Quote:
Originally Posted by mineistaken
Not really. Stocks can move on president speech alone, let alone on president's action.
Secondly - economy, business (and thus eventually dow) can move even on the "mood" (do they see positive or negative future) of the people and of the companies (for example there was a poll with showed small business owners in record positive mood after Trump's election).
All those things move markets.
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True. Back during the campaign Trump was asked about helping the lower the national debt and he kind of off-hand suggested that we just not make good on the bond debt we had issued. At the time it was just a candidate throwing out an answer to a random question. If he said that now, as POTUS, it would likely cause the market to drop badly.