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Will trump wreck the economy?
Posted on 6/19/18 at 2:32 am
Posted on 6/19/18 at 2:32 am
Dow futures down about 500 right now. Dow is down 5 days in a row almost entirely due to trump and his tarrifs.
Looking at a 400-500 point drop to open today as well.
Looking at a 400-500 point drop to open today as well.
12
Posted on 6/19/18 at 5:55 am to MorgusTheMagnificent
buying opportunity.
the market was WAY overpriced as it was..
the market was WAY overpriced as it was..
Posted on 6/19/18 at 6:19 am to Tiger n Miami AU83
Trade wars intensify - market down
Trade wars ease -market up
Like clockwork.
Trade wars ease -market up
Like clockwork.
Posted on 6/19/18 at 6:37 am to mrgreenpants
quote:
the market was WAY overpriced as it was..
Oh shut up
Posted on 6/19/18 at 7:25 am to Tiger n Miami AU83
Stock market is NOT the economy.
Posted on 6/19/18 at 8:20 am to mrgreenpants
quote:
buying opportunity. the market was WAY overpriced as it was..
So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?
Posted on 6/19/18 at 8:23 am to Tiger n Miami AU83
Reactionary much?
Posted on 6/19/18 at 8:29 am to LSUcam7
More so as of late, yes?
Posted on 6/19/18 at 8:35 am to Tiger n Miami AU83
The Trump tax-cut legislation has led to record level of companies buying back shares, which has stoked the stock market.
Posted on 6/19/18 at 8:46 am to Tiger n Miami AU83
good GOD you are one stupid libtard and always have been. GTFO.
Posted on 6/19/18 at 10:16 am to Tiger n Miami AU83
Whether someone agrees or not to his method, Trumps plan is America First. That means making changes in the near term for long term improvements. The stock market is making adjustments for those near term changes, with the idea of better long term growth.
I don't know how it will work out long term, but I think it's laughable to think long term he is trying to hurt the economy.
I've talked to multiple large business owners and C-suite execs and it's almost unanimous that the regulations under Obama were absolutely killing business growth and that Trump has done almost nothing but improve the opportunity for long term growth.
That's not being political, it's pure economics. The politics are in the fact that liberals would prefer more regulations of certain industries no matter the economic impact.
I don't know how it will work out long term, but I think it's laughable to think long term he is trying to hurt the economy.
I've talked to multiple large business owners and C-suite execs and it's almost unanimous that the regulations under Obama were absolutely killing business growth and that Trump has done almost nothing but improve the opportunity for long term growth.
That's not being political, it's pure economics. The politics are in the fact that liberals would prefer more regulations of certain industries no matter the economic impact.
Posted on 6/19/18 at 10:38 am to LSUcam7
quote:
So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?
kinda depends on individual stocks...but the sp500 had like 4-5 straight weeks of gains...the SPY is still oversold imo(on monthly charts).
profit taking/corrections should be expected...obviously, the markets are not everyone's personal ATM.
(and not much volatility on SPY puts to indicate geo-political events as cause of any corrections)
persoanlly, the past week or 2 i've been closing positions and watching my remaining (short) options from last qrt expire.
its summer...but i'll prolly open up new positions as opportunity presents as earnings season heats up.
if sp500 drops to 50 moving avg again(on weekly chart)...then i'd be 100% in buying mode
This post was edited on 6/19/18 at 3:04 pm
Posted on 6/19/18 at 10:53 am to SurfOrYak
quote:
The Trump tax-cut legislation has led to record level of companies buying back shares, which has stoked the stock market.
most of those initial gains have been erased.
Posted on 6/19/18 at 11:21 am to Tiger n Miami AU83
I am a seller of premium this summer vs last summer where I was a buyer or premium.. working well so far.
Posted on 6/19/18 at 12:04 pm to baldona
quote:
I've talked to multiple large business owners and C-suite execs and it's almost unanimous that the regulations under Obama were absolutely killing business growth
Yet many corporations were reporting record profits the last few years of his term.
That's not a defense of Obama as I think presidents often get too much blame and credit for the overall economy. The people you referenced though often want their cake, and to eat it too.
Posted on 6/19/18 at 1:05 pm to Tiger n Miami AU83
MAGA is fixing all of our problems. The economy is soaring.
Posted on 6/19/18 at 1:17 pm to SurfOrYak
quote:
The Trump tax-cut legislation has led to record level of companies buying back shares, which has stoked the stock market.
Actually that went into effect Jan 1, 2018 and since then the stock market is down slightly as of right now and a frickload is being added to the debt.
Doesnt sound great to me.
Posted on 6/19/18 at 1:20 pm to kywildcatfanone
quote:
MAGA is fixing all of our problems. The economy is soaring.
Well Trump inherited Obama's economy. First year of any presidency is more about the predecessor and then in year 2 policy changes can start to take hold. What we see now is a downward trajectory in the stock market, rising prices, inflation, increasing interest rates and so forth now that trump has been in office a year.
Posted on 6/19/18 at 1:48 pm to Tiger n Miami AU83
You have to be the most ignorant person on here.
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