Yesterday, Fox predicted that there would be a massive stock market crash if Trump was convicted. Instead, the Dow

[kpete]

Yesterday, Fox predicted that there would be a massive stock market crash if Trump was convicted. Instead, the Dow had its best day of the year

Link to tweet

[Blue Owl]

1. Suck it Fat Fuck

[senseandsensibility]

2. Kpete are you suggesting that FAUX

was WRONG?

[PatSeg]

38. Seriously! It is so rare that Fox is wrong!

[Shermann]

3. Kind of a delayed reaction...the Dow took off right before the closing bell! nt

[KPN]

15. Yeah, musta finally dawned on 'em. Big money folks that

is … that fat ass is going down. Might as well juice the markets!

[Shrek]

33. Might have been a lot of short-covering on the last trading day of the month n/t

[Roy Rolling]

35. This 👆

Last trading day of the month. But happening especially after the Faux News prognostication was especially sweet—it doesn’t have to be logical.

[captain queeg]

4. Too funny. I don't suppose this will be discussed much.

The billionaires want an orderly society so they can milk us for dimes and nickels, it’ll find it’s way into their pockets.

[NoMoreRepugs]

5. Inflation stats and slowing of consumer spending a bit bodes well for future rate cuts.

Repulse so desperately want the economy to crater. Beware what Phootie and the Saudi’s do with oil just prior to the election.

[slightlv]

16. Did you see where OPEC+

is meeting now to set the cut rates for 2024-2025? They're already planning it. I truly feel Biden will win this Nov... but it won't be for lack of meddling by certain fascist countries!

[oldsoftie]

17. Cut rates or cut production? One is good one is bad

If they hadn't cut production last year gas would be much cheaper NOW

[slightlv]

21. Production cuts.

Keeping what they've done so far this year, and adding more production cuts on top of that.

I do have one question that I guess should be obvious, but I can't get my head around it... Aren't they cutting off their nose to spite their own face? They slash production like they're talking about, and that means less money for their countries. I know SA has had some unrest economically lately, anyway... and Bonesaw is now going to make it even worse? Other than what they think they might get from T* if they get him re-elected, what's the upside to this? I'm missing something...!

[Justice matters.]

26. They want the convicted felon to keep destroying democracy.

To keep bringing chaos and violence in the world's most powerful country and dismantle NATO.

For that, they'll do anything in their powers in hopes of putting him back in the White House.

[slightlv]

28. Bannon jetting all over the world,

trying to set up his "chaos" colleges set on spreading anarchy across the globe, really had a mobilizing effect, even when (as in Italy) the right to build the "college" was denied.

It's amazing how fast Evil can fly around the world....

[oldsoftie]

31. Depends; if the price stays up they'll make as much from less production

OPEC has always had the problem of countries NOT sticking with cuts & it seems like now they're sticking together more. Although I hear Iran's production is UP. And with VZ oil not on the open mkt that makes things even worse. Along with russian oil restricted.

[slightlv]

48. Okay... I agree with you softie!

But explain to me how on one hand we're touting how we've got more oil coming out of the ground in the US today than ever before, and so much, in fact, we're exporting tons of it. OTOH, OPEC has us by the short and curlies.

If they want to drill, baby, drill... and they've been doing just that since Bush jr, then WHY are we allowing them to sell it overseas and NOT sell it all to their own country to kill our dependence on overseas oil? Talk about cutting off your nose to spite your face. I'd tell em, no more oil out of the ground until we are overflowing with $1.00/gal gas here in the U.S. But I readily admit I'm not financially savvy... thus, I'm poor despite working my whole life. I also know our oil people are OPEC evil. (sigh)

[oldsoftie]

49. In 2015 Congress repealed the ban on exporting

we haven't built a large refinery in decades. And oil from some fields isnt able to be refined here because of its makeup. One reason why we used to import Venezuelan oil; it was easier to refine than some of our own oil..
And while it many not be a popular thing to point out here, oil companies have been reluctant to invest in huge new ones because they dont know where the law is going.
I agree with you though, make it a point to publicly tell these companies we need more US gasoline production.
This is a losing issue in Nov if it doesnt improve

[slightlv]

50. It probably *should* be a losing issue

for everyone, given climate change. I'm in the midwest, and we've had one hell of a spring so far. Not that we're not used to storms or tornadoes in the spring in tornado alley, but everything is so much larger and more dangerous. Somehow, we have to get off this addiction. For me and my part, it'll probably mean parking and never driving again. I can't afford an EV, and no one is going to give a loan to people like hubs and me who survive on SS and a small annuity -- if we'd even be dumb enough to try for one! (lol)

[oldsoftie]

52. Well, the world has no borders. What WE do has minor impact

because China is opening coal fired plants every week & India's coal emissions are growing every year; likely to double by 2050. US total emissions are far lower now than 20 yrs ago with a LOT more people.
Your point about affording an EV is part of the problem of the govt trying to force feed us on these. If anything shouldve been pushed its a hybrids. Pushing total electric just makes us MORE dependent on China.

