I don’t really have any idea what I’m talking about, but I have a pet theory. Sure, all the economists and economics reporters and the eggheads who show up on Marketplace all say it’s a correction or profit taking, or some other perfectly sensible opinion probably backed up by things like “studies” and “statistics” and :expertise". Bah! My theory, backed up by my gut and my partisan biases, is that we’re headed to a government upheaval and possible Constitutional crisis, as well as possibly a war on the Korean Peninsula. I don’t think any of those things are going to help the market. Getting some cash out now might not be a bad idea.
Back to the clusterfuck. We all know that thump has the attention span of a goldfish and hates to read, so this article is no surprise:
Breaking with tradition, Trump skips written intelligence reports
Yeah, we knew this. But what about this comment, from waaaaay down in the long article:
WTF? We know he’s not going to read it, but let’s not even tell the president important shit because it might upset him?
*From that article: “U.S. officials declined to discuss whether the stream of recent intelligence on Russia has been shared with Trump. Current and former officials said that his daily intelligence update — known as the president’s daily brief, or PDB — is often structured to avoid upsetting him.”
You are talking about a private company. That’s a different beast.
I am talking about public. I am talking about when you leave your house, drive a block, then talk to the guards at the checkpoint as to your reason for leaving your neighborhood.
The economy is all about confidence, so as long as everyone is confident that the economy is doing fine, it will be.
That’s the reason for all these assurances. If they were up there saying, “We’re all doomed! Sell, sell, sell!” then we would be.
I am concerned that the fundamentals of the market are not as healthy as they need to be to tend to their own devices, and that it does require active monitoring by the fed in order to keep the economy going correctly. I don’t know how much confidence I have in the fed, especially since several members have not been appointed yet.
Everyone is just trying to keep a brave face, hiding the terror of falling through the exceptionally thin ice we tread upon.
OK, then he is not the President. I mean, if they are worried about hurting his feelings or making him anxious, thereby withholding important information from him, they are running the country, not him. Why the fuck is he even there?
It’s not important information. It’s just security briefings that would let him know what is going on around the world and in the country. Why would he need to know those sorts of things?
I wonder if the reason that Trump wants the briefings read aloud is because he knows the Russians slipped a bug into the oval office during one of those photo ops with the Russian media?
Ooooo…clever. But I think you’re giving thump too much credit for being able to see beyond the end of his … um, nose.
That’s why it was a suggestion from his обработчик.
It’s not just his ties to the military; it’s the most militarized cabinet in memory. Kelly, Mattis, McMaster, and others are capable of taking steps to bring us closer to the point of removing civilian control of the military. And if you think the a little piece of paper known as the Constitution and federal judges can stop them, think again.
A lot of this is related to algorithmic trading, with computer bots racing each other to the millisecond to execute a trade faster than the next bot trader. Depending on the algorithm, if the bots detect movement in sufficient quantity, maybe they all are set to move at the wrong time and a sell-off begins. These very same forces can trigger a buy back in a day or two.
I think it’s because he’s functionally illiterate, added to an attention span shorter than a gnat’s.
WeRe: the market, keep in mind that we have had huge, sustained and accelerating gains in stock prices while overall economic growth has just plodded along. P/E ratios we’re around 23, which is historically high.
The pullback might be simple gravity.
Betsy DeVos is hurt, ***hurt ***that anybody could possibly think she doesn’t have the best interests of the students at heart.
This. There was no solid reason for those gains. Market Correction is a completely appropriate term here.
Yup, I pointed that out a few days ago. 150 year average P/E is 16.8. We’d need a 30% correction to get to “average”.
Or, we could get more money in the hands of people that spend it in the economy on consumer goods, increasing the earnings of these companies, and bringing down the P/E ratios by increasing earnings, rather than decreasing price.
Ahahahahahahahahaha!
Say, what are you? Some kind of Communist? Why do you want to turn The United States of America into North Korea? :dubious: :mad:
I do it for the vodka.