Call from Cabo Wrote:
-------------------------------------------------------
> rising bond rates, rising interest rates and trade
> wars all coming after a near record period of 8
> years of growth in the economy. It would be
> unusual to not have a downturn at sometime in the
> near future. Unfortunately increased deficit and
> reduced revenue to the Treasury will make any
> recession longer and deeper.
>
> Democrats control none of theses factors. Trump
> has certainly added to the Deficit, reduction of
> revenue and of course 'Tariff Man' Tariffs. The
> mid terms would be the least of factors in any
> consideration of the market decline. Also todays
> decline is largely a result of Sec. of Treasury
> announcing he called all US banks from his island
> vacation spot on Sunday to assure us they are
> still solvent! No one questioned that until this
> unusual announcement. Dow Dropped 300 points on
> opening today.
>
>
And yet, all of these things have been there for many months. Yet, it was the day after the elections this past November, when THE ONLY THING that changed was the democrats winning the House that the slide started and, unlike the past 22 months, have not recovered at all. Rare one day rebounds that are obviously large market manipulators trying to make a quick buck.
No skippy, this is 80% because the dems won the House and have injected massive uncertainty into government and the free markets.