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Re: Stock market close to where Obama left office. Trump managed in a couple of months to lose ALL THE GAINS! 

By: Decomposed in BAF | Recommend this post (3)
Wed, 26 Dec 18 10:15 PM | 386 view(s)
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Msg. 03444 of 06527
(This msg. is a reply to 03443 by Zimbler0)

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Zimbler0:

Re: "What is surprising, is that it took this long to have a correction from stock market bubble Obama inflated with 'Quantitative Easing' printed money."

The Fed is very powerful. If it plunders the nation by lowering interest rates, it can elevate stock prices. If it raises interest rates more than it should, it can create a recession any time it wishes.

That's precisely what it has done. While we aren't yet in recession, we WILL be in one soon if the rates don't come back down.

Personally, I don't really care. Recessions are a normal part of the business cycle. The market HAS to pull back every so often in order to shake off inefficiencies. Then it can continue to climb.

However, the Fed's behavior has all the trappings of a political move designed to weaken the President and I don't like that. It doesn't take a genius to see that that last interest rate increase was imposed at a really bad time. If there are any more increases in the coming year then we'll know for sure.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: Stock market close to where Obama left office. Trump managed in a couple of months to lose ALL THE GAINS!
By: Zimbler0
in BAF
Wed, 26 Dec 18 10:03 PM
Msg. 03443 of 06527

In the year 2000 we had the Y2K tech stock meltdown.

In 2008 and 2009 we had the sub-prime meltdown.

This should not be a surprise.

What is surprising, is that it took this long to have
a correction from stock market bubble Obama inflated
with 'Quantitative Easing' printed money.

Zim.


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