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So much for MAGA and bringing back home all of those manufacturing jobs. Worst report since the Great Recession and the market is tanking hard. I thought winning trade wars was easy? Apparently not.
Yes, we will obviously still have manufacturing, but it will be done by machines and third world peasants. Essentially, manufacturing has gone the way of agriculture. Like agriculture, manufacturing is no longer a source of employment for the masses.
Unfortunately, the masses will have to learn to become drug dealers, prison guards, prison inmates, fast food workers, and home heath aides.
The least we could do is have a national healthcare system to take care of the working poor, like every other first world country. But we probably won’t ever get it because too many white people fear that too many blacks and Hispanics would benefit. I recall that famous quote by LBJ.
"Great" economy like under Clinton/Obama would be about 12% a year.
Dow would be 31,300
Therefore it has "tanked" a vast amount below what even a good, let alone "great" or "best ever" type of economy would be.
I've been in stocks since the early 1980's and always invested for myself. My average is about 10.6 over decades.
Please....don't tell me that 3% is good. In addition, you are not addressing the actual point of the thread. That is, the Manufacturing Report and ALL of the other data.
Most are in indexes which were higher 18 months back.
You are responding to a post that claims the worst manufacturing report since 2009 has "tanked" the market TODAY. Obviously a small 1.28% correction is by no measure a "tank".
In what way does a market valuation 18 months ago mean anything in relation to the O.P.?
So much for MAGA and bringing back home all of those manufacturing jobs. Worst report since the Great Recession and the market is tanking hard. I thought winning trade wars was easy? Apparently not.
You are responding to a post that claims the worst manufacturing report since 2009 has "tanked" the market TODAY. Obviously a small 1.28% correction is by no measure a "tank".
In what way does a market valuation 18 months ago mean anything in relation to the O.P.?
In context.
Just like the fact that "new highs" when those highs represent a 3% yearly gain don't mean anything...no matter what...yet people quote them!
Unlike such people I have 40+ years experience in business and investing.
Yes, we will obviously still have manufacturing, but it will be done by machines and third world peasants. Essentially, manufacturing has gone the way of agriculture. Like agriculture, manufacturing is no longer a source of employment for the masses.
Unfortunately, the masses will have to learn to become drug dealers, prison guards, prison inmates, fast food workers, and home heath aides.
The least we could do is have a national healthcare system to take care of the working poor, like every other first world country. But we probably won’t ever get it because too many white people fear that too many blacks and Hispanics would benefit. I recall that famous quote by LBJ.
This is mostly the case...but, unfortunately, those white people deserve what they demand. They'd rather play Mad Max than take part in the advancement of our society.
The thread IS ABOUT THE STOCK MARKET. 401k's are common among the working middle-class and what the GOP wants everyone to do. Lessen to eliminate SS then.
So YES IT EFFECTS THE MIDDLE-CLASS. I have a very few years till retirement. The last thing we want. Is a mediocre stock market that shows sluggish returns. Not everyone (especially more average Americans with a work offered 401k) want to play roulette with moving investments around. I maintain what is to be safer less risk stocks. All feel ripples today. Sure the 2% have brokers to advise, move around and ply the market and more likely to win.
Our buying power is not increasing. The migration south bleeding still the North continues. Middle-America continues to be squeezed and one income increasingly impossible unless in depressed areas that remain so .
The last bold point gets old. Pure rhetoric that has no point in helping defend Trump.
You have it right. Two years of no returns are a hurting and the prospect of a ruined economy (high deficits are now set by Trump for a decade) may mean single digit returns even when things get better.
We've already, due to the GWB Great Recession, only had 4.5% returns for TWO DECADES. People talk about long time frames but 20 years back is a decent length of time - especially when things don't look very good for the near future.
This means a 25 year - maybe even a 30 year - timeframe for many will only result in 5% compounded returns. That's a VAST difference from my (I'm older) investing life which averaged over double that. As investors know, double the interest rate doesn't really express it.....because it's compounding that does the job. If I had an IRA and savings of 300K 20 years ago and made 10% compounded on it, I'd have over 2 million today, enough for a VERY comfortable golden years.
If I made the 4.5% average (and most people don't beat indexes), then I'd have 720K. Given Trumps lowering of interest rates, I've only be able to get 3% or so on that savings in non-risky investments - $22K per year, which isn't gonna put me in such great shape (with a couple, family, house, savings for end of life, etc.).
Make no mistake. This is about real people going downhill year-after-year and decade after decade. Many in the current generation had zero to do with making the Great Recession happen, yet they suffered through it. Now they are being asked to suffer for Trump and his chaos?
Nope. I don't think they want to volunteer.
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A 1.28% drop in the market qualifies as "Tanking" these days? 
Seems like it was just a good trading day for most.
