The Trump Honeymoon Is Over: Markets Are Now Scared His Promises Wont Come True

[riversedge]

Source: cnbc




Mar 21 2017, 3:09 pm ET


by Patti Domm, CNBC

For the first time since the election, markets are doubting they will get the pro-growth policies of tax reform and stimulus promised by President Donald Trump and the Republican Congress.

The repeal of Obamacare appears to have hit some snags and the GOP brought out Trump earlier Tuesday to serve as pitchman to House Republicans who may have been wavering ahead of Thursday's vote. Whether he won votes or not is unclear, but markets certainly took the lack of clear majority support as a negative.7

The stock market sold off sharply all day Tuesday, with many market leaders of the Trump trade lagging. The Dow was down as much as 200 points, with investors snapping up bonds as fast as they could sell stocks.

The Dow is up 13 percent since Election Day, but some analysts say the market has been ignoring how the stimulus and tax reform promised by Trump would be paid for.

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Read more: http://www.nbcnews.com/business/economy/trump-honeymoon-over-markets-are-now-scared-his-promises-won-n736586

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There is a video at the link,---Ryan sounds like a little Baghdad Bob wanna be!!





[Ryan: Trump 'Knocked the Ball Out of the Park' With Capitol Visit]
Ryan: Trump 'Knocked the Ball Out of the Park' With Capitol Visit 1:2

[BootinUp]

1. Time to start a war I guess. nt

[fountainofyouth]

2. Shows you how amoral Wall Street is

The President is a smoking gun away from impeachment hearings, but only if they don't cut Medicaid will the market reflect some feeling of anxiety.

[Leghorn21]

3. I know squat about "the markets", but wouldn't Wall Street, of all "institutions", be at least

vaguely familiar with this idiot's track record?

[fountainofyouth]

5. Greed clouds the mind

[Leghorn21]

6. Yeah - cloudy with a chance of lightening, tornadoes and neck-deep flooding - if only they could

Limit the damage to their own sorry selves, but they always manage to take others with them, eh -

[Cosmocat]

15. fucking childlren

with FAR too much money ...

[TeamPooka]

4. Trump response will be "Wall Street is full of losers."

[bullwinkle428]

9. "They couldn't make it in a REAL business, like real estate! Believe me!"

[ProfessorGAC]

14. Neither Did He

So he should know. 4 bankruptcies doesn't exactly display a sterling record of business acumen.

[hibbing]

7. Don't fret, they will get their "tax reform"

Tax reform = tax cuts for the ruling class with a lot of Democratic member votes I predict.

Peace

[StevieM]

13. I agree that the GOP will give huge tax cuts for the wealthy.

They wouldn't be Republicans if they didn't.

But I don't think they will get too many Democratic votes. I think they will get Joe Manchin of West Virginia and Heidi Heitkamp of North Dakota in the Senate. And they may get Colin Peterson of Minnesota in the House. But that will be about it.

[Cosmocat]

16. YEP - the ACHA is crashing because the hard right wing of the party

somehow finds it to not be horrible enough.

As unimaginable as that might be.

The tax bill these assholes cook up is going to have some bread crumbs thrown our way, but will be the appropriate tithe to their mastsers and get universal support from the entire blok of conservative dickwads.

[IronLionZion]

8. Many Trumpers hate Obama so much they stayed out the last 8 years

and missed the multi-year rally. Once Dolt 45 won the election, many of them immediately started buying stock which drove markets higher.

Leave it to Trumpers to buy high.

I'm of course speaking about normal people not bankers. Bankers are expecting deregulation and other Trump policies will benefit them.

I believe Trump's policies will be bad for our economy, but not yet. It will happen eventually. Massive cuts to social programs take money out of our economy and away from poor people who spend it on the necessities of life like food and medicine.

[Cosmocat]

17. Oh yeah,we have not had a market this 'bubbled"

since the late 90s tech bubble - 45 election was that last sugar high.

GOING to be a correction.

[ffr]

10. Markets got exactly what he was preaching and exactly what they deserve.

[3catwoman3]

11. I want...

...a divorce from this administration.

[Crash2Parties]

12. Doncha just hate it when you assume the fix is in...an then it all starts to unravel?

[former9thward]

18. Every single prediction about the market I have read on DU has turned out wrong.

I suspect that record will continue. 200 points in a 21000 market is nothing -- up or down.

[workinclasszero]

19. 'pro-growth policies of tax reform'

That actually means the dismantling of the safety net with the proceeds going to wall street 1%ers.

F those gangster capitalists!