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  • Treasury Secretary Steve Mnuchin says market plunge on Fed rate hike 'is completely overblown'

    From cnbc.com

    Treasury Secretary Steven Mnuchin said Thursday the stock market’s plunge after the rate hike announced by Federal Reserve Chairman Jerome Powell was “completely overblown.” The major indexes reached new lows for the year following the Fed’s decision, with the Dow falling more than 350 points. Mnuchin’s comments came during an interview on Fox Business. The Dow Jones Industrial Average, which was down before Mnuchin’s interview, fell further following his comments, sinking more than 350 points on the day. The Dow has lost more than 1000 points this week. Mnuchin said it would be inappropriate for him to ... (full story)

stfu dweeb and go shopping
Around the end of 2016 all the world was looking to see DOW passing 20k before the end of the year but it did not happen. Is it now trying to get under 20k before the end of 2018?
hey Mnuch, how about NO? hein? how about NO this time. Live with it, long john
I agreed with him this time.
He did the right thing at this moment of the cycle.
If this moment is going down, just let it down and finish it as fast as possible, so a new cycle can start again (start to up).
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This shits always intervene the market when the market is doing its job...no matter whether they perform their jobs well or not...hate this
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  • Story Stats
  • Posted: Dec 20, 2018 3:11pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 2,695