Sunday, February 04, 2018

Dow Dropped 666 on Friday

Wall Street just suffered the worst day of the Trump presidency.
The Dow closed down 666 points, or 2.5%, its biggest percentage decline since the Brexit turmoil in June 2016 and steepest point decline since the 2008 financial crisis. ... Some market analysts said the political controversy over the release of the disputed GOP memo is rattling Wall Street. "You've got trouble in the Department of Justice and the FBI at the senior level," said Jeffrey Saut, chief investment strategist at Raymond James. "It all hit when the market was ready to go down anyway. It just accelerated it," Saut said.

Comments

This is Obama's fault. This is still Obama's economy. That's what the Democrats keep telling us.

#1 | Posted by sixam at 2018-02-02 04:28 PM

"This is Obama's fault. This is still Obama's economy." - #1 | Posted by sixam at 2018-02-02 04:28 PM

Why cheering on the stock market is risky for Trump
Oops.

#2 | Posted by Hans at 2018-02-02 04:33 PM

I jumped the gun in saying the Dow only fell 600 points. It actually fell 666 points.

I wonder who could have been behind that specific number. Could it be...

#3 | Posted by cbob at 2018-02-02 04:41 PM

This is Obama's fault. This is still Obama's economy. That's what the Democrats keep telling us.

#1 | Posted by sixam at 2018-02-02 04:28 PM | Reply | Flag:

Obama's economy ended October 01 2017 at 12:00AM. This is now Trump's economy.

#4 | Posted by LauraMohr at 2018-02-02 04:44 PM

Hatter is right.

There was nothing they didn't try to twist into evidence that Obama was demonic or associated with demonic forces.

Steve Bannon literally said he admired Satan and they didn't so much as bat an eye.

I'm left wondering if the majority of religious right's Christianity is fake as everything else about them.

#5 | Posted by Tor at 2018-02-02 05:28 PM

This became Trump's economy the moment that investors watched the news of the day and said "oh s**t!, he did collude and it looks like Mueller is going to prove it."

#6 | Posted by danni at 2018-02-02 05:38 PM

The Dow has dropped 900 points this week.

And today was the worst day since brexit.

Billions of dollars vanished in a puff of smoke.

Them 401k's everyone was so happy about might not be looking so good by next week.

#7 | Posted by donnerboy at 2018-02-02 06:47 PM

That's what the Democrats keep telling us.

#1 | Posted by sixam

Stop listening to the voices in your head.

#8 | Posted by donnerboy at 2018-02-02 06:56 PM

One of the factors which gave today's action momentum was the concern that there would be 4, rather than 3, interest rate hikes.

#9 | Posted by GOnoles92 at 2018-02-02 07:03 PM

This is Obama's fault. This is still Obama's economy. That's what the Democrats keep telling us.

#1 | Posted by sixam

I don't think people were referring to every little blip in the markets when arguing that point.

Broader trends, sparky, that's what's important.

#10 | Posted by jpw at 2018-02-02 08:39 PM

Donald takes credit for the good, he takes credit for the bad.

Any of you Trumpites got a problem with that?

#11 | Posted by Zed at 2018-02-02 09:41 PM

Dow Drops 666. Proves we elected the antichrist

If Satan's breath was a color, the color would be orange.

#12 | Posted by PinchALoaf at 2018-02-03 07:15 AM

ZED, for the 8 years of Obama everything bad was the fault of Bush, Republicans, tea-baggers etc...

#13 | Posted by jamesgelliott at 2018-02-03 08:21 AM

"One of the factors which gave today's action momentum was the concern that there would be 4, rather than 3, interest rate hikes."

Yep, but people with blind partisan hatred have to find a reason to blame it on one party or the other.

In reality, it's no big deal. A mere 2-3% change.

#14 | Posted by jamesgelliott at 2018-02-03 08:43 AM

If one needs to blame 'someone' then blame the Fed for raising the interest rates, which usually leads to a falling stock market.

Here's another side of those rates being raised:

The Fed tries to influence that charge -- called the federal funds rate -- and it's what they're targeting when they raise or cut rates. When the fed funds rate rises, banks also hike the rates they charge consumers, so borrowing costs increase across the economy.Dec 13, 2017
How the Fed raises interest rates - Business Insider
www.businessinsider.com/how-the-fed-raises-interest-rates-201

#15 | Posted by MSgt at 2018-02-03 12:32 PM

This discussion has moved.

#16 | Posted by retort at 2018-02-03 05:33 PM

ZED, for the 8 years of Obama everything bad was the fault of Bush, Republicans, tea-baggers etc...

#13 | POSTED BY JAMESGELLIOTT AT 2018-02-03 08:21 AM | FLAG:

I'm not saying there isn't a smigent of truth to your statement but you really need to consider what chocolate Jesus inherited from W.

While I'm no fan of Obama (and I voted for him the first term) his back was against the wall with the biggest financial crisis since the Great Depression and that started on day one. Where he lost me was lying about the wars. He ran on the premise of ending them and that he didn't vote for them then poured gas on the fire and my kid ended up over there. Just call the cards the way the fall.

#17 | Posted by lfthndthrds at 2018-02-03 06:30 PM

Just call the cards the way the fall.

#17 | POSTED BY LFTHNDTHRDS

that and the fact that he continued the bailouts unabated should prove to non-political-party-worshipping people that some things are done no matter what party is in office. Thus, it is ordered from a 'higher power than the president' (no, not god, but rather the kingmakers who puts president in office, and manipulates stupid people into being in a state of wrong-thinking political party piety).

#18 | Posted by kudzu at 2018-02-04 08:53 AM

Where he lost me was lying about the wars.

#17 | POSTED BY LFTHNDTHRDS AT 2018-02-03 06:30 PM | REPLY

What election were you watching? He was pushing US hegemony the entire time.

#19 | Posted by sitzkrieg at 2018-02-05 08:09 AM

. It actually fell 666 points.
I wonder who could have been behind that specific number. Could it be...
#3 | POSTED BY CBOB

And the 4 Horsemen...TRUMP, PENCE, McCONNEL & RYAN are ready

#20 | Posted by ABlock at 2018-02-05 12:24 PM

That Trump Bump seems to be melting.

#21 | Posted by Whatsleft at 2018-02-05 12:43 PM

I'm sure there will be another thread on this later, but today it is down ANOTHER 1,000+ points.

#22 | Posted by bartimus at 2018-02-05 03:59 PM

#21 | POSTED BY WHATSLEFT

I'm sure the usual suspects will let us know how this is Obama's fault.

#23 | Posted by IndianaJones at 2018-02-05 04:24 PM

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