Thanks, Obama…
“Market indices” ≠“stocks.”
Still a long climb left before it can be called a recovery. There is plenty of time for Trump to say or do something else really stupid.
Steve Mnuchin and wife check out their new toilet paper.
The stock market sharply declining then sharply gaining is not particularly comforting.
If you look at the YTD on the markets, you’ll see that they plunge, then come back up aways, then plunge again, etc. It’s kind of a sawtooth effect. But the overall trend has been down.
I’ll bet they’re the two most relieved people in America right now – they were facing the prospect of not being allowed to roll in money again.
But don’t worry. You can opt-out.
I am not much on conspiracy theories, but I sometimes wonder if these patterns are at least in part intentional. Cause a big dip. Scare off the small-time investors who bail out and lock in their losses. Buy back at bargain prices. Repeat as necessary.
It’s as useful to talk about a single day’s performance of the stock market as it is to forecast climate change based on today’s weather. It’s longer term trends that are important and not looking good in both cases.
All is well.
Until tomorrow.
It’s like measuring the happiness of your marriage based on last night’s sex.
It’s hard to take this market seriously.
Markets: how do they work?
So … Toadglans leaves to Iraq and the stock market recovers? Interesting.
I wonder if it was due to speculation that his plane might be fortuitously shot down?
Trump awarded contracts last week to build a new stock market. It’ll be 115 miles long, and 20 feet tall. It’s easy.
“U.S. stocks surged Wednesday, recovering all their losses from a Christmas Eve plunge and placing the market on track for its best day in nine months.”
“After plunging from the sky, pieces of the Hindenburg bounced, briefly reversing its downward trend.”