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Sure enough the stock market was a win-win-win without exception until the American people got tired of winning and transferred Congress Back to Democrats and right after that, wow what a stock market turn for the worst. What happened?
First, there was no "blue wave" This election's party flip was actually low compared to the prior midterm elections. If this doesn't frighten Democrats, it should.
Second, markets typically drop this time of year.
I think its overly simplistic to attribute stock market performance entirely to a change in power in the House of Representatives and some local elections.
What's truly strange is how the market went up quite a bit the day after the election only to falter later .
Quote:
Originally Posted by BentBow
Tech stocks have been tanking since the big conservative purge.
Facebook is forecasted to be below 100, before the end of the month. Down from a 212 high, before yanking Alex Jones and the many more to follow.
Amazon is down almost 30% as well, and they don't do nearly as much purging as Facebook or Twitter do. Whatever is going on is a general problem with the tech sector and particularly the broader stock market. However, I will grant that Facebook has been hurt by their purges; their stock has lagged quite far behind the broader tech sector, and their guidance was negatively impacted by the large added expense of hiring so many more censors in the future. They also have other problems with user experience and privacy, as well as not being nearly as cool or hip as they used to be.
In my opinion more niche social media with privacy and end-to-end encryption features is likely the future, probably (hopefully?) with interoperability between websites and servers similar to email. Censorship resistance and resiliency (e.g. against one platform going dark) are other advantages of this setup, particularly if it's on the Tor network as an onion service. Usenet is an early example of decentralization, along with Mastadon and its ActivityPub protocol more recently. Usenet in particular is interesting, since it was like Reddit if Reddit were text-only and each subreddit ran its own server; indeed Reddit has been described as Usenet 2.0 in terms of architecture, and I believe pseudonymous users grouped by interest or topic is superior to the likes of Facebook in social media design (but that's just me; other people's preferences may differ). An ultimate social network I believe would combine Reddit's features with Usenet's decentralization, be made up of onion services on the Tor network or equivalent, and be fully interoperable with YouTube, Facebook, and Twitter equivalents.
Censorship from companies and governments will probably only get worse in the future (cf. the printing press and the 'first information revolution'), and decentralized or federated networks have no single point of vulnerability that can be pressured like a Facebook or Reddit can. This feature will thus only become more attractive in the future. Federated social media also reconciles conflicting sensibilities of users, by allowing 'instance' owners to censor their own instance while otherwise retaining interoperability. So even if, say, alt-rightists were completely censored by leftists they could still talk to everybody else while not having to change networks or platforms (as they have to now), because leftists have zero control of the alt-right instances (those are owned by alt-rightists) and the protocol is free and open-source, so they can't change that either. Thus the alt-rightists have the advantages of their own website with the advantage of connecting to a broader network of people.
This may sound far-fetched but online piracy has moved in this same peer-to-peer censorship-resistant direction for a long time now (only the Tor/Dark Web elements are truly missing, though drug markets have embraced Dark Web tech early), and since piracy had to adapt to a more challenging online environment long before any of the stuff we're talking about now has, I think it provides the best clue as to what the future will bring in terms of Internet structure if a broader array of activity is targeted on centralized social networks.
One true sign of an idiot: trying to tie political credit (of any kind) to short-term stock market variations. You may be able to make a causap correlation to policy over a longer-term horizon, not what did or didn't happen lasy week.
Sure enough the stock market was a win-win-win without exception until the American people got tired of winning and transferred Congress Back to Democrats and right after that, wow what a stock market turn for the worst. What happened?
From what I hear a lot of it has to do with the tariffs.
Dumbest clickbait thread, yet. But keep spreading the lies - there are enough fools who will believe it.
The trends have been quite clear all year - we're heading for trouble - and have been ever since the tax reform - and worse - the tariffs.
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Originally Posted by LordBalfor
The Trump economy is slowing down as the temporary juicing of the economy by the unnecessary and ill-advised tax cuts start wearing off, with the GDP growth rate possibly dropping back down to under 2% (or worse):
"Juiced by tax cuts this year, the economy's performance peaked out in the second quarter and is expected to increasingly lose steam in 2019, with growth slowing to a crawl and a recession looming.
That is one big reason the stock market has spiraled lower, as buyers rushed into Treasurys and yields on corporate debt snapped higher. Investors' views, in fact, may be even gloomier than those of economists.
Major firms this week have been releasing forecasts for next year, and both Goldman Sachs and JP Morgan see growth slowing to below 2 percent in the second half of 2019. ..."
And corporate America owes a LOT of money. That debt might well be manageable, but then again maybe not.
"At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors.
On Wall Street, though, hopes are fairly high that it's a manageable problem, at least for the next year or two.
The resolution is critical for financial markets under fire. Stocks are floundering, credit spreads are blowing out and concern is building that a combination of higher interest rates on all that debt will begin to weigh meaningfully on corporate profit margins...."
And (from FOX Business News) Durable Goods orders are down AGAIN.
"Orders to U.S. factories for big-ticket manufactured goods fell by the largest amount in 15 months with a key category that tracks business investment showing weakness for a third straight month. The Commerce Department said Wednesday that orders for durable goods dropped 4.4 percent last month. It was the third decline in the past four months with the October drop led by a huge decline in the volatile areas of commercial and military aircraft..."
And again from FOX Business News - Home Building sentiment is falling - with the largest drop in over 4 1/2 years:
U.S. home builder sentiment recorded its steepest one-month drop in over 4-1/2 years in November as rising mortgage rates and tight home inventory squeezed the real estate sector, the National Association of Home Builders said on Monday.
The NAHB and Wells Fargo housing market index fell to 60 points in November, which was the lowest level since the 59 recorded in August 2016. That compared with a reading of 68 in October and a consensus reading of 67 among analysts polled by Reuters.
The index's eight-point drop was the biggest monthly decline since a 10-point decrease in February 2014....
Do you actually pay attention to the news or just listen to what Trump says. Dems taking over the house have nothing to do with the stock market.
Then why does congress have a finance committee ?
One that Mad Maxine promises to use against business if she gets the chairmanship. In the end nothing out of her leadership will become law but she will use it for partisan investigations.
Then why does congress have a finance committee ?
One that Mad Maxine promises to use against business if she gets the chairmanship. In the end nothing out of her leadership will become law but she will use it for partisan investigations.
Congress having a Finance Committee had zilch to do with the stock market's recent fluctuations.
It's easy to show how flawed your premise is: if Democrats caused markets to go down, they would have gone down a lot over the eight years of Obama admin, when significant chunks of time involved majority Democrat control. You'd be able to see this same trend in previous periods of Democrat control. You don't see it in the data, and stock market rose for most of Obama's two terms.
The real macro reason stocks are getting clobbered has to do with rising interest rates. That's something you can find in the historical data as well as the financial/investment theory.
Sure enough the stock market was a win-win-win without exception until the American people got tired of winning and transferred Congress Back to Democrats and right after that, wow what a stock market turn for the worst. What happened?
Simplicity works in some situations but not this one. Look up rising interest rates, slowing economic growth, price of crude oil, and global trade tensions. Besides, historically, a Democratic administration is always better for the economy. Look it up.
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