DOW up 3.3% year to date. When does the "winning" start?

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uallas5

uallas5

Golden Member
Jun 3, 2005
1,647
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JohnShadows said:
And he's been dishonest about how much help he got from his father. That story about a single $1 million loan was a bald-faced lie.
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And he says it as if that's $1 Million in today's money. It was back in the early 70's when the avg American was earning about $12K
 
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MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,076
9,554
146
Should be another sell off today. Earnings week was supposed to stop the flow but 3M and Caterpillar both missed earnings.

This is going to be a looooooong day.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
SlowSpyder said:
Lowest growth in nine years, their stock market is down some 30% on the year. You're fooling youreself if you think they're not feeling it. They've had numerous double digit quarters of growth, this isn't what they want.
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They are feeling it as much as Brady does with a couple sacks.

You can take some "moral victory," but he's still kicking your ass by 28pts rather than 35.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
fskimospy said:
It is pretty weird to see people keep trying to argue Trump is a good businessman. Mike Bloomberg, Bill Gates, Warren Buffett, those are good businessmen. They made billions from nothing. Whatever wealth Trump actually has, he would very likely have been considerably wealthier had he just let other, competent people manage his money that he inherited instead of trying to go into business himself.

The only thing Trump has ever appeared competent at is self promotion.
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He's also a talented liar.

Quite amazing what he gets dopes to believe, but I guess that's the skill a lifetime of practice gets you.

Take this thread topic. Trump knows only wrong headed, foolish things about trade, but professes he's an expert because he has a golden toilet.

He's so amazing at trade, that just listening and brainlessly repeating his words makes one an Esteemed Trade Expert, certified by Trump University School of International Economics and Trade.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
imported_tajmahal said:
My winning started November 9th 2016 and has just been getting better and better every day so far.

Your mileage may vary.
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My winning started on March 9, 2009 when Obama flipped the Bush bear market into a bull, altho old blue is starting to look long in the tooth.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
hal2kilo said:
Moved almost a half million 5 months ago into basically a money market fund. I'm set for the crash.
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I don't like trying to time the market to make big moves too quickly, too easy to get wrong, but I'm getting pessimistic.

Fundamentally econ is still strong, and Trump's taxpayer debt fueled stock buy back program is shovelling billions into the market, but the dotard might be stupid enough to drive us into the ditch.

Good god can you imagine if he were elected potus in 2008 how screwed we'd be?
 
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G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
fskimospy said:
It is pretty weird to see people keep trying to argue Trump is a good businessman. Mike Bloomberg, Bill Gates, Warren Buffett, those are good businessmen. They made billions from nothing. Whatever wealth Trump actually has, he would very likely have been considerably wealthier had he just let other, competent people manage his money that he inherited instead of trying to go into business himself.

The only thing Trump has ever appeared competent at is self promotion.
Click to expand...

That is the sadly amusing part in all of this. Trump grew a real estate empire. What does he know about international trade? And honestly I can not say for certain he was very good at growing his empire. Gobbling up real estate during record low interest rates doesn't tell me if he knows what he is doing. It tells me he has enough collateral to get away with it.

Agree 110% he is a master at self promotion.
 
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Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,337
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As of this morning, the DJIA is now effectively flat YTD.
 
FIVR

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
Donald Trump's stock market has arrived. The good news is he has told us it is his policies that are responsible for all the stock market gains and losses so we all know exactly who is to blame for this.
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
5,191
4,572
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Looks like I might have timed pulling out all my short term 3-5 year money pretty well for once. Should have convinced my GF to sell more of her company stock last open trading period though. She got within 0.5% of the high for what she did sell and now it's down almost 20% :rolleyes:
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,076
9,554
146
Good news! There are no tariffs afterall!

DqRoxSRX4AAkoXT.jpg


https://www.wsj.com/articles/trump-steps-up-attacks-on-fed-chairman-jerome-powell-1540338090

What a fucking lunatic.
 
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K1052

K1052

Elite Member
Aug 21, 2003
52,628
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136
The level of lying has really reached an extraordinary high. I mean it he could have just defended them as usual instead of trying to deny they exist.

Never tell the truth if a lie will do.
 
F

fskimospy

Elite Member
Mar 10, 2006
87,953
55,323
136
K1052 said:
The level of lying has really reached an extraordinary high. I mean it he could have just defended them as usual instead of trying to deny they exist.

Never tell the truth if a lie will do.
Click to expand...

It really has, here's a compilation of Trump's lies by week. While it's always at an incredibly high level in the last 5-6 months it's gone into the stratosphere. The blizzard of lies coming out of the White House is absolutely incredible.

DqRqSm4XcAA5eQ1.jpg
 
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V

VRAMdemon

Diamond Member
Aug 16, 2012
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IronWing

IronWing

No Lifer
Jul 20, 2001
72,838
33,886
136
fskimospy said:
It really has, here's a compilation of Trump's lies by week. While it's always at an incredibly high level in the last 5-6 months it's gone into the stratosphere. The blizzard of lies coming out of the White House is absolutely incredible.

DqRqSm4XcAA5eQ1.jpg
Click to expand...
What happened the week of Sept 16, he have the flu?
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
Everything getting pounded again today. Down 200 pts. We were down 400 yesterday, with a late day recovery to get since of that back.

Today driven by news of home sales hitting two year low. Rising interest rates will remain a headwind and forecasted to ride again in December.

Tariffs on steel and lumber won't help either.

Lastly, the fucking SALT limits reduce the incentives to remodel as home equity loans/LOC can easily push you over the limits.

Materials are more expensive, loans are more expensive, and tax deductions are lost.
Loss of projects will mean lost jobs.

But the big banks are doing really well from Trump's tax cuts. Clearly those are the guys hurting...
 
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