CNBCs Jim Cramer just now: Nunes/Trump efforts to fire Mueller helped cause this sell-off

[NewsCenter28]

Wow! He just said the markets are spooked! And today’s drop, was in part, due to fears of another Saturday Night Massacre!

[lapfog_1]

1. more direct cause is the result of the republican tax cut

and the announcement by the treasury of needing to borrow $1T this year

[dalton99a]

3. +1

[Wwcd]

8. More likely, THIS.

Treasury borrowing 1 trillion could set off a cautionary selloff.

[NewsCenter28]

9. Yes, who does a tax cut in an economys late cycle

We now have an exploding debt and no methods available other than QE to save us once the Trump recession truly starts. But my point stands, the tax cuts are included in this, that Trumps actions may be about to start a stock market crash.

[Wwcd]

11. I can't recall where I read this exact theory & warning.

"Trumps actions may be about to start a stock market crash."

Some responders thought it was ridiculous panic hype.
Wonder how they feel today?. .

We need to watch tomorrow. It will be the 3rd day of this.
Something triggered the mass selloff today, between noon & 3 pm.

[Motley13]

2. he is the last person I would listen to, he encouraged people to buy

when the market tanked
He knows zero

[BigmanPigman]

16. You said it!

He's not very reliable.

[uponit7771]

19. +1

[nocalflea]

4. I'm cynical as hell when it comes to the market.

Us instability or Pump and Dump programming on Friday ? In come the lemmings on Monday ?

[NewsCenter28]

7. If the markets have concluded Trump is insane

That would cause them to fear political instability and him, which would lead them to want to reduce their exposure.

[nocalflea]

14. Trump has been acting "insane" for over a year.

Money launderers love pump and dumps.

Coincide another Trump outrage with a small run (Friday) who would be the wiser ?

Blame it on Trump and/or the ballooning defict etc.

But even the cynic in me recognizes it's probably an "adjustment" and jitters.

[Quemado]

5. Cramer is a buffoon

according to Dr. Doom (Nouriel Roubini): https://nypost.com/2009/04/08/cramer-a-buffoon/

[Wwcd]

6. I heard Cramer allude to that earlier & the next segment had a

Guy actually saying Cramer was basically wrong!

No One tells Jim Cramer he is wrong on a day like this one.

It appeared the guy was attempting to calm a panic.
Probably that guy from the NYSE

[marybourg]

10. Well, tRump's election itself certainly caused me to lower the amount of equity I felt

I could sleep at night with, and to sell the remainder and all profits above that amount this past 15 months. I didn't have to sell anything today, because I'd been doing it since he won the election. So I can certainly believe that his behavior is making other shareholders nervous.

[Wwcd]

13. Its the unpredictability of his extreme statements.

After a year of it, people are fearful

[stewrat]

12. markets hate uncertainty

What the market hates most is uncertainty and what is causing this uncertainty is the threat of Trump using that the Nunes memo to fire Rosenstein & Mueller and set off a constitutional crisis. That kind of political turmoil will freak out the market. Of course, there's the real threat of inflation and interest rates rising too.

[C_U_L8R]

15. To be clear... they are spooked by Trump

There are unsteady hands at the helm. Anyone with eyes can see Trump has no idea what he's doing.

[Honeycombe8]

17. Trump dump, as investors dump their stocks. nt

[Horizens]

18. Excellent Meme

The nunes/trump efforts re Mueller are a minor factor in the self off. Other factors already noted are the major cause. HOWEVER, Attributing the sell off to nunes/trump is an excellent meme. With enough exposure, it could reduce the likelihood of trump firing Rosenstein or anyone else.