stock market tanking... could the flynn deal derail the tax bill???

[unblock]

[Angry Dragon]

1. how much of a drop??

[SCantiGOP]

2. over 200 points in 2 minutes

on the news from ABC that Flynn will testify against Trump

[Fullduplexxx]

3. Irrational exuberance

[strangedaysindeed]

4. oh wow

that wasn't supposed to happen until after the tax bill passed!

fasten your safety belts!

[gratuitous]

5. The local NBC affiliate played a clip from yesterday

Three women talking about the prospects, and one of them was very animated. The DJIA had its highest close ever yesterday, and she was very excited by the notion that wealthy people and big corporations were going to get big fat tax cut. She predicted the market would sky-rocket, and all that extra cash was going to go toward business expansion, and hiring people, and nicer weather on the weekends, and fewer cavities.

The clip was very short, so I don't know if either of the others asked her why businesses weren't hiring now if they needed workers so badly. Because history has amply demonstrated that excess money goes into the pockets of the big boys in the corner offices, not to paying workers more.

[DemocratSinceBirth]

6. The best time to buy is when everybody else isn't.

Irrational exuberance is usually associated with market tops.

[elleng]

7. Has been Irrational Exuberance lately, so nbd.

S.& P. 500–0.88%

DOW–0.75%

NASDAQ–1.19%

[Merlot]

8. I don't see how a stock market drop could derail the tax bill

Stock market drops and they'll say "see how bad we need this tax bill to save the economy?"

[unblock]

9. no -- i meant the flynn deal derailing the tax bill, which in turn causes market to drop.