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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, 08:18 AM
 
Location: Bel Air, California
23,766 posts, read 29,074,074 times
Reputation: 37337

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cus...FDR!
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Old 12-27-2018, 08:22 AM
 
Location: Phoenix
30,390 posts, read 19,184,321 times
Reputation: 26297
That one day Blue Wave correctin pause seems to be over...Blue Wave correction back.
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Old 12-27-2018, 08:26 AM
 
12,265 posts, read 6,477,416 times
Reputation: 9440
Quote:
Originally Posted by BeerGeek40 View Post
September 2018 - Trump in office for almost 2 years -- this fool is up there blabbering to his peeps that he's responsible for the strong economy.

https://www.youtube.com/watch?v=SgdkoQI9gwQ
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.
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Old 12-27-2018, 08:33 AM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Quote:
Originally Posted by ambient View Post
Except that stocks went up for about seven years during his years.
Rates began to climb in 1973 and peaked in 1979-80 at 20% to fight double- digit inflation.

Rate declined to 1% in 2003.

Lowest rate hit 0.25 in December, 2008 where it remained until December, 2015. It was raised by 0.25 in December, 2016. Rates were increased 3x in 2017 and as projected, 4 times in 2018. Each increase was as expected, 0.25%

Dow gained while the rate increased by accumulative 2.25% between December, 2015-2017.

A rate between 2-5% is considered a healthy economy.
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Old 12-27-2018, 08:34 AM
 
14,400 posts, read 14,318,816 times
Reputation: 45732
Quote:
Originally Posted by RowingFiend View Post
You do realize that it was liberals who gleefully gloated about the stock market drop in an effort to attack Trump right?

Or are you only aware of hypocrites who don't vote like you?
Only after fearless leader took credit for rising stock prices virtually every day after he became President--and than said nothing when they declined.

When is Trump lying? When his lips are moving.
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Old 12-27-2018, 08:37 AM
 
Location: Barrington
63,919 posts, read 46,765,593 times
Reputation: 20674
Quote:
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.
FRB reduced rate to a record low of 0.25 in December, 2008.

Dow closed at 7550.29 on Inauguration Day in 2009.
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Old 12-27-2018, 08:45 AM
 
1,087 posts, read 783,054 times
Reputation: 763
The "biggest market gain" was only an one day relief from the trade war threat, and most of it was wiped out the day after. That's not something to brag about.

Tax cut is good to boost economy. However, that's just one time and it could be harmful from budget deficit standpoint. Trade war is clearly bad for economy though.

It just shows craving for credit of anything, with bad things happening.
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Old 12-27-2018, 08:46 AM
 
Location: alexandria, VA
16,352 posts, read 8,101,791 times
Reputation: 9726
Quote:
Originally Posted by middle-aged mom View Post
Rates began to climb in 1973 and peaked in 1979-80 at 20% to fight double- digit inflation.

Rate declined to 1% in 2003.

Lowest rate hit 0.25 in December, 2008 where it remained until December, 2015. It was raised by 0.25 in December, 2016. Rates were increased 3x in 2017 and as projected, 4 times in 2018. Each increase was as expected, 0.25%

Dow gained while the rate increased by accumulative 2.25% between December, 2015-2017.

A rate between 2-5% is considered a healthy economy.
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.
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Old 12-27-2018, 08:56 AM
 
1,087 posts, read 783,054 times
Reputation: 763
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.
The yield curve hasn't been right. What's the sign, crash? Money is flowing out of financial market. This is all politics made disaster that ruined a good economy. Tax cut does not always work with all the manmade disasters.
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Old 12-27-2018, 09:00 AM
 
Location: Midwest
38,496 posts, read 25,830,486 times
Reputation: 10789
Quote:
Originally Posted by Originalist View Post
Because of Obama or Trump?

This is a multiple choice poll children. Feel free to choose one or all.

A reasoned response to your choice(s) would be welcomed.




Mine is Trump and smart investors. I have openly stated that this would be a huge fire sale and that you should have invested in this downturn. Nearly 1 TRILLION in retail sales in less than 2 months. A staggering record because of our strong economy.


Sorry if that flew over your heads.


The 401k isn't looking as bad as it did 3 days ago, eh? Oh wait, you sold out to cut your losses? OOPS, sucks to be you.
You better look again.

Stocks give back large chunk of Wall Street’s historic rebound
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