White House Issues Statement On Today's Historic Market Crash

[DamianTV]

https://www.zerohedge.com/news/2018-...c-market-crash

Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news.

So, as many expected, the White House issued a statement after the close, commenting on today's market crash.

Predictably, there was little commentary of the "day to day" moves, and instead Trump deflected by pointing out that he is now focusing on the economy's "long-term fundamentals" instead.

Full statement below:

"The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers. The President’s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people.

Translation: Trump will never again tweet about the market.

Related Thread in Economy Forum:

Dow Plunges Almost 1200 Points Today ….In Biggest-Ever One Day Drop
http://www.ronpaulforums.com/showthr...r-One-Day-Drop

This belongs in General Politics due to Political reaction, even if cause is economic.

But but but, Everything Is Awesome!!!1!11!1!!!!1!!!! ... and where's Zippy?

[Zippyjuan]

https://www.zerohedge.com/news/2018-...c-market-crash



Related Thread in Economy Forum:

Dow Plunges Almost 1200 Points Today ….In Biggest-Ever One Day Drop
http://www.ronpaulforums.com/showthr...r-One-Day-Drop

This belongs in General Politics due to Political reaction, even if cause is economic.

But but but, Everything Is Awesome!!!1!11!1!!!!1!!!! ... and where's Zippy?

Point wise it was the biggest drop ever- but in percentage terms, it barely made the Top 300.

https://www.marketwatch.com/story/do...300-2018-02-05

Dow's percent decline barely cracks the top 300

The Dow Jones Industrial Average DJIA, -4.60% has bounced nearly 750 points off its low, but was still down 849 points to be on track for the biggest point decline in the index's 121-year history. At the intraday low, the Dow was down 1,597.08 points. The current percentage decline of 3.33%, however, barely cracks the top 300, to put it around 291st, according to FactSet data.

[kahless]

DOOM! The market is back to where it was only a month and a half ago. oh the humanity.

[nikcers]

DOOM! The market is back to where it was only a month and a half ago. oh the humanity.

I guess it depends on how you measure it. The market was trending upward only a month ago...

[dannno]

I guess it depends on how you measure it. The market was trending upward only a month ago...

Lol, 1 day constitutes a trend?

[nikcers]

Lol, 1 day constitutes a trend?

Last month it was trending upward for more then one day.

[DamianTV]

Lets make sure people understand what I am not saying. Im not saying "this is the big one" or "the whole thing is now collapsing", only indicating that these things would not occur with Sound Money. There is a "Big One" that is coming, but this isnt it. This news article only shows that there are structural flaws in a monetary system that can NOT be sustained. This is just a crack in the wall.

[kahless]

I guess it depends on how you measure it. The market was trending upward only a month ago...

It was sarcasm. Even with the drop were still at historic highs. It could drop over a thousand points for a few days and it would still be in 2017 territory.

[nikcers]

Lets make sure people understand what I am not saying. Im not saying "this is the big one" or "the whole thing is now collapsing", only indicating that these things would not occur with Sound Money. There is a "Big One" that is coming, but this isnt it. This news article only shows that there are structural flaws in a monetary system that can NOT be sustained. This is just a crack in the wall.

This is more like the air being let out a little on the bubble. This is definitely enough to shake confidence in the market, its going to cause people to divest.

[RonZeplin]

Ron Paul was right, she's gonna blow! End the FED.

[nikcers]

It was sarcasm. Even with the drop were still at historic highs. It could drop over a thousand points for a few days and it would still be in 2017 territory.

Right, my post was sarcasm, atleast Trump was honest when he was running for president he said that 2016 was a bubble. Now that 2017 is an even bigger bubble you think the confidence can be rocked and people won't take their money and run. I wouldn't be surprised if the FED can correct this, but you can't possibly think that the fed can correct mal investment every time and the bubble can just keep getting bigger right?

[XNavyNuke]

Bot traders are controlling the spinning wheel.

https://m.youtube.com/watch?v=5Xv8nYvolwY

XNN

[kahless]

Some have speculated market manipulation. The timing is suspicious. Fake Russia investigation exposed for what it is, Dems exposed, possible prosecutions coming and globalists not getting their way through legislation. Next tactic is to tank the economy to give the Dems an edge in November.

If the Dems control either chamber they could create another obstacle to Trump's agenda, and possibility impeachment. It would also give them control of congressional committees, with the ability to conduct oversight of the administration and issue subpoenas.

The problem is if this collusion could be proven who would lock up the elites.

[TheCount]

In this thread, kahless and dannno will be playing the role of Zippy in 2015...

[timosman]

Ron Paul was right, she's gonna blow! End the FED.

Is it time to buy silver?

[timosman]

In this thread, kahless and dannno will be playing the role of Zippy in 2015...

Don't worry. You are still the top candidate for the role.

[nikcers]

Some have speculated market manipulation.

[kahless]

[Origanalist]

Bot traders are controlling the spinning wheel.

https://m.youtube.com/watch?v=5Xv8nYvolwY

XNN

Yep.

[timosman]

Does Trump know how to use the Plunge Protection Team?

[oyarde]

Is it time to buy silver?

I would have got some at 15 if I did not have any .

[kpitcher]

Trump actually had it right.. from his SOTU "The stock market has smashed one record after another". Now we get a new record for the largest point drop

[oyarde]

Dow futures at -431 , so , probability could go below 23K tomorrow . S & P and Nascrap look flat .

[oyarde]

So how many paper dollars have gone up in smoke ?

[oyarde]

A simple 20 percent correction would take it from 26K to 20K . Or , nearly the past three years of gains I think .

[timosman]

A simple 20 percent correction would take it from 26K to 20K . Or , nearly the past three years of gains I think .

Let's do it. Blame it on the Deep State. Bwahahaha.

[dude58677]

Is it time to buy silver?

[Anti Federalist]

Bot traders are controlling the spinning wheel.

https://m.youtube.com/watch?v=5Xv8nYvolwY

XNN

This.

Real market forces, supply and demand and real worth are irrelevant anymore.

Up or down, these markets are a fantasy, a computer enhanced hallucination.

[Zippyjuan]

Lets make sure people understand what I am not saying. Im not saying "this is the big one" or "the whole thing is now collapsing", only indicating that these things would not occur with Sound Money. There is a "Big One" that is coming, but this isnt it. This news article only shows that there are structural flaws in a monetary system that can NOT be sustained. This is just a crack in the wall.

How would stock prices behave with "sound money"? Would they always be the same? Would they always go up? Always go down?

[timosman]

How would stock prices behave with "sound money"? Would they always be the same? Would they always go up? Always go down?

You used "always" 3 times in 3 questions. Are you trying to be tricky?