The Economic Upheaval Of The British Vote - And Response (2)

  • Friday, June 24, 2016

?Mr Trump has endorsed the British vote and now he strolls across his golf course while the stock market has fallen over 500 points. This causes enormous damage to millions of Americans as their 401 retirement and income stock take a beating.

When millions of Americans will take a beating financially we wonder what four years of his leadership will do to the American economy.  While this action may be a populist vote and others were warned of the economic upheaval by many, nations will have many years of economic upheaval for all of the Democratic nations of the world and brings potential danger to us all.  

Paul Smith   

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If you are going to try to paint a 500 point drop in the DJIA as Armageddon and attempt to draw the inference that somehow this is related to Donald Trump, you, just like all of the fear mongering liberals on the media, should also give the other side of the story.  The DJIA went up 228 points yesterday and another 220 points Tuesday at the start of the frightful descent into the pits of bankruptcy heck the DJIA just made a new all time high of 18,151 a week ago, so it's not like a little pullback from the top is the end of the world.  

You should also use something called math to realize that the DJIA dropping 500 points is not quite as world ending from 18,000 as it was during the big crash where it dropped 777 points from 9,800 on Sept. 15, 2008.  You see a 3 percent drop, even though it sucks, (really only 1.5 percent when you account for the 220 point rise yesterday) is not the end of the world, nor will 401k's go broke, nor should you hoard gold under your mattress. In 2008 it was a 7 percent drop in one day after several months of bleeding and the market trimming from the high of 14,000 down to 6,400, over a 50 percent drop (now that was rough).  

Whenever someone asks me what the market is doing today I tell them oscillating.  This will all be forgotten by the end of next week when the market is making new highs, Donald Trump will still be the next president, and I assure you if the world hasn't ended with eight years of Obama it won't end with Trump. 

Mark Maynor 

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Well it seems Mr. Smith couldn’t wait to bash Trump.  Point one: he is a business man on a business trip opening a business across the sea. Point two: He hasn’t won the nomination nor the presidency yet….what about the so called “fall” is his fault? What should he be doing?  He is working, not resting on his laurels or his money. Being Trump. 

Tammie Clark

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