The market makes the news...the news doesn't make the market. Who cares how its spun/not spun? Do you really think institutional investors look to the newspapers to make their decisions? All of the major indexes have lost support of the February 2018 lows and have given no indication that a bounce is coming soon. What is interesting is that last week's sell off came on very high volume yet the selling has been reasonably orderly. IMO that suggests that we need a massive spike in volatility for this move to end.
Regardless, Diaper Don claimed ownership of the markets last year as we approached the longest market expansion in history. So, I think it's only fair that he accept ownership of this sell off, irrespective of why it's happening.
I am sure that you will follow up with another ad hominem because I embarassed you in the past. Your insecurity motivates you to highlight your perceived expertise in the market which is not even the point of this discussion. Further, you descend into the intellectual abyss with your name-calling (Faux News), yet if you had read and comprehended my posts, you would have realized that this was part of my actual point.
You try hard, i'll give you credit for that.
And Reuters (in this case) merely reports the steps Trump is taking to address market concerns after a horrible week n the setting of a fed rate hike at a difficult time and the specter of more hikes on the horizon”
My read on this is that 1) Trump is trying to do something to calm the market, and that 2) there are differing opinions on whether this will help or hurt the situation - we don’t know yet, but will soon see,
And 3) the WaPo and MSM are clearly hoping for the worst for Trump even if it is bad for the country, and their headlines seek to push along the panic in any way that they can while 4) Fox will try to cover for Trump regardless.
It takes constant vigilance and the help of others - even from those on the other side of the aisle on this board sometimes to avoid being manipulated by the media these days.
And Bloomberg.com is not liberal.
It’s akin to randomly telling your wife you’re not cheating on her when she wasn’t thinking you were. Well, now she is.
No one was worried about liquidity. No one was worried about margin calls. It was and is mystifying. And the markets reacted poorly because of it.
“angry liberal imagination section” to get that interpretation?
You do bring up an additional aspect of the problem I was addressing, namely that hyper partisan zealots are going to hear what they want to hear - even when it was never said.
Link: https://www.bloomberg.com/news/articles/2018-12-23/mnuchin-called-top-u-s-bank-executives-about-market-stability
Everything is fine
You would think they could both just STFU. Sure, the markets were overdue for a correction. But do those two idiots think they are helping anything?