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pwb

(12,687 posts)

12. The corporations are fucking up their tax cut and people are noticing and selling.

Thu Feb 8, 2018, 05:33 PM

Feb 2018

The fake promise of hiring more, building more plants, giving employees raises were really ignored and replaced with stock buy backs and higher dividends to share holders. Who would have guessed it was all a lie.

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Dow plummets 1000 points into correction territory, S&P 500 drops 3.7% to new low for week [View all] Mr. Sparkle Feb 2018 OP

Any stock market smarties in the house MontanaMama Feb 2018 #1

Yes. This is happening because the Democrat party failed to applaud during the SOTU. mahatmakanejeeves Feb 2018 #3

Oh that's it! MontanaMama Feb 2018 #5

No, it's actually good news that did it! getagrip_already Feb 2018 #10

Gotcha! MontanaMama Feb 2018 #26

You are not wrong. Bernardo de La Paz Feb 2018 #31

I've looked at market corrections as opportunities. Yonnie3 Feb 2018 #21

Please be aware ChiTownDenny Feb 2018 #37

just for that, a heart to you Skittles Feb 2018 #48

Thank you! ChiTownDenny Feb 2018 #49

Thanks. And welcome to DU. NT mahatmakanejeeves Feb 2018 #51

"the Democrat party failed to applaud during the SOTU." Yavin4 Feb 2018 #45

Disclaimer: not a stock market expert fountainofyouth Feb 2018 #8

Excellent explanation. MontanaMama Feb 2018 #27

A "correction" is typically in the 10% neighborhood wysimdnwyg Feb 2018 #9

The market is way overdue for a 10-15% correction Fiendish Thingy Feb 2018 #28

This was predicted months ago. DetlefK Feb 2018 #53

We're moving from the "drumpf slump into the drumpf dump" with the markets. democratisphere Feb 2018 #2

This is called "Massive Transfer of Wealth 9.0" debsy Feb 2018 #4

Don't understand your post SCantiGOP Feb 2018 #6

I think debsy knows that. vkkv Feb 2018 #16

Bingo! All major market moves are transfers of wealth... GetRidOfThem Feb 2018 #30

Unless they shorted the market jpak Feb 2018 #42

Trumps fault. Historic NY Feb 2018 #7

+1 CountAllVotes Feb 2018 #11

The corporations are fucking up their tax cut and people are noticing and selling. pwb Feb 2018 #12

Think it's not that. The market goes up with stock buybacks flamingdem Feb 2018 #22

Yea that's what the high paid money talkers have been told to say. pwb Feb 2018 #29

It is still correcting itself to a degree. BigmanPigman Feb 2018 #13

Overheating economy and huge deficits hitting at same time. bronxiteforever Feb 2018 #14

OK wait a minute -- Somebody actually read the first sentence in the article Algernon Moncrieff Feb 2018 #15

Maybe the person who wrote the article Cold War Spook Feb 2018 #19

Or maybe there's a bot writing it that needs its grammar program fixed. OnlinePoker Feb 2018 #39

It's 1983 or 1987 all over again bucolic_frolic Feb 2018 #17

Buying opportunity. The world is in growth mode flamingdem Feb 2018 #23

Yep. every crash gets worse and worse elmac Feb 2018 #38

There are possibilities there because of the risks you mention bucolic_frolic Feb 2018 #43

Just ride rtracey Feb 2018 #18

No one is panicking LanternWaste Feb 2018 #20

yeah rtracey Feb 2018 #44

"the only place where people run OUT when there's a sale. The Mouth Feb 2018 #35

You should not cash everything out at PoindexterOglethorpe Feb 2018 #40

Sorry rtracey Feb 2018 #46

It's having their entire retirement in a single stock that was the mistake. PoindexterOglethorpe Feb 2018 #47

This is the mistake that "radicalized" Steve Bannon. His father had all his money in company stock. mahatmakanejeeves Feb 2018 #50

Thanks for posting that. PoindexterOglethorpe Feb 2018 #54

When the market goes up like it has on nothing but AIR........ Bengus81 Feb 2018 #24

Been saying that for a year Cosmocat Feb 2018 #32

This (may) be a good time to move money from a traditional IRA to a Roth. doc03 Feb 2018 #25

I give full credit for the downturn to President Trump machI Feb 2018 #33

tRUMP is probably encouraging the market falls so he can buy more ... SWBTATTReg Feb 2018 #34

Kind of figured this was coming when my mutual DeminPennswoods Feb 2018 #36

Two things that are important. PoindexterOglethorpe Feb 2018 #41

it's always possible to find sellers in a rapidly rising market. the reverse is not the case. unblock Feb 2018 #52

True. Which is why panic selling is a dumb idea. PoindexterOglethorpe Feb 2018 #55