I think the media showed bias on the stock market drop on Monday

The lead on CNN was "the biggest one day drop in points in American history"


That simply is propaganda. If the story led that the percentage drop in the market was about 18th in American history, I think the glee of talking heads would have been laughable, but although the spin was truthful about the largest drop of points in one day, it was intentionally aimed at attacking Trump. I call the balls and strikes fairly, and CNN was way out of line last night and this morning before there was a market correction.

Presidents have little to do with the market. Interest rates however are very important, and when the deficit is one trillion this year almost double what President Obama had reduced it.......that debt does adversely impact the market. So that 65 billion dollar increase in defense spending, about thirty billion is borrowed and we are paying interest......Wall street knows where this will end up. Republicans my asz. These dixiecrats are f'ing up the country.

Every report I saw on CNN did lead with the largest point drop hype, but soon elaborated as to the actual percentage's not being that huge.  They also brought in experts to advise folks not to panic.

Nevertheless, since Trump has touted the stock market surge at every opportunity as all because of him and his policies, why not insist he take credit for its drop as well?

And frankly, at this point virtually any attack on Trump is well-deserved, since he attacks everyone and everything he can possibly think of all day long, and since he's a perfectly despicable individual who's ruining our nation at every turn.  

And now he wants a huge, destructive military parade down Pennsylvania Avenue, to compete with (and doubtless surpass) a similar parade he saw on Bastille Day in France that positively captivated him with its show of power? And the Pentagon seems poised to comply with this very costly and useless self-glorification move??   O.   M.    G.    PLEASE SOMEONE SAVE US from this moronic egomaniac!!!!!

I don't think it was officially even a "correction."

I'm keeping my powder dry.

RealLindaL wrote:Every report I saw on CNN did lead with the largest point drop hype, but soon elaborated as to the actual percentage's not being that huge.  They also brought in experts to advise folks not to panic.

Nevertheless, since Trump has touted the stock market surge at every opportunity as all because of him and his policies, why not insist he take credit for its drop as well?

And frankly, at this point virtually any attack on Trump is well-deserved, since he attacks everyone and everything he can possibly think of all day long, and since he's a perfectly despicable individual who's ruining our nation at every turn.  

And now he wants a huge, destructive military parade down Pennsylvania Avenue, to compete with (and doubtless surpass) a similar parade he saw on Bastille Day in France that positively captivated him with its show of power?  And the Pentagon seems poised to comply with this very costly and useless self-glorification move??   O.   M.    G.    PLEASE SOMEONE SAVE US from this moronic egomaniac!!!!!

You no understand what is good for you and usa state komrade Linda. We must show proper respect to our glorious leader in Washington/Putin kapital. Must give proper thanks to glorious leader komrade 45 and glorious red republikan party for installing new glorious leader. Please to listen and watch latest Fox News Pravda updates for official sanctioned news.

HAHAHA. You're G.D. RIGHT I don't understand.

The only parade I wanna see is a parade of perp-walkers.

It's ridiculous... no chance it happens. Pat the hair fire out.

RealLindaL wrote:HAHAHA.   You're G.D. RIGHT I don't understand.

Another 1000 point drop in stock prices and all the propaganda stopped as people realizes these shifts at 24k are not even near historical top events. Now if this goes on for a couple of weeks, it might be another matter. I can see the bubble of baby boomers getting out of the market from this scare, as they sell at fire sale prices as the bots move right in and take the profit. It is a crooked casino which I made a lot of money over fifty years, but it only takes one time for me to get burned by the casino.

We've been grumbling for several years about how slowly our 401K was growing because John Hancock invested it in "safe" bonds and other investments. They did that because we are in the old fart bracket. I guess we should be glad now- not much downturn in our retirement fund. Maybe they knew what they were doing after all.

And I agree that since Donald Trump has been bragging about the stock market for the last year, he gets to take the blame for it now.

bigdog wrote:We've been grumbling for several years about how slowly our 401K was growing because John Hancock invested it in "safe" bonds and other investments. They did that because we are in the old fart bracket.  I guess we should be glad now- not much downturn in our retirement fund. Maybe they knew what they were doing after all.

And I agree that since Donald Trump has been bragging about the stock market for the last year, he gets to take the blame for it now.

Bond rates will be coming up.

He had very little to do with the market. The fact he is taking credit for the same is all we need to know about that great education at wharton. However, retiring baby boomers may panic after today and start a chain reaction which could ultimately impact their nest egg. We lost more money in the 2008 market crash than most people earn in a lifetime. There were days I made five thousand dollars day trading corning. Buy sell.........until I went into the hospital in 2008 to get my lung removed......about a 25% drop while I had been in the hospital for a week. I then rolled my 401 K and bought a stupid amount of Corning thinking I would make a nice profit on the rebound. Within three months Corning had dropped 75% and I had lost an incredible amount of money. Fortunately, the real estate survived, but it was a massacre, so baby boomers who went through that five year nightmare are going to run. I blew this off as a correction, but we are now hearing of the usual suspects rigging the casino.......as if it will ever change.

EmeraldGhost wrote:Bond rates will be coming up.

Which, of course, means existing bonds and bond fund shares will be dropping in value, even though they generally act to counter stock and stock fund losses. All in all, diversified or not, we're screwed -- at least for now.

I'm hanging tight.

2seaoat wrote: Within three months Corning had dropped 75% and I had lost an incredible amount of money.

But did Corning eventually recover, or not?

Corning was a solid company. My partners and I started investing in it when it had dropped to three many years ago after a downturn as they were tenants in an industrial building I have in my retirement fund. I rode it up from three to 27 doing day trading all the way up. In the hospital it dropped from 27 to 21 where I knew with its glass in computers, tvs, and ceramics in diesel engines that the company had cornered many markets. What I did not count on was the world recession and the drop in demand. It dropped all the way down to 8 and with the illness now interfering with my work income, we began a semi retired state pulling funds out, and this morning I checked and almost ten years later(this july) and it is still 27. Good dividends, but I was done with the stock market.

I have one partner who he and his son are the biggest individual investors other than pension fund administrators and he bought at the bottom at one dollar huge amounts, and that bank is now worth almost 14 bucks a share. The bank has not issued a dividend in ten years, but its value has gone consistently up. Just like the Hunt brothers trying to take out the silver market, I just do not trust the stock market being for individuals. For my partner he wisely sought a regional bank without the wall street connections.

I would be lying that those massive losses did not hurt, but it is not by accident that I roll with the punches.......it has been a lifetime of such challenges, and sometimes you just giggle when chit starts happening. The industrial building really has saved my butt as it is returning almost nine percent to my retirement, but I really had hoped the sale would have happened in December when the buyers backed out......just shook my head and told my wife.....the chit just keeps happening.