Dow Dumps 600 Points As XIV Crashes Again

XIV is now down 17% today, crashing to new post-volmaggeddon lows...

which is smashing stocks lower...

 

Comments

A Nanny Moose Arnold Thu, 02/08/2018 - 13:21 Permalink

"President Ulysses S. Grant's monetary policy of contracting the money supply (again, also thereby raising interest rates) made matters worse for those in debt."

Government attempts to undo the very inflation is causes, thereby making matters even worse. Following Austrian Monetary Theory; the amount of money in an economy is always, exactly the correct amount.

Nothing new under the sun here.

In reply to by Arnold

Thought Processor Juggernaut x2 Thu, 02/08/2018 - 13:16 Permalink

 

Seriously we need some image posting ability Tyler.  This would be so much more comical.

 

Though I do value a well articulated written argument and find it increasingly difficult to find anywhere nowadays.  Writing being refined thinking and all.  And refined thinking being a dying art.

 

Never mind I think I just shit canned the meme posting idea with that. 

In reply to by Juggernaut x2

Don Sunset Thu, 02/08/2018 - 13:05 Permalink

This is just getting started.  We are going way way down.  The Orange Joolius owns this and his politically greedy ass will get what he deserves and that is too bad because he has done much good.  However, blowing another bubble atop the public US debt bubble is not one of them.

Owning the stock market collapse will dominate his reputation as el presidente.

Test depth is not far off from here.  Implosion will follow and from there it's STRAIGHT DOWN!

Bemused Observer Don Sunset Thu, 02/08/2018 - 13:37 Permalink

It really astounds me, how he literally just walked right into that wall...After all the campaign assessments, suddenly he does a 180 and says it's like the greatest thing since sliced bread.

And now it starts tanking...How did he screw that up so badly? I mean, if he had thought about it for a minute, it would have to have occurred to him that the stock market was his weak point, and by pinning it firmly to HIS lapel he'd be placing himself in a very risky position. Trump the saavy businessman, ambushed by a stock market plunge after taking credit for the stock market...what better way for an enemy to point to him and say, "See? He really DOESN'T know all that much about business, does he?"

If he got nailed by foreign policy, well, one could excuse that, as he is not a professional politician. But BUSINESS is supposed to be his forte...if he screws THAT up, then what were his qualifications to begin with? If he can't even do what he does best well, then what hope is there for anything else to get done?

 

He ought to have seen this one coming...it was the obvious target, the economy and the markets. He should have known they would attack there. They baited the hook with a historic market rise, and he swallowed it without a second thought...

In reply to by Don Sunset

The Ram Bemused Observer Thu, 02/08/2018 - 15:39 Permalink

My take on this is that the deep state/dems tried to take Trump down politically and that tactic has failed miserably.  That leaves war and the economy/market.  A major war is too risky now with China and Russia having rough parity in weapons.  That leaves the market....crash the market, hyper unemployment results, blame it on Trump!  This market takedown, and it IS a takedown makes perfect sense from a political perspective.  If the dems/deep state DID NOT do this, then they have a real opportunity here to attack Trump by fanning the flames of a market meltdown they can blame on the OJ!

In reply to by Bemused Observer

Yen Cross Thu, 02/08/2018 - 13:06 Permalink

  Faux Business had some idiot on earlier that was telling people to BTFD.  He should be in jail.

   The market was only down 365 points at the time. I looked him up, and he works for some bucket shop called, ' Bag Holders 'R' Us'.