Posted on 02/05/2018 10:10:59 AM PST by SeekAndFind
The White House said Monday it is worried about the U.S. stock market sell-off.
"We're always concerned when the market loses any value, but we're also confident in the economy's fundamentals," an official said in a statement to CNBC.
The Dow Jones industrial average briefly fell more than 300 points Monday morning and the S&P 500 traded about 0.75 percent lower, extending last week's plunge.
President Donald Trump has touted the strong stock market performance since his election win and has yet to deal with a significant market pullback. The Dow is up more than 30 percent since the election.
(Excerpt) Read more at cnbc.com ...
It goes up, it goes down. When it’s up, many people sell. Others see a rising market and buy. When it’s down, many people buy. Others panic and sell. Sure as hell, it will go up and it will go down.
They should never comment on the stock market given it’s movements are out of gov’t control.
Trump should not be quoting it, mentioning it or touting it.
Smile when it goes up...........
"I didn't lose a dime. I didn't sell anything."
Buying opportunity.
The stock shills on Wall St. are scared spitless that Main St. deplorables are getting their wages raised and that the economy is running ahead of the “experts’” projections.
As a result of the rapidly expanding economy, they are afraid the Federal Reserve will hike interest rates, and they have become addicted to very cheap borrowing over the past 8 years. They thought they could chase 30,000 on the Dow with a 1% interest rate forever.
Trump should never have touted the Stock Market being at all time highs...The Stock Market is a casino and any little thing could trigger a crash. So if the market remains in free fall, he has given his opponents fodder to attack him with.
I’m absolutely convinced this is a Democratic ‘Hit Job’ to solely to undermine the DJT’s success in the markets.
“The White House said Monday it is worried about the U.S. stock market sell-off.”
That very well measured message from the White the White House about the Stock Market Drop go a long ways to ensure confidence in the markets and absolutly prevent further sell off and panic.
It’s going to make the stock buybacks from incoming overseas money sweeter.
Agree that the white house shouldn’t ever comment or brag on the stock market.
On a similar note ... the bitcoin is on its way to becoming an itzy-bitzy coin.
They should have called it, “TulipCoin”.
I remember about 15 years ago that a 300 point drop was a catastrophy. Now I see 666 and say, meh.
This is why I thought the President should ease up on the stock market number as one of his many achievements. It’s so out of his control, really. He has many things he can be proud of and that Americans should know about - deregulation and lower taxes, to name two.
I had breathless people telling me in January that I was being left behind by not investing in bitcoin.
Yes, it’s the percentages we need to look at. Raw numbers don’t mean much. “Dow down triple digits!!” So what?
Yep...that’s a wagon Trump should not have hitched his horse to...live by the ticker, die by the ticker.
translation: We know what you’re up to, Mr. Soros, and we’re watching you.
Exactly. What Trump should be worried about is the impact of rising rates. It's Trump's Treasury department now. Rate have been artificially held down for years. If they rise too much the interest payments on the debt alone will consume much of the budget.
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