[sop]

6. It's nonsense, but Fox viewers will accept it as fact.

[Claustrum]

9. I mean, they believe we've been in a recession for 4 years. The stock market is lower than TFG's era.

When they believe things easily disprove like this, there is no reason they don't make s*** up on a daily basis.

[Silent Type]

7. It dropped 1000 points the two days before. Probably has nothing to do with trump.

[Ms. Toad]

20. I think it has to do with certainty

The prior two days reflected the uncertainty of the case being in the jury's hands.

[Silent Type]

27. Good point.

[spooky3]

23. Yes, and from the YTD chart I'm reading, there have been several better days

This year—one in March appears to have a 1000 pt gain—so today’s gain may have been ONE OF the best.

[struggle4progress]

8. Market leaps for joy!

[Diraven]

10. I saw some news already claiming

That the conviction caused the market to go up because it makes it even more likely Trump will get elected...because reasons.

[birdographer]

13. Yeah, I saw some posts

on Instagram by cult members claiming that the conviction was a GOOD thing for donnie and we will all see that in November.

What do you suppose it is like to live in an alternate reality? Can I live in one where trump was never born? Not sure how much that would change after late 1900's, but I would like to at least visit.

[smb]

18. I Want To Live In The Alternate Reality...

...where Hillary Clinton is wrapping up her second term and Republicans are whining about how her "mismanagement" led to a mid-five-figure COVID death count.

[ZonkerHarris]

44. "Everyone loves a criminal in charge" is going to be an interesting campaign theme.

[Emile]

11. K & R

[PufPuf23]

12. Large investors in the markets that use automated trading programs trade on

market volatility more than market level. High market volatility concentrates wealth to the already wealthy, those in professional class with 401Ks also benefit. High market levels are good but spikes and drops are illusions.

Shouldn't need to say this but the economy under POTUS Biden is much better than what I thought could be achieved. Some are being left behind unfortunately. GOP would be far worse and probably criminal. Same as it ever was. alas.

[KPN]

14. Wow! Made my day! Thx for this OP kpete. Was having

a not so good day, but this has me dancing on my deck enjoying a beautiful last day of May!

[kpete]

37. sweet!

[Ms. Toad]

19. Someone here asked the question a couple of days ago -

I had intended to respond that I expected it to go up, but never got around to it.

Stock markets like certainty. (So I would have expected the stock market to go up the day after a verdict - whehter the verdict was guilty, not guilty, or mixed). I also would have expected it to go down if they returned with a hung jury.

[elleng]

22. HAHAHAHAHA!!!!

[orangecrush]

24. Kick

[Justice matters.]

25. These fascist mofos are a bunch of despicable clowns.

And that of course includes fake "judge" pirro...

[OAITW r.2.0]

29. Wow, how many times has Fox News been wrong about American popular opinion?

[PortTack]

30. GO DARK BRANDON!!

[Emile]

32. Not the first time FOX was wrong.

[mwb970]

34. Well, that wasn't predictable or anything.

[Model35mech]

36. Me thinks it was a dead-cat bounce, after the 3000 point loses of previous 3 days.

[louis-t]

39. Fox needs to git outta the perdictin' business.

[Martin68]

40. That's actually kind of stupid of Fox. Too late to influence the jurors, and bound to instantly bounce back in their

faces. But no on holds them accountable, so I guess they don't care.

[Beartracks]

41. "Doom and gloom!! Dooooom and glooooom!!!!"

[soldierant]

42. Heather Cox Richardson noticed too, and said it in almost the same words.

I had already made this when I saw this post. Thought I'd share.

[ShazamIam]

43. kpete, great post I would not have known this without it since I work to ignore FOX and the stock market.

[FirstLight]

45. I inherited half my dad's stocks last year

Thursday and Friday were the two biggest days alone in that whole time.

I'm giggling to myself because my sister, who's actually a Republican, immediately sold all her stock off.. now I'm up $7,000

so she can suck it! 😆

[robbob]

46. I hope she sold them because her "news" sources told her Biden was crashing the economy...

Does that make me a bad person?

[cstanleytech]

47. Oh one will happen eventually but it could be decades away at which point they will say that's what caused it.

[marble falls]

51. But, but, but, TFG is beating Biden in the polls!!!