Trump Scoreboard - Marketwatch

[Brainonska511]

and now trump wants to fire the fed chief - https://www.cnn.com/2018/12/22/politics/trump-jerome-powell-fire-interest-rate-hike/index.html

technically the federal reserve is independent, so i don't know that he actually can...but even if he could, trump is basically pissed that he's ruining everything and has decided to blame the chairman of the federal reserve. stable genius indeed. can't possibly be trade wars, foreign policy decisions, or a complete inability to actually run the government.

Put an idiot in charge and you get idiotic results.

 

[Engineer]

I wonder, at what point will the wall street giants pull money from cheeto and the GOP because of the shit show that they have led us into?

https://www.cnbc.com/2018/12/20/onl...blicans-would-re-elect-trump-cnbc-survey.html

Once the only thing going for cheeto, the market, craters....that is what happens.

 

[zzyzxroad]

OP what's your current take on this thread?

 

[K1052]

Trump and a nervous Mnuchin hatched this fucking brilliant plan apparently to quell uncertainty and concern by creating a lot more of both...

Treasury Secretary Steven Mnuchin startled financial analysts, bankers and economists on Sunday by issuing an unusual statement declaring that the nation’s six largest banks had ample credit to extend to American businesses and households.

Mnuchin made the statement on Twitter after calling the leaders of the six banks, seeking to address an issue that had attracted little concern ahead of the treasury secretary’s tweet.

The statement came hours before Asian markets were set to open and following a sharp sell-off that made last week the worst for U.S. markets in a decade. President Trump has been furious at the sell-off, and efforts by Mnuchin to inspire confidence in the market have so far failed.

Several analysts said Sunday night that his outreach to the banks and subsequent statement were likely to backfire and drive even more concern.

“Panic feeds panic and this looks like panic in the administration,” said Diane Swonk, chief economist at Grant Thornton. “Suggesting you might know something that no one else is worried about creates more unease.”

https://www.washingtonpost.com/busi...rket-mayhem/?tid=ss_tw&utm_term=.c5d6bcc0a9ac

If we end up in real economic trouble these people are going to be useless. In fact they'll likely make things a lot worse.

 

[VRAMdemon]

Trump and a nervous Mnuchin hatched this fucking brilliant plan apparently to quell uncertainty and concern by creating a lot more of both...



https://www.washingtonpost.com/busi...rket-mayhem/?tid=ss_tw&utm_term=.c5d6bcc0a9ac

If we end up in real economic trouble these people are going to be useless. In fact they'll likely make things a lot worse.

So..basically Mnuchin had Sunday phone calls with the top six bank CEOs and there will be a convening of the President's working group of financial markets to make sure that the economy doesn't collapse during the shutdown. Thats really encouraging this must be a warning to take the gun out of your mouth

Nothing says PANIC! more than seeing the top guy running around all of a sudden saying "THERE'S NO NEED TO PANIC! EVERYBODY, IN MY OFFICE, NOW!!!"

If you wanted to intentionally tank the market you couldn’t do anything better than this...

 

[FIVR]

Trump is great for the market. I've shorted Netflix, Facebook, and Intel and made tons of money thanks to Trump's stock market. It's really easy to go short in a bear market.


3 comma club represent

 

[K1052]

Mnuchin: So, you guys have enough liquidity right?
CEOs: Well yes but the Fed Chai...wait why?
Mnuchin: Just want to make sure you're topped up on cash because of what's going on.
CEOs: Yes we have cash but the President's radical unpredictability is rattling....uh what do you mean "what's going on"?
Mnuchin: Great talk everybody. It's margarita hour on the beach here in Cabo, later my dudes.

 

[Engineer]

What a shit show. Hey cheeto (and OP), how's your 401k this year? Stupid fucks.

 

[IronWing]

What a shit show. Hey cheeto (and OP), how's your 401k this year? Stupid fucks.

Trump's a real estate guy. The stock market tanking means money is leaving the market and heading somewhere else, like real estate! He's so smart.

 

[Bitek]

I can't believe we're in for two more years of this shit.

 

[Engineer]

I can't believe we're in for two more years of this shit.

Down 'only' 360 today. S&P below 2,400 and Dow nearing the 22,000 level (near 5,000 points from the high).

Cheeto says Powell worst decision of his presidency. Says Powell making him look like Hoover.

 

[Commodus]

I can't believe we're in for two more years of this shit.

I can't help but feel that something's going to give, and it probably won't be the Democrats. Trump will reluctantly give in (likely after the shutdown has been running for far too long) and then rant about how the Democrats are supposedly weak on border security and that they'e the reason the wall won't be built, not a broader lack of support in Congress and the public.

 

[Engineer]

Dow down into 21,xxx territory.

 

[Hayabusa Rider]

Dow down into 21,xxx territory.

It's because Trump is being picked on according to Donnie. How robust an economy he must have created. He really has reached the level of dysfunction required for the 25th to kick in. No it won't but Trump has hit a trifecta of sorts. He can be criminally indicted, removed for being mentally unable to be President, and impeached.

 

[K1052]

Any bets on if Trump can manage to turn a stock slump into a credit squeeze?

I'd say the odds are looking pretty good at this rate.

 

[Jhhnn]

Shucks, folks. Investor class tax cuts are like a big ol' toke of crack cocaine for the markets. The going up is glorious euphoria. Nobody cares about coming down when they're going up.

 

[Jhhnn]

I can't believe we're in for two more years of this shit.

That's not a sure thing.

 

[Engineer]

Market attempted to make a small turn today (at least into positive territory) and the great orange toddler tweeted about the Fed again and down it went. Fucking moron.

 

[Mai72]

Is this a prelude to a much bigger picture? Are we in for a very bad 2019?

 

[Engineer]

Is this a prelude to a much bigger picture? Are we in for a very bad 2019?

Depends on if Wall Street funnels over to Main Street and kicks the economy in the nuts. CEO's #1 job is shareholder value....and if it's going down, given enough time, they will start cutting to push the stock price up. Cuts turn into gashes and next thing you know, the patient (economy) is on life support. All of this become a self fulfilling prophesy.

 

[K1052]

https://twitter.com/x/status/1077231267559755776

We're all so fucked but I can't help it:

 

[Engineer]

https://www.cnbc.com/2017/11/06/tru...market-is-so-successful-is-because-of-me.html

One year ago: "The reason our stock market is so successful is because of me". Now....he's spreading blame to everyone but him. At some point (if not already), the big money people who support the gop will dump the party if they don't dump cheeto.

 

[Commodus]

https://twitter.com/x/status/1077231267559755776

We're all so fucked but I can't help it:

At this point, the Republicans might agree to impeach and convict Trump simply because he's dragging down the companies that pay their meal tickets. There's not much point to hanging on to Trump if he's going to be their downfall by staying on. At least a President Pence gives them a more graceful exit.

 

[Sheik Yerbouti]

where the fuck is that shitbag slow?

 

[MomentsofSanity]

where the fuck is that shitbag slow?

It makes me so happy I can use that picture again.