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Old 11-12-2018, 10:26 AM
 
Location: Charlotte NC
11,899 posts, read 9,444,011 times
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Rule #1: Never take credit for the stock market in good times...
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Old 11-12-2018, 10:53 AM
 
27,274 posts, read 9,271,007 times
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Quote:
Originally Posted by Feltdesigner View Post
Rule #1: Never take credit for the stock market in good times...
No.

Buy low sell high !!! That's always been the #1 rule.
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Old 11-12-2018, 11:42 AM
 
15,751 posts, read 4,171,311 times
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Quote:
Originally Posted by phma View Post
No.

Buy low sell high !!! That's always been the #1 rule.
Except it's like saying "buy only the winning lottery tickets".

If it was so easy, lots of people would be doing it. But they are not.

I think it's fair to say now that we'll have a "lost year" in 2018 of the DOW you first referenced. There is no way - no word manipulation or "whatabout" that can claim this is a YUGE amazing economy based on that Metric. In fact, it's a terrible year compared to most others.

https://finance.yahoo.com/quote/DIA/performance/

Scroll down a bit to % of DOW returns.

2017 was, of course, set up and already underway by the performance in 2016 and in the every year before that except one (dating back to 2009).......

So if we take the "market after Trumps tweets, threats, tariffs, chaos, etc." was having an affect, we can say that it certainly doesn't look good. Note that Obama (2013) after re-election beat even the run-up he set up at the end of his 2nd term (2017)...

Nothing turns on a dime - and this may get repetitive, but it's basic common sense that business does not like change and chaos. At the very start of Trumps term he was given a chance...even with all the lies and immature behavior, enough people figured he couldn't stop a raging bull. That's why his approval rating was almost 50% for the first few months.

Since that time his approval has fallen 20% and stayed there and the markets are reacting to his monkeywrenching. Markets don't turn on Reality TV. More likely, outside of single-source bubbles, they turn on actual economic indicators and increased trade.

But the current admin is against "globalism" - you know, the thing that has been going on for about 800 years or more.
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Old 11-12-2018, 11:45 AM
 
15,751 posts, read 4,171,311 times
Reputation: 11278
Quote:
Originally Posted by Feltdesigner View Post
Rule #1: Never take credit for the stock market in good times...
Why not? If your cult believes everything you say, you may as well say everything. They will suck up the "good stuff" and ignore all the lies. Oh, they will also believe many of those too.

There are certain realities we cannot ignore. Trump is the least popular POTUS in any recent history. He is also rated dead last in ALL of history among POTUS office holders.

This isn't just a "rating" - because to fall near the bottom, a guy like GWB had to start those wars, lose them, create the Great Recession and MUCH MORE. So, in theory, that means we will have many large events to deal with as a result of the worst of the worst. Many of these will come as a result of his actions and policies -but not until after he is gone (we are still paying dearly for the Great Recession and the war debts and the lack of GWB starting to deal with health care, etc.).

We may have seen nothing yet.
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Old 11-12-2018, 01:52 PM
 
Location: NC
5,126 posts, read 1,840,496 times
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todays drop is obviously a delayed reaction to the Dems taking the house.
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Old 11-12-2018, 01:57 PM
 
11,503 posts, read 6,014,699 times
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Quote:
Originally Posted by craigiri View Post
Why not? If your cult believes everything you say, you may as well say everything. They will suck up the "good stuff" and ignore all the lies. Oh, they will also believe many of those too.

There are certain realities we cannot ignore. Trump is the least popular POTUS in any recent history. He is also rated dead last in ALL of history among POTUS office holders.

This isn't just a "rating" - because to fall near the bottom, a guy like GWB had to start those wars, lose them, create the Great Recession and MUCH MORE. So, in theory, that means we will have many large events to deal with as a result of the worst of the worst. Many of these will come as a result of his actions and policies -but not until after he is gone (we are still paying dearly for the Great Recession and the war debts and the lack of GWB starting to deal with health care, etc.).

