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re: Stock Market wipes out losses
Posted on 4/4/18 at 2:31 pm to olddawg26
Posted on 4/4/18 at 2:31 pm to olddawg26
Huge market moves really only matter if you need to take your money out soon and.........if you need to take your money out soon, you shouldn't be fricking fully exposed to the market!
So. I really don't get into such things.
Hell. It's also perfectly arguable that while certainly the norm.......up markets aren't always representative of good economies and down markets aren't always representative of bad ones. Often, they're just short term blips that are largely self contained within the market.
So. I really don't get into such things.
Hell. It's also perfectly arguable that while certainly the norm.......up markets aren't always representative of good economies and down markets aren't always representative of bad ones. Often, they're just short term blips that are largely self contained within the market.
0
Posted on 4/4/18 at 2:38 pm to Flame Salamander
quote:Bull shite. As if you know what everyone thinks they heard. You've just proven yourself to be a total liar.
That is what people that read between the lines heard.....ie) the markets.
quote:You only had a tiny bit of credibility before your latest lies. Now you have none.
doesn't mean that he didn't call Trump a moron.
You may as well try to get another screen name to post under.
Posted on 4/4/18 at 2:39 pm to LSURussian
quote:You seem to be confused about how things work here
You may as well try to get another screen name to post under.
Posted on 4/4/18 at 2:39 pm to WildTchoupitoulas
quote:
They sure blamed Clinton when the economy crashed under Bush.
It's like you have zero ability to read complete thoughts.
quote:And anyone claiming that if they were all "look how awesome Trump's economy is" up to that point will look foolish.
I'd bet a dollar that should the economy crash in Trump's last year, it'll be "Thanks, Obama",
Truth be told, every President deserves SOME of the credit and/or SOME of the blame for whatever the economy is while they're in.
Hell. SOME of what fricks up our economy in 2018 is a direct result of FDR and LBJ. It ain't like our government just wipes the slate clean every election.
There are little legislative/budgetary time bombs all over our government.
There are 2 kinds of effects Presidents/congresses can have on an economy. Short, and long term.
I tend to be slightly interested in the short term..........and more interested in the long term.
Hell. Reagan did the RIGHT thing upon entering office and promptly crashed the market because short term change frequently causes market upheaval.
The bottom line to me is simple. We've done a LOT of cumulative damage. I'm just kinda hoping whomever the President is doesn't pile on.
Posted on 4/4/18 at 2:44 pm to Flame Salamander
quote:You'd lose that bet.
I'll bet that you hide your money in a mattress
quote:
(if you have any at all).
You lose again....Posted on 4/4/18 at 2:44 pm to Flame Salamander
This is the level of discourse you are capable of? Trying to insult people with vastly more wealth than you about their lack of wealth? 
Posted on 4/4/18 at 2:45 pm to tigerpawl
That's a great snapshot of a few hours today. How's it looking over the past month?
Posted on 4/4/18 at 2:47 pm to Dignan
If you are a long term investor, who cares?
Posted on 4/4/18 at 2:48 pm to Dignan
quote:
That's a great snapshot of a few hours today. How's it looking over the past month?
I know when I look at this chart, what occurs in a period of a few months just makes me shite my pants.
Posted on 4/4/18 at 3:40 pm to ShortyRob
quote:
I know when I look at this chart, what occurs in a period of a few months just makes me shite my pants.
Fair enough. Since you tend to be more interested in long term numbers, let's look at a side by side comparison of Obama's tenure vs Trump's. This is the closest thing to a long term comparison we'll have since Trump has only been in office nearly 15 months.
Let's take the first full day in office (the day after Inauguration Day). Just to be consistent, let's look at the opening bell on each President's first full day.
On January 21st, 2009 the dow jones opened at 7,949. On April 4th, 2010 (8 years ago today for an apples to apples comparison timewise) the market closed at 10,927. This shows an overall increase of 2978 points or 37.4% through this point of his administration.
Trump started with 19827 and as of 4:34pm (EST) today, the dow jones was at 24,264. This shows an increase of 4437 points or an increase of 18.2%
An increase of 18.2% isn't bad, but it's about half of where Obama was at this point in his Presidency.
Posted on 4/4/18 at 3:40 pm to Count Chocula
quote:
If you are a long term investor, who cares?
No doubt. I'd diversify into BooBerry and Frankenberry as well.
Posted on 4/4/18 at 3:41 pm to deltaland
Vast majority can't even spell "401k".
