Stocks Extend Fall Despite Mnuchin Bid to Reassure Investors

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Dow falls more than 350 points, extending its selloff as Treasury Secretary Mnuchin tries to instill calm into a jittery market

 

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Thanks so much realDonaldTrump and stevenmnuchin1 for Red December.

Sounds like there will be some great buy opportunities soon! Works for me!

If necessary Trump will blame GOD!

Fake news. Trump says it is record highs.

The U.A.E.’s energy minister, said that OPEC has the option to hold an extraordinary meeting to decide on more cuts if the current one isn’t enough. At a press briefing in Kuwait, Iraq, U.A.E. Algeria took turns repeating the message that OPEC will deliver its production curbs.

Market participants sensing real uncertainty in US, key posts unfilled, trump shows real signs of mental instability, Treasury Sec unprompted worried about liquidity....chaos / uncertainty abound all caused by an incompetent president aided & abetted by complicit Repub Congress.

Just the Democrats shitting on the people how every they can to get rid of our President.

Begin working w allies to shift supply chain from Cheating-China. Win win for us and allies, loss for Cheating-China.. China fears this.

I miss the old days when Cheating-China slowly sucked the life out of our economy & incrementally & methodically & deceitfully moved to replace us in every meaningful way. While we did nothing. Good times!

Despite?

It should read “because of”, instead of “despite “...

Thanks realDonaldTrump !!!

Oooof it’s coming

Longest way up shortest way down.

The government is shut down over a proposed wall with Mexico and while some of his govt colleagues are out of work Mnuchin is vacationing in...Mexico?!?

I mean, really, these guys are supposed to be market savvy. Nothing spooks markets more than “bolt from the blue”comments from officials about “liquidity” concerns at financial institutions where there were no apparent concerns!!! Now I’m concerned......

And this guy is supposed to be smart when it comes to economics? He was the only one (or of few) in the cabinet barely qualified for his role. At least they can stop bragging about the market & economy. At our expense of course. Reading “Great Depression” and “2008” is sickening.

Unless Pres Trump changes its economic policies more interest hikes in Feb/March. With Christmas economy gone the tariffs must be removed else economy will take downturn.

Trumponomics, winning yet? ImpeachTrump TrumpChristmasShutdown

Stable genius at work I guess.

Trump's politics and rhetoric is having a negative impact on the displaced workers as well as the stock market. timeforimpeachment

I am looking forward to like a Crash say a word

Obviously the market doesn't trust Mr Minichins any more than it trusts President Trump. Obviously there is a fundamental difference between Donald J Trump who thrives on chaos and John Q Average investor who fears it like the plague.

Fucking federal reserve.

foldfreenews Is Steve Mnuchin brain dead? What kind of an idiotic statement to make. This is like a panic mode statement trying to reassure Americans in light of a Market collapse.

Thank you President Trump worst christmas in history. Please resign.

He will profit

what happens when word gets out that the govt Ins is not there for acconts under quarter of a million, there would be such a run on the banks, could Govt default on FDIC premiums? when your 22 trillion in debt anything can happen....

I think he made it worse.

I knew it would happen so I sold all my stocks with profit earlier

The more Trump tweets the more the market is going down. Will eventually cause unintended consequences. Dangerous times per General McCaffrey

Keep making comparisons to the 2008 Financial Crisis and it may so spook the ordinary investor that he/she will pull his/her money out of the market resulting in a self-fulfilling prophecy.

Mmmmm, Trumps policies stink and have almost universally long term negative consequences. Trump is an erratic psychotic. NOT a good combination

Seems like after all of his boasting about the stock market Trump does not care if he ends the long Obama Bull market with a Trump Crash.

Bet you that his lovely wife isnot even concerned -she & Flotus are probably wearing their ‘ I don’t care ‘ jackets

By now realDonaldTrump has demonstrated to the world his incapability, insanity and narcissism. The market's performance is a vote of confidence! Trump should get himself out of the way. He can choose which way is left after resignation is not in his vocabulary obviously.

Did ya all expect something different?

Winning?

He can assure investors all he wants, the moron in charge is the one killing our economy.

Trump effect

So the idiot in the Fed decided to raise rates AGAIN. Now he’s created a mess. Who is paying him off?

Step back and think about the absolute absurdity that one person can reassure investors and calm the markets.

What's surprising? At 3% Mr Average American may make more money in savings without the risks.

The Liberal Wall Street Operators continue their Hissy Fit! If you sell anything at a loss, during this mess, you will be sorry!

