Stock market down for second day.

Thanks Trump...who was quick to blame Obama for the collapse. What a putz. My stock portfolio took a 12% hit. It's possible this could turn into a correction. I hope it won't be another recession.


https://www.cbsnews.com/news/stock-...-on-trade-war-interest-rate-fears-2018-10-11/
U.S. stocks are poised for a second day of sharp declines amid investor fears that higher interest rates will dent company earnings and a trade war will crimp global business.

Dow futures are off by around 140 points, or 0.5 percent, at 8:20 a.m. E.T., indicating the market will sink at the start of trading at 9:30 a.m. E.T., while S&P 500 futures also indicate shares will decline.

 

Compare these two reactions from Trump:

February 2018
https://www.usatoday.com/story/news...18/02/05/trump-stock-market-credit/308627002/
President Trump often takes credit for a rising stock market, but will he shoulder the blame when it takes a dive?....The president has not hesitated to imply his policies are driving the bull market and the growing economy. In his State of the Union address last week, Trump touted Wall Street's success early in his speech.


October 2018
https://thehill.com/policy/finance/410910-trump-blames-loco-fed-for-stock-market-slide
President Trump late Wednesday blamed the Federal Reserve for triggering a steep stock sell-off earlier in the day, saying the central bank “is going wild” with a “ridiculous” series of interest rate hikes.

Calling into Fox News late Wednesday night, Trump said the Fed “is going loco” and blamed the central bank for causing U.S. stocks to suffer their worst day since February.





The answer to the question in the February article is no, President Trump never takes the blame for anything. Hence why I think he's both a lousy leader and a Beta male.

 

Up 38 at the moment.

Smart people know to bank profits and get ready for the next opportunity.

 

The Market goes up and the Market goes down. If you can't handle the bumpy ride don't get in. Those who understand the history of the Market just ride along with a smile.

 

It's really hard to respond to kneejerk threads except to assume the creator may be a teenager and has no idea of what traditionally occurs in the month of October especially in election years.
If he/she/alphabet is really pushing for continued investment success he/she/alphabet should hope the Republicans keep the house and increase their presence in the Senate.

 

Smart people don't claim they made the stock market go up ...…..and then blame something else when it doesn't....oh, but we are talking about Two-Year-Old-Brain Trump.

 

Well if anything, you proved Oceans post

Well done!

 

Gee, Max. Didn't see any objections from you about the steady increases. You took a 12% hit? I had a 4.4%. You may have invested in the wrong stocks. I've been gaining steadily through the recent run of negative DOW. Not a lot, but a grand or two a day. Yesterday's hit sets me back about 3 weeks in gains. If you have invested for a long time, perhaps you have heard the phrase "Stairs up... elevator down".

That's the daily thing, but recessions offer another way to play. Actually, another recession like the last one would be a huge windfall. At least, for those who play it right. I did very, very well in it; but I also learned, and if it happened again, I could do 5X better.

Whatever you lost- you had gained because of the Trump market, and I'd bet you only lost a fraction of that. The market is moved not so much on value, but on emotions- excess fears, overconfidence. We have all these people going around like lunatics today, and emotions are high. Chicken Little (The sky is falling!) is always ranting on the MSM, the streets, etc- even when the market and economy is soaring. If we get another recession opportunity, those people will be the ones to thank, for making the public mood so unstable.

This morning, the DOW is up 35. If this were the start of a correction, it probably would be sinking instead of stabilizing.

Very important to realize how much the emotions of people control the market. While the value of a company and record of it's stocks matter, the public mood matters more- and affects all the stocks without logic or discrimination. Read Graham's "Intelligent Investor", and particularly note the reference to "Mr Market".

 

So you're suggesting Obama did nothing.

 

Tell me- What's then last time you heard a president say- Oh, sorry, My bad".
And if he did... what would the opposition turn that into.. a nuclear event?
Everyone (except you) makes mistakes, Max. It's not necessary to make a public issue of real ones, there is already a truck load of fake ones dumping everyday.

The long term results in the market come from leadership and constructive economic policy that give people confidence in the future.
The daily and short term results come from the emotional swings of people. Those emotional swings usually have a trigger- some of which are pure fantasy, other have at least some foundation, including the Fed raising the interest rates or a tariff story. Or, some jackass wailing about how the president is a putz, a lousy leader and the only reason they aren't rich, which they certainly would be by now if only Hillary had won....

 

Vote Republican. Give Trump more power to put China down in its place on the economic field of competition. America First.

MAGA

 

I didn't "suggest" anything , I posted :
FoxHastings said: ↑
Smart people don't claim they made the stock market go up ...…..and then blame something else when it doesn't....oh, but we are talking about Two-Year-Old-Brain Trump.

 

Many folks are using this as an excuse to buy, for the long term. Are you?

 

Obama took credit for the stock market going up. And blamed others when it didn't go up as much.

2+2=4. You're suggesting Obama did nothing.

 

The market have had a great run up, and sell off is bound to happen. It's holiday season, and daddy need some cash to buy mommy that new shiny car

If you think you have it bad, just think what Bezos and Zuckerberg "lost." Just on paper anyway.....

 

You can't afford not to be in the market. Even if you're small money like me.

 

That's your fault

 

Why does the far right always go for the personal attack instead of simply staying on topic?

 

I'm going bargain hunting. I will try to avoid the herd who are propping up the activist plays though. Starbucks, PnG not for me, at least today.

 

Agreed. IMO, it's legalized gambling. Most of my money is in a managed 401k, but the hit I took was on some regular stocks. USAA is showing me slightly up for a total current down of 11.74%

 

So buy more, and ride the stock as it goes back up....

 

So did Clinton with many Democrats clamoring how great he was.

IMO, Presidents have only a minor influence on the economy. GHW Bush was correct when he said the economy was recovering after the Gulf War recession and Bush II took a lot of unfair hits for the housing and banking issues that had been decades in the making...with bipartisan fingers in the pie.

I don't blame Trump for the downturn but I don't give him credit for the upturn either. The consequences of the policies set by the him and Congress will take several years to bear fruit or not.

 

I usually do. I rode the recession hard to great profits which is one of the reasons I'm going to retire a little early.

 

A billion here, a billion there and pretty soon you're talking real money!

 

If I watched the stock market daily I'd lose my mind. It's nothing but a long term play. And that long term play is a good one.