This post was edited on 4/4/18 at 3:42 pm
Posted on 4/4/18 at 3:42 pm to Ag Zwin
quote:
Stock Market wipes out losses
Posted on 4/4/18 at 3:56 pm to Dignan
quote:
Fair enough. Since you tend to be more interested in long term numbers, let's look at a side by side comparison of Obama's tenure vs Trump's. This is the closest thing to a long term comparison we'll have since Trump has only been in office nearly 15 months.
As I stated earlier, most market talk around various Presidents is the product of people not knowing what the frick they're talking about. At best, I find it amusing. At no point do I find it interesting.
quote:This sentence, whether you intend it to be or not, is fricking retarded and demonstrates blinding ignorance of stock markets.
An increase of 18.2% isn't bad, but it's about half of where Obama was at this point in his Presidency.
I mean, ya know. Gains tend to be higher coming off a bottom than starting in the middle of a run up.
It's nothing but silliness targeting stupid people.
Posted on 4/4/18 at 3:57 pm to Dignan
quote:
Fair enough. Since you tend to be more interested in long term numbers, let's look at a side by side comparison of Obama's tenure vs Trump's. This is the closest thing to a long term comparison we'll have since Trump has only been in office nearly 15 months.
Let's take the first full day in office (the day after Inauguration Day). Just to be consistent, let's look at the opening bell on each President's first full day.
On January 21st, 2009 the dow jones opened at 7,949. On April 4th, 2010 (8 years ago today for an apples to apples comparison timewise) the market closed at 10,927. This shows an overall increase of 2978 points or 37.4% through this point of his administration.
Trump started with 19827 and as of 4:34pm (EST) today, the dow jones was at 24,264. This shows an increase of 4437 points or an increase of 18.2%
An increase of 18.2% isn't bad, but it's about half of where Obama was at this point in his Presidency.
Well, I would argue that short term stock market moves are a function of emotion, much more than fundamentals. If so, then using inauguration day as the starting point is less valid than using election day, when said sentiments begin to affect things.
By that score, Obama started at 9,625, which means to this date the market went up 13.5% since it learned he would be President (including losing 17.4% between election and inauguration).
On election day 2016, the DJIA was at 18,332, which means that over the same time period, the market has grown by 32.4% since it learned Trump would be President (including growing by 8.1% between election and inauguration).
Pretty easy to show improvement when you let the air out before you start counting.
This post was edited on 4/4/18 at 6:23 pm
Posted on 4/4/18 at 4:02 pm to ShortyRob
I get it. The facts aren't convenient, but insults are.
Thanks for playing.
Thanks for playing.
Posted on 4/4/18 at 4:03 pm to ShortyRob
To add.
Choosing 12-15 month snippets of time, I can make basically every President in history look like an idiot or a genius if we use the markets.
I mean, from 2002-2008, GWB must have been a fricking economic genius.
Choosing 12-15 month snippets of time, I can make basically every President in history look like an idiot or a genius if we use the markets.
I mean, from 2002-2008, GWB must have been a fricking economic genius.
Posted on 4/4/18 at 4:04 pm to Dignan
quote:You believe markets are directly tied to Presidents.
I get it. The facts aren't convenient, but insults are.
This means you're not bright. What can I tell you.
What? You just chose to ignore the difference between the FACT that the market was coming off a bottom in one case and not the other?
Or, do you just not comprehend the implications?
Posted on 4/4/18 at 4:06 pm to ShortyRob
quote:
Choosing 12-15 month snippets of time, I can make basically every President in history look like an idiot or a genius if we use the markets.
At this point, what other apples to apples comparison could we make?
Posted on 4/4/18 at 4:07 pm to Ag Zwin
quote:
Well, I would argue that short term stock market moves are a function of emotion, much more than fundamentals. If so, then using inauguration day as the starting point is less valid than using election day, when said sentiments begin to affect things.
By that score, Obama started at 9,625, which means to this date the market went up 13.5% since it knew he would be President (after losing 17.4% between election and inauguration).
On election day 2016, the DJIA was at 18,332, which means that over the same time period, the market has grown by 32.4% since it learned Trump would be President (after growing by 8.1% between election and inauguration).
Pretty easy to show improvement when you let the air out before you start counting.
Dignan won't comprehend that you just illustrated the fallacy of selecting starting and ending points to your advantage and then making hay out of them rather than just understanding markets.
Your point by the way regarding markets being fully aware of who got elected before Jan 20 is dead on.
I mean, it ain't like Jan 19th, people on Wall Street were thinking, "I wonder who is taking over tomorrow".
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