General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs the Stock Market reacting to the trump memo release?
To the dissolution of our democracy?
To the fact that in a few days we'll be in another government shutdown threat?
To the reality that the party in charge of it all is actually part of the executive branch?
To who is the fucking 'president'?
Just Curious.
Billy Jingo
(77 posts)Or maybe the end of Yellen's term.
Wellstone ruled
(34,661 posts)The real deficit for this year is now forecast to be 1.8 trillion,this was posted earlier this week. The Debt Ceiling was increase to 1.5 trillion last year,now we are seeing the real truth. Smoke and Mirrors. The real shit is about to hit the fan.
lunasun
(21,646 posts)Hey trump - It not just about more jobs
lisa58
(5,755 posts)bearsfootball516
(6,377 posts)The massive spike wasn't going to last forever, it was going to correct itself at some point.
lapfog_1
(29,205 posts)it is reacting to the tax cut of 2017
It's complicated... but the government is having to cover shortfalls in revenue due to less taxes... covering by borrowing...
As soon as the bond markets were roilded this week the market started getting "choppy"
That started the "head of the exits" on an already overheated stock market.
Hamlette
(15,412 posts)lapfog_1
(29,205 posts)The job numbers just came out today and they are in line with what was expected.
And this isn't my analysis, it's from Ali Velshi.
herding cats
(19,565 posts)Also, the strong jobs market could lead to increased wages which aren't good for the market. The market was also due for a correction before those are factored into it.
Trump doing stupid shit doesn't help either.
kstewart33
(6,551 posts)And the Treasury running short of $$$ because of the new tax law.
greatauntoftriplets
(175,742 posts)unblock
(52,243 posts)for the most part the stock market doesn't care so much about much in politics, except to the extent they see it affecting business laws and taxes and regulations.
in and of itself, the markets don't care about which party or how many parties or if it's a dictatorship or not.
as long as they are left alone and get their tax cuts, they are happy.
the memo itself is too fine a point for the market to care much about. there might be a bigger reaction to rosenstein/mueller getting fired should that come to pass. or donnie getting indicted, should that come to pass.
Turbineguy
(37,337 posts)makes things worse.
Awsi Dooger
(14,565 posts)I don't mind because I've been wanting to transfer more into technology stocks, which are really being hit hard today. I have lots of Apple but not enough in other technology funds. I already nibbled today but I'll set some aside in case it's an ongoing correction. In sports betting I always can predict where we're going with the number but that's not the case with the market. So I invest in stages.
The trend seems to be a big drop is normally followed the next day by a smaller drop, then it levels out on the third day.
malaise
(269,026 posts)Are you listening to Bernstein on CNN? Damn!
spanone
(135,843 posts)malaise
(269,026 posts)spanone
(135,843 posts)Response to malaise (Reply #18)
spanone This message was self-deleted by its author.