Markets move up and down in the short term but always up for the long term. What's comical on this thread is QO crediting Trump for a day's move upward and then excusing a day's drop.
I am crediting Trump's policies for creating the conditions that allowed the market to rise substantially for 14 months.
The market never goes in one direction continuously.
I felt the market had gotten ahead of itself last week and decided to make some moves with my 401k.
I went 80% cash on Thursday afternoon, and shielded my account from sizeable declines. I was fortunate.
Prior to the close yesterday I moved back in to about 65% equities. I hope it was the right move (normally I never try to time the market, but something clicked this time).
History shows the markets rebound nicely after sharp drops: https://www.cnbc.com/2018/02/02/the-dow-is-plunging-more-than-500-points-what-happens-next.html
My sense is we may go down again today for a while, but eventually we get some equilibrium and buyers return, and we may close up at 4pm.
Economic fundamentals are continuting to improve, tax cuts will be remain significantly positive, the regulatory assaults have been halted.
Good luck to all longs.
You cite the dow's daily performance when it goes up and call that "winning" suggesting Trump is to credit. The dow went up 40+% during Obama's tenure, but I don't think you'd consider that due to him. It is just interesting how you use selective supporting evidence to plug Trump's seemingly massive accomplishments.
posted by ppaw1999https://www.yahoo.com/news/yup-sean-hannity-found-way-043952694.html
The liberla media crediting Obama for the market going up....Hannity blaming him for it going down seems fair.
posted by Dr Winston O'BoogieYou cite the dow's daily performance when it goes up and call that "winning" suggesting Trump is to credit. The dow went up 40+% during Obama's tenure, but I don't think you'd consider that due to him. It is just interesting how you use selective supporting evidence to plug Trump's seemingly massive accomplishments.
obama walked into a Dow that was at the bottom; that is like taking over as head coach of the 0-16 Browns .......and winning 3 games.
posted by QuakerOats
obama walked into a Dow that was at the bottom; that is like taking over as head coach of the 0-16 Browns .......and winning 3 games.
An insane feat we're not likely to see in our lifetimes?
posted by QuakerOats
obama walked into a Dow that was at the bottom; that is like taking over as head coach of the 0-16 Browns .......and winning 3 games.
You could say the same for Trump. The market inevitably goes up regardless of who is in office. It's a horrible metric to measure a president by.
posted by Dr Winston O'BoogieYou could say the same for Trump. The market inevitably goes up regardless of who is in office. It's a horrible metric to measure a president by.
This is simply false. Trump did NOT walk into a market that had bottomed but very much the opposite - the next recession/bear market is very likely to go lower than where we were before election night .
The returns were pretty lousy over Bush's 8 years, for example, because the dot.com bubble popped shortly after he came into office, and then the Great Recession at the end.
posted by HereticAn insane feat we're not likely to see in our lifetimes?
Yeah...probably not the best example.
posted by Dr Winston O'BoogieYou cite the dow's daily performance when it goes up and call that "winning" suggesting Trump is to credit. The dow went up 40+% during Obama's tenure, but I don't think you'd consider that due to him. It is just interesting how you use selective supporting evidence to plug Trump's seemingly massive accomplishments.
That's just QQ being QQ -- the most comically partisan person on site. If something makes an R look good or a D look bad, he'll harp on it daily, constantly praising the R for re-inventing the wheel and blasting the D for ruining the country; if something makes an R look bad or a D look good, he'll ignore it or simply give some sort of "that happens all the time and means nothing" comment.
I mean, if you want intelligent commentary, dude is a black hole sucking away anything resembling actual thought and replacing it with mindless propaganda. But if you want something that's refreshingly predictable in an ever-changing world, his unintentional comedy never fails!
posted by Dr Winston O'BoogieIt is just interesting how you use selective supporting evidence to plug Trump's seemingly massive accomplishments.
