Posted on 12/24/2018 10:22:06 AM PST by Sir_Humphrey
wo major stock indexes headed toward their worst Christmas Eve of trading ever on Monday, as the S&P 500 pushed to the cusp of a bear market.
Markets responded to turmoil in Washington. Multiple reports said President Donald Trump is discussing how to remove Jerome Powell from his position as chairman of the Federal Reserve. That discussion, as well as the recent market volatility, spurred Treasury Secretary Steven Mnuchin to call the leaders of the six largest U.S. banks over the weekend. Additionally, Defense Secretary James Mattis announced he would step down at the end of February, saying his views do not align with the president’s.
(Excerpt) Read more at cnbc.com ...
These past few weeks have a great time to collect some cash and prepare for some bargain buys 1st quarter 2019, and get in on the bottom of a new bull market.
The prospect of Maxine Waters as head of the finance committee must be scaring the crap out of Wall Street.
All I want for Christmas is a GOP with real conservative values and a REAL SPINE, like the Democrats have.
This more than just Soros. Even he doesn’t have the kind of $$ moving the market now.
Soros and his friends=maybe. He’d need a lot of friends I believe
He's the most powerful man in the world......use your imagination.
Went to Walmart in Central TX today, it was packed. People are spending LOTS of money. Looks like a booming economy to me!!
“He’s the most powerful man in the world......use your imagination.”
How about he declares the Democratic Party to be in a state of insurrection, and all its members enemy combatants who may be shot on sight.
That would be better than “tweeting”.
The equity markets are not alone. Oil has been absolutely savaged. IMVHO, oil prices scare me much more. Equity markets are essentially a second hand market of shares in companies that frankly have not traded on a rational basis since the 1980s. Oil prices say something scary about the global outlook on oil demand, which in turn displays a VERY negative outlook on the global economy.
The big question is could we see a growing US economy as an island to its own, in the midst of a global recession?
Ever? I think not.
Yes. The market really is not a good barometer. “Experts” tell us all kinds of things about the equity markets that may have been relevant at one time in history, but I just don’t think they apply anymore.
Markets rose under the abysmal Obama years.
Gold, bitchez! ////////////////////////////////////////////////////////////////////m
Thank the LIBs. They are reverse Midas. Everything (I mean EVERYTHING) they touch is eventually ruined. No exception. Pox on these life losers.
Down 5,000 since October. Another -4,000 to go.
The market started its downturn BEFORE the news of the Dems taking over the house.
At least they didn't use the word "chaos". That would have been too obvious.
Trump will being doing his job leading America through a Economic Depression.
Powell will be doing his job by “rebalancing” weak spots in the economic system.
Neither Trump or Powell are the “bad guys”. They are just exposing fraud in the system.
I believe that the fed head is a holdover. In any case there is a panel that decides. It is not up to any one person.
Another FReeper loses his ass in the market and blames Trump - instead of the real causes.
Go buy something of value, like real estate and quite giving your money to Wall Street then blaming a president who's done nothing but bring the USA a giant golden goose.
If you do that, you won't need to come here and whine.
Real Estate has gotten beaten up too. Besides millions of people are going to look at their 401ks at the end of the year and see they lost money. What’s your solution ? Yell at them too. In case you don’t realize, crashing stock markets are not a good thing.
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