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re: Dow down 5% in last 4 days of trading
Posted on 2/5/18 at 2:49 pm to AmericaOverParties
Posted on 2/5/18 at 2:49 pm to AmericaOverParties
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 on 2/5/18 at 2:50 pm to Jyrdis
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 on 2/5/18 at 2:50 pm to Y.A. Tittle
I don't know how safe it is, but I'm investing in bitcoins and cryptocurrencies.
Posted on 2/5/18 at 2:51 pm to HailHailtoMichigan!
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

Posted on 2/5/18 at 2:51 pm to HailHailtoMichigan!
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.
Pick one. Personally, I see it as a reflection.
Posted on 2/5/18 at 2:51 pm to AmericaOverParties
(no message)
This post was edited on 6/9/20 at 12:50 pm
Posted on 2/5/18 at 2:51 pm to TeLeFaWx
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 on 2/5/18 at 2:52 pm to Lg
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 on 2/5/18 at 2:53 pm to tarzana
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?
I don't know how safe it is, but I'm investing in bitcoins
Wow......
Posted on 2/5/18 at 2:55 pm to AmericaOverParties
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 on 2/5/18 at 2:56 pm to Redleg Guy
Ok genius, what negative economic news did the market react to?
Posted on 2/5/18 at 2:56 pm to LSURussian
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 on 2/5/18 at 2:56 pm to LSURussian
quote:
has lost 70% of its value
And that's why it's a good investment now. A buyers market
Posted on 2/5/18 at 2:56 pm to Y.A. Tittle
quote:
That's his safe haven.

Posted on 2/5/18 at 2:56 pm to AmericaOverParties
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 on 2/5/18 at 2:58 pm to TeLeFaWx
quote: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.
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?
This post was edited on 2/5/18 at 3:00 pm
Posted on 2/5/18 at 3:00 pm to austintigerdad
quote:
When did you take them?January 2018.
Damn Austin.
You seem to have gone into hiding.

Posted on 2/5/18 at 3:00 pm to ShortyRob
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 on 2/5/18 at 3:01 pm to AmericaOverParties
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 on 2/5/18 at 3:02 pm to TeLeFaWx
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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