Wishing stock market down due to Trump?

[ksoze]

As much as I despise Trump and do not credit him with anything positive, I do not get the cheering the stock plunges. I can survive Trump, but not a tanked 401K. His future success is no longer tied to the stock gains - there is enough stuff to sink him. A tanked economy won't get rid of him any faster.

[still_one]

1. Most of the stock market fall is due to the uncertainty generated by the trump administration

through his trade war, government shut down, and other policies

[Hoyt]

3. I agree, there are better things to attack him on. The Market could just as easily be up several

thousand points come 2020. Employment could still be good with wages finally increasing, although slowly. People who vote for trump aren't going to give Obama any credit for the economy, or blame trump. Hell, they'll likely think putting off the wall tanked the economy.

There's so much more to go after him on -- healthcare, incompetence, world view of USA, racism, . . . . . .

[Caliman73]

8. People who vote for Trump....

Will also not care one lick about Trump's seeming incompetence. They blame that on the "harassment" he is getting from the Democrats (even though they are not in power at all yet). They are racist so attacking Trump for being racist is an attack on the average Trump supporter. Trump supporters also give less than one drop of spit for the way the "world views the USA". They are the epitome of "the ugly American. They are proud to be hated by the world because that means that Trump is putting "America First".

I agree with the OP that we should not be celebrating the stock market tanking. We should however, be pointing out that Trump's erratic behavior is making investors nervous and causing the volatility in the markets, that his ego driven trade wars are creating problems for everyone.

I mean I for one will actually feel good if Trump and his family are jailed and/or financially ruined. That is an emotion that I do not think that I will be able to avoid. When Trump supporters suffer the consequences for his policies that they supported, I do feel a sense of vindication. We should however try to never celebrate the pain of others, even when it is tempting to say, "I told you so", especially for something like the market or the loss of jobs. It is a hard line to walk.

[Hoyt]

9. Probably true. As long as trump is spreads racism and hatred, his base is solid.

[WeekiWater]

28. There are few things better to "attack him on".

The phrase "it's the economy, stupid" is the real deal. Your wording literally conjures thoughts of a hands off attitude. What is happening should be front and center. It's directly related to the tax scam, tariffs, and Republican policy. This is one of the best things to come at him on.

[Hoyt]

32. Something tells me that people who might lean to trump will never understand/accept any of that.

That's the problem, it's too complicated for the typical ignorant white winger. Tariffs to them are just another wall around America.

Otherwise, it's preaching to the choir, who already despise trump.

[manor321]

4. Honestly I wish it would remain stalble

I'm not cheering it going down. But at this point dramatic increases bring us closer to fascism. The press can't wait to declare Trump a King if the stock market goes up.

[onenote]

7. Really? The market went up like gangbusters in 2017 and the first half of 2018

And I don't recall the press declaring him a King.

Attacks on the press from the left are no more seemly than Trump's attacks on the press from the right.

[gratuitous]

5. You and I have absolutely no influence on the stock market

Noticing that the markets are plunging is "cheered" only as far as maybe some of the self-absorbed dumbasses who think Trump is the greatest president ever might take notice that he has run the economy off a cliff, just like he has with all those other, less important issues. Like immigration. And foreign policy. And infrastructure. And tax reform. And . . . Well, you get the idea.

Anything where Trump shows the least bit of competence becomes the centerpiece for that administration's bragging itself up (e.g., nominating unqualified Supreme Court justices and getting them confirmed by a pliant Senate).

[MichMan]

12. Most of what we do here has no influence on what occurs

My thoughts on someone who is hit by a bus, loses a job or a loved one, or has serious medical issues of their own, also have no influence on the outcome.

Feeling empathy for others and not gloating over their misfortunes, through no fault of their own, is just basic human decency.

[gratuitous]

17. I think you're missing the point

Noticing that the stock market is tanking doesn't affect the market or anyone invested in it. Yeah, a lot of people are negatively impacted when the marked goes down. Nobody "gloating" over that just by noticing that the market is going down. In this instance, knowledgeable economists (which lets me out, and maybe you, too) connect the market's recent nosedive directly to the actions and statements of the White House, its infernal occupant, and the short-sighted policies enacted by the Republican Congress. These are the people generally lionized as economic geniuses in the media.

It's not gloating to hope that the media, at the very least, begin to catch on that Republicans aren't what they've been cracked up to be. Certainly the Republicans themselves haven't caught on that their supply side gospel is instead a recipe for disaster, not prosperity.

[Turbineguy]

6. It's an old tradition around here.

I assume it's practiced by those who are too young to worry about being able to retire.

Or those who plan to show up at their kids doorstep with a "I brought my lava lamp!"

[MichMan]

11. I find it quite disgusting and it angers me

I think some people are so excited to stick it to Trump and the 1% that they don't give a damn about how many ordinary people that are also affected. Probably see it as collateral damage and nothing to concern themselves over.

I also imagine there is some element that hasn't been able to save for their own retirement and take some amount of joy when others lose what they have saved. They must have been ecstatic in 2008-9.

[PoindexterOglethorpe]

10. Did you notice that it closed up a bit over a thousand points today?

I'm frequently annoyed by the cheering here that happens with every downturn in the market, as if none of them have a 401k, or even a small pension of some kind that depends on market returns.

