Saturday, February 03, 2018

TKC SATURDAY NIGHT PLAYLIST!!! 666 POINT PLUNGE FOREBODING BEGS THE QUESTION: IS KANSAS CITY READY FOR THE PREZ TRUMP STOCK MARKET CRASH???



Only the silliest of Prez Trump's supporters have been hanging his credibility on the stock market and the pittance they keep stashed away in their 401k . . .

Now, it seems a reckoning is at hand . . .

Dow plunges 666 points -- worst day since Brexit

Stocks Fall to End a Bad Week, and a Boom Begins to Look Shaky

Stock market loses nearly $1 trillion on the week

Thing of it is, markets rise and fall and only newbie politicos like Prez Trump tie their success to stock prices . . . As midterm elections approach, he might pay dearly for his miscalculation.

Closer to home the recent boom years have seen Kansas City raise taxes, spend on pet projects and continue the development agenda without really working on infrastructure and public safety. As harsh times approach, City Hall debt is now out of control and a cash crunch threatens local taxpayers.

And so tonight's playlist of some of our favorite songs dedicated to bad decisions and their upcoming economic impact . . .



As always, thanks for reading this week and have a safe and fun Saturday night.

38 Comments:

Anonymous said...

Good times will continue forever.

We just keep winning!

Anonymous said...

It's Obama's fault

Anonymous said...

^^^ LOL. But I thought your president said the stock market rise was his magic? He lost the election. you're a Russian traitor.

Anonymous said...

Small profit taking. Med stocks are overpriced because of Obama care going down

Anonymous said...

Russians mind controlled everyone into not liking Hillary! Waaaah! They hacked her charisma! It can't be that more than sixty million voters turned their backs on the failure of the left, or anything.:)

Anonymous said...

Anyone with a brain and resources are buying big Monday.

Jd said...

Good luck with that. Asian markets already down. Your Russian President is done.

Anonymous said...

Ha ha! Put on your pussy hat and scream at the sky some more. It seems easier than owning your straightforward electoral defeat. :)

Anonymous said...

Well at least my bitcoins are showing no signs of being the pie-in-the-sky something for nothing scam ponzi scheme that the critics warned about.

Anonymous said...

So.much.winning. Did memo, markets tanking, jobs leaving. Worst. President.ever.

Anonymous said...

So much leftist panic and flailing about. You haven't stopped crying since election day. Keep going!

Poor Richard Jr. said...

Three things to remember...

"Nobody ever went broke by taking a Profit"
"Money isn't Money until it's Money"
"Always leave a little on the table for the next Guy"

These are from Bernard Baruch, who went from being a Clerk to a Millionaire in one week when the Market crashed in 1929.

Also, "The return OF my money concerns me more than the return ON my money." Will Rogers

If you have a profit on paper, why not move the majority of it into Federal Bonds?

Anonymous said...

Bow tie the clown sLIE and fat boy Troy dont care, sLIE doesn’t own anything and fat boy will leave killa city for a gravy job in another city so they could care less about bankrupting the city

Anonymous said...

Because bonds don't pay shit.

northlander said...

Need to stop TIF funding and start taking tax money in .

Anonymous said...

So what? Sell now and you’ve made a ton. But the rest of us that stay in will make more. Thanks, Donald. You’ve done way more in 1 year than Obama did in 8 years.

Anonymous said...

At least my Bitcoins have not lost any value!

Super Dave said...

Fridays drop is no where near a need for panic. Smart investors have known it was coming as it always does after this long a good run. Several factors played into the drop all which were good factors such as the strong jobs report so stay calm and be cool all isn't as bad as the snowflakes want you to think it is.

Retro ROCKER said...

The smart money have taken there profits. And shorted the market to make more profits. And soon will be vacationing in the Gulf of Mexico.

Retro ROCKER said...

The market is on its way down the only question is will it be a crash or a slow burn. The smart money is shorting. .this was known weeks ago the market was going to take a downturn. Real Estate is in a bubble as well.

J.W. said...

Reading this is hilarious. Bitcoin is down to $8000. I remember when it was 10 for $1. Yes, if you paid $19,000 for a bitcoin you got hurt recently. However, there are plenty of people who got in at $200 or even $1, so to say it has "crashed" is to be living in a fantasy.

Trump is killing it. Liberals are crying. The DNC is broke, no one thinks it is cool to be a liberal anymore, and everyone is making fun of Hollywood "stars" for being a bunch of out-of-touch idiots. These are the good times.

