Economy
See other Economy Articles
Title: White House Issues Statement On Today's Historic Market Crash (Dow Plunges Almost 1200 Points)
Source:
ZeroHedge
URL Source: https://www.zerohedge.com/news/2018 ... t-todays-historic-market-crash
Published: Feb 5, 2018
Author: Tyler Durden
Post Date: 2018-02-05 18:59:38 by Hondo68
Keywords: TEOWAWKI, Trumpageddon, Crash of 2018
Views: 1729
Comments: 9
Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news. So, as many expected, the White House issued a statement after the close, commenting on today's market crash. Predictably, there was little commentary of the "day to day" moves, and instead Trump deflected by pointing out that he is now focusing on the economy's "long-term fundamentals" instead. Full statement below: "The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers. The President’s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people. Translation: Trump will never again tweet about the market. Poster Comment: Have you hugged your Ron Paul gold dollars today? The Dow makes bitcoin look a lot better. The Dow Jones Industrial Average closed at 24,345, down 4.6%. The S&P 500 fell 113 points, or 4.1%, to 2,648. The Nasdaq Composite dropped 273 points, or 3.78%, to 6,967. The Dow fell as much as 1,597 points in afternoon trading, the largest intraday drop in history. The blue-chip index’s 4.6% decline reflected its worst day since at least Aug. 10, 2011. Coming off its worst week in two years, the Dow wiped out its 2018 gains with its pullback Monday. The CBOE Volatility Index, known as the market’s “fear gauge,” soared 115% to its highest level since 2011.
Stock market plunges, with Dow down a record 1,175 points in the Big Board's biggest one-day drop
Wall Street continued a broad selloff Monday, as the Dow plunged a record 1,175 points amid growing inflation fears.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 9.
#7. To: hondo68 (#0)
Uhhh, it appears the market finished up quite a bit today, Mr. NeverTrumper.
How'd that fraud thing with (D)rumpf ACORN University end up? http://www.latimes.com/local/lanow/la-me- trump-university-settlement-20170331-story.html Take lessons from Michael Jackson on how to settle his "innocence" did he? Same ol... BOHICA!
There are no replies to Comment # 9. End Trace Mode for Comment # 9.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#9. To: no gnu taxes, hondo68 (#7)
Replies to Comment # 9.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]