While no one would like this to be a true quote more than I, there are reasons to doubt its authenticity and I would prefer to have trump’s actual inanities on display. There are certainly enough of them.
Snopes also thinks the quote is likely a fabrication: Did Donald Trump Say the Sitting President Should Be Impeached If the Dow Jones Loses 1,000 Points in Two Days? | Snopes.com
Pete
Thanks for pointing that out, Pete. It seemed imminently believable, but I should have checked.
When the knife is on the ground it is not falling.
The rest is noise
@Goofyhoofy this is not a momentum market. Buy the dip? Hardly.
Then the question becomes, how long will it be on the ground?
Value trap: A value trap is an investment that seems attractively priced due to low valuation metrics but is actually a poor investment because the company is experiencing financial instability and has little growth potential.
DB2
OK, just a coda to the previous post. I’ve been weeding out the weaker hands in our portfolio the past couple weeks, today got rid of IMKTA and RDDT, and that should do it for a long time.
We are now 70% cash & equivalents, still holding things like COSTCO and BRK and XON and such. Got a bunch of laddered CD’s, and once the recession is here (pretty sure one’s coming, market volatility like it’s the end of the dot-com bubble, unclear political policies, tariffs maybe or maybe not, people starting to retrench, and tens of thousands suddenly out of work, yeah, I’m gonna book a recession for this year.)
Just a guess, as all of them are, but I’m going with my gut, which says choppy waters ahead.
There are no air traffic controllers in the towers, quite literally.
Goof you ok? You are talking to yourself.
I think we are in a recession now.
I think not yet, but US government policy is to induce a recession. So I don’t see how we avoid one at this point.
I checked, and while my googlefu may not be perfect, I could not find another example of a politically-created recession. Sure, there have been a few caused by inaction or by actions of the Fed but I could not find one that was a direct result of an elected political decision like this.
1893
1921
1922
1929
Tariffs
BTW this little budget sleeper can go seriously wrong. Fortunately we have…ofw
LOCK HIM UP with his budget folded until it is all points, and then stuck you know where…
A poster went snowflake–again. Guess who? LOL !!!