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Old 05-13-2019, 09:08 AM
 
36,245 posts, read 15,870,784 times
Reputation: 8225

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Quote:
Originally Posted by NeutralParty View Post
Trump's failed trade war with China has investors nervous today...

Let's hope it settles down and climbs back.



"When Obama left office it was at 19,732.

When Trump took office the Dow closed at just over 19,827"


What is it NOW? OVER 25!





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Old 05-13-2019, 09:10 AM
 
25,853 posts, read 8,805,594 times
Reputation: 9008
Quote:
Originally Posted by jojajn View Post
I sold all investments last week. I bet the DOW dives deep today.

We are a global market and stocks are global. When trump pulls uniformed economic gimmicks, he hurts Americans. trump must have gotten his economics degree from trump university.
Only those who want to blame someone else for their losses are still in at this point.
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Old 05-13-2019, 09:11 AM
 
14,358 posts, read 3,795,687 times
Reputation: 10559
Quote:
Originally Posted by phma View Post
Only those who want to blame someone else for their losses are still in at this point.
So now you are suggesting...after your OP cheering that we are going up....that all investors should dump their stocks?

Be clear. You obviously have a good record of prediction. Do you think the economy is roaring and we should hold equities? Or, is a recession or depression looming and we should sell???
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Old 05-13-2019, 09:12 AM
 
Location: alexandria, VA
8,974 posts, read 4,217,151 times
Reputation: 5070
Quote:
Originally Posted by Quick Enough View Post
"When Obama left office it was at 19,732.

When Trump took office the Dow closed at just over 19,827"


What is it NOW? OVER 25!




And Trump deserves the credit for every point of gain since taking office? Even though the markets had been on an upward trajectory for several years?
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Old 05-13-2019, 09:14 AM
 
Location: Living rent free in your head
30,838 posts, read 13,329,996 times
Reputation: 21950
Quote:
Originally Posted by Quick Enough View Post
"When Obama left office it was at 19,732.
When Trump took office the Dow closed at just over 19,827"
What is it NOW? OVER 25!
not for long, down 560 right now, how can you stand all this winning? (oops! spoke too soon down 580 right now)

Last edited by 2sleepy; 05-13-2019 at 09:31 AM.. Reason: to update
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Old 05-13-2019, 09:20 AM
 
25,853 posts, read 8,805,594 times
Reputation: 9008
Quote:
Originally Posted by James Bond 007 View Post
You need a top before you can form a bottom. The top is not finished forming yet. Once we hit the far side of the neckline, then you can start looking for double bottoms.
Interesting way to look at it.
If there is a double bottom it could negate the Head & Shoulders pattern. You can have a top without that pattern. It may never develop to conclusion especially in an extended time frame which would push the buy signal into the teens. That is the biggest weakness of a H & S pattern that doesn't have a horizontal neckline.
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Old 05-13-2019, 09:22 AM
 
Location: Kansas City, MISSOURI
8,783 posts, read 2,617,695 times
Reputation: 6739
Quote:
Originally Posted by phma View Post
Interesting way to look at it.
If there is a double bottom it could negate the Head & Shoulders pattern. You can have a top without that pattern. It may never develop to conclusion especially in an expended time frame which would push the buy signal into the teens.
You aren't making much sense.

It's not called a double bottom for no reason. If there is a double bottom forming, where was the top it was coming from?
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Old 05-13-2019, 09:23 AM
 
14,358 posts, read 3,795,687 times
Reputation: 10559
Quote:
Originally Posted by Quick Enough View Post
"When Obama left office it was at 19,732.

When Trump took office the Dow closed at just over 19,827"


What is it NOW? OVER 25!

Well, you can surely pick out any period you want - BUT, starting with the great Tax Reform which was Trumps first actual fiscal policy...is a good start.

That was when the OP was written - about 15 months back.

Even the biggest partisan would understand that a market in motion tends to stay in motion. One would never credit the first few months of any Presidency to policy...UNLESS they could point to specific laws passed, etc. which caused the rise.

"U.S. stocks gained 71.2% in the first two years of the Obama administration, and the 30.8% annualized return bested the historical average by 21.3 percentage points."

In Eight years of Obama, the market returned 235%, or 16.4% annualized.

"From March 4, 1929, through July 5, 2016, U.S. stocks returned an average of 1.71% under Republican administrations and 10.83% under Democratic administrations."

An accident? Wow, that's a big one - a 90 year accident???

Ok, take your number...and let's not complain about the last year and a half - let's go back to the Trump takin office.

20K (rounding off) - 2.4 years ago at 16.4% (Obama returns) = 28,795.00

And so, we should be close to 29 if we follow Obama rules.......

BUT, one has to consider that the Budget Deficit was getting close to balanced and that Trump went into Trillions of addition (not needed) hock to try and do even better! Shouldn't we get something for those Trillions in free money to corporations? Of course.....we shouldn't have done it, but since we did corporations..and the market...should have made more money!

No matter how you spin it, Trump is a disaster....and things are getting worse....in the financial markets. The more honest calculation involved the start of this thread (25K or so) since that was when Trump signed his amazing tax bill (the first big financial laws of his term) and also...by then some of the Obama magic may have been waning. Taking that date - and the trillions of additional deficit projected - we are going backwards.
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Old 05-13-2019, 09:25 AM
 
14,358 posts, read 3,795,687 times
Reputation: 10559
If one believes in the Orange one they would buy, buy buy and back up the truck. He has a plan to make them rich.

If one does not believe in Orange, they'd be more careful - like most investors are.
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Old 05-13-2019, 09:26 AM
 
11,248 posts, read 5,896,567 times
Reputation: 3518
Quote:
Originally Posted by craigiri View Post
Well, you can surely pick out any period you want - BUT, starting with the great Tax Reform which was Trumps first actual fiscal policy...is a good start.

That was when the OP was written - about 15 months back.

Even the biggest partisan would understand that a market in motion tends to stay in motion. One would never credit the first few months of any Presidency to policy...UNLESS they could point to specific laws passed, etc. which caused the rise.

"U.S. stocks gained 71.2% in the first two years of the Obama administration, and the 30.8% annualized return bested the historical average by 21.3 percentage points."

In Eight years of Obama, the market returned 235%, or 16.4% annualized.

"From March 4, 1929, through July 5, 2016, U.S. stocks returned an average of 1.71% under Republican administrations and 10.83% under Democratic administrations."

An accident? Wow, that's a big one - a 90 year accident???

Ok, take your number...and let's not complain about the last year and a half - let's go back to the Trump takin office.

20K (rounding off) - 2.4 years ago at 16.4% (Obama returns) = 28,795.00

And so, we should be close to 29 if we follow Obama rules.......

BUT, one has to consider that the Budget Deficit was getting close to balanced and that Trump went into Trillions of addition (not needed) hock to try and do even better! Shouldn't we get something for those Trillions in free money to corporations? Of course.....we shouldn't have done it, but since we did corporations..and the market...should have made more money!

No matter how you spin it, Trump is a disaster....and things are getting worse....in the financial markets. The more honest calculation involved the start of this thread (25K or so) since that was when Trump signed his amazing tax bill (the first big financial laws of his term) and also...by then some of the Obama magic may have been waning. Taking that date - and the trillions of additional deficit projected - we are going backwards.
Ha, "Obama magic"....At least you admit its just all smoke and mirrors with these politicians and die hard party loyalists. The guy stepped into what was one of the worst economies in the history of our country, no magic, just normal market behavior to trend up after that disaster.
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