Liberals don't get it yet but they will. Obama has destroyed the US economy and the stock market will tank accordingly. The Jim Cramers and other snake oil salespeople at CNBC are leading people down a path to economic ruin. Anyone that has money in stocks should sell while they still can! It's going to get real ugly and there is no guarantee the US stock market even reaches the recent highs again in the next several years. http://www.marketwatch.com/story/dow-set-for-triple-digit-drop-as-oil-breaks-under-30-2016-01-15
Hey, Jim Cramer is definitely an (*)(*)(*)(*)(*)(*). But the stock market is in the beginning of a bear market, not a crash market.
A bear market is only defined as 20%, and many stocks have already gone down that much. A bear market would be great but that's not what is unfolding, what now is starting is far worse and there is nothing to hold stocks up. The Obama economy is imploding and stocks implode with it. An economy built on part-time workers and welfare recipients is not real economy.
Dow hits new all-time intraday high http://www.cnbc.com/2016/07/12/us-markets.html Yet another spot on Sammy prediction. Just like these: 11/20/12 Dow at 12,788 9/22/11 Dow at 10,733 6-29-2010 - Dow: 9,870 9-4-2009 Dow closed at 9,441: You think he ever gets tired of being so wrong all the time?
List of burn centers in the United States Also this http://fortune.com/2016/07/11/s-and-p-500-record-high/ Stocks are at an all time high, though investors seem to be seeing a reduction in profits. I personally abhor the way the stock market works, and it's complete detachment from reality. I'll never understand the Conservative argument that Liberal "feeeelings" are such a bad thing, when one of the markers of the global financial system is based off of the 'feelings' of investors.
There is no doubt there are sociological and emotional elements to stock valuations. But there are factual data behind it as well. Stock valuations are in part a function of economic news -- this latest rally came after a strong employment report and other positive economic news -- but a forward looking speculation as to what will happen in the future as well.
I understand that, but when your global financial system can take a hit because of a fake tweet, there is a serious problem in it. Valuation of a company should be based on the reality of that company, not what others expect of it. But in general, the stock system has lost it's way. I think High Frequency Trading and automated Trades should be taken out of the system entirely.
That doesn't even make sense. People buy or sell stock on expectations of what it will do in the future. I have a little different take on it. In my view, since the great inequality gap starting in the early 1980s (where economic wealth of the top 1% has basically double from about 20% to about 40% of the total gross wealth), combined with the slashing of investment taxes, we've seen the scenario where 1) much more of the wealth, and thus ability to buy stock, is concentrated in the hands of few, wealthier people, and 2) the tax environment encourages speculative investing over production and earning. We have fewer people with far more wealth with huge tax incentives to try to speculate in the stock markets. This is driving the great volatility which we will continue to see until we start to reverse the inequality trend and eliminate the tax incentives to speculate over produce.
Yeah I guess that makes sense. I just have a real problem with the financial foundations of our countries based on speculation. Speculation that can be easily manipulated now that Computers are doing the majority of the trading. Like I said previously, if a hacked twitter account can cause a 130 billion drop in seconds, there is a serious problem that needs to be addressed. Very true. Stocks should be based on the measurable reality, as they seem to be more and more detached from the reality that we as a group of people live in every day.
It's quite hilarious. This sums it up rather nicely. The hypocrisy of it all, and the shame that goes with the "feelings" debate, because in this case, thousands of people can lose their life savings because of the "feelings" of investors. I for one am sick of the wall street casino and the BS financial nonsense that they create to scam us out of our money.
Dow Jones on 1-17-16 when you wrote this post: 15,988.08 Dow Jones today, 1-4-17: 19,942 Percent change in the Dow since you wrote this post: +24.7%. Obama sure has destroyed the US economy. The stock market sure tanked. The people at CNBC sure led folks to economic ruin. It sure got ugly. What I do admire about you is that you have the cojones to continue to come here and shrill for the GOP even after years of making yourself look utterly foolish like this.
