Megan McArdle: Trump has always been erratic and impulsive; why is Wall Street surprised now?

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  • Howard Beal Provo, UT
    Jan. 2, 2019 7:32 p.m.

    silo: Quit confusing us all by bring forth actual facts.

  • silo Sandy, UT
    Jan. 2, 2019 4:20 p.m.

    @occidentali
    "This is a shockingly ignorant and biased attack on the president. The stock market is down because the Democrats won the House, not because of the presidents opinions on Fed policy. "

    The stock market has been down since early in 2018, well before elections even took place. December was simply more of the same, accelerated by the rantings of a President on twitter.

    The largest and second largest single-day point drops in the history of the Dow took place in February of 2018. The third largest single-day point drop occurred in October of 2018. Election of Democrats had nothing to do with the stock market being down.

  • RedShirt USS Enterprise, UT
    Jan. 2, 2019 2:42 p.m.

    To "JoeBlow" Trump got elected because your ilk supported Hillary Clinton. Given the two viable options, the US chose Trump because he represented the lesser of two evils.

    There is no love affair with Trump, just a strong distrust of the Clinton machine that had to use who knows how many political favors to get the party nomination.

  • Occidentali Salt Lake City, UT
    Jan. 1, 2019 4:44 p.m.

    This is a shockingly ignorant and biased attack on the president. The stock market is down because the Democrats won the House, not because of the presidents opinions on Fed policy.

    The pull out in Syria was a campaign promise that was always intended to be kept, in spite of the generals desire to continue the commitment in perpetuity. This is why Trump was elected and why he is loved. He does not have a separate private view, as the establishment expected.

    Mnuchin was reassuring investors because they were selling off at a time when the economy was fundamentally sound and there was no reason to dump stocks. "Why were investors so optimistic in the first place?" Because the president was cutting corporate tax burden, reducing regulation and restoring domestic energy production. Trust me...business people know the difference between that and Obama's no growth policies and economy.

  • JoeBlow Far East USA, SC
    Dec. 30, 2018 1:40 p.m.

    "Trump has always been erratic and impulsive. Why is Wall Street surprised now?"

    Yup. Erratic and Impulsive. A better question is Why would Republicans elect him?
    An even better question is Why are Republicans still behind him?

    I was a solid R voter until they became enamored with the likes of Sarah Palin and Donald Trump.

    Party over Country.