October 23: stock market on track for 'worst October' since 2008 financial melt-down

OK, I'll let them know. Thanks for the heads-up! Your post was very informative and worth sharing.

Remember a year ago when Republicans promised the tax cuts for the wealthy were going to 'trickle down' to their employees (middle and lower classes) , and everyone would be doing better than ever this year? LOL ! And those T-rumpanzees (who already lost money in T-rump University, convinced they would be 'T-rump rich' by now) believed them and now they're convinced they're doing better than they were before - even though they're not?

They had no idea what 'stock buybacks' were all about, and how the wealthy get wealthier and the poor get poorer, as the great divide continues. They still have no idea.

Yep, T-rump said that by the end of his first year in office we'd be so "tired of winning" when he was on the campaign trail. We're nearing the end of his second year of Office, and the only ones who may be tired of winning are the Russians. Certainly not his followers who are picking up extra shifts at Cracker Barrel to make ends meet.

Obama's economy wasn't great. It was just stable, which is exactly what we asked for post recession. This economy is also stable for the most part, but it's becoming somewhat problematic as stock prices have become artificially inflated.

When a lot of people buy a specific stock, the value of that stock goes up. When shareholders sell it, the price goes down. Simple, right? What we're seeing as a result of Trump's tax cuts are a record number of stock buybacks to the tune of $780 billion. This is an artificial way of maintaining and inflating the value of the stock without having to improve the value of a company. It's a form of stock market manipulation, and it wasn't allowed until 1982. Generally speaking, it's not that big of a deal, only creating a small bit of inflation here and there. But because Trump's tax cuts went primarily to wealthy investors, it has caused record buybacks, and a huge spike in inflation. Yet everyone's wages are staying the same.

If and when the shit hits the fan, Trump and his supporters will just point to Obama or the democrats again, and the GOP will play right along. It will work for republican voters too because not enough people are speaking up about it now and pointing to the reasons... except the lefties who Trump and his supporters label as socialists who just want to take money from the wealthy so they can have free stuff. At some point, we might put away our silly games, but it sure as hell won't be during Trump's presidency.

Stocks been going down -October the worst month in years. Pay attention and stop watching Fox.