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$4+ a gal gas will put a dent in things. Housing is going down like a clown as well soon.
Our old house in a very popular burb sold for $360K when we moved out in mid- 2005.
Since that time it sold once for $249K (after much work was done) and more recently for $305K.
Assuming just inflation from our sale date, the price would be $466.
I'd say that many haircuts have been ongoing. We have a friend who wants to move in the worst way - but they, like many others, are stuck in their house due to the same types of numbers I gave above.
But - remember - Trump shrugs and says that "we all know" things are the best in our HISTORY. They are great because he tweets often. Tweeting obviously now accomplishes long term goals.
$4+ a gal gas will put a dent in things. Housing is going down like a clown as well soon.
I don't see $4 gas happening nationwide any time soon. Oil is collapsing like it did in late 2008 on economic worries. I do think housing and commercial real estate are both in for a world of hurt and could possibly bring down the banking system.
Yeah, if we get a recession you'd probably see the price of gas tumble rather than soar. In fact I suspect fears of a slowdown are a major reason why oil is now in a bear market.
I don't see $4 gas happening nationwide any time soon. Oil is collapsing like it did in late 2008 on economic worries. I do think housing and commercial real estate are both in for a world of hurt and could possibly bring down the banking system.
Yeah, if we get a recession you'd probably see the price of gas tumble rather than soar. In fact I suspect fears of a slowdown are a major reason why oil is now in a bear market.
It is worrisome. OPEC and Russia agreed to cut production by 1.2 million barrels per day, yet even that has not stopped oil from falling (West Texas crude is around $47 per barrel). When oil falls below $50, generally, oil drilling stops, and workers in the oil patch are laid off. Indeed, you have lots of people that receive oil royalties, which helps fuel the economy; when said royalties slide downward....
No doubt that the stock market has, at the least, hit volatile times. The futures are up as of this morning, so hopefully that will lead to an up market today. Yet, it does appear that the steady growth is gone, at least for the time being.
You might want to stick with the DOW which is what has been used from the start of the thread and what its based on from the beginning.
There are lots of markets and the DOW was chosen to prevent confusion, convoluted disconnect and needless arguments.
The epic fail is on you. Don't put a cherry in the apple barrel.
Here's the info on the DOW that I posted a couple pages ago. Maybe you missed it:
Quote:
When Obama was inaugurated, the Dow was at 8,000 points. Two years later, in December 2010, it was at 11,500, for an increase of about 43%. During his whole presidency, it went from about 8,000 to about 20,000, for a 150% increase.
When Trump was inaugurated, the Dow was at 20,000. Now, two years later, in December 2018, it's at 23,600, for an increase of 18%. For him to be on par with how well Obama did during his first two years, it would need to be at about 28,750.
Even if you want to go solely by numbers, Obama went up 3,500 in his first two years and Trump went up 3,600 in his first two years. Not exactly an amazing accomplishment, to "beat" Obama by 100 points. Is that really worth crowing about, especially when the market is falling, falling, falling?
Here's the info on the DOW that I posted a couple pages ago. Maybe you missed it:
We can all pick a point in time and picking one that looks favorable to the desired narrative is easy. Maybe you missed that !!!
Lets say we pick when elected.
There is a market reaction once the certainty is known. That is within keeping with the idea the markets like certainty.
That blows your idea out of the water. It took Obama 5 plus years just to get back to even. Then 3 years later the start of a double bottom sends it back to within roughly 3,000 points of the same level as when he was first elected.
Election to election. Let us know when the DOW hits 18,000 or what it will be after seven years of Trump in office
I see you couldn't answer the simplest of questions, eh?
You got the information wrong. But to answer your question, the current month is December, and you said it was the worst month since the Great Depression, which is still wrong no-matter how you try to spin this or put it on me. Own up to your misstatement.
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