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Old 02-27-2020, 01:05 PM
 
20,955 posts, read 8,678,698 times
Reputation: 14050

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Quote:
Originally Posted by WaldoKitty View Post
Indeed it does. It greatly proves the importance of bringing our industry back on shore. Trump was right all along.
Talk is cheap. I am right that all Americans need health care coverage. I am right that Americans should wash their hands. I am right that we need immigrants to do a lot of the work here (Americans won't do it).....

But what is really right are results. The bottom line is that the PMI (manufacturing and forward looking manufacturing) are in the toilet and virtually nothing has happened to "bring manufacturing back" nor is it likely to ever happen....short of robotic manufacturing, which will still depend on global supply chains.

Even then we'd need to sell that stuff all around the world and the world doesn't want a one-way street.

Your "Trump is right" thing is about on par with me pronouncing the Peace on Earth is the right thing to do along with a Chicken in every pot. It means nothing.

 
Old 02-27-2020, 01:31 PM
 
Location: In the outlet by the lightswitch
2,306 posts, read 1,704,148 times
Reputation: 4261
Quote:
Originally Posted by JAMS14 View Post
I hope you're right about this. Contrary to the constant bleating from the rightwingers, no one wants a market crash on either side of the aisle. I want Trump to lose in November, but I don't want to see millions of people lose their retirement nest eggs to do it.

That's my hope too. I am hoping this virus dies out like other, previous, coronaviruses like SARs and the human and economic impact is short lived.
 
Old 02-27-2020, 01:50 PM
 
9,254 posts, read 3,587,882 times
Reputation: 4852
Well, the OP may turn out right about the DOW breaking 25,000...
 
Old 02-27-2020, 01:56 PM
 
1,881 posts, read 1,010,918 times
Reputation: 1551
Quote:
Originally Posted by TEPLimey View Post
Well, the OP may turn out right about the DOW breaking 25,000...
at this rate we will do it tomorrow...

The bubble has popped
 
Old 02-27-2020, 02:01 PM
 
20,955 posts, read 8,678,698 times
Reputation: 14050
Quote:
Originally Posted by jbtornado View Post
at this rate we will do it tomorrow...

The bubble has popped
That "bubble" being the sad 6.5% a year for 20 years in the index and less than 5% a year since Trumps tax reform.

Personally I don't see the floor being much below 20K because it was not a bubble. It was bad policy....
 
Old 02-27-2020, 02:03 PM
 
1,881 posts, read 1,010,918 times
Reputation: 1551
Quote:
Originally Posted by craigiri View Post
That "bubble" being the sad 6.5% a year for 20 years in the index and less than 5% a year since Trumps tax reform.

Personally I don't see the floor being much below 20K because it was not a bubble. It was bad policy....
It was all a bunch of stock buybacks.. Nothing in the rest of the economy suggested the growth last few months..
 
Old 02-27-2020, 02:03 PM
 
Location: Kansas City, MISSOURI
20,871 posts, read 9,541,930 times
Reputation: 15595
Quote:
Originally Posted by James Bond 007 View Post
Do we wanna take bets on how soon the Dow will hit the 25K's again?
It did it !!!!!!

Heck I was willing to give it a whole 'nother month !!!!!!

Blew right through the 26,000 mark !!!!!!

Epic barf at the end !!!!!!
 
Old 02-27-2020, 02:05 PM
 
20,955 posts, read 8,678,698 times
Reputation: 14050
Bargain time. Any of you who believed in the Greatest Economy Ever should be going heavy on the margins and loading up - you could make 20-30% or more in a year. Who could turn that down.

Full disclosure - I'm buying.
 
Old 02-27-2020, 02:07 PM
 
6,829 posts, read 2,118,201 times
Reputation: 2591
Quote:
Originally Posted by craigiri View Post
Bargain time. Any of you who believed in the Greatest Economy Ever should be going heavy on the margins and loading up - you could make 20-30% or more in a year. Who could turn that down.

Full disclosure - I'm buying.
You don't buy when it's in freefall.
 
Old 02-27-2020, 02:07 PM
 
20,955 posts, read 8,678,698 times
Reputation: 14050
Quote:
Originally Posted by jbtornado View Post
It was all a bunch of stock buybacks.. Nothing in the rest of the economy suggested the growth last few months..
Stock buybacks increase the percentage of a corporation that I own - and therefore more of the potential dividends and profits.

If even AT&T is paying 6% dividends, what do you think is going to happen? Will it pay 10% dividends after Trump lowers the fed rate to 0% or negative? Will people stop paying their cell phone bills?

Lay it out - there is one example. Will renewable energy funds stop generating solar and hydro? Will people at home use less energy?

Don't solid dividends paid out of profits indicate a value? If not, what does?
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