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re: 10 largest daily point drops in Dow Jones history:

Posted on 8/14/19 at 5:46 pm to
Posted by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 8/14/19 at 5:46 pm to
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 by BengalBlood81
Member since Oct 2014
1300 posts
Posted on 8/14/19 at 5:46 pm to
Now post the largest gains in history. Check the dates of those too
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 8/14/19 at 5:47 pm to
I was long puts during the flash crash, but the market makers wouldn't raise the bids.
Posted by BestBanker
Member since Nov 2011
17564 posts
Posted on 8/14/19 at 5:51 pm to
Lots of people liking this market. Looks like profit making in 18 and 19 to me.
Posted by OweO
Plaquemine, La
Member since Sep 2009
114236 posts
Posted on 8/14/19 at 5:51 pm to
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 by Teddy Ruxpin
Member since Oct 2006
39649 posts
Posted on 8/14/19 at 5:51 pm to
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 by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15215 posts
Posted on 8/14/19 at 5:52 pm to
It’s called “buying opportunities”
Posted by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 8/14/19 at 5:53 pm to
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 by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31494 posts
Posted on 8/14/19 at 5:56 pm to
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 by BestBanker
Member since Nov 2011
17564 posts
Posted on 8/14/19 at 5:56 pm to
Sell high. Profit.
Posted by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 8/14/19 at 5:58 pm to
quote:

Sell high. Profit.


Sell what high?
Posted by PotatoChip
Member since May 2014
3689 posts
Posted on 8/14/19 at 6:00 pm to
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 by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 8/14/19 at 6:00 pm to
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.
This post was edited on 8/14/19 at 6:04 pm
Posted by BestBanker
Member since Nov 2011
17564 posts
Posted on 8/14/19 at 6:07 pm to
quote:

Sell what high?

Don't worry.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31494 posts
Posted on 8/14/19 at 6:11 pm to
quote:

Don't worry.


I think he meant:

quote:

Sell what, high.
Posted by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 8/14/19 at 6:12 pm to
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 by Arkapigdiesel
Arkansas
Member since Jun 2009
13518 posts
Posted on 8/14/19 at 6:37 pm to
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"

Posted by TxTiger82
Member since Sep 2004
33978 posts
Posted on 8/14/19 at 6:42 pm to
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 by IllegalPete
Front Range
Member since Oct 2017
7182 posts
Posted on 8/14/19 at 6:49 pm to
Now do biggest daily point gains.

6/10 have happened since Trump took office.

What does this prove?

You bathe in jizz.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71721 posts
Posted on 8/14/19 at 7:11 pm to
quote:

You do know Baton Rouge and New Orleans are more dangerous than Chicago, yes?
. Wait are you using percentages for this argument but overall numbers for the other one?
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