Trump's Election and the Markets

Discussion in 'Finance, Investments, and Careers' started by crisper57, Nov 9, 2016.

  1. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Well I guess it's good I sold Amazon when I did, what with Trump deciding to personally try and bury them. Another example of abuse of power. He actually made a fair point about Amazon and taxes(ironic with Trump) and their use of the post office, but of course the real reason he doesn't like them is Bezos owns a newspaper that has been very critical of Trump.

    But he made the stop drop significantly on thursday by tweeting about them and now the White House is denying rumors he's going to go after them with policy changes designed to target Amazon specifically
     
  2. puckhead

    puckhead Waxing Gibbous Contributor

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    This article digs a little deeper into the PO's issues. (Spoiler Alert: it's not just Amazon)

    https://www.vox.com/2017/12/29/16830128/amazon-trump-twitter-postal-service-feud
     
  3. AsUpRoDiGy

    AsUpRoDiGy Magnanimous

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    Market down 2% across the board. Tech and Oil taking a hit. Another tweet by Trump, and another down day for Amazon.
     
  4. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    Yeah there's no question as the article said it's not a black and white thing and it's not package delivery that hurts the USPS it's the cost of employees and benefits, and the rapid decline in mail.

    My last employer the CEO was a firm believer in saving money and used to advocate using USPS over Fed Ex or UPS for shipping lots of things, we're willing to wait an extra day for it to arrive if we can save 40 to 50% on the cost. As you can imagine most of the company ignored that and insisted on using faster and more expensive shippers.

    But as the article said the real reason Trump is going after Amazon is likely that Washington Post article. and today the whole market are tanking and Amazon is down about 5% because again Trump is attacking them.

    So the guy who insists not paying much in taxes is him being smart and taking advantage of loopholes, not being greedy, is attacking Amazon for being smart and using advantages of scale to negotiate good deals? Just like the man who paid women who accused Bill Clinton of sexual impropriety to appear at a debate, was at that very time in the process of paying Stormy Daniels to be quiet about having sex with Trump.

    He's such a hypocrite. The combination of his trade war, which he says are easy to win and so far he appears to be losing, and his attacks on Amazon are hurting the markets. The real irony here is everyone else is attacking Facebook for their security issues and Trump is attacking Amazon, why? Because FB's lack of security actually helped Trump win the election.
     
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  5. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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