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re: Dow down 5% in last 4 days of trading

Posted on 2/5/18 at 2:49 pm to
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
13115 posts
Posted on 2/5/18 at 2:49 pm to
quote:

The issue is, did tax reform kill the bull market or is tax reform a fiscal policy mistake? That’s what the market is struggling with,” Nicholas Colas, co-founder at DataTrek Research, told Yahoo Finance.


Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/5/18 at 2:50 pm to
quote:

The issue is, did tax reform kill the bull market or is tax reform a fiscal policy mistake? That’s what the market is struggling with,” Nicholas Colas, co-founder at DataTrek Research, told Yahoo Finance.


So. The market is concerned about it..........but took 30 days to panic?

Every time the market corrects, you these instant analysis folks who really are just playing the game.

"Hey, if I call it right, they'll think I'm a genius, if I'm wrong, they'll forget".
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
29438 posts
Posted on 2/5/18 at 2:50 pm to
I don't know how safe it is, but I'm investing in bitcoins and cryptocurrencies.
Posted by Bass Tiger
Member since Oct 2014
51581 posts
Posted on 2/5/18 at 2:51 pm to
quote:

Holy overreaction Batman We literally 2 days ago got news that the economy added 200k jobs and wages grew by most since 2009 You think this is due to Economic news?


Inflation and interest rates fears, the sky is falling Back to 19080's double digit interest rates
Posted by Redleg Guy
Member since Nov 2012
2536 posts
Posted on 2/5/18 at 2:51 pm to
You can’t in one breath say how high the Dow is as a sign of a strong economy then in the same breath discount a drop as not reflective of the economy.

Pick one. Personally, I see it as a reflection.
Posted by Foreskinski
Member since Dec 2005
1054 posts
Posted on 2/5/18 at 2:51 pm to
(no message)
This post was edited on 6/9/20 at 12:50 pm
Posted by AmericaOverParties
Along I-10
Member since Jan 2018
403 posts
Posted on 2/5/18 at 2:51 pm to
quote:

What exactly do Repubs need to be called out for here? Any time the stock market drops Repubs should be called out? Why?




No, whenever they screw up. Ya know like that time the housing market crashed, stock market crashed, and we entered the greatest recession since the Great Depression under REPUBLICAN leadership.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/5/18 at 2:52 pm to
quote:

Hey Shorty, I was waiting along with you to see if he would actually answer. How funny!!


You want to see funny? When he finally comes in having figured out some incredibly unlikely entry and exit points, I have another follow up that he'll take 30 minutes to figure out.
Posted by LSURussian
Member since Feb 2005
131434 posts
Posted on 2/5/18 at 2:53 pm to
quote:

I don't know how safe it is, but I'm investing in bitcoins
So you're going all Chicken Little about the stock market that's down 4-5% and yet you "invest" in something that has lost 70% of its value in the last 7 weeks?

Wow......
Posted by Y.A. Tittle
Member since Sep 2003
107768 posts
Posted on 2/5/18 at 2:55 pm to
quote:

If Repubs need to be called out, I'm there.

If Dems need to be called out, I'm there.



You've been "here" for like a week, but say you've been reading the board for a long time.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71686 posts
Posted on 2/5/18 at 2:56 pm to
Ok genius, what negative economic news did the market react to?
Posted by Y.A. Tittle
Member since Sep 2003
107768 posts
Posted on 2/5/18 at 2:56 pm to
quote:

So you're going all Chicken Little about the stock market that's down 4-5% and yet you "invest" in something that has lost 70% of its value in the last 7 weeks?

Wow......



That's his safe haven.
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
29438 posts
Posted on 2/5/18 at 2:56 pm to
quote:

has lost 70% of its value

And that's why it's a good investment now. A buyers market
Posted by LSURussian
Member since Feb 2005
131434 posts
Posted on 2/5/18 at 2:56 pm to
quote:

That's his safe haven.
Posted by TeLeFaWx
Dallas, TX
Member since Aug 2011
29286 posts
Posted on 2/5/18 at 2:56 pm to
quote:

No, whenever they screw up. Ya know like that time the housing market crashed, stock market crashed, and we entered the greatest recession since the Great Depression under REPUBLICAN leadership.


You mean in the early 2000s when Republican leadership wanted to put added oversight in to Fannie Mae and Freddie Mac, and Barnie Frank and the Democrats condemned it as racist and forced even more homes on people that couldn't afford them?

Because you clearly don't know what you're talking about.
Posted by LSURussian
Member since Feb 2005
131434 posts
Posted on 2/5/18 at 2:58 pm to
quote:

early 2000s when Republican leadership wanted to put added oversight in to Fannie Mae and Freddie Mac, and Barnie Frank and the Democrats condemned it as racist and forced even more homes on people that couldn't afford them?

My congressman, Richard Baker, literally received death threats because he wanted to regulate FNMA and FRMC more. He retired from congress not long after that.
This post was edited on 2/5/18 at 3:00 pm
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/5/18 at 3:00 pm to
quote:

When did you take them?January 2018.


Damn Austin.

You seem to have gone into hiding.
Posted by Lg
Hayden, Alabama
Member since Jul 2011
7918 posts
Posted on 2/5/18 at 3:00 pm to
quote:

You want to see funny?


I don't know if I can take that. Do you think he is trying to get an answer from a financial adviser?
Posted by BigAppleBucky
New York
Member since Jan 2014
1807 posts
Posted on 2/5/18 at 3:01 pm to
quote:

Dow down 5% in last 4 days of trading
Stocks are getting smoked again


Hmmm. All down votes no up votes. Must be fake news.

There's an old saw. Pick your numbers, but it goes something like: the stock market has predicted ten out of the last four recessions.

The market has been overbought (in my opinion) for some time now. We've had years of growth and that's just not sustainable. Ever. As often happens, the market over-reacts. It very well could go down a scary amount before recovering. But as long as the economy keeps expanding (slowly) as it has been over the last eight years, the market will rebound. Probably sooner than later.

Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 2/5/18 at 3:02 pm to
quote:


You mean in the early 2000s when Republican leadership wanted to put added oversight in to Fannie Mae and Freddie Mac, and Barnie Frank and the Democrats condemned it as racist and forced even more homes on people that couldn't afford them?


That certainly contributed to the problem, but the wheels were set in motion with the repeal of Glass-Steagall, pushed by Republicans and signed by Clinton on his way out the door.
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