Trump was prophetic when he said this...

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  1. jackclee lm profile image81
    jackclee lmposted 3 months ago

    He said on Oct. 30, 2018 -
    If you want your stocks to go down, I suggest you vote Democrat...

    1. jackclee lm profile image81
      jackclee lmposted 3 months agoin reply to this
      1. jackclee lm profile image81
        jackclee lmposted 3 months agoin reply to this

        Here is today’s close of the DOW...it has dropped 3000 points since election day...

        https://hubstatic.com/14334738_f1024.jpg

        1. crankalicious profile image92
          crankaliciousposted 3 months agoin reply to this

          How do you like Trump now? How's your retirement doing?

          Do you think the stock market is Voodoo?

          Why did it go up consistently under Obama?

          What specific things did Democrats do to make the stock market go down? They aren't even in power yet, but you're blaming them. That's pretty amazing.

          The market likes predictability and Trump is leading one of the most unpredictable, unstable U.S. governments in our entire history. Nobody has any idea who will be in his cabinet two months from now and as the criminal charges pile up, things look increasingly difficult for him. It doesn't help that the Fed keeps raising interest rates, making it more expensive for regular people to borrow money.

          But do tell us all how the Democrats are at fault.

          You also realize that market instability during Dec/Jan is normal and that the stock market does not go up forever. Never has.

          1. jackclee lm profile image81
            jackclee lmposted 3 months agoin reply to this

            We get the government we deserve...
            The first year of Trump presidency, all was well and the country is full of optimism and the market as a leading indicator was up 20%...
            Now, since the election, all is doom and gloom and the Mueller investigation is not ending...so... the market is reacting to a pending Democrat controlled House headed by Speaker Pelosi. What is there to look forward to? Obstruction, and more deficit spending and no wall.

        2. crankalicious profile image92
          crankaliciousposted 3 months agoin reply to this

          A good article explaining Trump's effect on the economy:

          https://www.washingtonpost.com/news/pos … 4ad6070b24

    2. gmwilliams profile image83
      gmwilliamsposted 3 months agoin reply to this

      The Democratic Party is the party of losers, those who want lifetime handouts, those who are content with little or nothing, & those who are anti-success & anti-achievement.   The Democratic Party has devolved into the American Socialist-Communist Party.   It isn't the party of my parents or myself.

      1. jackclee lm profile image81
        jackclee lmposted 3 months agoin reply to this

        Right...and where is President Obama now? He was claiming credit for the Trump economy...that he started...

        1. crankalicious profile image92
          crankaliciousposted 3 months agoin reply to this

          Just like George W. Bush, Trump appears to be taking a thriving economy and driving the car into the ditch.

          If you know anything about how the budget works, the first year of the economy of an incoming President is all the work of the previous President. But I do like how you're trying to reverse that generally accepted fact and give Trump credit for the first year of his presidency and blame Obama for the second.

          Also, go look at the history of the stock market. Usually goes up more under Democrats than Republicans.

          https://www.forbes.com/sites/peterlazar … c6970a239d

          And notice the conclusion of the article - there's no conclusive evidence that political party has any effect on the stock market.

          1. jackclee lm profile image81
            jackclee lmposted 3 months agoin reply to this

            I never buy that argument. Policiies matters. Directly or indirectly, government policies affect the economy and the jobs and the taxes and interest rates... they are all interrelated.
            The reason we had such a weak recovery under Obama is due to the fact of over regulation and low or near zero interest rate and government spending..like a drunken sailor.
            Under Trump, things started to turn around with reduced regulation and tax reform and increasing interest rate and better energy policy like building the XL pipeline...
            All that is now in jeopardy with a Democratic controlled House.
            We will continue to have undocumented crossing our border and destroying our soverignty. Pat Buchanan wrote a boom many hears ago called “Death of the West” we are seeing it happen right in front of our eyes in Europe and now coming to America.

