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05 Feb 18
22:54
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Date Joined:
05 Apr 06
Finally realised Trump is a wrong-un !
The White House is "concerned" about the fall on US stock markets after the Dow Jones Industrial Average dropped by 1,175 points.
The leading US stock market index closed down 4.6% at 24,345.75.
The White House told CNBC: "We're always concerned when the market loses any value but we're also confident in the economy's fundamentals."
The fall surpasses a previous record 777.68 points drop on the Dow Jones during the financial crisis in 2008.
That came after Congress rebuffed a $700bn bank bailout plan following the collapse of investment bank Lehman Brothers.
US investors are reacting to small but significant changes in the outlook for the US economy, and what that might mean for the cost of borrowing.
The stock market sell-off began on Friday when the US Labour Department released employment numbers which showed stronger growth in wages than was anticipated.
The White House is "concerned" about the fall on US stock markets after the Dow Jones Industrial Average dropped by 1,175 points.
The leading US stock market index closed down 4.6% at 24,345.75.
The White House told CNBC: "We're always concerned when the market loses any value but we're also confident in the economy's fundamentals."
The fall surpasses a previous record 777.68 points drop on the Dow Jones during the financial crisis in 2008.
That came after Congress rebuffed a $700bn bank bailout plan following the collapse of investment bank Lehman Brothers.
US investors are reacting to small but significant changes in the outlook for the US economy, and what that might mean for the cost of borrowing.
The stock market sell-off began on Friday when the US Labour Department released employment numbers which showed stronger growth in wages than was anticipated.
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After warning of a market bubble during the campaign, however, Donald Trump became the Dow Jones's biggest cheerleader- in tweets, at rallies and even during last week's State of the Union address. That set up the jarring visual of the president boasting about the benefits of his tax cuts in a speech as the markets headed south.
US cable news channels, which had been airing the president live, cut into their coverage to report on the record-setting day. It was a highly visible hiccup in the recent US economic success story that will be hard for most Americans to miss. The president will make the case that the fundamentals in the economy are still strong. Wages are up and unemployment is down - possibly contributing to stock drop. If growth continues, this could be chalked up as yet another rhetorical mis-step by a non-politician. If it's the beginning of a larger correction in an election year, however, the president's words could come back to haunt him. David Madden, market analyst at CMC Markets, said: "Equity traders were enjoying a bullish run recently, and the jolt from the major decline in the US last Friday has triggered a worldwide round of profit taking." The decline in the Dow was closely followed by the wider S&P 500 stock index, down 3.8% and the technology-heavy Nasdaq, down 3.7%. In London, the FTSE 100 index of leading companies also fell to close down 1.46% or 108 points lower. |
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He will just ignore it will Trump and push some other rubbish its what he does. he was tweeting about the stock market weeks ago being at record highs, yet not one tweet today and they are pushing some rubbish economy fundamentals
 . the stock doesn't matter now, its the economic fundamentals then  . honestly, this administration are beyond a joke now, they are passed being funny to laugh at, they are just cringe worthy at this point. |
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More jobs, rising wages and lower taxes.
Don't think yer average American will be bothered. |
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....and dangerous !
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Left Logic
Stock Market boom = Obama Stock Market fall = Trump |
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Fake News
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Like I said, the trumps will conveniently forget the crash today and just point at low taxes etc, which no one is actually seeing the benefits of other than the super rich. wait till the market goes back up in the coming days and they'll be banging the stock market drum again
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The average wage earner in the US is better off under Trump so why should they be upset?
Trump bashing in this country has passed being funny to laugh at, it is just cringe worthy at this point. |
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It's only a fall back to 2 months ago's figure, Experts saying it is only a correction to the Market that had been sky rocketing.
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SontaranStratagem
05 Feb 18 23:35 Joined: 30 Aug 17 | Topic/replies: 365 | Blogger: SontaranStratagem's blog Like I said, the trumps will conveniently forget the crash today and just point at low taxes etc, which no one is actually seeing the benefits of other than the super rich. wait till the market goes back up in the coming days and they'll be banging the stock market drum again Laugh ^ Fake news alert. 'just point at low taxes etc, which no one is actually seeing the benefits of other than the super rich.' Thousands of Americans have had bonuses of thousands of dollars from the companies since the super high corporate tax rates were moved into line with international norms making America competitive again. |
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FTSE down 2% ... no biggie.
