OT Stock market has largest single day drop ever! 1175 points.

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Its all related to the Federal Reserve.

The stock market is tied to FED interest rates and their QE programs and they indicated they will start normalizing rates. The previous Fed Chairs have simply been kicking the can down the road. Its time to pay up.
 
SportsAndWhine said:
Kill him before he can change his will.
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Fake a heart attack or poison? Seriously, I do worry when shit like this happens. I'm super close to a few select family members and not so much with many others.
 
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BrianFromWA said:
You guys who have stock market leverage are fucked. I, on the other hand, just invested my life savings into bitcoin miners. MUHAHAHAH!
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Should have waited until they turned 18.

barfo
 
I saw this coming and moved half my retirement funds into an interest bearing account last month...whew...dodged a bullet....I tried to ride one of these out in the Bush era and lost a lot of my savings...fool me once
 
riverman said:
I saw this coming and moved half my retirement funds into an interest bearing account last month...whew...dodged a bullet....I tried to ride one of these out in the Bush era and lost a lot of my savings...fool me once
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Cash in the bank! Me too. And I would like to see some interest paid.
 
Beautiful Central Oregon Real Estate will give you about a 15% - 30% profit each of the years Trump is in office.

Seriously, huge things are happening here.
 
I will say, though, that I'm not a fan of the dichotomy on communication. By all means take credit when the market is bullish b/c of your policies, but I would've expected something, formal or informal, along the lines of:
"Yes, the market went down today. Bigly. And it still may do more as we roll back years of bad fiscal policy. But the legislation we're putting in place makes us all on a more solid footing long-term. Day-to-day market fluctuations and correction are not what my economic team is worried about." or something.

I'd guess (though I don't even pretend to be a macroeconomist) that, with more cash in the public's pocket, interest rates will start to climb and make bonds more atractive than lower-dividend stocks at high P/E ratios, which will lower stock prices even further. Again, I don't think we're going to drop all 42% gained since election night, and I think more cash for consumer is good (now, if we could work on less/better spending by the gov't...) but to not be talking about it is, suboptimal.
 
MARIS61 said:
Beautiful Central Oregon Real Estate will give you about a 15% - 30% profit each of the years Trump is in office.

Seriously, huge things are happening here.
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Do you personally guarantee that as a real estate agent? If so I will buy.

If not, well, an investment in barfo chili (Denny Crane likes it! Hey Denny!) will go up 50%-100% every year from now to eternity.

barfo
 
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