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Started By
Message
re: 10 largest daily point drops in Dow Jones history:
Posted on 8/14/19 at 5:46 pm to TigerFanInSouthland
Posted on 8/14/19 at 5:46 pm to TigerFanInSouthland
quote:
You trying to claim that the economy isn’t booming right now is fricking laughable.
It's not. The economy couldn't handle modestly higher rates a d they had to cut and are expected to cut them again.
The economy is relatively strong, compared to the last decade, but it's not booming. A booming economy can handle 2.5% FFR.
Posted on 8/14/19 at 5:46 pm to agregime1
Now post the largest gains in history. Check the dates of those too
Posted on 8/14/19 at 5:47 pm to agregime1
I was long puts during the flash crash, but the market makers wouldn't raise the bids. ![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
![](https://images.tigerdroppings.com/Images/Icons/Iconbanghead.gif)
Posted on 8/14/19 at 5:51 pm to agregime1
Lots of people liking this market. Looks like profit making in 18 and 19 to me.
Posted on 8/14/19 at 5:51 pm to agregime1
quote:
President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administration’s policies. During Trump’s presidency, the S&P 500 has gained 25% from inauguration day through August 14. How does that stack up to stock performance at the same point in other modern presidencies? (646 trading days, to be exact). Stocks were stronger under Barack Obama and far weaker under George W. Bush. S&P 500 performance under Trump compares more closely to stocks under Bill Clinton (they were up 29% at this point in his presidency) or stocks under Ronald Reagan (they were up 21% at this point in his first term).
Posted on 8/14/19 at 5:51 pm to Chucktown_Badger
quote:
Are you thinking Trump is going to take responsibility for something that's bad or negative? If so, you're going to be waiting a while. That's not the script. It's "good = take credit no matter your involvement or lack thereof; bad = blame someone or something else despite your level of involvement"
So he'll react like a politician?
Posted on 8/14/19 at 5:52 pm to agregime1
It’s called “buying opportunities”
Posted on 8/14/19 at 5:53 pm to BestBanker
quote:
Lots of people liking this market. Looks like profit making in 18 and 19 to me.
Que? S&P is effectively flat over the last 12 months, sans dividends. Not exactly a profit taking scenario of late.
This post was edited on 8/14/19 at 5:57 pm
Posted on 8/14/19 at 5:56 pm to OweO
quote:
President Donald Trump has repeatedly pointed to the stock market as one of the best ways to measure his administration’s policies. During Trump’s presidency, the S&P 500 has gained 25% from inauguration day through August 14. How does that stack up to stock performance at the same point in other modern presidencies? (646 trading days, to be exact). Stocks were stronger under Barack Obama and far weaker under George W. Bush. S&P 500 performance under Trump compares more closely to stocks under Bill Clinton (they were up 29% at this point in his presidency) or stocks under Ronald Reagan (they were up 21% at this point in his first term).
I do love all the tooting about the "highest stock market ever" and taking credit for it.
I'm going to go on record now with a CRAZY prediction. The stock market will hit an all time high in the next presidential term, EVEN IF ITS NOT TRUMP. WHAT?!
Yeah, the stock market goes up over the long term. It's done it under every president of the last 30 years.
Posted on 8/14/19 at 5:58 pm to BestBanker
quote:
Sell high. Profit.
Sell what high?
Posted on 8/14/19 at 6:00 pm to agregime1
Market isn’t even in correction territory yet. I’m hoping for a bigger drop for opportunity because with Trump the next 5 years, the Dow will soar past 30k!(especially once he gets China to agree with policy)
Posted on 8/14/19 at 6:00 pm to airlinehwypanhandler
quote:
Today's declines are more because of overseas economies(China, Germany) being down, but yes please find a way to blame Trump for this
To extrapolate on how wrong this is, Trump himself blamed the Fed today. Not China nor Germany. In fact, he said Germany is doing it right.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
This post was edited on 8/14/19 at 6:04 pm
Posted on 8/14/19 at 6:07 pm to slackster
quote:
Sell what high?
Don't worry.
Posted on 8/14/19 at 6:11 pm to BestBanker
quote:
Don't worry.
I think he meant:
quote:
Sell what, high.
Posted on 8/14/19 at 6:12 pm to BestBanker
Financials and energy lead the decline today. Ain't much in the way of profit taking to be had in those sectors, but carry on.
Posted on 8/14/19 at 6:37 pm to Chucktown_Badger
quote:
Are you thinking Trump is going to take responsibility for something that's bad or negative? If so, you're going to be waiting a while. That's not the script. It's "good = take credit no matter your involvement or lack thereof; bad = blame someone or something else despite your level of involvement"
![](https://i.imgur.com/HQ2qBuO.gif)
Posted on 8/14/19 at 6:42 pm to PotatoChip
quote:
Market isn’t even in correction territory yet. I’m hoping for a bigger drop for opportunity because with Trump the next 5 years, the Dow will soar past 30k!(especially once he gets China to agree with policy)
The best predictor of incumbency success in Presidential re-elections is economic performance in the first quarter of the election year.
Translation: Trump will lose if the economy is tanking in early 2020.
Posted on 8/14/19 at 6:49 pm to agregime1
Now do biggest daily point gains.
6/10 have happened since Trump took office.
What does this prove?
You bathe in jizz.
6/10 have happened since Trump took office.
What does this prove?
You bathe in jizz.
Posted on 8/14/19 at 7:11 pm to Chucktown_Badger
quote:. Wait are you using percentages for this argument but overall numbers for the other one?
You do know Baton Rouge and New Orleans are more dangerous than Chicago, yes?
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