stock market was up today...

Our domestic production won't be destroyed. Hurt? Yes but not destroyed, as soon as the prices climb back up they will be producing and the investors will come running again. Russia will be the long term loser in this.
Let me back up when I say destroyed. You will see several shale oil producers going belly up.
 
And they’ll be back up and running when prices go up. It’s the way they have lived and done business for generations.
Meh, its different this time around. We are running out of "cheap" sources of oil domestically. Had it not been for all of the borrowing going on by the shale producers to keep drilling in hopes of a higher price later, we wouldn't be the current leader in world oil production.

Another question is if these companies do rollover and assets are taken over by someone else, how long will oil prices stay so low that the new owners can't drill without making a profit? If the world economy goes into a downturn for an extended period, you could see oil in a bear market for 2-3 years.
 
Uh, this is where you get your "news"? Some North Korea level stuff here.



I watch CNBC, Fox Business, and sometimes Bloomberg during trading hours of US equities on US exchanges. What's your point? Trish Regan has a political opinion program that airs in prime time. She's not a Wall Street observer. Again, what's your point?
 
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I watch CNBC, Fox Business, and sometimes Bloomberg during trading hours of US equities on US exchanges. What's your point? Trish Regan has a political opinion program that airs in prime time. She's not a Wall Street observer. Again, what's your point?
To each their own but I hope the daytime shows are a lot different that that.
Most people would be smart enough to understand that this is out of Trump's control.
I think the point is that Trump claimed ownership of all the market gains and if that's true it cuts both ways.
 
I'm not a fan of Trump but the markets drop isn't his fault. Fears of recession can fall on a US govt but a pandemic virus popping up in a foreign country and Russia/Saudi Arabia having an oil price war is beyond his control. All 3 at once would tank the market during any president's time.
 
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I'm not a fan of Trump but the markets drop isn't his fault. Fears of recession can fall on a US govt but a pandemic virus popping up in a foreign country and Russia/Saudi Arabia having an oil price war is beyond his control. All 3 at once would tank the market during any president's time.

I agree. But also, the bounce back won’t be of his doing either. That won’t stop him from tweeting about it though and taking credit.
 
I'm not a fan of Trump but the markets drop isn't his fault. Fears of recession can fall on a US govt but a pandemic virus popping up in a foreign country and Russia/Saudi Arabia having an oil price war is beyond his control. All 3 at once would tank the market during any president's time.

Disagree. Trump did everything in his power as President to promote and artificially inflate the market balloon. Valuations reached historic highs yet he still made comments like it was "looking good to him" at 28K to encourage suckers to to continue buying.

Presidents should NEVER comment on markets other than to perhaps instill confidence in times of panic. Of course, Trump's primary measure of success to him and his measure of others is financial. It all comes down to money to him. From his transactional relationships to his fleecing of others, it's cash money.

It's fitting and wholly apropos that his inflated balloon, much like his ego, has pulled a Hindenburg.

nasm-si-98-15068.jpg
 
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Most people would be smart enough to understand that this is out of Trump's control.

You aren't exactly the sharpest tool in the shed.
Smart people know both the market and the economy are almost entirely out of Trump's (and every president's) control. Won't stop voters from blaming him in November.
 
I agree. But also, the bounce back won’t be of his doing either. That won’t stop him from tweeting about it though and taking credit.
If it happens in his administration I'm sure that's what he'll do. But I'm guessing a bounce back will be several quarters away.
 
Disagree. Trump did everything in his power as President to promote and artificially inflate the market balloon. Valuations reached historic highs yet he still made comments like it was "looking good to him" at 28K to encourage suckers to to continue buying.

Presidents should NEVER comment on markets other than to perhaps instill confidence in times of panic. Of course, Trump's primary measure of success to him and his measure of others is financial. It all comes down to money to him. From his transactional relationships to his fleecing of others, it's cash money.

It's fitting and wholly apropos that his inflated balloon, much like his ego, has pulled a Hindenburg.

View attachment 265481
I don't really disagree but it doesn't disprove that pandemic coronavirus and oil price war is beyond his control and are the major causes with recession fears for the market panic.

He'll be a cheerleader that everything is great. Out of selfish motivation certainly, but there's not much he could have done to prevent what's happening. If the Dow was sitting at 25k a month ago instead of 28/29k I think the situation would be the same with all three events happening at the same time.
 
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I don't really disagree but it doesn't disprove that pandemic coronavirus and oil price war is beyond his control and are the major causes with recession fears for the market panic.

He'll be a cheerleader that everything is great. Out of selfish motivation certainly, but there's not much he could have done to prevent what's happening. If the Dow was sitting at 25k a month ago instead of 28/29k I think the situation would be the same with all three events happening at the same time.

I agree with this too. But if he is going to cheerlead the good stuff he should expect vegetables to be thrown at him when it turns bad and not play the media victim card. Trump is who he is, but he unnecessarily brings a lot of the criticism on himself.

I really think he could be a great to almost exceptional president if he would just STFU.
 

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