Treasury Secretary Mnuchin making a big mistake!

Munchkin's tweet wiped off over $650 Billion from the Wilshire 5000 today
And pushed that index into a bear market, by my reckoning it closed down over 20% today (from its all time high).
The total market cap index is down over $6 Trillion since making that all time high 3 months ago.
 
NY_HOOD said:
I also think the situation with General Mattis isnt helping. He represented some stability in the Trump administration. Even though Pelosi and Schumer can give a shit less about Syria but all of the sudden act like they do, syria will be a mess and a breeding ground for terrorists if we leave.
More...

Wrong, Syria will be a breeding ground for Terrorists if we Stay. Intervention is always the wrong answer.
 
I do not think any of this matters. the market was going to do what it did no matter what anyone else did. the gov can not change the market. the market is bigger than anyone. it does what it does. it is just the democrats attacking the republicans every day all day long they are not nice people.

there was no way to hold up the market yesterday. ZIP. NONE. it was on its way to 2325 area tomorrow like a magnet as some traders call it.
 
Media stunt. Grab attention, imply the serious nature of this selloff, a jab at Powell, a headline for Main Street supportive of Trumps anti fed stance. This story was probably "leaked" to most special, favored scribes at prestigious financial bastions like ZeroHedge. It could be fake news.
The Maestro should speak next.
 
Let me take a guess why Mnuchin released the statement about the plunge protection team. It is Christmas and he is trying to show that he is working on Christmas to his boss. It's a trick that all of us, normal working folks, do to impress the boss. This is particularly timely since the government has shut down. Nobody is working but I am working. Any boss would have been impressed! No need to read too much into it.
 
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