When your President is stupid enough to criticize the Fed for doing exactly what his appointee said he was going to do... you just have to roll your eyes in disgust and get back to your favorite drink
Dow down 830 points
- Thread starter twenty02
- Start date
When your President is stupid enough to criticize the Fed for doing exactly what his appointee said he was going to do... you just have to roll your eyes in disgust and get back to your favorite drink
Vol is only going to increase as the Fed continues to tighten.
October has not proven to be a very good month for Wall Street. I can hardly wait for next week.
https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crash that occurred in late October, 1929. It started on October 24 ("Black Thursday") and continued until October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange collapsed.
https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
The Wall Street Crash of 1929, also known as the Stock Market Crash of 1929 or the Great Crash, is the stock market crash that occurred in late October, 1929. It started on October 24 ("Black Thursday") and continued until October 29, 1929 ("Black Tuesday"), when share prices on the New York Stock Exchange collapsed.
I heard some guy on Bloomberg talking about how we've had 94+ drops of 10% or more since 1926. Guess how many times we didn't recover?
I thought we were told tax cuts would make the deficit go down and the market go up. 
Instead it has been the opposite.
Instead it has been the opposite.
Part of it genuine uncertainty regarding a host of things (trade wars, monetary policy, emerging market turmoil, weak earnings and lower guidance, election, etc.). But people don't realize that we weren't living in a vol free world until QE. Now that money supply is tightening, its natural to expect more vol according to almost any macro guy that has discussed the relationship between vol and monetary policy over the past 8 years.
What?
Don't you believe your own president? The past stock runup was due to his brilliant leadership! How many times has he bragged about it?
Following this logic, he should own this Fall's stock market sinking. However, common sense tells me that he will blame Obama and Hillary for the fall.
