Is the Dow drop going to kill the "Republicans SURGE toward Mid-Terms!" talk?

[Aristus]

I sure hope so.

[NightWatcher]

1. I hope it falls enough to trigger the trading circuit breakers at 7% and 13%

I hope that it quickly rebounds after the Dems take over at the end of the year, but I'd love to see all of the gains that we've seen in the past year wiped out before then.

I hope DU'ers are safe and will be ok if they have money in the market. I'm not advocating anarchy or a crash but I want a huge downtick to hurt trump and give him nothing to talk about this year.

[MichMary]

3. "I'd love to see all of the gains that we've seen in the past year wiped out before then. "

Oh, yay! Seniors are losing their retirement funds!! Parents are losing their kids' college accounts!! Fuck the middle class!!!!!!!!!!!!!!!!!

[NightWatcher]

5. "I hope it quickly rebounds" if you're going to read, read it all.

A temporarily shitty Market hurts trump and helps us in November. I want it to rebound after it hurts him.

Don't cherry pick one line when I say repeatedly that I don't want to hurt anyone.

[mythology]

7. Except there's no way for your fantasy to happen

Rooting for widespread harm, even temporary widespread harm is silly.

[MichMary]

8. Yup. n/t

[MichMary]

9. Alrighty then

"I hope that it quickly rebounds after the Dems take over at the end of the year, but I'd love to see all of the gains that we've seen in the past year wiped out before then."

You want the DOW to drop almost 5,000 more points, and stay there.

Even if the Dems sweep the entire HOR in November, they won't take office til January, so what you are hoping for is a 10-month slump. Do you know what that will do--not only to the stock market, but to the entire economy, the entire country?

And, then what? After January, Trump will still be president. Impeachment will probably happen, but removal won't. It is mathematically impossible for the Dems to do that without R support. Which. Won't. Happen. If the market goes up because of a Dem Congress, Trump will still get credit.

So--are you hoping that the market slump continues til January 20, 2021?

[NightWatcher]

12. Never fucking mind then. The gist of my post was I want trump to fail

He seems to like linking his effectiveness with the Dow.

You know what I meant but felt like nitpicking anyway.

I hope your portfolio swells so much that you want to vote for repukes in the mid and trump in 2020.

You know damn well that I wanted it took look bad for repukes as we head into the summer, five or six months would suffice.

Jesus, just feel free to ignore me then.

[MichMary]

14. It's possible to want Rs to lose without hurting the rest of us

Look, I understand that you want Dems to win in November. So do I. It is highly likely to happen, regardless of what the DJIA is.

MY point is that it is possible to want things to happen without wishing bad crap on people. I believe in karma. And from a purely practical point of view, this site is watched by *ahem* certain other sites, and this kind of thing makes us look really, really bad.

Sorry if I overreacted. DH retired in December, and we have a nice little nest egg that, hopefully, will allow us to live comfortably for another 20 or 30 years. The kind of thing you were wishing on the country will hurt us personally, as well as millions of others.

[NightWatcher]

18. It's a crazy balancing act. I know people closer to retirement who are being conservative in their

investments.

I'm in the other boat of trying to go from paycheck to paycheck and build a business that will last.

I don't want anyone to hurt. I'd be super excited if aliens would just come and suck up every republican onto their ship, but I doubt they will.

From what I've read today trying to educate myself, it looks like a lot of things are coming to a head with inflation and the bond market.

Good luck and hold on.

[global1]

2. Need To Hang The Downturn On Trump - Call It....

the Trump Crash and keep referring to it as such.

[lagomorph777]

4. Well, we now have the market response to the Tax Scam kicking in.

And a fantastic Dem talking point.

[GusBob]

6. If the Dow continues to drop tomorrow

The words "Nunes memo" will be last weeks news if they ain't already

It is important to note that many elderly and near retirement folks who are hanging on their 401retirement funds will be taking things in a very personal perspective if the market continues to slide

I think a lot of these folks are Trump supporters

[NCDem777]

10. I know it sounds sick but

Maybe we seriously need another depression. We're so far removed from it that Libertarians and conservatives have rewritten history to make government the bad guys and gotten people to believe that if the government sat around and did nothing, everything would have been just fine. The church would have rallied to help the needy!

It's obvious talking won't drive the point home to rank and file Republicans. They'll need to see first hand that in a crisis situation, the pastors and the captains of industry will be out of town faster than a Rabbi in Gaza.

[edhopper]

11. We had that chance in 2009

Obama and the Dems decided against be Roosevelt and the New Deal.

A lost opportunity.

[BannonsLiver]

13. Congrats on the pant load of the day.

[MichMary]

15. Oh. Dear. Goddess.

Yes, it sounds sick. More than that, it is sick.

I want Ds to win as much as you do, but I am NOT willing to consign millions to poverty in order for that to happen.

[Motownman78]

16. Unfortunately, as history has shown

that consigning millions to poverty is the only thing that opens people's eyes in this Country. It sucks, but there it is.

[NCDem777]

17. This is about more than elections

Last edited Mon Feb 5, 2018, 09:13 PM - Edit history (1)

Half this country is stuck in this Libertarian fantasy land where everything will work out absolutely fine UNLESS the government gets involved.

You can't talk them out of this no matter how low of a grade level you speak to them at. They'll call you elitist. No matter how nicely you talk to them, they'll say you're being mean. There are no stats you can show them. Any stats that disprove their conspiracies is fake news.

I think we're at the point where the only way is if it becomes real is a crisis.

[kurtcagle]

19. The Start of the Trump Recession

What will hurt Trump most is that he made the make of OWNING how well the economy is doing. I've been predicting a stock market rout for a while now (about four years) for Q1 of 2018, and I think it would have hit even if Hillary had been in office, so today I am feeling a certain degree of vindication. Had Trump and the GOP been smart, they would have been better taking a wait and see attitude on the economy (and held off on tax cuts for a couple of years), at a time when they would have actually done some good. Instead, they may have had the opposite effect of actually precipitating what may have held off until after the mid-terms.

I'm not terribly sympathetic to those people who are vested heavily in the market right now. The collapse of Bitcoin late last year was a pretty strong signal to me that we were at or near the top. Bitcoin and cryptocurrencies are the twenty-first century's tulip bulbs. The market has risen by almost eight thousand points since the election, largely upon expectation that the GOP would bring their magic mojo to the economy (despite fifty years of being proven wrong). In three days, it's lost 25% of that. If 2008 is any guide (and I think it is), most of the rest of it will be lost in the next two months, as people who are obscenely over-leveraged are now scrambling to cover by selling everything else they own.

I suspect that if I was a Republican in Congress right now, I would be seriously thinking about retiring about now.

[NCTraveler]

20. I have yet to see that argument being made in any intelligent manner.

So I doubt it will stop.