Trump doesn't need to panic over market's slip from record highs

[mystery-ak]

Trump doesn't need to panic over market's slip from record highs
by James Langford | Feb 5, 2018, 5:16 PM

A stock-market selloff that trimmed 1,800 points from the Dow Jones industrial average in two days shows the risk that President Trump took in tying his administration's policies to record highs.

Investors, not to mention critics, will now be sorely tempted to blame him for the decline, which knocked the Dow 7 percent lower while trimming the S&P 500 and the Nasdaq Composite Index by 6 percent and 5.7 percent, respectively.

But there's no need for Trump, who credited his policies curbing regulation and cutting taxes for the Dow's climb above 26,000, to panic. The blue-chip index, the broader S&P 500 and the tech-heavy Nasdaq Composite are still higher than they were at the end of 2017.

more
http://www.washingtonexaminer.com/trump-doesnt-need-to-panic-over-markets-slip-from-record-highs/article/2648162

[Applewood]

Trump doesn't need to panic over market's slip from record highs
by James Langford | Feb 5, 2018, 5:16 PM

A stock-market selloff that trimmed 1,800 points from the Dow Jones industrial average in two days shows the risk that President Trump took in tying his administration's policies to record highs.

Investors, not to mention critics, will now be sorely tempted to blame him for the decline, which knocked the Dow 7 percent lower while trimming the S&P 500 and the Nasdaq Composite Index by 6 percent and 5.7 percent, respectively.

But there's no need for Trump, who credited his policies curbing regulation and cutting taxes for the Dow's climb above 26,000, to panic. The blue-chip index, the broader S&P 500 and the tech-heavy Nasdaq Composite are still higher than they were at the end of 2017.

more
http://www.washingtonexaminer.com/trump-doesnt-need-to-panic-over-markets-slip-from-record-highs/article/2648162

Critics are already blaming Trump for the drop, probably because he was foolish enough to take credit for the market's meteoric rise.  As a supposedly savvy husinessman, Trump should have known the "good times" weren't going to last and he should have kept his mouth shut. 

Let's just hope he and our other powers that be don't try to fix the market.  It will rebound on its own.  Past attempts to meddle in the market have always resulted in disaster.

[Free Vulcan]

Finally, some sanity. What is it about peoples' attitude toward the financial markets and the constant expectation that it is supposed to just chug along in orderly fashion like some automated factory built by engineers?

Financial markets don't obey engineering kind of thinking. By nature it is ever changing and slippery, like a greased rubber band. It will not conform to human will no matter how determined, serious, and furrowed browed anyone is. Which is one of the things I love about it, as it is the biggest ego-crusher in the universe next to God.

The market overbuys, the market oversells all the time. Learn how to ride the coaster rather than trying to dictate to it. And for the love of peas and petunias, stop buying in to the media panic frenzy, they're just trying to sell air time.