Dow Jones Plunges 800+ Points – The Trump Economy Was a House of Cards
The DJIA is not the economy, but that never prevents the media and the President from pretending that it is. Anyway, now that the bubble has burst rounds of firings and downsizings are inevitable.
If you’ve been hoarding cash, there will be a lot of buying opportunities should you decide to get back into equities.
Dow Jones Plunges 500 Points Amid Stock Market Sell-Off On …
https://www.investors.com/…/dow-jones-plunges-stock-market-sell-off-trade-war/
3 hours ago – The Dow Jones industrials plunged about 500 points, as Dow Jones stocks Apple (AAPL) and Intel (INTC) fell 4% and 3%, respectively. Check out this week’s IBD Investing Action Plan for important stock market events, like earnings results later this week from Leaderboard stock
Liberals: Those all time highs established by the stock market during the Trump administration had nothing to do with Trump.
Also Liberals: That one day drop of about 3% in the stock market means the Trump economy is a complete failure.
What a bunch of idiots.
Check back on that thought a month from now. Trump has pursued a flimsy, piece of shit, sugar high economy like diabetic chasing insulin.
Wanting it both ways is endemic to all players, isn’t it? Show me otherwise.
It won’t mean much unless it keeps on dropping after today. Lots of people will take this as a buying opportunity.
Trump has taken a lot of credit for Obama’s rescue of the economy. I would have expected his recklessness to impact the DJIA a lot sooner.
Inevitably the economy will falter, it always does. Will this be a buying opportunity? Perhaps, but I’m standing pat and am prepared for what I see as inevitable. As noted the stock market is not the economy, but it is a good indicator of that is going on and perhaps what is to come.
Alby, any comment on the New Media Gannett acquisition?
Side thought I had on my morning walk while watching News Journals in plastic bags being tossed out of cars into driveways. We go to great lengths to ban plastic bags from supermarkets and celebrate this as an environmental achievement.
With this in mind, why do we allow print media/print advertising at this point where basically everyone has a cell phone? Is there a more environmentally unfriendly business model than this? Tremendous amounts of energy to transport logs to mill, turn logs into paper, truck paper to printing plant, print/cut/collate paper, stick paper in plastic bags, transport paper and plastic bags to suburban driveways. Bags and paper get thrown in trash or recycle, more energy to recycle, distribute recycled product.
All true, though of course that’s a big step from “banning” anything, especially something protected by a Constitutional amendment (see guns and the 2nd Amendment for evidence).
The market is taking care of the situation. Newspapers were a $60 billion per annum industry in 2000; they are a $20 billion industry today, a number that will eventually shrink to maybe a quarter of that, or a tenth. Like every dying industry, a remnant will carry on.
Re: Environmental costs of paper production and transportation. Newsprint is very low-grade paper, and so requires less processing (particularly bleaching) than every other kind. Remember when computers were going to lead to a paperless workplace? Paper use actually increased. So it’s rather absurd to focus on newsprint, which is shrinking naturally, while ignoring other kinds of paper, which continue to proliferate. It’s as wrong-headed as obsessing about illegal immigration at a time when it was actually decreasing.
Plastic bags are an environmental hazard not because they are made of plastic but because they cause great damage to ocean megafauna. I know the plastic industry wants to pretend that’s not the case, that if you care about the environment you must be an absolutist about it, but this is a massive straw-man argument.
When cetaceans are having a different substance removed from their dead stomachs, we can talk about banning that substance, too. Until then, it’s just plastic bags, which — be honest now — you don’t give a flying fuck about except as a cudgel to punch hippies.
I know you fancy yourself a bright fellow, but bright people don’t spend their time coming up with flawed logic puzzles for people they disagree with. You’re confusing intelligence with sociopathy.
Wait, that came out wrong. You seem like you are in fact a bright fellow, at least in your description of the problems. It’s your conclusions I question.
Anyway, If you’re interested in actual discussion, you should act like it, instead of behaving like a troll.