Posted on 02/08/2016 3:03:00 PM PST by SkyPilot
Amid another battering for stocks Monday, billionaire businessman Donald Trump contended that markets still look overvalued.
"I hope I'm wrong, but I think we're in a big, fat, juicy bubble," the Republican presidential candidate said on CNBC's "Power Lunch."
Major U.S. stock averages were down more than 2 percent each Monday afternoon, continuing a rocky year in which the S&P 500 has fallen 10 percent. Fears about slowing growth in the United States and around the globe have contributed to the recent selling.
Trump, who was in New Hampshire ahead of Tuesday's primary voting, criticized the state of the economy and touted his plans to trim U.S. tax rates and increase competitiveness with China, which has had recent problems of its own.
Trump's promotion of his economic policy comes after he finished second in last week's Iowa caucuses to Sen. Ted Cruz of Texas. Despite his slip in Iowa, the bombastic Trump holds a solid lead over Sen. Marco Rubio of Florida in recent New Hampshire polls.
The billionaire called the January U.S. jobs report released Friday a "phony deal," saying that the headline unemployment rate does not include those who have stopped looking for work. The U.S. economy created 151,000 jobs in January as the unemployment rate fell to 4.9 percent, but a broader measure of unemployment held steady at 9.9 percent.
President Barack Obama had a more optimistic take on the reading, saying the U.S. has "the strongest, most durable economy in the world."
(Excerpt) Read more at cnbc.com ...
i’m still long the Eur/Usd. Think the USD is gonna get pummeled this year. Up 4 cents in a few days and holding support above 1.10.
It’s coming like a tsunami.
All brought to us by the corrupt, inept lawyers and politicians in D.C.
The DOW went down over 400 today and ended up down177. My understanding European markets are imploding especially foriegn banks and oil continues its downward trend... I think we are headed towards a major recession which in an election years is not all a bad thing
Freegards
LEX
It’s coming... but it’s brought to us by OPEC and Obammy. The world cannot function with the price of oil at this level.
No, it’s all brought to us by the corrupt, inept lawyers and politicians in D.C. They line their pockets with power and cash while they put us in decline. Ya notice they’re not in decline?
Like Trump said, they’re stupid, inept and corrupt.
BTTT
But that doesn’t add up.... they’re stupid, inept and corrupt..... yet they’re lining their pockets with our money.... So who is really stupid and inept?
Just like our wide open lawless violent, country killing borders. All brought to us by the corrupt lawyers/politicians in D.C.
The apocalypse that is coming will not spare the lawyers and politicians.
Why do ya think Trump is now cleaning their clocks? This is no complex.
Until Trump gets in, they’ll be more isolated and protected than you or I. Bet the rent.
I know it’s a bubble. The DOW will see 10,000 before it sees 20,000
Quick!
Short the Market!
Btw, we should have took the GD oil like Trump said. Instead the lawyers and politicians stuck us with a 2 trillion dollar bill along with thousands of dead and maimed Americans.
What did America get out of all this epic fiasco? They got economically gang banged by the lawyers and politicians in D.C.
Trump is the guy who manipulated the casino market by buying stock in his competition's company and then getting them to pay him to leave. That's what Trump is doing here. He'll get what he wants before he's done... and we'll be left with the same ole, same ole..... that is if the American public is stupid enough to elect him. (which they may be)
People always say doom is at hand when the market goes down.
They never say the market is wrong when it goes up, however.
The turnaround, when it comes, will surprise everyone.
YEP!
So you’re suggesting the American decline is Trump’s fault, not the corrupt inept lawyers and politicians in D.C. who’ve been running this big top?
??
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