The Dow is down nearly 200 points.

[DemocratSinceBirth]

Maybe the reality of Drumpfian Economics is sinking in.

An economic downturn might wake up some of the Deplorables. On the other hand Drumpf might start a war like his buddy Putin did to distract them.

[maryellen99]

1. I really think we will be fighting WW3 in 3-6 months nt

[unblock]

6. ironically, i see him as too much of a disaster for that to happen

i think it's more likely that his constant picking on individual companies will piss off enough super-rich people to get him kicked out before he has time to embroil us in a major war.

[mahatmakanejeeves]

33. I wouldn't give it that long.I'm going with three days.

I had been thinking of starting a thread along those lines. I've been thinking three days. I was going to go with four days, but I had been thinking that Monday the 23rd was a holiday. The holiday is on 01-16, so there's nothing on the calendar for 01-23 to get in the way.

[onecaliberal]

2. Wwwwweeeeeeeeeeeeeeeeeee

[Hortensis]

3. Lol. Prez-elect Trump's pressor did NOT reassure investors.

Apparently too much quarreling with the press and refuting scandal and no economic details to hang happy dreams of future earnings on. A couple polls are showing confidence in Trump is already deflating across the board, not just in board rooms.

[calguy]

4. Traders disappointed in trump's presser performance

I knew it was just a matter of time. I took all my 401K money out 2 days ago and am trading everything short right now.
Market held up over the New Year because traders wanted to wait and take profits this year in anticipation of trump's lower tax rates promise. Good chance now the market goes down a LOT before it goes back up.

Buy the election, Sell the inauguration.

[DemocratSinceBirth]

7. Mark Cuban said he would go to a one hundred percent hedge if he won.

Drumpf's economy with his stupid one offs will not outperforms Obama's economy.

Where do you see unemployment, GDP growth, and inflation on 1/20/18?

[Grey Lemercier]

16. I have been short the USD v GDP, SEK, and EUR for 2 weeks

Today is making me a very happy woman.

[2naSalit]

5. I guess the

Russians aren't going to be buying today, probably think they are punishing us for exposing the scam.

[Wounded Bear]

8. 200 isn't even a blip....It's far less than 1%.

Not that I don't expect a downturn, I do. One problem, of course, is that most of the red states won't feel the effect of a downturn for a couple of years. Much like how they mis-read the Bush Recession, they don't understand how the blue states get hurt first and worst, and they don't care.

Get back to me when it drops 2000 in one day.

[JNelson6563]

10. The serious money won't crash the market. Not at this point anyway.

They certainly don't want to tip off the little people.

[Orrex]

12. Also, Trump & the GOP will blame it on the Affordable Care Act

Breitbart "news" will happily catapult the propaganda, and then the "real" media--having lost access to the Whitehouse press room--will obediently parrot the official story in hope of re-ingratiating themselves to Trump.

Thus it will become true.

[Grey Lemercier]

18. Far less than 1%? You might want to check your maths.

[Wounded Bear]

19. Down 104 from 19850

104/19850=.0052

Half of one percent is 'far less' in my math.

[Grey Lemercier]

20. You replied to a 200 point figure

"200 isn't even a blip....It's far less than 1%."

[Wounded Bear]

21. Whatever...a 1% drop is pretty meaningless too. nt

[Grey Lemercier]

22. I never said it was a big deal...

No need to get in a snit

[Wounded Bear]

23. LOL! you're the one who went off on the math...

[Grey Lemercier]

24. I did "go off" just pointed out what I saw as an error

[Fresh_Start]

9. Personally I'm going to everything I can to help the economy decline

I think thats the only disaster which will dislodge Trump.
So I'm austerity until Trump is gone gone gone.

[Hamlette]

11. The market is up 10% since the election

I think everyone expected it to fall.

Today is a blip. Don't be celebrating. And remember, many of your fellow dems have our retirement/life savings in the market. Won't hit republicans any harder.

[calguy]

14. I'm not celebrating

I'm a day trader and I see the market as being topped out. I'm just trading what I see.

[DemocratSinceBirth]

17. What will we see first: Dow 21,000 or Dow 19,000?

[Wounded Bear]

25. I'm thinking first we'll see Dow 15k...nt

[PoindexterOglethorpe]

26. Well, to get to 15,000 the Dow would have to pass through 19,000.

[DemocratSinceBirth]

30. If the Dow really drops by 20% that would be catastrophic for the economy, investors, and Drumpf.

[Wounded Bear]

31. Yep, pretty much...

I'm thinking too many folks were disappointed that the Great Recession of '08 didn't go full on Depression and they are working to make sure we get a real crash. But this time there may not be a bailout.

[HeartachesNhangovers]

35. A 20% Dow drop wouldn't be a catastrophe ...

A 20% drop is generally considered a "bear market". A "crash" is a 50% drop. 20% drops have happened 12 times since the end of WWII and a 20% drop NOW would only erase 2 years of gains and leave us WAY higher than the peaks before the Tech bubble and Real Estate bubble burst.

If you are only mentally prepared to deal with a 20% drop, you are setting yourself up for a panic because an occasional 20% drop isn't only possible, it's inevitable.

[DemocratSinceBirth]

36. It would likely usher in a recession which would be catastrophic for Trump in 2020

It would likely usher in a recession which would be catastrophic for Trump in 2020 and the GOP in the 2018 mid terms.

[Wellstone ruled]

13. After yesterday's so called Trump Presser,

hunch says,the Consumer is heading to the side lines. The Uruinator scared the crap out the country and today we are seeing the fallout.

All these talking heads on Wall Street are getting their words shoved up their collective butts. How is that Trump trade working for you.

[cilla4progress]

37. Ooooh your post

makes me feel good!

I've switched a bit of my tiny portfolio to cash (money market). Ride this disaster out.

[Wellstone ruled]

38. Doing as you.

Sad,we hold a couple of Trump attacked stocks,hit is about 4-5%.

[DoBotherMe]

15. DU Stock Market Watch

http://www.democraticunderground.com/111679539

[elleng]

27. Down 104 @ 1:00.

Always hard to know WHY, re: ups and downs, but it is what it is.

[rogue emissary]

28. It'll bounce up just so Donald can be given credit for the momentary upturn.

[JustAnotherGen]

29. I think it is just normal ups and downs

[Joe941]

32. The so called tRump rally is losing steam.

I bet the stock market will crash due to tRump policies!

[Dark n Stormy Knight]

34. He will start a war. On purpose. Disaster capitalism.

We, the opposition, need some strong leadership. Someone needs to organize the resistance!

[malaise]

39. Maybe they watched Groper Don the Con's

Piss Conference yesterday

[lunasun]

40. Should be down more after he dissed Big Pharma. There is an app now that will alert you when

he speaks negatively about your added industries of investment so you can get out if it will go down . I thought all the pharma talk at the pisser yesterday would swing the market Health care with this repeal is under stress also
It's like that twi light zone episode with the kid . All hoping he doesn't attack them next . Wall Street will probably react more now after 1/20
Then officially he is in charge and unstable and the market could reflect it