At last check, my 401k had shrunk to a 273f.
So much winning …
Hillary is sabotaging the U.S. economy to make “Trump” look bad.
This is what comes of Democrats not applauding at the State of the Union Address. TREASON!!!
I’ve always wondered how you interview “the Market” to determine it is worried about inflation. How do we know it isn’t freaked out that Trump fired the Fed chair who’s been presiding over this glorious expansion because she had Obama-germs?
Teach Donald for mouthing off about how great he’s been for the market…
Don’t worry folks…You’ll see $1.50 more per week in your paychecks. Yeehaw!
Thanks, Obama!
I don’t even want to look. We are lucky to even have 401ks
U.S. Census Bureau researchers have come up with estimates that rely on tax data, which should be more reliable than surveys. Their conclusion: Only about a third of workers are saving in a 401(k) or similar tax-deferred retirement plan.
As I said on Eschaton, after another 1000-1500 point drop, I can guarantee that the “Trump Miracle” will turn into “The Obama Economy”
Me neither.
Actually, I think the correct term is “Obama-cooties”. This is a well-known affliction that the Republicans have been trying to protect us from for years:
https://www.commondreams.org/views/2008/10/20/republicans-embrace-cootie-effect
Reminiscent of W.s various market failures - first sets of staggering drops were around the time of the implosions of Enron, Worldcom, etc. Something about Republican Presidents hellbent on deregulation of everything, and shady tax cuts for the rich which seems to lead to - volatility. Hmmmm.
Yeah really, the good stuff is from Donald, the bad from Obama, Hillary, the minority democrats, and Muller’s fake memo investigation!
All I can say is beware of whatever explanation is given for what’s happening from any stock market TV “expert” right now. I’ll never forget when the housing bubble burst, these same assholes were talking about how the fundamentals were strong…including if you recall, John McCain in 2008. You gonna get a lot of confusing statements about what happened to trigger this…all plausible but probably all wrong…
The head honchos see the opportunity and sell out when they know they can get away with it!
Expect more like this
Yeah. That guy really inspires confidence in a potential stock market crisis or any economic disaster, doesn’t he? Oy.
The Dow recouped about half that loss within minutes, but its gains for the year were still gone as of late afternoon.
Buyers charged back in and limited the damage, but at the closing bell the Dow was still down 1,175 points, by far its worst closing point decline on record.
[source: Dow plunges 1,175 -- worst point decline in history]
The drop amounted to 4.6%.
Winning!
Thank goodness these speculators and such got that big sexy tax cut, because I’d hate to see them lose any real money and be traumatized by having to eat their caviar with plastic spoons. Heaven fucking forbid!