You mean like this:
Dow now up 501 points this afternoon ....................more winning!
:)
posted by QuakerOats
You mean like this:
Dow now up 501 points this afternoon ....................more winning!
Lets see..... Dow is up 501 points after being down 1763 from grounsdhog day
Tax cuts are the greatest. They only added to the debt a trillion dollars.
I think you need to work on your maths.
posted by Devils AdvocateLets see..... Dow is up 501 points after being down 1763 from grounsdhog day
Tax cuts are the greatest. They only added to the debt a trillion dollars.
I think you need to work on your maths.
Yeah, the problem is that the government that prints money as if it were just paper voted to let us have a little more of it. You really nailed the issue here, Norman Einstein.
Emerson Chairman and CEO Farr: Impact Of Tax Reform “Cannot Be Overstated.”
The St. Louis Post-Dispatch (2/6, Feldt) reports that Emerson Chairman and CEO David Farr announced on Tuesday that the company reported “a net profit of $394 million during its first fiscal quarter, up 25 percent from the prior year period.” Farr also said that “revenue is expected to be up 11 to 13 percent for 2018 due to the company’s strategic repositioning and new federal tax law.” In a statement, Farr added, “The positive impact of tax reform in the US cannot be overstated. The legislation levels the global playing field for US companies and will drive our economy by encouraging capital investment and ultimately leading to growth of jobs and wages.” He adds, “We expect increased capital formation to have a favorable impact on Emerson’s growth over the next few years as US companies bring home cash and invest in US manufacturing.”
posted by Devils AdvocateLets see..... Dow is up 501 points after being down 1763 from grounsdhog day
Tax cuts are the greatest. They only added to the debt a trillion dollars.
I think you need to work on your maths.
Soooo quit spending irresponsibly...
posted by HereticThat's just QQ being QQ -- the most comically partisan person on site. If something makes an R look good or a D look bad, he'll harp on it daily, constantly praising the R for re-inventing the wheel and blasting the D for ruining the country; if something makes an R look bad or a D look good, he'll ignore it or simply give some sort of "that happens all the time and means nothing" comment.
I mean, if you want intelligent commentary, dude is a black hole sucking away anything resembling actual thought and replacing it with mindless propaganda. But if you want something that's refreshingly predictable in an ever-changing world, his unintentional comedy never fails!
We have 3 huge partisan hacks on this site.
QO is against Democrats
Boogie is against Republicans
Zwick is against intelligence.
posted by Devils AdvocateLets see..... Dow is up 501 points after being down 1763 from grounsdhog day
Tax cuts are the greatest. They only added to the debt a trillion dollars.
I think you need to work on your maths.
Did you send yours back to help the government?
Jobless claims just hit a 45 year low.
Trump approval now higher than obama at same time in his presidency; this despite liberal media's 90% negative reporting.
posted by QuakerOatsTrump approval now higher than obama at same time in his presidency; this despite liberal media's 90% negative reporting.
I'm pretty sure that's spin. The more common measure is the net between approve and disapprove, and on that measure he's still in the crapper.
If the election were held today, he would win again. That is the bottom line.
and he will win in 2020 also. Dems gonna put up someone that has voted no on all this agenda that is winning bigly? Easy to debate against a Dem
Stock market down bigly again. MAGA
posted by MontyBrunswickStock market down bigly again. MAGA
1) I love how talking heads try to explain daily volatility, as if every significant move is driven by some mass change in consensus
2) Many have expected a bear market for some time, preceding a full blown recession. It's been overdue.
3) Professionals don't follow the DJIA. It's not the market. Neither is the S&P500, but that's far more meaningful and actually something that is traded.
4) That said, S&P down over 3% today. That is HUGE. I haven't seen volatility like this since the tail end of the dot.com bubble. And in a market inflated with easy money, THAT is scary.
posted by MontyBrunswickStock market down bigly again. MAGA
+30% since the election.
Perspective matters.