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Capitulation is a good thing in the long run. Embrace the mass panic and look for opportunities
Mnunchin really doesn’t understand his job.
Did you really expect anything else from him?
The market may be reacting the growing strength of a leftist fifth column in the country. It doininates the Democratic party .Its becoming clear to Wall Street that the damage to the economy & social fabric of this country is incalcuable.This is not your fathers grid lock
Not true - Shiller warned everyone two minths ago his index had turned - he is only reliable guru SHILLER PE
I think we might go this low
Overblown
jimcramer is this true?
DOW down 4000 since October, and 2000 since the 'tax cut'... this shut down ought to help!
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Mnuchin says market's negative reaction to Fed 'overblown'Treasury Secretary Steven Mnuchin said Thursday that the negative market reaction following the Federal Reserve's rate hike this week was 'completely overblown.' Mnuchin said the market overreacted, with computerized program trading taking over and driving stock prices down further. In a... Ok stevenmnuchin1 , can you just write me a check for all the money we have lost then. Um, thanks!!! Is 'overblown' means over 10% just blown off your 401K balance or over 10% in the red for the year? Nothing to see here.
Source: ABC - 🏆 471. / 51 Read more »
Treasury Secretary Steve Mnuchin says market plunge on Fed rate hike 'is completely overblown'It's becoming increasingly clear that not a single person in the Trump administration has any idea of what they're talking about. Complete incompetence and denial. This guy has a very small economic vocabulary, probably to match his treasury policy knowledge. He made some money in business. Little comfort or guidance in running the Treasury of the USA. he is a blind politician or pretending, hihi
Source: CNBC - 🏆 12. / 72 Read more »