Dow falls 300 points as Trump worries escalate

[Lenonis]

ssshhh facts don't matter when bashing Trump

There are plenty of people who acknowledged that Trump would have a positive effect on the stock market due to his pro-rich, pro-business policies.

And, in fact, it's the eroding belief that Trump will enact those policies that are causing the stock market to drop.

Using the stock market as an indicator of much of anything when it comes to the president I never really understood. Well, other than as a measure of speculation I suppose.

[Felya]

ssshhh facts don't matter when bashing Trump

What's with the 'ssshhh'? Why not try quoting someone saying the contrary?

[Themius]

Fuck the business people and their stock market. Even if the whole thing crashed it wouldn't affect me much.

Lol you want me to be sorry for holding stocks?

"You hold stocks? FUCK YOU DUDE!" What type of attitude is that?

[FlatBootyJudy]

There are plenty of people who acknowledged that Trump would have a positive effect on the stock market due to his pro-rich, pro-business policies.

And, in fact, it's the eroding belief that Trump will enact those policies that are causing the stock market to drop.

Using the stock market as an indicator of much of anything when it comes to the president I never really understood. Well, other than as a measure of speculation I suppose.

I agree, there are many factors in what drives the market.

[Jeezy911]

ssshhh facts don't matter when bashing Trump

Lets not forget bitcoin too . God it's been a good year for investments. Thanks Trump.

[Low Hanging Fruit]

Remember the golden rule. Trumps policies made all the good stuff happen. Bad stuff happened under his policy? Obama. Clearly Obama.

[Zomis]

Remember the golden rule. Trumps policies made all the good stuff happen. Bad stuff happened under his policy? Obama. Clearly Obama.

What I have read on these forums is that all good stuff that has happen is because of Obama's economy and all the bad stuff is because of Trump.

[Jimmy Woods]

#FakeNews

This one you have to blame the over-sensitive media for trying to make a story out of nothing. The only thing is, I remember right-wing media doing the EXACT same BS for Obama. There's a clip somewhere of O'Reilly using the stock market down whatever % in Obama's first week in office as Obama and socialism being a failure.

FUN FACTS:
Under Obama:
-------Jan 20/09--->May18----
S&P 500 - 805.22 - 909.71 up 12.98%
Dow - 7949.09 - 8504 up 6.98%
Nasdaq 1440.86 - 1732.36 up 20.23%

Under Trump:
------Jan 20/17--->May18---
S&P 500 - 2263.69 - 2365.72 up 4.5%
Dow - 19732.4 - 20663.02 up 4.7%
Nasdaq 5540.08 - 6055.13 up 9.3%

The stock market was doing better under Obama then Trump. In fact take out the banking sector and big tech the US economy isn't looking to shit hot right now. But I'm sure growing value in the tech sector will be comfort to all those economically anxious Trump supporters in Ohio, Pennsylvania, Wisconsin and Michigan.

[Gestopft]

What I have read on these forums is that all good stuff that has happen is because of Obama's economy and all the bad stuff is because of Trump.

In this specific case, it's actually sort of accurate. Trump has a) only been in office for a few months and b) hasn't passed any legislation with significant economic consequences, so Obama is mostly responsible for the current economy- in the limited sense that a president has control over the economy.

As to the drop that this thread is about, the prevailing wisdom is that investors- excited when Trump was elected about the prospect of deregulation (including tearing apart Dodd-Frank) and tax cuts- are starting to get skeptical that the agenda is going to get passed as they had expected.

There are also the fundamental problems underlying our economy which go across multiple administrations and aren't being addressed.

[Low Hanging Fruit]

What I have read on these forums is that all good stuff that has happen is because of Obama's economy and all the bad stuff is because of Trump.

I didn't mean for it to go this way. But..

Baited..

[Mafic]

Its May go away month.

This is a non issue.

Call me when the Dow struggles heading into September. Any smart investor knows that May is often where you don't put too much into stock of how the markets are reacting.

[Cthulhu 2020]

It was slow growth, something our investors will always find ways to do, but growth none-the-less. I don't think you can argue against the fact, however, that we've had quite a boom since Trump became President. Far outpacing anything under Obama. It goes to the point that many have said, that the regulations brought under obama were holding back growth that wanted to happen. He didn't create the slow growth, he slowed the growth we naturally have over time. In the same fashion, I don't believe Trump is creating growth. He's simply freeing the growth that our economy wants to make.

You can think that, but it doesn't make it true. Growth was slow during the first 4 years because of the recession, then began picking up speed considerably quickly. Looking at trend lines, it's very clear that the continued strong growth during the first part of 2018 is just a continuing trend. Trump hasn't even been in office long enough to implement any economic policy. And notice I say implement. He's "passed" a few EO's that are very vague and do jack shit, but nothing as of yet has even to be passed. The deregulations being tossed around are just that. They're not implemented yet, so Trump's deregulation PLANS (yes, plans) have nothing to do with the current economic growth.

The jump in the market when he was elected was due to hopeful projection by marketeers, and this slump is due to that hopeful projection being shattered because of Trump's continued incompetency and hemorrhaging scandals.

I've been saying it for a very long time now, but just look at the market and the deficit/debt during the first 2 years of every presidency, then look at the subsequent 6 years. The first 2 years follow the trend of the previous president's success or failure. Bush rode the coat tails of the Clinton economy for 2 years while every conservative sung his praises, then things began to turn around, til they hit full critical mass. The economy was already starting to turn down when the housing bubble popped. If there had been no housing bubble pop, the economy was still starting to turn down during Bush's final 6 years.

Then look at Obama, first 2 years of his presidency marred by bad economy and high deficit/debt. Then the later 6 years there's a turn around and improvement.

Want to see the TRUE effects of TRUMP? Look to 2018.

[Independent voter]

Time to buy some stocks in the DOW. The DOW gained 55 points yesterday.

NASDAQ and S&P 500 didn't fall at all.

[Cthulhu 2020]

Also remember that the DOW, NASDAQ, and the rest of wallstreet is by no means a measure of how well off Americans are doing, it's a measure of how well corporate America is doing. It used to be a good indicator, as much of Americans used to own significant numbers of stocks, but conservatives have been happy to deregulate and cut taxes while hurting the little guy. Not only is politics all just sports to them, but the economy as well. As long as "their team" is winning and the numbers on the boards are high, it doesn't matter if they're living like pigs in their own shit. How they FEEL their situation is is all that matters.

Only a very tiny percentage of people own any kind of significant stocks outside of their retirement fund. Significant meaning they're serious investors, not 4chan day-traders who own $50k in stocks and think it's a lot.

[Allybeboba]

Time to buy some stocks in the DOW. The DOW gained 55 points yesterday.

NASDAQ and S&P 500 didn't fall at all.

It won't matter to the haters.

[Lenonis]

It won't matter to the haters.

You sure are right there. People with Obama Derangement Syndrome still don't acknowledge the market recovery under Obama.

[Deleted]

Linking the dow jones index to politicians is a real problem, as you cant really say _why_ the indicies drop or raise.

You only get an impression if you are able to find a causality, which is quite hard.