Why Did The DOW Drop 600 Points Today
Trump tweeted:
Every single person, with a couple of firing neurons, disagrees.
The market dropped 600 points, because the reality of open market economic cycles, hit. This, of course, one would know, if they have anything more than slogans up their sleeves.
Meanwhile, in the real world:
Apple dropped 5% after hints of a slowdown, based on one of its suppliers, cutting sales forecast, and JP Morgan, cutting Apple target price. That took the tech market down with it.
The US $ is at a 16-month high, due to Brexit fears, which might cause a European economic stall. A strong $ hurts US sales.
Saudi Arabia, signaled, today, that OPEC is going to drop production, causing a rise in oil prices (following a 20% drop, over a very short period of time). This leaves less money in people's pockets, for other things, like iPhones, and dinner and a movie.
Further, the market went up, since the midterms, posting their best showing, last week, since March.
So, upon closer examination, the market did not lose it, because the Democrats won the house.
I expect the Trump SW trolls, to respond with memes, if so, make it on point, else it will be deleted. Be on topic, generally speaking.
The prospect of Presidential Harassment by the Dems is causing the Stock Market big headaches!
Every single person, with a couple of firing neurons, disagrees.
The market dropped 600 points, because the reality of open market economic cycles, hit. This, of course, one would know, if they have anything more than slogans up their sleeves.
Meanwhile, in the real world:
Apple dropped 5% after hints of a slowdown, based on one of its suppliers, cutting sales forecast, and JP Morgan, cutting Apple target price. That took the tech market down with it.
The US $ is at a 16-month high, due to Brexit fears, which might cause a European economic stall. A strong $ hurts US sales.
Saudi Arabia, signaled, today, that OPEC is going to drop production, causing a rise in oil prices (following a 20% drop, over a very short period of time). This leaves less money in people's pockets, for other things, like iPhones, and dinner and a movie.
Further, the market went up, since the midterms, posting their best showing, last week, since March.
So, upon closer examination, the market did not lose it, because the Democrats won the house.
I expect the Trump SW trolls, to respond with memes, if so, make it on point, else it will be deleted. Be on topic, generally speaking.
