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News Dow bouncing around -1000

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hal2kilo

Lifer
Feb 24, 2009
16,456
4,376
136
I think we should keep listening to Larry Kudlow who is a widely noted expert on the economy. Just looking at him calling things in December of 2007 - hard to argue he missed this one.

Oh Larry, Tool be thy name.
 
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Bitek

Diamond Member
Aug 2, 2001
9,185
3,201
136
A this rate, by Wednesday the stock market will be lower than Obama's final score. I wonder how happy Trump will be at that point.
I keep Slow's "Trump's scoreboard" thread bookmarked.

Fwiw, we are down several thousand points since the OP brag thread.

May also be related to why he's ghosted himself from ATPN
 

cytg111

Lifer
Mar 17, 2008
15,191
5,279
136
A taxcut and interest rate adjustment will counter... oh you already spend those bullets? Too bad.
 

Jhhnn

No Lifer
Nov 11, 1999
61,662
13,746
136
Could be worse, Trump could have hired Krugman for the job in which case we'd be truly fucked.
Yeh, he probably would have advised against investor class tax cuts & blowing up the economy thru unmitigated greed.
 
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cliftonite

Diamond Member
Jul 15, 2001
6,872
44
91
Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.
What exactly is immoral about how people are living today?
 

Jhhnn

No Lifer
Nov 11, 1999
61,662
13,746
136
What exactly is immoral about how people are living today?
Prosperity theology dictates that poverty is a state of moral depravity. It's God's vengeance on the wicked & he'll be coming down hard on them. Repent, sinners!
 

ivwshane

Lifer
May 15, 2000
28,656
8,777
136
Is there an ETF that tracks similar to the DOW?
Is vanguard still the place to go for ETF’s? I want to get in but I think the DOW might go to 20-21k which to me seems like a safe bet no matter what happens (ie if it goes lower it’s extremely likely to recover quickly back or past that mark).
 

Vic

Elite Member
Jun 12, 2001
47,859
8,185
126
Anyone else totally SHOCKED that this fella supports the idea of postponing the primaries? Segues nicely into a precedent for postponing the general, doesn't it...
Any moment now the MAGAs will get their talking points about how we-saa need to give President Trump 'emergency powers,' like no one ever saw that coming..
 

fleshconsumed

Diamond Member
Feb 21, 2002
6,022
1,387
136
Is there an ETF that tracks similar to the DOW?
Is vanguard still the place to go for ETF’s? I want to get in but I think the DOW might go to 20-21k which to me seems like a safe bet no matter what happens (ie if it goes lower it’s extremely likely to recover quickly back or past that mark).
I don't know if there are ETF's that tracks DJI, but there are plenty low fee ETF's that track SP500 from Fidelity/Schwab/Vanguard. Since all indexes tend to move in tandem, just get SP500 ETF.
 
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Vic

Elite Member
Jun 12, 2001
47,859
8,185
126
oh man, this really is the libertopian fantasy come to life for you, isn't it! :D

purge the undesirables and let the few remaining, noble, John Galts of the world convert the world into a corporatist's paradise reserved for the very few.
The funny thing about the John Galts of this world is that they think own everything because they think invented and created everything, including language, arts, and mathematics, and that it's everyone else who are the would-be thieves...
 

Bitek

Diamond Member
Aug 2, 2001
9,185
3,201
136
Is there an ETF that tracks similar to the DOW?
Is vanguard still the place to go for ETF’s? I want to get in but I think the DOW might go to 20-21k which to me seems like a safe bet no matter what happens (ie if it goes lower it’s extremely likely to recover quickly back or past that mark).
There are a number. Sp500, nasdaq..

Fidelity has a number of NO fee ones now even

FNCMX -nasdaq
FUSVX - sp500
 
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Bitek

Diamond Member
Aug 2, 2001
9,185
3,201
136
Things get crushed, but not so bad I wanted to buy. AAPL still only got low of $263.

It hit 259 on the 28th when I bought it and resold @300 two days later

I don't know how good of dead cat bounce we'll get. Shits getting real, so may stay down longer. IDK
 

Vic

Elite Member
Jun 12, 2001
47,859
8,185
126
It's not reserved for the few, we'll rent your stuff back to you after you firesale it to us.
How are all the un-enterprising unemployed far-left socialists able to firesale anything to anyone when (according to you) they don't anything to sell?
 

IronWing

No Lifer
Jul 20, 2001
61,211
14,072
136
A taxcut and interest rate adjustment will counter... oh you already spend those bullets? Too bad.
Maybe run up the deficit to stimulate growth? ;)

Is it infrastructure week yet? Somebody told me there would be an infrastructure week. I don't see any infrastructure week.
 
Jan 25, 2011
16,084
7,573
146
Is there an ETF that tracks similar to the DOW?
Is vanguard still the place to go for ETF’s? I want to get in but I think the DOW might go to 20-21k which to me seems like a safe bet no matter what happens (ie if it goes lower it’s extremely likely to recover quickly back or past that mark).
There are plenty. DIA is the main one. There's also inverse and leveraged ETFs if you're feeling particularly brave.
 

Vic

Elite Member
Jun 12, 2001
47,859
8,185
126
People keep blaming the virus, but I see that as a trigger, not the cause. For that, we need to look at what the bears have been saying for years: cheap money, corporate buybacks, and a disconnect from accountability.
I'm not retiring anytime soon, so I'm long everything, but I think deep-down we all had to have known that the day was going to come when the Fed and the govt couldn't keep inflating the market through rate cuts, tax cuts, and bailouts.
 

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