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The recent decline in the stock market is Obama's fault....

Discussion in 'U.S. Politics' started by PLC1, Feb 7, 2018.

  1. PLC1

    PLC1 Moderator Staff Member

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    ...according to Sean Hannity:

    Yup. Sean Hannity Found A Way To Blame Obama For The Stock Market Drop

    Yes, folks, that's right. When the stock market goes up, it's Trump all the way. When it goes down, it's Obama, or maybe Clinton...even Bill Clinton for some reason. It has to be a Democrat, of course.
     
    Walter likes this.
  2. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Have you ever seen a Republican/right winger, take responsibility for anything?
     
  3. Dawkinsrocks

    Dawkinsrocks Well-Known Member

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    Obama inherited an economy that was in the toilet

    It was out there by industrial scale fraud by the banks and mortgage lenders under Bush

    He turned it round and left Trump with a record breaking stock market and employment

    Which Trump is now destroying

    That is fact

    Republican don’t care about US citizens

    Just the billionaires

    Who always win

    If retardlican voters could get their head out of their ass and get some news from sources other than Fux News they would realise this and stop voting like turkeys for Xmas
     
  4. The Scotsman

    The Scotsman Well-Known Member

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    has trump claimed credit for the dip on twitter...?...Market crashed great news for Americans great news for America.....errrmmm......
     
  5. Lagboltz

    Lagboltz Well-Known Member

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    So if Obama is at fault for the stock markets swing, he must have been responsible for the tremendous rise in all of 2017.
     
  6. BigRob

    BigRob Well-Known Member

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    The market is currently what...5% off its record high? People need to calm down. So what if the market falls over 1,000 points in a day. Markets get overvalued and markets correct themselves.

    At some point the market is going to actually crash and we will see a real correction - that is inevitable. Hannity is an idiot, and people who point to the day to day movement of the stock market as an indicator of anything are idiots as well.
     
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  7. PLC1

    PLC1 Moderator Staff Member

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    Hannity may not be an idiot, but the people who hang on his every word certainly are. He's making a bundle off of his nonsense.
     
  8. The Scotsman

    The Scotsman Well-Known Member

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    I thought that was the basis of US news programs? Commoditised information packaged in neat soundbites so as not to interupt the flow of commercials....or am I being cynical?
     
  9. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Republicans never take responsibility for their failures, just for others successes.
     
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  10. PLC1

    PLC1 Moderator Staff Member

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    Yes.
    But cynical doesn't necessarily mean wrong.
     
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  11. Openmind

    Openmind Well-Known Member

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    Another down day! 567 points down. . .another 2.3% down!
    While it is true that one shouldn't be looking at day to day variations, when one looks at the 10 day variation. . .it is not looking good!

    I wonder if it is a fabricated crash. Since 10% of the wealthiest people in the US own (at least in December 2017, I bet it is higher still today) 83% of all stock, how easy would it be for the top 1%, or even the top .1 % to collude and arrange a huge sell out of THEIR stock. . .only to provoke a general buy out. . .so they could then buy MORE of the stock at the lower price.

    I believe this is the way the top 1% is consistently increasing their share of the stock market. Eventually, the stock market will be nothing more than their way to enslave the labor market and to continue to buy the country through buying the elections.
     
  12. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    Whether the market goes up, or down, the 1%, and the hedge fund owners, will profit. The average worker will lose in his 401K, and pensions, and still the right wing will sing the praises of Trump, and his kind.
     
  13. Openmind

    Openmind Well-Known Member

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    You are correct, unfortunately!
    But my question is: Could this be another planned grab for an ever larger portion of the stock market by a small group of hyper wealthy people?
    I know. . this sounds like another conspiration theory. But I have been thinking about that since 2008, and I have not heard any reason why it would be impossible to accomplish.

    I wonder if there is an on-going collection of statistics indicating which group of people begin those major sell-offs, and which group of people begin the rebound when it begin.

    Does such data exist anywhere? Is it public data if it exists?

    It is obvious that we know who really owns most of the stock: the top 10% owns 84%! But then, is it that far fetched to believe that those who own the most (let's say, the top 0.1%) could actually manoeuvre to grab another 4 or 5% of the stock market by triggering a major bear market, then picking up the pieces and thus triggering a bull market?

    By the way, it seems that my first report was underestimated by ½, since we are now down over 1,000 points or over 4% in one day.
     
    Last edited: Feb 8, 2018
  14. dogtowner

    dogtowner Moderator Staff Member

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    Unprecedented gains are going to have comparable corrections.
     
  15. Old_Trapper70

    Old_Trapper70 Well-Known Member

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    And Trump will say nothing unless the market goes up even higher, and then he will take credit once again.
     
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