The Dow dives another 400 points

2 thoughts on “The Dow dives another 400 points”

1. The stock market crash isn’t entirely Trump’s fault. I think part of the market gains over the last 8+ years was a result of interest rates being so low (as a result of the Fed’s policies) that the stock market was the only place investors could put their money with any hope of a return. As the Fed has been increasing rates people have had places other than the stock market to put their money. But interest rates aren’t that high and that only explains a small part of the drop. Trump deserves the lion’s share of the blame for the horrendous losses in the last few months and especially for the last few weeks. Trump is proud to be a tariff man and happy to take credit for the government shut down. I for once find myself in complete agreement with Nature Mom. The market’s hate uncertainty.

   I am retired on disability and will turn 51 on News Years day. I am hopeful that the stock market will eventually rebound. If so I might be able to afford to live into my 60’s. If it keeps going the way it’s going I might be able to make it to 52. I really hate Trump.

2. After Thursday’s drop, I almost wrote to point out that for once something bad was happening and it isn’t Trump’s fault. Markets fluctuate, that’s the price we pay for not being a Soviet-style planned economy (worth it). Nominally this is Powell’s problem more than the president’s. But even the Fed chair is more like a weatherman than a QB. He can warn people when the shit is coming down, he can make some tweaks here and there, but he’s not really driving it.
   But whatever else, markets hate uncertainty. When our stupid baby pres holds his breath in a bid to piss away good money on his useless wall and Congress doesn’t check him, smart people take it as a sign that there is no hand on the tiller. They have to react accordingly.

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