We may have seen nothing yet.
Fascinating that people actually believe that such a large and long building part of the economic cycle was caused by one individual. Its such a ridiculous statement.
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Old 11-12-2018, 04:43 PM
 
Location: Wisconsin
21,568 posts, read 44,236,388 times
Reputation: 15202
Quote:
Originally Posted by Ponderosa View Post
The boom is over. Trump's failed foreign policy, tariffs, and an ill-advised tax cut will lead to recession this year unless he is stopped and his mismanagement reversed.
Perfect synopsis in a nutshell. I've been saying this (with a whole lot more words) for six months all over this thread and the investing forum.
Quote:
Originally Posted by craigiri View Post
There are certain realities we cannot ignore. Trump is the least popular POTUS in any recent history. He is also rated dead last in ALL of history among POTUS office holders.

This isn't just a "rating" - because to fall near the bottom, a guy like GWB had to start those wars, lose them, create the Great Recession and MUCH MORE. So, in theory, that means we will have many large events to deal with as a result of the worst of the worst. Many of these will come as a result of his actions and policies -but not until after he is gone (we are still paying dearly for the Great Recession and the war debts and the lack of GWB starting to deal with health care, etc.).

We may have seen nothing yet.
Anyone notice yet how electoral college presidents are such disasters? - Every....Single....One....Calamity Joes without compare. The people really do know best - but our system doesn't recognize it. Instead morons take office and calamity ensues. This latest didn't take long, either. Less than two years - and we're on the verge of market collapse. None of this would have occurred where it not for tariffs - which have completely destabilized global trade in a myriad of industries, destroyed tech, and removed market underpinnings. Tech has been propelling the Dow.

Gotta love that moron-in-chief. He's true to form - destroys and brings to bankruptcy everything he touches.

Making
America
Go Broke
Again
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Old 11-14-2018, 09:06 AM
 
Location: Denver CO
21,293 posts, read 11,930,150 times
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Quote:
Originally Posted by phma View Post
Here we go !!! DOW down over 400 points early.

President says stock market is rattled by prospect of Democratic ‘harassment’

http://www.marketwatch.com/story/tru...dist=bigcharts

Trump said the stock market is being hurt by the prospect of Democratic lawmakers “harassing” him.
Big headache for the markets.
wow, he really is a narcissistic little beyotch, isn't he? You'd think he would have learned in the past couple of years that the world does not actually revolve around him now that he's out of the cocoon of Trump Tower, surrounded by sycophants who are paid to reinforce his fake idea that he's the center of the universe.
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Old 11-15-2018, 10:22 AM
 
15,751 posts, read 4,171,311 times
Reputation: 11278
To those who say no POTUS has an effect on the stock market......

You are wrong....unless you claim a POTUS has no effect on trade, which is what the stock market is based upon!

"Trade war, what is it good for? (Apple Computer and why it is dragging the Market Down)
The first reason that Kuo cited was "negative impacts on consumer confidence from the trade war, especially in the Chinese market."
The Chinese market is an important one for Apple."

(example - above in quotes from an analyst).....

Saying a POTUS has nothing to do with the markets is folly. There are some moves and some cases where - of course - factors outside his or her influence have some sway.

But who can doubt that the trade wars (talk of), tariffs and other such BS emanating from the Great One is causing us all to lose money (or not make as much, which is the same)????

Saying a POTUS has nothing to do with markets is "whataboutism" and "false equivalence" combined, specialties of propagandists. All arguments are not equal and many statements contain truth.

As many here have noted, if the DOW was 30K we KNOW that Trump and the OP here and millions of others would take the credit. Yet here we have a fairly obvious cause and effect...and some say "nothing to do with it"?

Sorry, not the truth.
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Old 11-15-2018, 10:53 AM
 
Location: NC
5,126 posts, read 1,840,496 times
Reputation: 2374
Quote:
Originally Posted by craigiri View Post

You are wrong....unless you claim a POTUS has no effect on trade, which is what the stock market is based upon!


No, it isnt. Markets are based on future expected value of something.
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