davidsf
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Posts: 5,252
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Post by davidsf on Aug 25, 2019 19:24:07 GMT -8
I have not looked at this on my own.
But I am told not only did the Dow Jones drop 623 points Friday, but today’s Sunday Dow futures is openef at another 300 points lower.
I will bet you something that will never be proven: With all the liberal luminaries calling for a recession as the only way to defeat Trump in the next election, I bet Siri’s is behind this... and that it will get worse!
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Bick
Administrator 
Posts: 6,900
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Post by Bick on Aug 25, 2019 20:35:18 GMT -8
It wouldn't be horribly surprising if it dropped to just under 25,000 at some point over the next few months. Need to look at the trendline over the past 3 years to get a better perspective. Draw a line from the closing points on 2/12/16 to 12/14/18, and extend on that trajectory. Will be a little bearish if it breaks down through that line.
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Credo
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Post by Credo on Aug 25, 2019 22:00:57 GMT -8
I'm no expert on this but the fundamentals of the economy (employment, wage growth, lower taxes and regulation) seem to be too strong to support recession. Trump is finally taking on the long overdue task of re-orientating trade policy with China in a way that is favorable to the American worker and not just to the bottom line of multinational corporations. A fair amount of Wall Street is highly opposed to any change in the status quo, thus the roller coaster on the stock market. Trump is supporting Main Street and not just Wall Street, and it will require some short-term pain for the overall greater gain that will come from weaning ourselves off dependency on cheap Chinese labor.
We're still the greatest economic power on the world; China needs us more than we need them.
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davidsf
Master Eminence Grise
Posts: 5,252
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Post by davidsf on Aug 26, 2019 6:48:18 GMT -8
My 401K is heavily weighted in Bonds so I’m not AS worried...
But it bothers me that the clueless liberal entertainers are calling for our economic destruction (something in which George Soros is continually interested) as a means to win an election. Talk about cutting off your nose to spite your face...
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Bick
Administrator
Posts: 6,900
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Post by Bick on Aug 26, 2019 8:03:40 GMT -8
Buy puts... You'll be golden
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RSM789
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Post by RSM789 on Aug 26, 2019 13:20:32 GMT -8
Whatever you do, don't take stock advice from JQP - that boy is clueless!!
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MDDad
Master Eminence Grise
Posts: 6,814
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Post by MDDad on Aug 26, 2019 14:22:40 GMT -8
Yeah, whenever I feel I need some guidance in rebalancing my portfolio, the first place I always go is to a bunch of anonymous dorks on an internet forum.
As best I can tell, JQP is an older guy who's still working for a living, so how sage an investor could he be?
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tarmac
Senior Statesman
Posts: 859
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Post by tarmac on Jun 18, 2021 7:41:33 GMT -8
Are we still in the Trump Stock Market or did we switch over to the Biden Stock Market?
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MDDad
Master Eminence Grise
Posts: 6,814
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Post by MDDad on Jun 18, 2021 7:57:47 GMT -8
Are we still in the Trump Stock Market or did we switch over to the Biden Stock Market? It depends on whether it went up or down that day. |
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SK80
Master Eminence Grise
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Post by SK80 on Jun 18, 2021 8:34:01 GMT -8
It's down today, I'm calling "BIDEN".
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billb
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Post by billb on Jun 26, 2021 0:43:37 GMT -8
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tarmac
Senior Statesman
Posts: 859
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Post by tarmac on Jul 19, 2021 10:24:48 GMT -8
DOW down over 900 points today.
Blue States going to closed down again.
School Teachers will not go back to the classroom.
COVID Vaccine not working.
Airline stocks crashing.
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Post by mrright on Jul 19, 2021 12:10:28 GMT -8
maybe the dems can offer a stock by back program..like they do with guns
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MDDad
Master Eminence Grise
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Post by MDDad on Jul 19, 2021 12:27:49 GMT -8
Typically, a new president should not be given credit or blame for what the stock market does in his first six months in office. That is not the case in 2021. This is a Biden stock market since the first billion dollar boondoggle he rammed into law.
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Post by mrright on Jul 19, 2021 12:34:58 GMT -8
Typically, a new president should not be given credit or blame for what the stock market does in his first six months in office. That is not the case in 2021. This is a Biden stock market since the first billion dollar boondoggle he rammed into law. even if his party shut the country down? |
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