What could be causing these massive losses in the Dow the last two days. Was there some sort of contest on Tuesday that has made businesses here in America nervous? Do they think that the new President is going to make the economy worse and cost them millions of dollars in profits. Are they worried about having to fire more workers thereby raising the unemployment rate? Could it be that they're worried
the government is going to increase spending thereby causing inflation.
YES THEY ARE!
Update: 10:13pm
I just saw this is the biggest two days drop in history. "The massive back-to-back waves of selling carved more than 900 points from the Dow, its worst two-day point decline in history." I'm sure the election had nothing to do with it.
http://www.foxbusiness.com/story/markets/cisco-toyota-weigh-futures/
Waking Up From Woke
8 hours ago
Oh, for the love of God, several major economic indicators had new numbers come out in the last two days. Increased unemployment, etc.
ReplyDeleteRead a friggin' economics book! I'm glad to see that you've learned nothing about politicizing every event.