Trollminator wrote:
PIO! wrote:
It seems unlikely that a 12% drop in market value based on policy announcements of a POTUS has never happened before. If you ask me to provide an example I will decline - simply not worth my time.
But really, 12% drops happen all the time. Regardless of how idiotic this POTUS is, it strikes me as unlikely that the particular phenomenon that you point to is in fact unprecedented.
Translation: you know nothing about the markets. 12% drops absolutely do NOT happen all the time, and when they happen it's mostly due to underperforming economic data or high risk global events. Both Dow and S&P have moved below their 200-day moving averages, they are officially in correction territory - which is entirely happening because of Trump's twitter fetish and low IQ.
You would do well to drop the "my team vs your team" approach. Indeed, in a small way, America would be better off if you would drop that.
Stock market declines of 10% or more happen on average once per year or two. 12% should not be much different - (again not worth my time to look up a precise figure). I suppose that "all the time" is a rather subjective term so feel free to interpret this any way you wish. For my money, every year or two is frequent enough to be worthy of the label.
For the record, I am a professional money manager and have been closely watching markets for over 40 years. It strikes me as unlikely that I "know nothing about the markets."