Drudge Retort: The Other Side of the News
Friday, December 21, 2018

Stocks plunged again on Friday, sending the Dow Jones Industrial Average to its worst week since the financial crisis in 2008, down nearly 7 percent. The Nasdaq Composite Index closed in a bear market and the S&P 500 was on the brink of one itself, down nearly 18 percent from its record earlier this year.

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So much WINNING!

#1 | Posted by aborted_monson at 2018-12-21 07:12 PM | Reply

Thank the Fed.

#2 | Posted by visitor_ at 2018-12-21 09:17 PM | Reply

Thank the Fed.
#2 | POSTED BY VISITOR_ AT 2018-12-21 09:17 PM | REPLY

Real leaders blame everyone but themselves, right Visitor?

#3 | Posted by bartimus at 2018-12-21 10:46 PM | Reply

How's all that MAGA werkin' out fer ya?

#4 | Posted by woe_is_W at 2018-12-21 10:51 PM | Reply

What we need is more tariffs and chest beating.

#5 | Posted by fresno500 at 2018-12-21 10:53 PM | Reply

Thank the Fed.

#2 | POSTED BY VISITOR

Thank Donald J Trump.

The FED is not causing chaos and uncertainty. The FED said they would NOT raise interest rates after all and the market jumped 400 points on that news. But, it could not hold and closed down another 400 points instead. So much Winning!

Also, don't forget to thank The Trump Shutdown of 2018. I am sure that is not helping the stability that markets need.

#6 | Posted by donnerboy at 2018-12-21 11:30 PM | Reply

#3 | POSTED BY BARTIMUS AT 2018-12-21 10:46 PM | FLAG: Apparently you have not spent much time paying attention to the factors that affect the market or you would have understood VISITOR's comment.

#7 | Posted by MSgt at 2018-12-22 02:07 AM | Reply

How's all that MAGA werkin' out fer ya?

Ya wanted to vote democratic... well now you got it .... own up to it... don't blame the fed or donald... the market is reacting to the fact that democrats are willing to flush the country down the toilet...

just coz they don't like the prez...

Own it, baby... ya wanted it... your gonna get it all...and the looney left will give it to you... enjoy!

#8 | Posted by Pegasus at 2018-12-22 09:50 AM | Reply

The bloated child rapist is just getting warmed up. He's going to make Shrub's Great Recession look like a day at the beach before he's through.

#9 | Posted by reinheitsgebot at 2018-12-22 10:12 AM | Reply | Newsworthy 1

Markets are down 8% since the Trump Tax Cuts for Billionaires.

#10 | Posted by JOE at 2018-12-22 10:34 AM | Reply

Political risk has long been a factor considered by investors who buy overseas securities. That risk is brought forth by the instability of foreign governments. Heretofore political risk has not been a significant consideration for US domestic investors. Sure, we considered the possible policy changes a new president might bring, or the change in position a change in legislative leadership might have on financial markets.

Now, US investors have a level of political risk unseen since the Civil War, or before. Trump is dangerous on many levels, and the danger he brings to US securities markets will only grow. Trump is talking of firing Fed Chair Powell. If he does so, the 2008 recession or the 1987 crash might be repeated. The next two years could be bad...

#11 | Posted by catdog at 2018-12-22 12:01 PM | Reply

Pleeeeze catdog ... don't scare the rubes....

The FED is a PRIVATE corporation and not part of the Federal Government. Trump can't fire anyone there....

Now if you REALLY want to scare the FED....

Task the GAO for an Audit...

#12 | Posted by Pegasus at 2018-12-22 12:41 PM | Reply

Although an instrument of the US Government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government.

They do pretty much want they want... with no accountability to anyone.

#13 | Posted by Pegasus at 2018-12-22 12:49 PM | Reply

The current Chairman is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the United States Senate.
Chair of the Federal Reserve - Wikipedia
en.wikipedia.org

#14 | Posted by MSgt at 2018-12-22 01:26 PM | Reply

Ya wanted to vote democratic... well now you got it .... own up to it... don't blame the fed or donald... the market is reacting to the fact that democrats are willing to flush the country down the toilet...

just coz they don't like the prez...

Own it, baby... ya wanted it... your gonna get it all...and the looney left will give it to you... enjoy!

#8 | Posted by Pegasus

Yeah that's it. THe market was high because trump is good. The market is dropping because democrats are bad.

Got it.

#15 | Posted by SpeakSoftly at 2018-12-22 01:33 PM | Reply

*even thought the market has been flat since LONG before dems took congress. It's actually been flat since before trumps tax cuts for the rich. How do you blame that on dems?

#16 | Posted by SpeakSoftly at 2018-12-22 01:36 PM | Reply

*even thought the market has been flat since LONG before dems took congress. It's actually been flat since before trumps tax cuts for the rich. How do you blame that on dems?

While I could provide a long post... about the same as if you took the time to do YOUR OWN research under Google....

Well let me say that everyplace the Dems have a majority - business and the middle class have been running away...

Places like San Fran, Detroit, Chicago, Newark -businesses have been running out the door and leaving for more business friendly states run by Conservatives...

www.youtube.com

www.youtube.com

#17 | Posted by Pegasus at 2018-12-22 05:15 PM | Reply

"Well let me say that everyplace the Dems have a majority - business and the middle class have been running away..."

This doesn't explain the stock market decline.

Unless those businesses do worse in red states.

That would explain it.

#18 | Posted by snoofy at 2018-12-22 05:59 PM | Reply

Well let me say that everyplace the Dems have a majority - business and the middle class have been running away...

#17 | Posted by Pegasus

YOu mean businesses prefer to locate in places that will let them trash the environment? How shocking.

Those change are more about republican shortsightedness and irresponsibility than democrat faults.

#19 | Posted by SpeakSoftly at 2018-12-22 07:38 PM | Reply

hmm well I don't use voting patterns as a economic health indicator because it's to easy for the dead to come back to life and vote democratic... often more than once.

Polls don't work because the public often lies to the pollsters and if the results are not to the liking of the democrats that paid for it, the pollster corporation merely changes the results.

BUT... Mass migration is something different.

It's pretty traumatic for a family to lose or quit a job, pull their kids out of school, sell their house and move themselves and their belongings to another state. Buy a house and find a job.

Kinda shows the desperation of middle class families and businesses trying to get away from democratic party rule.

Soooo... if Democrats can't run a city or state... how can they be expected to run a nation?

#20 | Posted by Pegasus at 2018-12-23 02:53 PM | Reply

"Polls don't work because the public often lies to the pollsters..." - #20 | Posted by Pegasus at 2018-12-23 02:53 PM

National Polling Accurately Nails Popular Vote

In terms of predicting the national popular vote outcome, the national polls did remarkably well in 2016.

Oops.

When all else fails, lie.

"...how can they be expected to run a nation?"

'The Economy Does Better Under The Democrats'

[snip] ...By crucial metrics like GDP, job creation, business investment and avoiding recessions, the economy does a lot better with Democrats in the White House than with Republicans. Just one eye-opening example: Nine of the last 10 recessions have been under Republicans.

Oops, again.

Don't you ever get tired of being proven wrong all the time?

#21 | Posted by Hans at 2018-12-23 03:01 PM | Reply

Soooo... if Democrats can't run a city or state... how can they be expected to run a nation?

#20 | Posted by Pegasus

if Democrats can't run a city or state...california wouldn't be the 5th largest economy in the world.

You'd rather have bible thumpers from economically depressed red states set policy for the nations.

#22 | Posted by SpeakSoftly at 2018-12-23 05:42 PM | Reply

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