            1. crankalicious profile image92
              crankaliciousposted 3 months agoin reply to this

              Then why has the stock market gone up more under Democrats than Republicans?

              I get you don't buy the argument, but it's called science, you should check it out.

              1. jackclee lm profile image81
                jackclee lmposted 3 months agoin reply to this

                Then why do people vote Republican when Democrats are just so much smarter and better steward of our environment and the market? Don’t you see, they are two part of the same coin?

                1. crankalicious profile image92
                  crankaliciousposted 3 months agoin reply to this

                  I have given you a fact - the markets go up more under Democrats. My question is why.

                  You answered my question with another question.

                  1. jackclee lm profile image81
                    jackclee lmposted 3 months agoin reply to this

                    I don’t know why and I don’t think anyone else know either. The market is a gambling casino where people place their bets on companies...some do well others fail. However, I do know the system is rigged. The large investors and institutions and hedge funds do extremely well while the small investor generally does poorly. They have an advantage the small investor do not have. The government, which writes laws and oversea these operations like the SEC have not always looked out for the average guy. Case in point, when the housing and banking crisis occurred at the of end of the Bush Administration, not a single person went to jail. Meanwhile, we the American tax payer were asked to pay for billions of subsidies to bailout the big banks.. These people have gambled and lost and with the help of the government thru fannie mae created the housing bubble. These are the same people that goes in and out of government serving in both Democrat and Republican administrations and also on the board of Goldman Sachs...so why do you think?

          2. Live to Learn profile image81
            Live to Learnposted 3 months agoin reply to this

            I'd have to disagree, where the stock market is concerned, since it has such an emotional element. Jack Lee may actually have a point here, or not. Which is why I don't believe the average citizen can tie their wealth to it. It becomes a lack thereof without you having any control over it.

            Obama was a great man, in line with Jimmy Carter. Likeable, admirable in many ways, but his constant pandering and denigration of our country drug us down emotionally. As does today's Democratic party. It can easily takes its toll on the market.

  2. Readmikenow profile image95
    Readmikenowposted 3 months ago

    Jack, you need to put things in perspective.  You are forgetting a key element.  The Federal Reserve has hiked the interest rate 3 times in 2018 alone.  There is NO reason to hike the interest rate with such strong employment numbers.  Higher interest rates mean people sell more stocks, invest less in stocks and it has a negative effect on the stock market.  The history of those making the decisions at the federal reserve are individuals who really don't like Trump.  The Federal Reserve did almost NOTHING during the Obama administration.  This enabled stocks to soar.

    "Political Bias or Something Else?

    Is there any way to make a judgment on the political bias of the Federal Reserve?  The answer is – of course not.  But, the fact that the Federal Reserve failed to take any real, substantive action for almost seven years during the Obama administration might raise some eyebrows.  The economy was doing fine and on solid footing back in 2012 or 2014, both years the Federal Reserve could have been more prudent about managing interest rates.

    But, they failed to act back then.  And now they’re moving.  Hmm, is this funny or discouraging?"

    https://www.valuewalk.com/2018/05/feder … rget-rate/

    President Donald Trump has no control over the actions of the Federal Reserve.

    1. jackclee lm profile image81
      jackclee lmposted 3 months agoin reply to this

      Agree on your observation. I was one that have been crticizing the federal reserve for a long time. They have used their power to control the money supply and politicized it. You are absolutely correct. The interest rate should have been raised years ago under Obama. He got a free ride all these years with 0% rate. He used the credit card with the Bank of China and spent it to oblivion. Now, when we are faced with a huge debt service, the fed now raised the rate...
      Don’t get me wrong, I still suport the rate increase and we are not even close to norm. It should be around 4% when we are at an economic boom.

  3. Onusonus profile image77
    Onusonusposted 3 months ago

    Dems get control of the senate, stocks plummet. Yay socialism...
    https://i.imgflip.com/2m293b.jpg

 
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