Wait to you do your taxes. I have 2018 Turbo Tax.

Trump and his administration needs to be removed from Washington. TrumpResign TrumpShutdown

Who cares, what was mnuchin's golf score?

Thanks a lot Jerome. FederalReserve

But we're winning, right? Right RIGHT? /Cry.

WallStreetBankers are going to crash into ruin! Their time has ended!! It is time the mean machine of corruption and control be distroyed. You will see the the power of Truth, with a swift and mighty hand wipe away from the earth those who have inslaved and murdered mankind!

realDonaldTrump washingtonpost nytimes maddow NicolleDWallace Listening to Fox for your Domestic Policy is not going to work. Pleasing Russia and Saudi Arabia and having them dictate our Foreign Policy is not in the in the interest of the United States. Consider resigning

Welcome down to hell.and billionaires are getting no water.

All under tRumps watch, he the commander in chief. He’s an absolute failure.

End the criminal organization known as the Fed and go back to the gold standard.

ResignTrump

Not despite, BECAUSE of Mnuchin’s inane intervention. Utter incompetence.

All in anticipation of the Democratic Congress.

Markets Conclude U.S. Is Riskier Than China: Treasury now has to pay a premium over Chinese bonds to attract investors and see four major red flags in U.S. debt via bopinion

Could someone please take Trump’s phone away from him? Or maybe Twitter will become alarmed enough about their own stock that they’ll pull the plug on him? Jesus Christ!!!

Stick Found dude, ‘tis gonna get worse

Your boy and his band of sycophants look better every day!

And that's just the start! 2019 will be worse because the tariffs will affect us even more. Thanks to all voters of realDonaldTrump But we don't lose hope. Might be Mexico will pay the wall? ResignTrump

Mnuchin is a failed movie producer with a string of 100 million plus box office flops. He has a brain the size of an amoeba. The stock market will rally on Thursday. Gains for the year will still be gone. The market will close the year flat. I personally would worry about bonds.

Tariff Man to to the rescue!!

WHAT HAPPENED TO MARKET RULES TO STOP A MARKET FALL LIKE THIS⁉️ HUGE! President Trump Discussed Ditching Disastrous Fed Chair Powell - After He Tanked US Economy by $4 Trillion - Wiped Out 1/6th of Market … via gatewaypundit

So much losing DonaldJTrumpJr

this is the side effect of Trump's policies. I wonder when the stupid republicans will wake up. I had no idea GOP is the party of charlatans and stupids.

It's safe to say Mnuchin is in over his head.

The market collapse is a direct result of US political chaos and instability. Unless Trump goes we're in for much worse.

Will you your administration STOP helping? You are only making everything worse. You folks always screw things up. How’s tariff man doing?

Yep history repeating itself. 'Greed is good'. Not! Reminds me of a You Tube video I watched the day Trump took office. BBC2 1929 CRASH

A financial crisis largely created by an almost unimaginably incompetent administration.

The market may test 20k before rebounding. For Trump, it is ok if his rhetoric against Fed hurts some more since the Fundamentals are on his side and the correction works itself in. As long as 2020 approach is positive.

Please stop the winning!

Merry Christmas, everyone.

elections have consequences and the next one can't happen quick enough

Trump is a conman whose tax cut for the richest did nothing to help our economy.

D J I A 1932 was a great buying opportunity

Next will be another recession. Trump's economic policies are finally beginning to take hold. I learned in economics 101 in my first year of college that the presidential lag is two to three years. It's going to get worse before it gets better

Bitcoin for the win

So much winning when you put up a phone and charge expect a lot of mushy bananas

2008, GW Bush economy crashes the Dow. Ten years later, after a booming Obama economy, the Republicans do it again with their Commander-in-Chaos.

Hold

The entire world is in crisis. Putin and leaders from the Middle East love to see the US in turmoil. We cannot let them or anyone defeat our interests and what we believe in. To our elected officials: Get back to work now and not on the 27th. You would be doing us all a favor.

Hi..

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Stocks fall after Steven Mnuchin's odd statement fails to calm marketsUS markets are open only a half day on Monday. That's probably a good thing for anyone watching stocks on Christmas Eve. Credit and trade worries, tumbling stocks and a falling renminbi have diminished the wealth of more than three quarters of the top 400 listees on last year’s Forbes China Rich List Stocks are on pace for their worst December since the Great Depression. On Friday, the Dow ended its worst week since 2008 Thanks realDonaldTrump! MAGA.
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