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Whether this ends up being a real meltdown or just the current market correction – as always the media like to portray falls in a hysterical manner without giving any context.
Remember the hysteria surrounding the falls after the EU referendum? The following chart shows how overblown that was. The red circle indicates those falls after the referendum and what has happened since. The blue circle indicates the Trump election. As Sticky Vicky mentions, the index has still only fallen to the level it was a couple of months ago. The media really need to add a bit of context to their reporting.  |
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The point is illustrated further by reporting it as “The biggest points fall ever” in the Dow Jones.
Again, without context this statement is meaningless. If you look at the falls in percentage terms – Since 1985 yesterday’s fall wouldn’t even make the top 25 daily worst days! |
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Yes but Spotty is a bit of a drama queen and gets carried away sometimes
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the 1 per cent (elite)say then it does up and when it goes down and its always for their benifit
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If companies like Carillion can't service their debts in a low interest environment what do you think is going to happen with rising interest rates ? Domino after domino is going to fall worldwide. Get the tinned food in.
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the DOW Jones closed down 666pts on the week,spooky eh!
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The market will go back up again as is its way. A stock flash crash is hardly the end of the world.
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I blame it on them giving women the vote. its no coincidence 100 years after they get it we end up with this
worldwide finacial disaster. |
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Gin: As Sticky Vicky mentions, the index has still only fallen to the level it was a couple of months ago. The media really need to add a bit of context to their reporting.
Not in their job description I'm afraid. They MUST talk down the economy (and blame Trump & Brexit) or they get sent on a re education course. The Dow has risen 25% in recent times!!!! Barely reported let alone celebrated. Disgusting journalism to lead with this story. Sadly, entirely predictable. A few years ago, the FTSE fell below 5000 points. Since Brexit it's soared to record highs over 7000. Not a peep from the Project Fear muppets. |
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how many of the ftse companies are the same as those when index was 5000 ?
if you tracked those companies what would the index be now? |
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Only fallen to the level it was 2 months ago. But the speed of it is scary and that makes further steep falls highly likely. Pensions were already in trouble.
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Just to be clear, I’m not saying that the index won’t fall a lot further. In fact I am sure it will at some point but whether that is tomorrow, next week, next month or next year – who knows?
My main point was regarding the hysterical reporting of the falls without giving any context (particularly the “largest points fall ever” report which is especially disingenuous). |
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I needent worry. The media will quickly change story once this minor sell off ends, and quickly move onto another doomsday story. They only deal in fear mongering nowadays.
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-530. Within 1 hour 30 minutes its into the green. Its the biggest load of rubbish out there is the stock market tbh, how is that the behavior of a normal trading system? Come on wake up.
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BOING!!!!! I told yer - bounces back
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switch back to thumping trumpton now and brexiteers - ho ho
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So the stocks are all trumps doing again now
. Gotta love this political s#$÷ show lol. Tbe left will now quickly switch back to the russian narrative, the right will now be virtual high fiving trump because of the fightback in the market, despite blaming it on robots and deep state bankers last night, but they never really cared about it last night either . Really,both sides are just a joke at this point. |
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Ha. Right on cue cnn have removed the stock market from their main story.
. You seriously could not make this up lol. |
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with cnn you could
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those with investments on the stock market might like to listen to yesterdays "Richie Allen Show" he is talking with Jeff Berwick aka The Dollar Vigilante" The title to the show is "The coming financial crash will make 2008 look like childs play--be prepared.
you get the general grist. |
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Anti Trump Mob more Seething
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funny enough wouldn't be his fault if it did crash
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Is anyone else laughing at the stock market? They flash crashed it and took a lot of mug buyers money. Since yesterday afternoon its done nothing but soar. Sorry but I think its a con.
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https://www.youtube.com/watch?v=z5jrqe8ryJ8&index=1&list=RDz5jrqe8ryJ8
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dow jones up and down like a combover on a windy day
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It was -650 minutes ago, what's the odds it goes on an evening run back towards green?
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Plummets 1000 points
I take it the trumpers dont care about it tonight then, its only the stock market and its all about the fundamentals. |
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Still up 20 % over all for 12 months. Not time to panic yet.
Different factors at play this week stand off in the Government over budget agreements and looming shutdowns again. New Chairman of Federal Reserve ( Trump nominee ) Jerome Powell started new job this week, so some players not happy and want to give him a difficult start the job. |