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Dow drops 300 points amidst Trump WH kaos

PerfectStorm said:
You do realize the Dow is up over 12 percent since election day right?
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See post #50. Presidents, such as Reagan, were measured between January 20, 1981 and January 20, 1989 .
 
Mycroft said:
Where do you get this "WH Kaos" from? What WH Kaos? I don't see the White House in chaos...but I do see the Mainstream Media frothing at the mouth like a pack of rabid dogs.
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You are funny. I guess in your brain Trump isn't in a daily scandal of his own making, leaked to the media by his own staff or tweeted to the world by the man himself. I guess the mainstream media is the one making a big deal about Trump accusing Obama of illegally wiretapping him and refusing to give any evidence despite every intelligence agency denying the claim. I guess it was WaPo's fault he tweeted out that he might have secret unreported tapes of his conversations with Comey that legally would have to be part of the public record. I guess its the NY Times fault his staff lied to Congress and publically to the Vice President about contact with Russia. Yea, man. Its TOTALLY the MSM's fault.
 
Hawkeye10 said:
When it becomes clear that the elite are willing to burn America down to get Trump a lot worse than a 2% drop will be had...maybe we get our next depression early.
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Oh, forgot. It's the elites' fault Trump is giving away classified information to the Russians. Now it all makes sense, thanks.
 
ttwtt78640 said:
IMHO, Trump has overestimated his ability to herd republicant congress critters. It is becoming apparent that Trump's tax reform (promise or dream?) is very unlikely to happen. The "Trump bump" based on the optimism of republicant economic miracles coming from our congress critters appears to be fading.
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I agree that trump overestimated the republicans in congress.

They exist to serve the washington establishment and any threat to business as usual is a threat to them.
 
ttwtt78640 said:
They seem to see that being "the party of no" is the only option (as a minority in both the Senate and House with a republicant POTUS) they have left. Whether that is out of fear that Trump could get congress critters to change things (for the better?) or whether they really think that things are fine now is anyone's guess.
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Things are fine for their first love - themselves.

Nothing else matters
 
Markets stabilized today.

My guess is the independent prosecutor announcement had a great calming effect....among other things.
 
Dow over 20,800, up 142 points today. Glad I didn't sell.
 
The market has fully recovered as 5/24 and here is a bold prediction from a nobel-prize-winning economist:

Nobel Prize-winning economist Robert Shiller believes investors should continue to own stocks because the bull market may continue for years.

CNBC's Mike Santoli spoke with Shiller in an exclusive interview for CNBC PRO. Santoli asked Shiller about his market outlook.

"I would say have some stocks in your portfolio. It could go up 50 percent from here. That's what it did around 2000, after it reached this level, it went up another 50 percent. So I'm not against investing in the stock market when you consider the alternatives. But I think if one wants to diversify, US is high in its CAPE ratio. You can go practically anywhere else in the world and it's lower," Shiller said. "We could even set a new another record high in CAPE, that's not a forecast."
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https://finance.yahoo.com/news/nobel-winner-robert-shiller-stay-200519075.html
 
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