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I guess this is that dreaded correction finally rearing its ugly head!
What they don't tell you is that the DOW hasn't made 5% a year compounded over the last 20 years. So talk of a "needed correct" is total BS. DOW would be at 40K plus if things were decent.
All well and good to analyse the various factors involved in the downturn but at the end of the day unless things bounce back in the next 24 months, folks will look at their 401k's, see the losses and Trump can kiss a 2nd term goodbye. It's really that simple.
A bubble, such as a stock market bubble, is a bad thing. It is a process of things getting all out of whack. People who make money in aforementioned bubble, are making gains off of a lie. That is not good.
The popping of aforementioned bubble is a good thing. It is the process of things returning to normality and sanity.
This is what's been going on since November 2016. November 2016 was the beginning of the bubble. This topped out in late January of this year, and has spent all year since then in a process of topping out. The bubble is now deflating.
So the 5% or less compounded yearly for the past 18 or 20 years...represents a run-up large enough to need a bubble popped? No way.
You act like you knew....you knew, but Buffet and Tim Cook and all the great minds of the world...didn't know. You know why they didn't know? Because they didn't know that Trump would intentionally destroy the markets.
When you think about it there is no reason for him to have done yet - but if he's not stable or sane there are plenty of reasons.
This is all on Trump and his stupid, useless wall. But hey, what can we expect from someone is proud to shut down the government? We're in real trouble. I can't wait until he's booted out.
You keep posting that chart, I do not think it means what you think it means (Inigo)...the market was over 25,600 on election day and now after the famous blue Wave has had a month to do damage, it's down 4000 Blue Wave points....thank you Nancy Pelosi and Socialist Barbie
Yes, I keep posting that chart. I do not think *you* know what it means, in spite of my repeating pointing out of what it means: The stock market has been crashing on and off almost all year - since February. There was no blue wave election in February. February was nine months before the election. In other words, the stock market began a process of topping out nine months before the election. What that means is, your blaming the blue wave for the stock market crashing is 100% your own fantasy.
Furthermore, as I also keep repeating, and which you keep ignoring, is the fact that, as of next year, democrats will only have 1/3 of the power in Washington. One third. Republicans will still have the Senate and the presidency - the majority. Thus, if you are going to ascribe political motivations for the stock market crashing, republicans will still be 2/3 to blame for it, starting next year.
How about Michelle hiring her college pals CANADIAN company to do the ACA website to the tune of $200,000,000,and having it turn into a train wreck then never getting the money back?
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False. CGI did a competitive bid. Get your head out of the Daily Caller. They lie to you.
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You keep posting that chart, I do not think it means what you think it means (Inigo)
...the market was over 25,600 on election day and now after the famous blue Wave has had a month to do damage, it's down 4000 Blue Wave points....thank you Nancy Pelosi and Socialist Barbie
