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trump murdering the Dow......


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3 minutes ago, noonereal said:

i think today's collapse is being blamed on his NAFTA remarks yesterday

 

Ah, I guess I should be glad and offer to buy him dinner, then? But, really, he has been saying and doing all sorts of things that should have made the market selloff since he came into office. But it did not. It kept going up.

But it now appears that the mood of the big money has changed. It does not really matter why. If it is something big, we will find out in due time. 

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1 minute ago, DarterBlue said:

But, really, he has been saying and doing all sorts of things that should have made the market selloff since he came into office. But it did not. It kept going up.

but we know why that was

Wall Street knew the casino would be allowed to load the dice. ;)

 

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Just now, DarterBlue said:

Maybe he is having a meltdown in office?

i don't think so.

I think he became confident in the office of President in the last year and has decided as he has said, that he knows better than experts and that he will do has he damn wants (not having any clue or caring, of implications.)

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1 minute ago, noonereal said:

i don't think so.

I think he became confident in the office of President in the last year and has decided as he has said, that he knows better than experts and that he will do has he damn wants (not having any clue or caring, of implications.)

Hope you are wrong. If you are right, we are probably all toast!

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1 minute ago, DarterBlue said:

Hope you are wrong. If you are right, we are probably all toast!

i promise you, he has made a conscience decision to no longer listen to his advisers.

realize

he blames himself for nothing so all the turmoil around him is the fault of others

so

best solution, don't listen to others

 

 

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1 minute ago, noonereal said:

i promise you, he has made a conscience decision to no longer listen to his advisers.

realize

he blames himself for nothing so all the turmoil around him is the fault of others

so

best solution, don't listen to others

 

 

That's a real scary conclusion. You know, don't you? Can anything be done?

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Just now, DarterBlue said:

That's a real scary conclusion. You know, don't you? Can anything be done?

It's interesting. Trump has put himself in a position where nothing will be done.

It is his cabinet that has to send a letter to Congress to say the President is not acting rationally. 

Having replaced his cabinet with all yes men means he has taken this possibility off the table.

The other possibility, that congress impeach him, is not on the table as Ryan and Mcconnell have made political decisions to enable the president.

Trump has played this perfect but people keep underestimating him. 

He is untouchable except at the ballot box in 3 years and frankly, I think he'll be reelected. 

I mean this too, his actions have forever changed things and not for the good. 

 

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4 minutes ago, noonereal said:

It is his cabinet that has to send a letter to Congress to say the President is not acting rationally. 

Having replaced his cabinet with all yes men means he has taken this possibility off the table.

The other possibility, that congress impeach him, is not on the table as Ryan and Mcconnell have made political decisions to enable the president.

If you are right, and his cabinet will not act, and the Dems don't regain majorities in both houses, it will take a very, very long time for the country to recover from this. I really do believe this to be true!

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34 minutes ago, HSFBfan said:

Dow still up 5k from inauguration day. Dow is just fine. Relax. 

3 billion people use the internet and you are absolutely the last person on the WWW that should give stock advice, kid.

Move along.......stay out of the eductaion threads too.

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I think the market drop today came from China announcing their tit-for-tat tariffs on American goods. 

Of course the primary targets were American farmers. Pecans and swine getting huge tariffs placed on them. 

The pecan crop tariff is going to hit Georgia pretty hard. China discovering a love for the pecan had created a huge market and the price per lb. skyrocketed over the past few years. Farmers started gambling and planting pecan trees on their land. Effectively they have tied up their land for years to come, gambling on the strong demand from China. 

Lots of trees being planted and then Trump pops in with his trade war mess. Burning the "farmers for Trump" group that went all in for him. 

 

 

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3 hours ago, DarterBlue said:

Ah, I guess I should be glad and offer to buy him dinner, then? But, really, he has been saying and doing all sorts of things that should have made the market selloff since he came into office. But it did not. It kept going up.

But it now appears that the mood of the big money has changed. It does not really matter why. If it is something big, we will find out in due time. 

The market and the economy are their own entities and it makes no difference who is in office relative to POTUS. One only needs to follow the history of each going back to the beginning of last century. All of the indicators that have preceded strong downturns in the past have been festering for some time now... abnormally high "run up" of the DOW - Obscene real estate values way above what they should be -  A far too rapid growth of the tech industry where more jobs are eliminated for every new job created along with a ridiculous shift in the growth of the wealthiest around the world at the expense of the middle class, are just a few of the factors that will contribute to a sharp economic downturn. This is not just a US problem. When it crashes it will happen in most parts of the world.

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