News Dow bouncing around -1000

[hal2kilo]

With government officials competing for who can shine Trump's lil nob the best for the cameras confidence is low that this situation won't get way out of hand.

https://twitter.com/x/status/1237037807765512192

Why is this asshole even mentioning the economy. I thought he was supposed to be in charge of virus control. Another useless prop.

 

[brycejones]

Why is this asshole even mentioning the economy. I thought he was supposed to be in charge of virus control. Another useless prop.

Its what happens when the value of only caring about money flows from the top down.

 

[hal2kilo]

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.

Bush Boom Continues | National Review

There is no recession. Despite all the doom and gloom from the economic pessimistas, the resilient U.S economy continues moving ahead “‘quarter after quarter, year after year'” de…

www.nationalreview.com

Oh Larry, Tool be thy name.

 

[senseamp]

Kudlow is a great advisor, if you always do the opposite of what he recommends.

 

[Bitek]

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

 

[Homerboy]

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

link please?

 

[Jaskalas]

Herbert Hoover is a shining example of the wisdom of this advice.

Moving forward, America needs an orange brand of toilets.

Hoover might suck, but Trump is full of...

 

[cytg111]

A taxcut and interest rate adjustment will counter... oh you already spend those bullets? Too bad.

 

[Jhhnn]

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.

 

[cliftonite]

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]

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!

 

[hal2kilo]

Closed below 2000.
-2024

 

[zinfamous]

Closed below 2000.

yay for history!

 

[cytg111]

What a shit show

 

[ivwshane]

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).

 

[K1052]

yikes

 

[Vic]

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]

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.

 

[Vic]

oh man, this really is the libertopian fantasy come to life for you, isn't it!

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]

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

 

[Bitek]

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]

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]

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.

 

[MomentsofSanity]

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]

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.