Dow, Nasdaq log worst day since September as financial stocks crumble

I Love America said:
Two things at play. Fed raising rates and debt limit.

Fed has been responsible for the market for 8 years now. If you don't know that you are a financial illiterate
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Then why are you always taking credit for Rump when it goes up?
 
Althea said:
Historically...yes. This wasn't a 'dip'. Oil (thankfully) is crashing after trump's pro oil attitude has met with reality. Banking took a major shit due to the stalemate over the Anti America Healthcare Act.

Everyone in the market knew the Fed was going to raise short term rates. The market still had a bump the day before, and after. .25% on short term rates does little to effect the market in reality.
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The rate increase was already priced into the market. What will affect the market are the number of future increases they are projecting.
 
I wonder what Trump will tweet now?

He was all over it when the market was going up. Even said there was "no hope" in a "gloomy" world before he was elected.
 
Althea said:
Small banks are not being suffocated. I just spoke with my community bank's manager last week. Sure...D/F cost them a bit, but that was due mostly to compliance with notifications and implementing new policies. Creating new overdraft policy takes paper, and man hours.

Tell us which D/F regulations will remain.
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It's a huge cost to small banks. These regulations/costs are much easier for the big banks to absorb, hence the big banks supporting the legislation.
 
cawacko said:
The rate increase was already priced into the market. What will affect the market are the number of future increases they are projecting.
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Which will be tied to inflation. Crashing oil helps with that. This isn't a new concept in the artificial nature of Wall St.
 
cawacko said:
It's a huge cost to small banks. These regulations/costs are much easier for the big banks to absorb, hence the big banks supporting the legislation.
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Those costs have already been absorbed years ago. The big banks do NOT support D/F. They don't like the mandates for cash on hand if they are going to play the market.
 
Thing1 said:
I wonder what Trump will tweet now?

He was all over it when the market was going up. Even said there was "no hope" in a "gloomy" world before he was elected.
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He'll blame Congress for stalling Eddie Munster's ridiculous healthcare bill.

It's affecting their ability to give handouts to billionaires/corporations for now.
 
Althea said:
Those costs have already been absorbed years ago. The big banks do NOT support D/F. They don't like the mandates for cash on hand if they are going to play the market.
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that part they don't but the hurting of the small banks they do
 
Althea said:
Historically...yes. This wasn't a 'dip'. Oil (thankfully) is crashing after trump's pro oil attitude has met with reality. Banking took a major shit due to the stalemate over the Anti America Healthcare Act.

Everyone in the market knew the Fed was going to raise short term rates. The market still had a bump the day before, and after. .25% on short term rates does little to effect the market in reality.
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What is the link between banks and obamacare?
 
Yaya said:
If the markets are higher, I can guarantee you, that Christiefan would not make a thread about it.
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But Darth or NOVA will. And I can guarantee you that you won't post on those threads that you guarantee that either one of them wouldn't make a thread about the market going lower.
 
Yaya said:
If the markets are higher, I can guarantee you, that Christiefan would not make a thread about it.
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Why would I? My criticism is of trump congratulating himself for events that are largely out of his control, and never taking blame for anything ever.
 
Yaya said:
So Christiefan is a hypocrite.

Good one bro.
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You're just deluded enough to think everyone has to post according to your standards rather than their own. I have never pretended to be independent or impartial. I've always been a liberal. And I am never going to cut trump one ounce of slack because IMO he's the worst person ever to hold office, bar none.
 
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