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 ...
More bull shiite from the propaganda media. Someone is manipulating the markets to crash the economy. They would rather crash the economy than have Trump look good with a successful economy.
The Fed should be abolished. Its mission is not to scuttle a growing economy with little inflation, but that’s what they did. They’ve wiped out $6.5 Trillion in shareholder wealth in just 3 months.
well, our stocks here are down but not all that much to cause any serious worry
big deal, markets go up and down
but i will acknowledge that there does appear to be a concerted effort to drive the market down...it behaves like key stocks are being sold off rapidly (which could be done by one or just a few super=sized players/manipulators...)
we will see. I generally tend to be very suspicious of what SorozNazi is up to, since he works 25/8 trying to pull down, destroy America... we will see... he can risk a few tens of billions of his filthy lucre since he’s 85 and ain’t gonna be able to take it all with him anyways where he’s going it will melt from the perpetual heat
And Trump is making it easy for them. It would be nice if he fought back, but all he does is tweet.
“The men in the smoke filled back rooms like to make money too”
They sure do. And they are much more interested in the long run fortunes they make by pursuing globalism and screwing America then the short-term profits of one year on the stock market. They are, and would, devastate the economy for the sole purpose of getting rid of Trump.
I hope they don’t get any better than this.
Partisan political actions without care for the good of the country.
You have heard of shorting, correct?
Powell should be fired! Hiking 8 times in two years was designed to hurt Trump. Greenspan screed Bush 1 to give us Clinton and kept rates low to keep him from getting impeached. Dems planning on impeaching Trump and if the economy tanks the GOP will go along with it!
Lots of little reasons, but the big reason they keep avoiding is that the dems took control of the house.
I’d say few — if any — posters here really understand what is going on here. What’s driving this is not the rising interest rates, but the FED’s ongoing reduction in its balance sheet. At its peak the FED held over $4 trillion in Treasury bills and mortgage bonds, and they’ve been reducing their holdings at a rate of $50 billion per month. The market is declining because the days of the FED subsidizing investors and homeowners are over.
The Feds used every trick in the book to help Obongo with Trump it’s the opposite.
“...Fed raised interest rates eight (8) times in two (2) years during the Trump administration. Not a single time from 2008 to 2015>>>”
Nough said, right there. They’re part of the problem, not the solution.
They’re the fiduciary branch of the UniParty.
They did everything to help the foreign usurper, and nothing to help the patriot Trump. They should be disbanded.
“The volatility started with tariffs.”
Tarriffs may be “a” factor, but the volatility rose as the higher interest rates from the Fed got implemented. Why? The low interest rates though bad in the long run allowed the market to gloss over better value analysis, ‘cause fixed interest rates were so low. Released from some of the opium, value analysis had stronger weight, up or down, and thus more value based decisions and thus more volatility. Actually the Fed indueced bull market reflected for so long, on average, a historic low level of volatility - but as the Fed’s stimulus controls eased off, that started to change.
They are prepared to take short term losses, if they think that they can get long term advantages. That includes regaining their political clout and control, and achieving ideological goals.
Companies like Apple, Google, Facebook e.t.c. are willing to offend millions of customers in the short term to achieve their ideological goals.
I agree, this is being manipulated, even though markets always crash when the Dems get in charge (now that they have the House).
Who says that “high” market numbers are good? They go up, and they go down. When they go up, it’s an opportunity to sell. When they go down, it’s a chance to buy.
We are witnessing the replay of 1937. The drop back down that actually lead to the events of 1939 and 1941.
History may not repeat itself. But it sure does rhyme.
Stock Market dives once again, driven by wishful thinking Trump Democrat millionaires, and the “Go Fund The Border Wall” Campaign will have raised more the one million dollars in the last twenty-four hours!!! Trump wins again!!!
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