Market takes a dive. It was down 625 a minute ago.

[louis-t]

Now just under 600 down. As a client of mine says, " Every time that asshole opens his mouth, it costs us $175,000." He is a hedge fund manager.

[greymattermom]

1. And Trump tweets

can't affect the yield curve.

[Webhead]

4. Inversion of Treasuries is being reported today by Reuters

Hi everybody. My first post.

2-year Treasury yields have risen above 10-year Treasuries. This inversion suggests a greater risk of recession.

[littlemissmartypants]

5. Welcome to DU, Webhead. nt

[lunasun]

10. Yep that's the panic and not a good sign

[Laura PourMeADrink]

11. Why? Short term less risk because things iffy?

In layman's terms please

Welcome to DU

[Hortensis]

16. Hi, Webhead. Thanks for the info and welcome.

[kimbutgar]

2. A lot of hedge fund managers voted for him!

I used to work for a hedge fund manager who I suspect is a fat donnie supporter because he was a nasty racist person back in 2012. And hated President Obama with a passion. I hope he’s getting hurt by the fat donnie stock market .

[Ilsa]

3. i was just saying my investment manager

said he wished MF45 would shut up.

[ProudMNDemocrat]

6. Down 644 points now.

If the Dow finishes more than 700 points down at the end of trading, forget those end of the year bonuses, my friends.

The Dow barely broke even for trading yesterday to offset the losses on Monday.

[ScratchCat]

7. This is why The Mooch has turned

The finance guys sent him out there last week to make those comments as a warning that they are about "done" supporting him. Hence the comment about Trump "turning on America".

[spinbaby]

8. I took my IRA out of stocks

Too unstable. My money manager agreed, citing “headline risk.”

[Laura PourMeADrink]

12. Me too! Early last year. Been in bonds. No crazy

earnings just steady growth. I didn't want to go through the instability with dingbat at the helm. Kind of like a stress free alternative. Lol

[Takket]

9. He'll blame Obama

Ask why the fake news media didn’t cover Obama’s Dow drops.

[Laura PourMeADrink]

13. Interesting chart in stock growth by President

Not that facts matter one iota.

https://www.cnn.com/interactive/2019/business/stock-market-by-president/index.html

[Johnny2X2X]

14. Trump is flat out melting down on Twitter

Just losing his shit.

Trump, "Money is pouring into the US, people are looking for safety."

https://www.dw.com/en/foreign-investment-in-us-down-sharply/a-44643998

Foreign direct investment is down an astounding 32% into the US. People are taking their money elsewhere you orange dimwit.

[Lucid Dreamer]

15. One day doesn't mean much.

Last edited Wed Aug 14, 2019, 03:20 PM - Edit history (1)

The bottom feeders will be buying tomorrow... then selling next week.

If you just woke up from your New Year's hangover, you'd be saying, "Holy crap, The Dow is up 2200!"
Thinking one day at a time is infantile.

--Edited to reflect Johnny's correction

[Johnny2X2X]

17. More than 1 day

First of all, the DOW is up 2200 points this year, not 4000, that's about 9% after falling 6% in 2018.

And the freak out is based on a run of bad economic news that makes a recession appear likely and a slow down certain.

The market has stunk since the day Trump's tax rates went into effect. 3% gain over those 20 months.

[Gothmog]

18. trump is killing the Obama recovery/economy

Link to tweet

Link to tweet

Link to tweet

[Gothmog]

19. Here is a great comparison of stock market performance under each POTUS

Link to tweet