Stock sell off yesterday continues today

Discussion in 'Current Events' started by JakeStarkey, Jan 30, 2018.

  1. PT78

    PT78 Banned

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    Pass.
     
    Last edited: Mar 3, 2018
  2. Wild Horses

    Wild Horses Well-Known Member

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    This is Conservative code speak for "I have no clue what I am talking about, and I am too stupid to try."
     
    Last edited: Mar 3, 2018
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  3. Josephwalker

    Josephwalker Banned

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    Actually it's beating a guy to the punch. Inside joke.
     
  4. Wild Horses

    Wild Horses Well-Known Member

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    Doubtful.
     
  5. Chuck711

    Chuck711 Well-Known Member

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    Trump robs the middle class and reduces the Tax burden to the Wealthiest Americans

    Then borrows money to run the Government. Yeah he's a Genius !!!


    The Treasury is set to borrow nearly $1 trillion this year, and at least that much afterward.

    The Treasury quietly released data showing it would need to borrow $955 billion in 2018,

    and more than $1 trillion in the two subsequent years.

    The government's financing needs come as the economy is picking up escape velocity.
     
  6. Guess Who

    Guess Who Well-Known Member

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    So it is ok if dems do even worse?
     
  7. Chuck711

    Chuck711 Well-Known Member

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    Trump is doubling the amount of Government Borrowing that has been done under President Obama in bringing the USA out of the Great Recession.

    While America has been for the last 7 years enjoying a healthy economy.


    Especially bad since Trump has added $1.5 Trillion dollars to the National Debt due to the Wealth Shift Legislation.

    So essentially borrowing money that the majority of American will be paying back to give that money to the Wealthy.

    Buffett got a $29 million dollar tax break...............that he didn't need as him and other Corporations have been raking in records profits.

    Trump taking care of his wealthy friends at the expense of the majority of Americans.
     
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  8. Guess Who

    Guess Who Well-Known Member

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    All true, but how does this excuse the death and destruction done by libs? All are warmongers only difference is libs only like dems wars.
     
  9. yardmeat

    yardmeat Well-Known Member

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    Take he inverse. That's literally what I've been hearing from Trumpeters. So can we both now agree that both sides greatly exaggerate the degree to which their guy "owns" the economy? Is that too much to ask for?
     
  10. yardmeat

    yardmeat Well-Known Member

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    Based on what measure?


    Meanwhile Trump's support also comes from collectivists. And you are trying to compare quarterly growth under Trump to annual growth under Obama. Which is sad and intellectually dishonest.
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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  12. truth and justice

    truth and justice Well-Known Member

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    Wow, celebrating that the market is at the level of 13 months ago!

    Meanwhile, 4th quarter 2018 GDP estimate is 1.4%
     
    Last edited: Feb 23, 2019
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  13. Vegas giants

    Vegas giants Banned

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    Yeah it is still way down off the highs.


    Any investor knows this
     
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  14. JakeStarkey

    JakeStarkey Well-Known Member

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    GDP is and will be a bit around 1% for the next 12 months, and the stock market has caught up after 13 months where it was then.

    This is good news but not any Trumpian victory.
     
  15. Thought Criminal

    Thought Criminal Well-Known Member Donor

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    The first estimate report won't be issued until the end of the month. Where did you get your sneak peek?
     
    Last edited: Feb 23, 2019
  16. Quantum Nerd

    Quantum Nerd Well-Known Member

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    LOL! Where were you when the market went sideways during most of 2018, or had the big selloff in December?

    Now, that the market is looking up again, you are out of the woodworks, cheering as if Trump did it.

    Newsflash: The market goes up and down. In the long run, it goes up, no matter who is president. All this stock market cheerleading is just plain silly.
     
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  17. Pollycy

    Pollycy Well-Known Member

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    Don't anybody get too concerned about the fate of the Federal Reserve's darling stock market. When financial reality began to get some momentum two months ago, and the Fed actually did raise interest rates by another piss-ant quarter of a point, Wall Street freaked out, thinking, "Holy sh*t, the Fed really is going to raise interest rates closer to where they should be and start getting rid of trillions of dollars of that Fed 'balance sheet', so full of near-worthless, toxic crap!"

    The market went into a SWOON at the thought that Mama Pig Fed would actually make the piglets start fending for themselves instead of sucking any more ultra-cheap 'credit' -- so, Mama Pig Fed relented and started "talking nice" to Wall Street about not raising interest rates any more... and the little pigs were instantly resuscitated! :banana:

    Now, after that 'nasty scare' is over, the little piglets are happy again, confident that Mama won't make them operate outside the fantasy world that the Fed imposed on the economy beginning in summer of 2007, with all its endless, abundant money at near-zero interest rates, along with a CHEEP dollar. And now, everybody on Wall Street is "as happy as pigs in sh*t!" :clapping:

    The rest of us? As far as the Fed and Wall Street are concerned, the rest of us are just 'gravel on the road'....
     
    Last edited: Feb 23, 2019
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  18. Longshot

    Longshot Well-Known Member

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  19. JakeStarkey

    JakeStarkey Well-Known Member

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    No one who knows the market that thinks that, Longshot.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    You would prefer were not have Dow's 9-week winning streak is the longest in nearly 24 years?
     
  21. Bluesguy

    Bluesguy Well-Known Member Donor

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    You're right it would have been better had we had Dow's 9-week "losing" streak is the longest in nearly 24 years
     
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Who said anything about Trump? Why would you prefer we not have a market heading back to the previous highs?

    Do you not understand the concept of buy low sell high? Stocks were a bargain last year.
     
    Last edited: Feb 23, 2019
  23. Vegas giants

    Vegas giants Banned

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    No. It would be better if we reached new market highs. Long term.investors are still at a loss.

    Any investor knows this
     
  24. JakeStarkey

    JakeStarkey Well-Known Member

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    Because America does not have confidence in Trump economic policies, investing America is uncertain of the stock market. The 13-month flat average with the drastic ups and downs demonstrates American voters are not happy with Trump economically.
     
  25. squidward

    squidward Well-Known Member

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    The stock market has no functional relationship to the economy.
    100% FED supported.
     
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