Dow Jones has dropped 370 points in the midst of the Trump drama
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  Dow Jones has dropped 370 points in the midst of the Trump drama
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Author Topic: Dow Jones has dropped 370 points in the midst of the Trump drama  (Read 873 times)
Technocracy Timmy
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« on: May 17, 2017, 06:47:02 PM »

Source.


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Pyro
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« Reply #1 on: May 17, 2017, 06:55:19 PM »

The financial sector is nervous that the scandals will prevent Congress from passing tax cuts and the slashing of welfare and food assistance. That's what this article means by "Investors questioning whether Trump's agenda can remain on track."
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DC Al Fine
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« Reply #2 on: May 17, 2017, 06:55:54 PM »

I'm not saying you're wrong , but the Dow is a crappy index. What's the S&P 500 doing?
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Technocracy Timmy
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« Reply #3 on: May 17, 2017, 06:58:43 PM »

I'm not saying you're wrong , but the Dow is a crappy index. What's the S&P 500 doing?

S&P 500 has had its biggest decline since September 9.

Source.
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riceowl
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« Reply #4 on: May 17, 2017, 07:01:15 PM »

If those darn leakers would stop leaking this would never happen!
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MasterJedi
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« Reply #5 on: May 17, 2017, 07:15:39 PM »

Trump running the economy like his own businesses, badly.
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Tintrlvr
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« Reply #6 on: May 17, 2017, 07:25:53 PM »

The market seems to have decided tax giveaways are on indefinite hold while the Trump drama plays out. Good news, really.
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The_Doctor
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« Reply #7 on: May 17, 2017, 07:26:51 PM »

Tim story about rising debt levels was also reported on the AP.
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pbrower2a
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« Reply #8 on: May 17, 2017, 07:55:57 PM »

It is no longer the Obama economy.
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KingSweden
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« Reply #9 on: May 17, 2017, 07:56:46 PM »

I'm not saying you're wrong , but the Dow is a crappy index. What's the S&P 500 doing?

As someone in the industry I agree 100%
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Technocracy Timmy
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« Reply #10 on: May 17, 2017, 08:17:12 PM »
« Edited: May 17, 2017, 08:18:44 PM by Technocratic Timmy »

Tim story about rising debt levels was also reported on the AP.

This is true.

All the hoopla over public debt but virtually none over private debt has never made an ounce of sense to me. National governments have the intergenerational ability to tax people. They can also bring in immigrants and tax them. Growth cures debt, government cuts ironically enough worsen national debt due to increasing the debt:GDP ratio.

So far there's been no response to deal with private debt accumulation. Stagnant real wage growth going all the way back to the 80's makes it difficult to pay back private debt, and coupled with the Fed making damn sure that inflation never occurs makes it so that the burden of the debt isn't eaten away at.

Eventually something like this is gonna have to be employed either during a crisis (likely) or as a pro active measure (unlikely since we're reactive creatures) to help people clean up their balance sheets. The next politician and their Party who preside over this are gonna become extremely popular.
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Green Line
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« Reply #11 on: May 17, 2017, 08:18:48 PM »

The Dow is so high, thats not really as significant as it was in 2008.  It's a drop in the bucket.
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TJ in Oregon
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« Reply #12 on: May 17, 2017, 09:47:15 PM »

The Dow is so high, thats not really as significant as it was in 2008.  It's a drop in the bucket.

I seriously question how much of a relationship Wall Street trading has to companies' actual worth at this point. Is the entire market simply overvalued?
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Technocracy Timmy
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« Reply #13 on: May 17, 2017, 10:05:17 PM »

The Dow is so high, thats not really as significant as it was in 2008.  It's a drop in the bucket.

I seriously question how much of a relationship Wall Street trading has to companies' actual worth at this point. Is the entire market simply overvalued?

The United States is the best place for people to invest their money right now.

The eurozone has been stagnating economically and the EU itself is very fragile. China is faith based investing given that you can't exactly trust their GDP figures or their financial sector (but they are still growing). Not to mention that the only way to guarantee a return on your investment in China is through corruption-aka knowing somebody in the higher levels of government. China has recently undergone a corruption crackdown though so even that's now become suspect for many investors.

Thus we come to the USA: growing and with property rights. Owner of the world's currency reserve (or at least 64% of it) and the most powerful military in human history. The safest bet you can put your money in as of right now.
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True Federalist (진정한 연방 주의자)
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« Reply #14 on: May 18, 2017, 02:42:21 PM »

The market was ready for a correction and Trump provided the reason this time. Unless the market gets a lot worse, this isn't particularly troubling to anyone with some financial experience. So expect Trump to complain about Wall Street unfairly piling on to the witch hunt.
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