[Yosemito]

13. Name one member wishing such thing

Thanks.
Rule: do not "ascribe ugly ulterior motives to, or make baseless claims about any member of this community."

[Demovictory9]

15. plus 1

[egduj]

19. Another rule:

"Do not... negatively call out.. any member of this community..."

[Kaleva]

21. " I do like that"

A comment in one thread discussing the recent drop in the stock market. Can't post a link to the post as that could be construed as an attack on a member but there are several threads about the recent downturn in the stock market and some here seemed to be quite happy about it. I don't care myself if it plunged. Can't say I'd be happy about it but I certainly wouldn't care. Nor would I care if the stock market does well either.

[A HERETIC I AM]

38. I can name several, that have over the years, REPEATEDLY posted that sentiment

There have been and continue to be members of this board who seem to think that the only direction the stock market should go is DOWN.

And no, I'm not going to say so in a post, but I have seen it and I have a couple threads bookmarked to prove it.

[ck4829]

39. Well I do, but that's only because people see stocks as a measure of success

When I wasn't doing well at all when they were supposedly so great.

[Demovictory9]

14. nope. i want to see tremendous economic gains no matter who is in WH

[oberliner]

16. It's very strange

I share your sentiments on this subject.

[brooklynite]

18. The joy over a market drop around here precedes Trump...

Because, of course, only rich people are in the market, so they deserve what they get

[dpibel]

34. Well, there is this...

"Indeed, nearly all of the stock ownership in the U.S. is concentrated among the richest. According to Wolff's data, the top 20 percent of Americans owned 92 percent of the stocks in 2013.

"Put another way: Eighty percent of Americans together owned just 8 percent of all stocks."

https://www.npr.org/2017/03/01/517975766/while-trump-touts-stock-market-many-americans-left-out-of-the-conversation

[OilemFirchen]

20. I feel better when a vastly overbought market corrects itself.

Last edited Thu Dec 27, 2018, 11:35 AM - Edit history (1)

A stable market is much better for investors than an artificially inflated one. This one, BTW, does belong to this president, as a result of his ill-conceived billionaire tax break. That resulted in massive stock buybacks, sending the market to an unsustainable level while increasing corporate debt.

[Baltimike]

22. *Nope*. nt

[roamer65]

23. Buy low, sell high.

I want a big crash so I can buy cheap!

That’s capitalism.

[LanternWaste]

24. Self-righteousness won't get rid of him any faster, either.

"I do not get the cheering the stock plunges..."
I see very little of that. So little in fact, as to be a non-issue.

There is however, just over seven metric shit-tons of self-righteousness being evenly spread regarding how we should act, react, and not cheer a thing no one is in fact, cheering.

[MineralMan]

25. Posting about a falling stock market index is not gloating.

It is simply making the news available. Nothing written on DU affects the stock market. It is what it is.

News is news, and is always valuable for posting on DU.

[SWBTATTReg]

26. The gloating I think results from the fact that rump has tried to claim gains in the markets as...

belonging to him and his administration's actions, which of course is far from being correct.

Corrections (downturns in the markets) has been generally expected being that we've had over 10 years of positive market gains. There are some market headwinds such as corporate debt, the federal debt, etc., but these haven't seem to take root yet. Some catalyst will take hold and before you know it, the markets will drop and continue to drop until it stabilizes. Emotions, not logic often times plays a big role in these moves, and your best bet is to be mostly in something else, with little exposure to the markets, and wait your time to move in promptly, to buy reasonably priced assets/shares.

[edhopper]

27. I feel that at least 10% of Trump's approval is due to

the economy continuing Obama's rebound.

If the Economy sinks we could see Trump in the high 20% by 2020.

That could lead to a Dem sweep in November.

Just observing here.

Also unlike other stock declines, the POtuS is largely responsible for this one.

[WeekiWater]

29. I don't wish it down.

That doesn't matter. What is happening should be highlighted every single minuted and tied around Republicans necks.

[Yo_Mama_Been_Loggin]

30. I'm definitely not cheering

My retirement accounts have lost over $80,000 in value this year. If anything I'm baffled at the idiots who still support Trump.

[Johonny]

31. Most 401K allow you to move to money markets and other safe investments

The closer to retirement, or in actual retirement the more safe harbor investments you should have. If you're retired and still all in stocks with your 401K then that's your problem. Talking to an investment advisor to adjust your portfolio is my suggestion.

[ooky]

33. Excellent advice

[ExciteBike66]

35. While I don't "wish" for the market to tank,

1.) I expect a recession to happen in the near future, like most investors now. A recession happens periodically and is completely normal.

2.) Trump seems to think he has control over the markets, and if a recession is inevitable, then I would *LOVE* seeing the market fall when he is in charge.

[TomCADem]

36. No. Fox News will just blame Hillary

Doesn’t really matter.

[ck4829]

37. I cheer them on, I was going to bed hungry when the Dow was at it's highest

I was told in no uncertain terms that there is nothing wrong with the economy at all because Dow is soooo high in the same season I was going to bed hungry and cutting back.

It's not even about Trump for me, it's secondary.