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Old 02-22-2019, 10:42 AM
 
26,353 posts, read 8,958,873 times
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Quote:
Originally Posted by Mikala43 View Post
lol.
When you are done laughing check your wallet and see if its still there. lol
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Old 02-22-2019, 10:46 AM
 
Location: Middle of the ocean
31,386 posts, read 19,788,479 times
Reputation: 45261
Quote:
Originally Posted by phma View Post
When you are done laughing check your wallet and see if its still there. lol
OMG. It is.

Now what?
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Old 02-22-2019, 10:49 AM
 
Location: alexandria, VA
9,214 posts, read 4,280,749 times
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Quote:
Originally Posted by phma View Post
When you are done laughing check your wallet and see if its still there. lol
Tax refunds are down more than $5 billion from this time last year due to the 2017 tax reform package.
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Old 02-22-2019, 12:24 PM
 
26,353 posts, read 8,958,873 times
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Quote:
Originally Posted by r small View Post
Tax refunds are down more than $5 billion from this time last year due to the 2017 tax reform package.
Relax !!! The Fed has everything under control !!!
Thanks to Trump the economy is strong and in good position to weather the negatives like a global slow down.


Fed sees steady but slower growth and stable inflation for U.S. economy in 2019

http://www.marketwatch.com/story/fed...dist=bigcharts
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Old 02-22-2019, 02:15 PM
 
26,353 posts, read 8,958,873 times
Reputation: 9160
Quote:
Originally Posted by Mikala43 View Post
OMG. It is.

Now what?

Now you put this fact in your belief column & a note in your wallet as a reminder of reality :
The DOW has had the strongest weekly winning streak in many years. During that time people were on here fearmongering like political hacks on CNN.


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

It was the ninth straight weekly gain for the Dow and the Nasdaq, marking the first time since 1964 that the indexes rose in the first 8 weeks of a calendar year.
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Old 02-22-2019, 05:34 PM
 
Location: The 719
14,500 posts, read 22,361,359 times
Reputation: 13810
Quote:
Originally Posted by phma View Post
The market is within a 1000 points of a new all time high. What is wrong with investors ? Don't they know how terrible things are. Risking their own money like that.
Why won't they listen to the anti-Trump narrative ?
People might want to sell right here and not risk more up side gains. Lock in those profits they made buying in at the low thousands of points ago.
Happy weekend! Enjoy yo monay!
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Old 02-22-2019, 06:04 PM
 
Location: New York
1,323 posts, read 249,306 times
Reputation: 966
Quote:
Originally Posted by r small View Post
Tax refunds are down more than $5 billion from this time last year due to the 2017 tax reform package.

Jeez... that's because there was more in each paycheck.

I thought the left wanted more tax revenue? No? Yes then No then Yes?

Make up your freaking minds!


Ohhhhhhhhh, I know, it's that $10k cap on property taxes that the left hate. I'm not rich enough to be affected by that, so head right on you rich whiny liberals. Pay your fair share.






9 str8 weeks of the markets up - best performance in 26 years.


6 Trillion added to the wealth of the nation. Fair trade to me.
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Old 02-22-2019, 06:13 PM
 
14,689 posts, read 3,899,528 times
Reputation: 10718
There is no stretch of the imagination where all the data, taken in total, is any kind of boom.

"slow and stable" - well, I'll agree with the slow part. Stable? No one knows that. But people who really DO know.....know stuff like....

The Fed doesn't stop short on their plans to get interest rates up to normal unless they are force by a slowing economy to do so. 10 years after the GWB Great Recession this should not be the case.

Vanguard, which is quite reputable, just downgraded their 10 years stock market predictions from 8-9% to 5% a year. That's "slow" growth, maybe VERY slow when you figure the averages are closer to the 9%.

"The world economy is headed for a period of "dull, low" growth, according to fund manager Janus Henderson"
Yeah, that's slow and stable.


And, as to who is to blame - every single article and economist seems to mention this:
"A long-running U.S.-China trade war and uncertainty around the U.K.'s exit from the European Union has soured business and consumer sentiment in recent months."

MAGA. Except......we aren't. Every time I look at my investments I notice that I made a LOT more when I choose 5 year, 10 year or "since inception" as opposed to shorter time periods closer to today. I may not be an MIT math grad, but I certainly know what THAT means.
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Old 02-22-2019, 06:20 PM
 
14,689 posts, read 3,899,528 times
Reputation: 10718
Quote:
Originally Posted by phma View Post
Now you put this fact in your belief column & a note in your wallet as a reminder of reality :
The DOW has had the strongest weekly winning streak in many years. During that time people were on here fearmongering like political hacks on CNN.
.
Interesting....not a single one of my investing reports has charts and returns calculated for arbitrary amounts of weeks......

As you well know, if the market goes down 2,000 points and then up 1800, people like you AND the media will cheer about that 1800 point rise.

I think it would be very fair of me to use 26K as a start ONE YEAR AGO (it was actually higher at some point)...as the baseline.

Using that and taking a decent one year return to now...nothing amazing like Clinton or Obamas years, but just a regular 10%.....that would make it 28.6K that we should be by now. Of course, time moves on so with another 10% rise for 2019, that means DOW 31K plus at the end of this year would be "normal to nice".....30K would be OK.

Neither of them are any kind of amazing boom times. When did it becomes the Bestest Ever to have normal returns? My average is about 10.7% over 30 years...

Given that corporate tax break and all the millions of new highly paid manufacturing jobs in the USA...and that massive uptick in wages, these companies should be off-the-charts. Cars and Real Estate should be booming.
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Old 02-22-2019, 08:27 PM
 
Location: Middle of the ocean
31,386 posts, read 19,788,479 times
Reputation: 45261
Quote:
Originally Posted by phma View Post
Now you put this fact in your belief column & a note in your wallet as a reminder of reality :
The DOW has had the strongest weekly winning streak in many years. During that time people were on here fearmongering like political hacks on CNN.


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

It was the ninth straight weekly gain for the Dow and the Nasdaq, marking the first time since 1964 that the indexes rose in the first 8 weeks of a calendar year.

How many times have you changed your "the dow is not the economy" and "the economy is doing well, just look at the dow?"

Though I admit, I think the economy would be doing better without the Disaster In Chief.
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