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View Poll Results: Who should be credited for the biggest one day gain in history?
Obama 3 6.25%
Trump 20 41.67%
the FED 4 8.33%
Smart Investors 26 54.17%
Multiple Choice Poll. Voters: 48. You may not vote on this poll

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Old 12-27-2018, 09:12 AM
 
11,404 posts, read 4,067,752 times
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market is down 500 points already today. Over half of the gains from yesterday have been wiped out.


https://twitter.com/thehill/status/1078313065538641920
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Old 12-27-2018, 09:13 AM
 
Location: Barrington
63,919 posts, read 46,615,875 times
Reputation: 20674
Quote:
Originally Posted by r small View Post
Meanwhile, rates on 5 and 10 year T-notes are about 2.6% and 2.7% respectively. Not exactly major enticements to get people out of stocks and into fixed income. So obviously something is going on with the markets besides the moderate Fed rate hikes.
Seems to me ^ obvious to the most casual observer.

Markets generally don’t react well to increased uncertainty.
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Old 12-27-2018, 09:57 AM
 
25,805 posts, read 16,451,635 times
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Quote:
Originally Posted by ambient View Post
Kind of stupid to attribute it to either. Cons have been jizzing themselves over Trump when stocks go up and then busy blaming it on the "Blue Wave" when they tank. N
So now they're rising in spite of that blue wave? What nonsense.

The intelligent answer: in the near term attributing stock performance on an individual day basis to any politician is foolish as it is impossible. No smart person does this. You can only make this attribution over a multi-year time length.
“Jizzing themselves”? Are you 12?
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Old 12-27-2018, 10:04 AM
 
1,881 posts, read 1,006,695 times
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Originally Posted by PullMyFinger View Post
“Jizzing themselves”? Are you 12?
ummm your screen name isnt exactly a mature name or joke either
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Old 12-27-2018, 10:25 AM
 
Location: Southern Nevada
6,726 posts, read 3,335,395 times
Reputation: 10302
The market giveth and the market taketh away. Anyone that's been around for any length of time knows this. Everyone panics when it drops like it's 1929. Step back and take a deep breath. Wall Street is more fidgety than a cat in a yard full of pit bulls.

If you can't stomach the volatility, you shouldn't be in the market to begin with.
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Old 12-27-2018, 10:35 AM
 
10,077 posts, read 5,708,216 times
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Quote:
Originally Posted by r small View Post
The major factor driving the markets right now is not the Dems, not the Fed and rising interest rates, not market fundamentals (earnings, etc.), it's the chaos of the Trump administration. The uncertainty created by having a lunatic in the White House. And it will only get worse as Mueller and the walls continue to close in on Trump and he becomes more and more unhinged. By the way, 5 minutes after the opening bell this morning and the Dow is down more than 300 points. I hope the Trumpies enjoyed the dead cat bounce.
Wouldn't uncertainty only cause the markets to fall and keep on falling? I can't wait until Mueller finally shows his cards and reveals that they have nothing they can hang on Trump. The liberals will probably call for a new investigation then.
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Old 12-27-2018, 10:37 AM
 
10,077 posts, read 5,708,216 times
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Originally Posted by gmagoo View Post
He didn`t say anything that wasn`t true. When he took office we were losing 745,000 jobs a month and the DOW was hanging around 8,000.
And he bankrupted the country to oblivion in exchange for barely giving the economy a pulse again.
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Old 12-27-2018, 11:10 AM
 
12,268 posts, read 6,440,885 times
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Quote:
Originally Posted by jeffbase40 View Post
And he bankrupted the country to oblivion in exchange for barely giving the economy a pulse again.
How is Trump doing with the debt? Unlike Trump, Obama walked into our second worst financial disaster. See the difference?
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Old 12-27-2018, 12:07 PM
 
11,404 posts, read 4,067,752 times
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less than two hours until closing, the market is down over 500 points. Over HALF of the "historic gains" yesterday are gone.


https://twitter.com/markets/status/1078364136919220225
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Old 12-27-2018, 12:16 PM
 
Location: San Diego CA
8,435 posts, read 6,818,616 times
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Extreme highs and lows. When the market stabilizes no one knows.
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