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His coalition that probably do a lot of work on exchanging on the stock market. this is the kind of thing that republicans didn t want to talk about, shep, after tax reform and the fact that the tax reform approval increased so much between december and now, it s much more popular. they re dealing with the fact that they re always getting to another government-funding bill or questioning whether or not there will be a government shut down. they have to raise the debt ceiling a fan in a couple weeks. they re looking at the fact that they know they stimulated an economy that was in a bubble. not in a economic downturn. your other gets have noted it s going to lead to rising interest rates and inflation and what is up can come down. they re hoping to ride a political wave and see stability and more growth with the tax reform benefits to ride it up ....
I m tempted to do, you ll see something in the negative. you don t need to do that. you don t lose money until you sell. ashley webster, the final bell will start ringing in 45 seconds. where do we finish? down more than 1,000 points? maybe more sell orders coming in. looks like we ll stay below 1,000 points shep. 4.3%. the s&p 500 is off 100 points, 3.63%. the nasdaq index is now off 3.37%. 237 points in the nasdaq and a wild dow right now. 1,100 points on the dow jones industrial average. thankfully we re not at the numbers we were a few years ago where this would be an enormous percentage. today it s not. let s listen as the final bell ....
it feeds on itself, shep. once you see one big drop down, somebody else is saying get on the phone to that i can brother. shepard: like we might test though lows again? we could. it s interesting. funny about the president. for the first time he didn t mention the markets. shepard: who didn t? the president. rightly so. he can still take credit for a 20% gain. shepard: he can take credit for it if he wants to take blame. previous presidents have said you can have that. i don t know what will happen there. we ll see. shepard: he might have to worry with a fix. maybe. think tax reform is helping. overall people will say let s get this out of the way. we re clearing off the frothe off the top of the market. that s what we re doing. we re back down again 1,000. we re retesting the lows. shepard: a lot of frothe. i got that much frothe in my beer, i would slide it back to ....
In fact, it s down so much the graphics don t fit on our screen right now. the dow is officially now in market correction. should it close at these levels. should close at these levels. we re seeing across the board nor the dow jones average, all of these stocks including apple, which you ll remember, shep, some of us reporting last week earnings of a dis appoiappoindi. wells fargo down 8.5%. the s&p down 5% from the latest high, which was again set on january 26. investors are clearly worried about evidence of rising inflation in the united states. when it costs more to borrow money, which it will especially from the federal government, we talked about the 30-year treasury, when it costs more to borrow money and people stop spending. when people stop spending, ....