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Re: Stocks may get chopped in half within a year, but it wonâ��t be Trumpâ��s fault 

By: lkorrow in POPE IV | Recommend this post (1)
Fri, 25 Aug 17 12:43 PM | 52 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 32106 of 47202
(This msg. is a reply to 31777 by Decomposed)
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De, Stocks may get chopped in half...

My opinion is the markets will hang in there, until after the tax cut, then decline. Expectations seem to be way out of line on what this cut will do for companies, short term. They won't get a benefit overnight. And with the Congressional Republicans sabotaging Trump, who knows when the tax cut will go in. October seems a little soon, but what do I know. Could happen. Agree with RP, not Trump's fault! jmho.

He looks pretty intense in that photo, like where's my wall!




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The above is a reply to the following message:
Stocks may get chopped in half within a year, but it won’t be Trump’s fault
By: Decomposed in POPE IV
Mon, 21 Aug 17 8:51 PM 		Msg. 31777 of 47202

Published: Aug 21, 2017

Ron Paul: Stocks may get chopped in half within a year, but it won’t be Trump’s fault

By SHAWN LANGLOIS
Marketwatch.com

Last month, libertarian and multiple campaigner for president Ron Paul made headlines with his gloomy prediction that the stock market, plagued by an overrated recovery for the U.S. economy, could plunge 25% by October.

Obviously, not much in the way of positive news has come along since then to change his views. In fact, he just took his bearish outlook up a few notches.

“A 50% pullback is conceivable,” he told CNBC, earning our call of the day. “I don’t believe it’s 10 years off. I don’t even believe it’s a year off.”

That kind of damage would bring the S&P down to 1,212 and the Dow Jones Industrial Average to 10,837.

But Paul isn’t jumping on the increasingly crowded anti-Trump bandwagon, as least as the president pertains to what’s happening in the stock market.

“It’s all man-made. It’s not the fault of Donald Trump in the last week,” he said. “If the market crashes tomorrow and we have a great depression, he didn’t do it in six months. It took more like six or 10 years to cause all these problems.”

Nothing so dire as yet, but stocks have been getting beaten up a bit lately, especially the Nasdaq, which has dropped four straight weeks. The Dow and the S&P are in the midst of two-week losing streaks.

As for Trump, here he is relishing the job:

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Jim Acosta ✔ @Acosta
Quite the photo from Camp David tonight
10:10 PM - Aug 18, 2017
 
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http://www.marketwatch.com/story/ron-paul-sees-stocks-chopped-in-half-within-a-year-but-he-wont-blame-trump-2017-08-21

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