Even though the stock market retraced, it is still up over 35% since Trump took office. Again, if you buy high and sell low you will cry. IF you buy low and sell high you will enjoy sipping your Margarita on the beaches of South Florida.

Anonymous said...

Trump lied.

And only a small per centage of Americans own a significant number of stocks...and many of those will end up losing.

Just like the last time and the time before that.

You sucker.

Anonymous said...

"Because bonds don't pay shit."

As Groucho Marx said, after losing all his money and then some in the Crash of 1929 and who would ever after invest only in Treasury bonds, "They do if you have enough of them."

Anonymous said...

You fucking idiot, tell me how a good jobs report played into the market drop? I swear you’re the dumbest poster on this blocg and that’s saying something, because chuck is on here. Jesus, you don’t know shit!

Anonymous said...

Hey dummies, none of you has any idea why the market dropped, or at least none of you had said so. As a financial rep for over 30 years, please allow me to hip you to a few facts. 1.) The long bond has risen to almost 3%, remember, stocks always move inverse to rates. 2) With the prospect of three interest rate hikes on the horizon, the market has no where to go but down3) This is probably the most important, for you people, the president has absolutely nothing and I mean nothing to do with the declines or gains of the market. It was idiotic for Trump to tie himself to the market because what goes up must come down. He owns this now.

Anonymous said...

@10:01
Bingo...you are correct...President personally has zilch to do with this..

Anonymous said...

"You fucking idiot, tell me how a good jobs report played into the market drop? I swear you’re the dumbest poster on this blocg and that’s saying something, because chuck is on here. Jesus, you don’t know shit!"

Ummmm. How to respond.

Good jobs report = possible inflation

Inflation = probable higher interest rates

Higher interest rates = more expensive mortgages, car loans, etc. (anything people or businesses borrow money for)

PLUS

Higher interest rates = competition for stocks that are paying dividends lower than interest rates available on bonds

All this could lead to a slowdown.

And yes, the president has little to do with this, BUT since the great orange one has claimed credit for the stock market climb, and since his base believes him (just take a look at the comments on this post), it's likely they'll believe the fall is his fault as well.

Anonymous said...

Prior to the election, NYT columnist Paul Krugman predicted that if Trump won, the stock market would crash so fast and so hard that it would not recover in our lifetimes. Of course, Krugman is right about things about as often as Paul Ehrlich (i.e. almost never), but that did not stop his fellow travelers from repeating that prediction ad nauseum. Now how quick they are to deny that the stock market explosion* since Trump was elected has nothing to do with Trump, or from blaming him for every individual business setback from layoffs at Ma & Pa grocery stores on up. It's not going to work. We recognize base hypocrisy when we see it.

While markets and politics are largely independent of each other, things that Presidents say and do often move the markets one way or the other. Even more important are Presidents' vocal support of business friendly policies to move stock values upward, as opposed to support of government confiscatory policies which tend to retard growth (why bother making money if the government is just going to take most of it), except for rent seekers.

The post election immediate and continuing rise in market values is clearly attributable in large part to Trump's pro business attitude. Here's hoping it lasts.

Anonymous said...

^^^^^So if the market falls, it's Trump's fault???

Anonymous said...

Yes. Yes it is. He owns it.

Anonymous said...

The last jobs report was good? .....Jesus are you retarded or stupid Dave? Black unemployment spiked on this report...but yea it was good. Real good. Probable higher interest? Um yea the Fed has already indicated they are raising 3 times this year so yea. There will “probably “ be higher rates. My God, did you get your Econ degree from KCPS?

Anonymous said...

Asian markets are already down.

I can't wait for tomorrow morning to sit back with a big pot of coffee and watch the morning news shows make excuses for the massive sell offs that will be happening.

And NO MATTER HOW MUCH IT DROPS, they will be telling us this is a good buying opportunity.

Anonymous said...

1:14: No, and it didn't come from Trump U., either.

Anonymous said...

Where did you get YOUR econ degree, 1:14? Inquiring minds want to know.

Anonymous said...

MAGA bitches. This was only caused by Nancy Pelosi showing her ugly face and scaring the stock market into a strip mine.

Anonymous said...

^^^^I hope you're right, but I also hope you've stocked up on cheap cat food just in case!

Anonymous said...

Economic disaster, environmental disaster - are you in a chicken little mood today Tony? What’s next, dogs and cats living together?

Anonymous said...

Japan's down bigly. I hope it's an aberration, but better get some of that cat food. This could mean the end of the obesity epidemic!