Dow opens -500+ n/t

[malaise]

Now -546.73

[Iliyah]

1. Well the very rich seem unconcerned . . . .

The Dow has not trickled down to us for the long time. Cost of living is skyrocketing.

[Amimnoch]

5. It affects many more than they think it does.

Almost everyone who has a 401K retirement plan is affected by these fluctuations. The longer and more they've put into it, the more their retirement plan is affected.

Pretty much everyone working for a company that is more than a small, 1 store/office operation unit may likely be affected. The market downturns/crashes, and people start losing jobs.

Personally, I saw the writing on this wall when I saw Cheetolini's tax plan pass.

2017 was almost over with.
2018 would be the first year hit.
2019 is when 2018's filings would occur, and the hits to the markets would start.
February 1st, I transferred all of my vanguard and index invested funds over to the US bond index for slow growth with stability to minimize my losses when the market crashes.

[MoonRiver]

2. Probably has to do with Idiot's comments about China before the open. Moron.

[Johnny2X2X]

3. Market is up a mere 2.6% since Trump's tax rates took effect

Terrible for investors since the Trump tax rates went into effect on January 1st, 2018.

Also, if Dems were as ruthless as Reps, they'd already have been on the phone with China promising them a better deal if they keep the Trade War going through the election.

[TheRealNorth]

4. Future Republican conspiracy theory right there

I can see Faux News blaring the headline "Democrats caused the Trade War"

[Johnny2X2X]

6. I'm not sure that I think Dems shouldn't do it

China might already be thinking that anyways, Trump is too erratic to deal with, the Chinese have a business culture that is not receptive to Trump's tactics, they make deals only with those they trust. A small overture from Biden about him being better able to deal with China because he's more mature and less erratic might do the trick. Something like, "The Chinese don't want to deal with Trump because he's crazy, I would sit down with them and develop a strong relationship that they coulld rely on."