The market says Trump sucks.

Trump said rising stock prices were the proof of how good his presidency was for the economy.

In fact, it probably had little to do with him.

Now the S&P500 is [u]below[/u] where it was when Trump took office. Analysts believe the market is responding to problems in Asia, partly due to Trump's interminable "easy to win" trade war.

That is, the market's decline has more to do with Trump than the increases did.

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Northwest · M

Trump has been over-emphasizing the Dow Jones Index' performance. This is not a good measure of the overall health of the economy. It's simply a comparative Index, that uses the stock price of 30 companies, as a measure.

The S&P 500 has always been the more reliable Index, for measuring how the economy overall. We seem to have entered the volatility phase of the Dow, and this has typically been a period that precedes market crashes.

As we speak, the Dow is down 330 points. Yesterday it was up 400 points, the previous day is was down a few hundred points. These swings are dangerous, but the S&P 500 performance, indicates that we might be in for a downward "correction" cycle.

Which means that the speculators, who took advantage of the market, are now doing the thing they always do: jack the market up, sell, take it down and buy. The average 401K person, ends up getting screwed.

cultofaction · 26-30, M

The market is responding to the realization that tech stocks are overvalued and can't keep going up

WoodyAq · M

@cultofaction The losses seem to have spread outside the tech sector...

cultofaction · 26-30, M

@WoodyAq The rest of the market has been hurting for a while now.

It seems like the plunge protection team came to save the day this time

WoodyAq · M

@cultofaction So what you are saying is that Bezos was better than Trump for the economy?

Subsumedpat · 36-40, M

The market responds to market forces, the president takes credit if it is good and tries to blame someone else if it is bad. Has been going on through out the history of our country.

WoodyAq · M

@Subsumedpat The problem is that Trump has been intervening in the market in a more directly aggressive way than many presidents do. As a result, he is a market force.

Tubbs · F

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cultofaction · 26-30, M

@Tubbs I concur

WoodyAq · M

@Tubbs Is that a direct quote from Trump? Kinda sounds like him ...

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