Dow fell 8 days in a row

[WhiteTailEER]

Longest streak since 2011.

http://money.cnn.com/2017/03/27/investing/stocks-dow-losing-streak-trump-obamacare/index.html

The article blames it on Trump and the failed ACA repeal, but I disagree.

The runup had nothing to do with Trump and this correction doesn't either. The DOW had been flirting with 20k, and when it finally broke through, there was a continued runup. The same thing happened when it broke 10k for the first time. And then eventually things settled back down.

I don't give Trump credit for the runup, nor do I give him blame for the 8 days in a row it fell.

 

[WVUBRU]

Longest streak since 2011.

http://money.cnn.com/2017/03/27/investing/stocks-dow-losing-streak-trump-obamacare/index.html

The article blames it on Trump and the failed ACA repeal, but I disagree.

The runup had nothing to do with Trump and this correction doesn't either. The DOW had been flirting with 20k, and when it finally broke through, there was a continued runup. The same thing happened when it broke 10k for the first time. And then eventually things settled back down.

I don't give Trump credit for the runup, nor do I give him blame for the 8 days in a row it fell.

I typically don't comment on daily market moving posts that take a political edge to it. But I will today as your comment is not the usual biased crap we see on here.

I disagree slightly with your opinion. Some of the runup had to do with an EMOTIONAL response with certain stocks and industries relating to Trump's presidency and agenda. Same with the correction. But to credit or blame a president for daily market fluctuations is an easy way to identify idiots.

 

[WVU82_rivals]

lol...

keep your head in the sand...

 

[WhiteTailEER]

lol...

keep your head in the sand...

@WVUBRU ... you mean like this?

 

[WhiteTailEER]

I typically don't comment on daily market moving posts that take a political edge to it. But I will today as your comment is not the usual biased crap we see on here.

I disagree slightly with your opinion. Some of the runup had to do with an EMOTIONAL response with certain stocks and industries relating to Trump's presidency and agenda. Same with the correction. But to credit or blame a president for daily market fluctuations is an easy way to identify idiots.

I'll agree with you insofar as giving the emotional response to the last 400-500 points to Trump and a perceived business friendly climate ... but only what it took to break the 20k barrier and nothing beyond that. I talk investments with Tony on the Woodshed occassionally and I told him as soon as it broke 20k that it would continue to run up a bit before settling back down.

So, we may continue to disagree slightly on this point, but it's unverifiable anyway so no sense in arguing it.