So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate
and the stock market plunging earlier this week?

I do not believe it is a coincidence.


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On 07 Aug 2024, Mike Powell said the following...

So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive
candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

There is a connection.... and the rally after the debate was attributed to Trump's masterful debate skills... Small Cap and Mid Cap companies rallied best because they knew corporate welfare was over.

There will be a global recession like no one has seen in generations because of the current Democrat policies.

BTW, we might be in WWIII by election day anyway!

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So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

U.S. stock prices are still way up on the year and, for that matter, since President Biden took office in 2021.

https://www.nytimes.com/2024/08/06/opinion/stock-market-crashes-economy.html

Enjoy!

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Hello Mike!

07 Aug 24 08:43, you wrote to all:

So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive
candidate and the stock market plunging earlier this week?

Stock markets react in real time. If it was a direct connection, this dip would have happened on July 22. It didn't. It held fairly steady for the 2 weeks since Biden dropped out.

Last Wednesday, the Fed announced it was not going to be cutting rates this term. (Next meeting is in September) Investers seemed to expect that, so Thursday and Friday the market held.

Until the jobs report came out on Friday after the market closed. Fewer jobs created than expected, with a slightly higher (but still incredibly low) unemployment rate caused a panic. Hence the drop on Monday.

I do not believe it is a coincidence.

You really want to blame anything you can on Biden, don't you? My keg in my kegerator also ran empty on Monday, and I don't have anything ready to replace it with. Maybe we can blame that on him, too?

Although as I type this, Hulk Hogan is about a mile from my house hawking his new beer at a Wal-Mart. Maybe Trump did it, and is trying to get me to buy The Hulkster's brew.
(Most reviews compare it to Miller/Bud/Coors/Busch Light beers and say it's surprisingly flavorful, but still pretty lackluster as a lager goes. Yes, I'll likely pick some up at some point just to try it, even if the cans violate the US Flag Code. )






Mike


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U.S. stock prices are still way up on the year and, for that matter,
since President Biden took office in 2021.

US stock prices dropped more in one day since 2020 COVID BS

They maybe up since the 2020 COVID decline but the market lost 1.5 TRILLION in that 3 days.

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So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

U.S. stock prices are still way up on the year and, for that matter, since President Biden took office in 2021.

BS, not according to our retirement accounts, we used to make a s-load
of $ when Trump was in office but now we make a little then they take
it away.

https://www.nytimes.com/2024/08/06/opinion/stock-market-crashes-economy.html

Can't you post a URL that doesn't require an account or subscription to
read a post?


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They maybe up since the 2020 COVID decline but the market lost 1.5 TRILLION in that 3 days.

Yeah, playing the stock market is not for everyone.

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U.S. stock prices are still way up on the year and, for that matter, since President Biden took office in 2021.

BS, not according to our retirement accounts, we used to make a s-load
of $ when Trump was in office but now we make a little then they take
it away.

The above statement is as true today as it was yesterday.

https://www.nytimes.com/2024/08/06/opinion/stock-market-crashes-economy.htm

Can't you post a URL that doesn't require an account or subscription to
read a post?

I read that article for free, although I haven't been on the nytimes site in a while.

Sorry you missed it. It is a good read.

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https://www.nytimes.com/2024/08/06/opinion/stock-market-crashes-economy

Can't you post a URL that doesn't require an account or subscription to read a post?

That's hilarious! Al subscribes to the NY Times! LOL

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Can't you post a URL that doesn't require an account or subscription to
read a post?

That's hilarious! Al subscribes to the NY Times! LOL

:)

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Mike Powell wrote to ALL <=-

So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive
candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

I don't either. The investors are hedging their bets against socialism.


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So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

There will be a global recession like no one has seen in generations because of
the current Democrat policies.

"Recession fears" were mentioned in the news regarding the fall, but not
whose policies might be causing them. ;)

BTW, we might be in WWIII by election day anyway!

Possible. Earlier this week, Canada was supposedly encouraging their
diplomats and citizens to leave Israel, as if they are expecting something
to happen soon.


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So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate and the stock market plunging earlier this week?

Stock markets react in real time. If it was a direct connection, this dip would have happened on July 22. It didn't. It held fairly steady for the 2 weeks since Biden dropped out.

When Biden dropped out, Harris was not 100% the candidate yet.

