White House says it's 'concerned' about stock market drop

[mystery-ak]

White House says it's 'concerned' about stock market drop

    The White House says in a statement it is "always concerned when the market loses any value."
    The Dow Jones industrial average fell more than 400 points Monday afternoon and the S&P 500 traded more than 1 percent lower, extending last week's plunge.
    President Donald Trump has touted the strong stock market performance since his election win and has yet to deal with a significant pullback.

Evelyn Cheng   | @chengevelyn
Published 5 Hours Ago Updated 1 Hour Ago

The White House said Monday it is worried about the U.S. stock market sell-off.

"We're always concerned when the market loses any value, but we're also confident in the economy's fundamentals," an official said in a statement to CNBC.

The Dow Jones industrial average fell more than 400 points Monday afternoon, and the S&P 500 traded more than 1 percent lower, extending last week's plunge.

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https://www.cnbc.com/2018/02/05/white-house-says-its-concerned-about-stock-market-drop.html?__source=twitter%7Cmain

[skeeter]

This is a silly report.

Incomes go up, the stock market registers a short term blip.

The economic basics underlying it all are solid.

[truth_seeker]

This is a silly report.

Incomes go up, the stock market registers a short term blip.

The economic basics underlying it all are solid.

I remember 1987. Market dropped over 25% in one or two days.

Anybody that didn't freak out, just held pat, recovered within a few months ISTR.

https://en.wikipedia.org/wiki/Black_Monday_(1987)