Profile image
By Jeffery Pritchett
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Stock Market Crash 2017 & The Trump Variable (Video)

Thursday, September 7, 2017 4:13
% of readers think this story is Fact. Add your two cents.

via Peter Schiff

Fire and Fury Not Strong Enough

Donald Trump’s saber-rattling against North Korea continues. Yesterday the President was asked to clarify his statement about the “fire and fury” and he came out and said that that wasn’t strong enough; he was really sugar-coating it. What he really means is something worse – if anything his statement was not strong enough. Again, today Trump issued another threat that N. Korea had better be careful, if they say anything if they will regret it big time, so the level of rhetoric is rising.

A Legend in Trump’s Mind

He was talking about the booming economy, the stock market at record highs, employment surging, all these jobs coming back. He is spinning this ridiculous phony story about a recovery that doesn’t exist. Just as I pointed out he took credit for building up our nuclear armament to a level higher than it has ever been – all this is happening, unfortunately, in Donald Trump’s mind.

Volatility Up

There was a big down day in the markets; it dropped over 200 points yesterday; there was a small bounce back today – the Dow was up about 14, not a major recovery, But if you look at the Vix, which is a measure of fear, a measure of volatility, it was near the lows, below 10 mid-week and it spiked all the way up to 16 yesterday, which is the highest it has been since April. It looks like it is above a key moving average on a weekly chart, so that shows a heightened risk in the market.

Dollar No Safe Haven

Interestingly enough, the dollar index closed near the lows of the day, just at around 93 even. It is down on the week. In fact, this is the lowest weekly close for the dollar index for the entire year. Now, you would expect the dollar to have some kind of a safe haven bounce with all of the saber-rattling – all of the worries about nuclear war. Typically, you would get money going into the dollar. I guarantee you, if the circumstances were the same a year ago, there would have been a big rally in the dollar this week. But not now.

We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.