Harris also announced her VP pick right before this.

Something else Harris did recently... when asked a question about what her
plan is to combat inflation... in her word salad way, she stated that
inflation was an issue but gave absolutely *zero* explanation about what
her plan was, or any indication about whether or not she even *has* a plan.

It was *not* an answer that would inspire confidence in anyone with any
stake in the US ecomony... as an investor, consumer, or otherwise.

You would expect a Presidential candidate to at least have some canned
response regarding inflation at-the-ready but she seemed totally blindsided
by it.

While I think it is smart not to debate the Democrat candidate again until
they are officially named at the convention (so they cannot swap out as
easily again), I am starting to wonder if Trump shouldn't have gone ahead
and debated her right away. If her answer here was any indication of her overall preparedness to disccus the issues, as long as Trump just stood aside and let her babble like he did Biden, he'd have to shot himself in the foot
to lose.

Until the jobs report came out on Friday after the market closed. Fewer jobs created than expected, with a slightly higher (but still incredibly low) unemployment rate caused a panic. Hence the drop on Monday.

You really want to blame anything you can on Biden, don't you? My keg in my
kegerator also ran empty on Monday, and I don't have anything ready to replace
it with. Maybe we can blame that on him, too?

No to both of your questions. If we had a Republican administration right
now, and especially a Trump one, bad jobs creation news followed by a stock market drop would most certainly be blamed on him, so why not point out
that it could be related to the current administration or the announcement
that a potentially underprepared candidate is officially the candidate?

Although as I type this, Hulk Hogan is about a mile from my house hawking his new beer at a Wal-Mart. Maybe Trump did it, and is trying to get me to buy Th
Hulkster's brew.
(Most reviews compare it to Miller/Bud/Coors/Busch Light beers and say it's surprisingly flavorful, but still pretty lackluster as a lager goes. Yes, I'l
likely pick some up at some point just to try it, even if the cans violate the
US Flag Code. )

I don't drink beer... it smells the same going in as it does out and makes
me ill before I even get a buzz... so I was not aware. Let us know what
you think of it if you do pick some up.

I wonder how many other products over the recent years have also violated
the flag code? I am with you, I think, in that I wish they would not do so.


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So did anyone else wonder if there was a direct connection between the Democrats announcing that Harris is officially their presumptive candidate and the stock market plunging earlier this week?

I do not believe it is a coincidence.

I don't either. The investors are hedging their bets against socialism.

When I was in Canada a few years ago, one of the natives I met mentioned
that they felt a connection to Minnesota because, when it came to American states, Minnesota's politics were "the most like ours"

I also don't believe it a coincidence that Harris chose their governor as
her VP candidate.


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On 08 Aug 2024, Mike Powell said the following...

"Recession fears" were mentioned in the news regarding the fall, but not whose policies might be causing them. ;)

Whoopi Goldberg or Joy Reid might not have mentioned it but business news did. The run in small cap stacks leading up to the crash was attributed to Trump getting into office and cutting regulations and corporate welfare.

The market crash itself was reported as people selling off stocks because because if Trump gets into office and he'll cut corporate welfare and cut regulation to spark competition. That and Kamala is an idiot.

Possible. Earlier this week, Canada was supposedly encouraging their diplomats and citizens to leave Israel, as if they are expecting
something to happen soon.

We all might be dead by November it seems

IB Joe, Pronouns (FJB/LGB)
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SysOp of 4A 6F 65 73 42 42 53
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Possible. Earlier this week, Canada was supposedly encouraging their diplomats and citizens to leave Israel, as if they are expecting something to happen soon.

We all might be dead by November it seems

I hope not. Since I wrote that, I have also learned that Ukraine has counterinvaded Russia and has control of a pretty significant area.


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On 10 Aug 2024, Mike Powell said the following...

We all might be dead by November it seems

I hope not. Since I wrote that, I have also learned that Ukraine has counterinvaded Russia and has control of a pretty significant area.

I'm trying to be as positive as I can... But the world is on fire right now!!

IB Joe, Pronouns (FJB/LGB)
AKA Joe Schweier
SysOp of 4A 6F 65 73 42 42 53
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IB Joe wrote to Mike Powell <=-

We all might be dead by November it seems

I think most people won't get the "Monkey Pox" vaccine, though. That only kills Democrat voters.


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