Who would like to answer this difficult question?

[jimntx]

The stock market had an astounding peak day on Sept. 20th with the Dow-Jones closing at 26,657. The stock market closed at noon ET today at 21,792 a drop of 18.25% since 9/20. One commentator on CNBC (the business channel) said that it was the worst December for the stock market since 1931 in the depths of the Great Depression.

Now the Donald has taken personal credit for every dollar the stock market has gone up since he took office. Do you suppose he will accept the blame for the losses since September, or will he find someone to blame--like a computer nerd in the Federal Reserve offices??? What say ye?

 

[xUT]

The stock market had an astounding peak day on Sept. 20th with the Dow-Jones closing at 26,657. The stock market closed at noon ET today at 21,792 a drop of 18.25% since 9/20.

Now the Donald has taken personal credit for every dollar the stock market has gone up since he took office. Do you suppose he will accept the blame for the losses since September, or will he find someone to blame--like a computer nerd in the Federal Reserve offices??? What say ye?

DemoRats, Fed Chairman, Obama and Crooked Clinton's.
How dare you have the audacity to try to blame King Trump...

 

[Dog Wonder]

Obama's fault, he should have stayed President.

 

[Zom JFK]

 

[Kris Kringle]

The stock market had an astounding peak day on Sept. 20th with the Dow-Jones closing at 26,657. The stock market closed at noon ET today at 21,792 a drop of 18.25% since 9/20. One commentator on CNBC (the business channel) said that it was the worst December for the stock market since 1931 in the depths of the Great Depression.

Now the Donald has taken personal credit for every dollar the stock market has gone up since he took office. Do you suppose he will accept the blame for the losses since September, or will he find someone to blame--like a computer nerd in the Federal Reserve offices??? What say ye?

Of course it's the Presidents fault. ("The buck stops here" )(President Harry S. Truman) Now the President 'could' blame Fake News. Just a bit of a problem with that though, meaning that all the money people lost, is not Fake money. It's hard to dismiss the 2018 election results, with regard to the upcoming 2020 election, as a 'canary in the coal mine' !

 

[jimntx]

Kris, you're a day late and a dollar short. He officially blamed the Federal Reserve yesterday for the stock market crash. The markets closed early yesterday and officially recorded the worst Christmas Eve in the history of the New York Stock Exchange.

It's a good thing that I've already warned my nieces and nephews that my retirement plan is to be a burden to them all. Since this "market adjustment" started not quite a month ago, my investments have lost over 7% of their value. Selling would be of no benefit for the future. For right now my advisor said the best approach is wait and see what the New Year brings; since there is usually a drop toward the end of the year and a rebound in January. Guess I'll just have to wait and see. Fortunately, she had already moved a bunch of stock to cash; so, I'm taking the "it coulda been worse" approach to my thinking.

 

[La Li Lu Le Lo]

I remember when Obama was president and news channels were so back and forth on the stock market. I would hear conflicting reports on the stock market from day to day, sometimes even on the same day from different news channels. I am not saying the stock market didn't drop. What I am saying is the Obama years have given me a wait and see attitude regarding the stock market. I never blamed Obama for the stock market and I don't blame Trump either.

A bigger factor for me (and I believe a MUCH better indicator of our actual economy) is our nations unemployment numbers, which were horrid in the Obama years. Unemployment is better now but we still have far too many low paying service jobs with no benefits. That is not to say I support fight for 15 (because I don't.... it is ridiculous) but I do support fair pay in manufacturing and skilled labor jobs which have been depressed by foreign competition (working for American employers.... i. e. outsourcing) and illegal labor driving down wages in what used to be middle class American jobs.

 

[delldude]

No chance overzealous investors trying to get on the money train breaking their own bubble?

Naw, gotta be Trump.

 

[Insp4]

Hey a cow farts in Kansas!........ It must be Trumps fault that it stinks, right?

 

[Dog Wonder]

Trump takes credit when a cow farts and doesn't stink.

 

[KCFlyer]

No chance overzealous investors trying to get on the money train breaking their own bubble?

Naw, gotta be Trump.

Companies got a tax cut and did a trillion (with a t) dollars worth of stock buybacks. That's going to boost the stock price up for a bit...but the repurchases are done...now it's back to business as usual. Remember last year when companies were handing out $1,000 bonuses like it was halloween candy? And that was BEFORE the tax cut. Nothing this year.

Trump supporters won't admit it, but the tax cut failed. You were promised that the money saved by corporations would create new jobs or increase the pay of existing jobs. From about 2010, most companies gave the obligatory 3% raise. Then we got a tax cut and companies, flush with new cash gave....a 3% raise.

 

[delldude]

Help wanted signs all over here.....

 

[Dog Wonder]

Trump leaves the country and the stock market posts record gains. Put up a wall, quickly.

 

[Kris Kringle]

Help wanted signs all over here.....

I'm just curious. How many of these many jobs are paying $20.00 per hour, with good (available medical benefits) and a good retirement plan ? (God forbid a defined pension plan).

 

[KCFlyer]

I'm just curious. How many of these many jobs are paying $20.00 per hour, with good (available medical benefits) and a good retirement plan ? (God forbid a defined pension plan).

Here's the great thing....Trump won Michigan and Ohio with the promise of "jobs, jobs, jobs" Most of these folks were autoworkers. The "jobs jobs jobs" vision in their head were of the glory days of "the big 3". In their minds, they were looking for jobs that paid what they were accustomed to making under their UAW contracts....a good wage - a middle class lifestyle. They didn't have visions of South Carolina wages and benefits. Same with the steelworkers. And yeah...there are "help wanted" signs all over the place - some even offer - gasp - $15 an hour. But that kind of sucks when you were hoping for $25 an hour, plus pension, plus company paid health insurance. And what do they get? Plant closures.

And in all my years, I never saw a "help wanted" sign outside an auto plant or a steel mill....or even an "accountants wanted" sign outside a downtown office building. Usually the"help wanted" signs are in restaurant windows