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 presidents.
(Excerpt) Read more at cnbc.com ...
Come visit me in FL and try selling commercial.
I got buyers clawing all over me - normally that would be a dream, but there's is nearly no inventory. Everyone is expanding and wanting new locations and fighting over what's available. NOBODY, and I mean NOBODY I know is going out of business. If you can't make money in this economy, just go shoot yourself for crying out loud.
Christmas retail is up 5% over last year. Anyone who wants a job can get one. Massive amounts of capital is coming back from abroad and being pumped in by the banks - which are all healthy, with good reserves and minimal write-offs.
There is no crash or downturn coming. Even if stocks went to ZERO, it would take us a considerable time for all the wealth that's being created to wind down.
Everyone just needs to calm tf down... or stay away from stocks altogether if you can't stand the heat. Go make some *real* money in the *real* world.
So - you merely taking the bait or actually trying to feed it to us? Deep State antics have more to do with it than the tariffs...Fed has more impact and it is obvious that the Fed wishes Trump was out.
Not to rain on your parade, but unemployment, decreased sales, decreased earnings tend to happen after the stock market crashes.
Decrease in demand for imported goods? How does that hurt the US worker?
This has nothing to do with taking the bait. Our financial markets are in bear market territory and that typically does not bode well for future economic performance or for the politician in charge.
The Chinese plan to scare you is working. Don't be manipulated.
MORE TARIFFS AND HIGHER PLEASE.
It had falls and partial recovery. After the midterm it has been nearly all down.
I actually think the stock market NEEDS to "crash" a little, particularly the bigger, inefficient banks and tech companies.
But it isn't going to crash - some of the rot within it might - but to think we're anywhere near a crash in this environment is based on zero real-world data. All of the fundamentals indicate a boom.
You're not raining on my parade. Blessings and a Merry Christmas to you sir.
You’re full if anti-Trump poop. The markets took a dive due to the fed raising rates, not for anything Trump has said.
You nailed it. The market is very worried about the Dems taking the house.
Interesting...that you had no replies.
Interesting ... that yesterday’s rally rendered most of the posts on this thread obsolete. LOL.
Then there is today...............
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.