2018's stock market gains wiped out/ stocks down 550 points today

Meh....you do not understand the market. It is not red or blue......its green

 

Only If you ignore the 20% market drop on the news of Obama's victory and similar size market growth on the news on Trump's presidency. Nice try, still fake news.

 

You keep saying the same **** over and over again. It's still wrong though.

 

You do not understand the market. It's quite funny

 

So do you lol. The market reacts to the news/ announcement of an event and the reaction is immediate, investors are not waiting months till all formalities are observed, they invest billions in order to decrease their response time by a microsecond and beat the competition.

 

Who cares what the market does in a single day?

 

People who don't know anything about how the stock market works.

 

Sure and during the Obama presidency. A total of 8 years. The market grew faster than it has so far during Trumps first two years. You can spin and spin as long as you want but you cant refute that fact. Investors did very well during Obama's presidency. We just lost the entire gain from 2018. I went from up nearly 50% to down about 4% in two months. Thanks Trump!

 

So, let me get this straight, in January 2018 the market anticipated that the Dems would take the house, thus starting a selloff, just after Trump's signature achievement, i.e. tax breaks were pushed through congress? Seriously? Yes, the markets are forward looking, but they don't have a crystal ball.

Second, the Dems holding the house gives them little power, they can not push through new legislation. for example tax increases. So, why would the market care if the Dems hold the house? In fact, the market usually likes split government. Why? because it hates uncertainty. And there is a lot of uncertainty with Trump at the helm.

 

I made a ton of money during the Obama years. Those who were not in the market then.missed out big time

 

Blame Obama!

 

DOW went up from 18,000 to 27,000 under Trump. I don't believe it was even remotely close under Obama... of course if you ignore 20% market drop on the news of Obama's election and similarly sized market rise on the news of Trump's victory, your mileage will differ.

Yes, the Dems won the House on anti-Trump, anti-American anti-business platform. The market reaction was indeed swift and merciless.

 

You just agreed with me.
They are for investors. They are not "savings" for the masses.

 

and those banks wouldn't had to have hedged if their loans weren't risky but because the government forced them to give out risky loans they were forced to do so to protect them selves it wasn't about screwing others but protecting themselves from bad government policies
the banks knew that a very large percentage of those sub prime loans were going to end up going into default so they were forced to hedge those risky loans to recoup some of what they knew they were going to lose

 

yes the market and every pollster out there predicted democrats would take over the house it was a sure bet
correct dems wont be able to pass any of their job and business killing agenda but Trump won't also be able to pass any of his job creation and business growth agenda either and the market is reacting to that

 

saving and investing are virtually the same
how do you think you gain interest on a simple savings account at a bank?
that money that you put in that savings account is invested in the form of loans to others

 

How was the market stagnant for years when it doubled and almost tripled under Oblama? The market is doing what it normally does with a Bear market, sells...

 

Since the market is so heavily reliant on government spending that is why no curtailing of the deficit except during Oblama and that caused the GDP to go negative.

 

but those market gains weren't American business growth on American soil but growth abroad Obamas agenda was great for other countries economies forcing American business abroad because of America being so business unfriendly

look at the business that thrived under Obama they were all global businesses building factories and shipping production to other countries creating jobs and growth there not here

proven by stock market gains but very little to no gains in our GDP so that business growth wasn't reflected in our countries GDP but some other countries
Trumps stock market gain and higher GDP than Obama is a reflection of business growth on American soil

 

You mean professional gamblers...My old man was one for around thirty years and made a lot of dough, but he won't admit how much he lost.

 

The investments by foreign companies and countries in the US under Oblama did increase. It was US business that was holding back on that black Muslim bastard with a tranny wife! Ahem...

 

so I suppose you stuff your mattress or burry your savings in the back yard

 

I buy land..raw dirty riddled with varmints...

 

a business is in business to make money the market doesn't give a dam if the one in charge is green and worships cheese it is its policies and agenda that the market reacts to
and because Obama had dismal GDP growth proves the money to be made wasn't on American soil but elsewhere a reaction to Obamas business unfriendly policies and agenda

 

Its not really all that significant in the grand scheme, except for the fact that at this late date in the year, it seems the drop was sufficient to wipe out all of the market's YTD gains.

The trend is what is significant and trade wars ain't healthy and neither is a social media "crisis of confidence". Inflation has eroded any wage gains and crops are rotting in the fields.