval of uncertainty.
Novel approach to attack Trump buy built on stupid and false idea that Wall Street guys actually understand anything about the world outside ,
He was never Wall Street’s guy, and I don’t expect them to like him, or his actions.
Trump told the truth on stock prices. U.S. citizens should not be paying higher prices to subsidize how Pharma accepts the government dictated prices set in Canada and all over Europe.
The cure? Set government fixed prices here? No.
The cure is a simple rule that would say drug companies selling drugs here cannot sell them for an average price that is higher than the median of the government-fixed prices they are forced to accept in other countries.
They will start telling other countries they will have to either quit selling some of their drugs to them, or get some higher prices from them. In some cases their prices overseas WILL go up, and in some cases they will quit selling some drugs in some other countries. Meanwhile, until the rest of the world adopts market prices for drugs, U.S. prices will come down.
A flea sneezes in Bangladesh and the stock market takes a tumble. Nope, sorry, can’t be bothered with every little blip of the market.