Posted on 02/05/2018 10:10:59 AM PST by SeekAndFind
The White House said Monday it is worried about the U.S. stock market sell-off.
"We're always concerned when the market loses any value, but we're also confident in the economy's fundamentals," an official said in a statement to CNBC.
The Dow Jones industrial average briefly fell more than 300 points Monday morning and the S&P 500 traded about 0.75 percent lower, extending last week's plunge.
President Donald Trump has touted the strong stock market performance since his election win and has yet to deal with a significant market pullback. The Dow is up more than 30 percent since the election.
(Excerpt) Read more at cnbc.com ...
Good opportunity for RAT insider trading.
My only concern is that we haven’t yet had the reckoning over Quantitative Easing. The current exuberance is not irrational, but it’s still sitting on top of Obama’s hollow bubble.
Bubbles eventually have to burst. All Trump can do is to keep pursuing growth policies (taxes, deregulation, lawsuit reform, etc.) and working junk science out of environmental regulation.
Trump’s promised policies impacted the stock market for the better. This is going to be a big correction. The market doesn’t go in one direction only.
And folks, who wouldn’t tout the nearly 49% increase in the DJIA over 14 months?
It was my take that sooner or later there would be a big correction. Big deal.
Trump was right to take credit for the rise, because there was plenty to be happy about with regard to his business policies. This market will rise again. Count on it.
This market wouldn’t be correcting as much as it is, if there hadn’t been massive upside. It’s as healthy as growth. Trump is still slaying it. Amazing.
People take profits and reinvest.
We’ll be seeing big upside soon enough.
True enough, but there is value in the market. For the most part companies have been beating their projections handily.
Even after all the rise, the stocks were still healthy. Value was still there.
This will turn around, and many more shares will be purchased. The DJIA could easily hit 30,000 under Trump.
I’ve known a few people that lost some very big money thinking like that.................
Trader's don't like uncertainty. Never have.
What's happening in D.C. effects their thinking........
It is down 1500 points now.
The media game when it comes to reporting stock market performance: downplay day to day movement by citing percentage. Hype it by citing points.
But that aside....we will never know.
We can make good guesses.....and that is all.
Personally....I think the "M" was due to turn down some....Let off steam.
And I think...actually I do know this... the uncertainty in the Political realm...makes for selling also.
Some of us took advantage of several opportunities to sell off small bits of our stock assets since then.
The market is run by people buying and selling (not all of the Americans)The free market goes where it wants. Doesn’t matter who is office.
Well said. And when there are NO buyers, that is what happened in 2008.
A correction was due. Hopefully we Freepers have cash on hand in our portfolios because now is the time to do some bargain shopping!
Specifically how did the Democrats do the “hit job”? Just curious about your thoughts.
Some perspective.
In October of 1987 the Dow Jones Industrial averages good morning sat at about 2300, are the markets closed at 3 p.m. that day the djia Lost 508 points. That represented 23% of the DOW.
This past Friday the Dow began the day at about 26,000, when the day was over it had lost 665 points. That represented a loss of about 2.3 %. Had the Dow on that day lost proportionately the same amount as it did in October of 1987 the sell-off would have amounted to about 6,000 points, or fully 10X more than what we saw.
The fundamentals for a strong economy and therefore a strong market are in place. The markets move on earnings, not political infighting in the swamp.
“The market is run by people buying and selling (not all of them Americans)The free market goes where it wants. Doesn’t matter who is in office.” Don’t have my glasses on.
I give him credit for all the rise above 17,188.28.
The day before the election, the market rose 350 points.
Hillary had cancelled her fireworks display, and some folks were beginning to catch wind of a big upset.
Had the market not gone on to set 17 new records that year alone, I would have given the rise on the day before to Clinton.
Spouting all this crap about Trump and the Memo, their fake document, constitutional crisis crap. Flooding the Airwaves saying he has a war going on with the FBI. It all adds up. Market’s don’t like drama and the Dems are working overtime attacking him.
I’m down 28% right now for the past two weeks. I’m not panicking but would like to see it move upward now.
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