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

[UNCjigga]

Does this Administration understand that elections don't work like a major league draft? I pray they aren't gonna pull a Sixers and intentionally tank the economy if Dems take the House.

 

[fskimospy]

Does anybody remember when the stock market would go up consistently 10-20% per year and not go down 4% a day for weeks at a time? It was before Donald Trump's tax cuts for the rich and his tariff trade war.


Those were the good old days, the Obama economy will be looked upon as the peak of US civilization one day.

S&P average rate of return with dividends reinvested is ~10%. That means plenty of years below 10%.

Judging presidential performance by the stock market is a dumb idea when the market is doing poorly the same as when its doing well. The two just aren't that related. Of course Trump deserves whatever criticism he's getting now because he tried to take credit for it doing well so screw him.

 

[soundforbjt]

Trump never takes credit for anything bad.

 

[FIVR]

S&P average rate of return with dividends reinvested is ~10%. That means plenty of years below 10%.

Judging presidential performance by the stock market is a dumb idea when the market is doing poorly the same as when its doing well. The two just aren't that related. Of course Trump deserves whatever criticism he's getting now because he tried to take credit for it doing well so screw him.

You seriously don't think his trade war has anything to do with current performance (YTD) of the indexes?

 

[MomentsofSanity]

Yesterdays rebound officially gone...

Been a lot more hectic trading day today compared to the rest of the week.

 

[hal2kilo]

Pigs get fat, hogs get slaughtered. Should of sold my FB when it was above 200. Got real close, but greed..........

 

[fskimospy]

You seriously don't think his trade war has anything to do with current performance (YTD) of the indexes?

I suspect it didn't have nearly as much to do with it as the fed raising rates. Now of course you could say that's due to Trump's policies too as he's engaging in massive fiscal stimulus in an economy at full employment, but I would caution against reading too much into it.

Regardless though, if you actually think you know why the market is moving then you should use that knowledge to make yourself a shitload of money.

 

[soundforbjt]

24,688.31
-296.24 -1.19%
So much winning...

 

[Victorian Gray]

Trolling because i will not bow to Obama and Hillary... Suck on...

You shouldn't be posting stuff on internet forums while experiencing a stroke. I'd suggest seeing a doctor as quickly as possible.

 

[umbrella39]

You shouldn't be posting stuff on internet forums while experiencing a stroke. I'd suggest seeing a doctor as quickly as possible.

It's been fun watching this pussy meltdown today! Someone has to be the champion for the drug addled basement dwellers...

 

[Engineer]

More winning as Dow down 350 points (from up 350 earlier) and Nasdaq at the 7,000 level. All because of a report that the cheeto admin has already put in a plan to tariff the remaining 257 billion in Chinese goods if talks don't produce during the next meeting between the two.

Once you get the boulder rolling down the hill, it's hard to stop.

Edit: Down 400 now. Nasdaq down 185. Down just bounced off of the 52 week low and the Nasdaq hung around the 7,000 level. Capitulation coming?

Edit: All 3 major indexes into correction territory with Morgan Stanley now calling for a Bear Market (20% down). Like I said...the boulder is rolling and cheeto admin is giving it a big ole push.

Edit: Down down 530 with Nasdaq down 240. Significance is that the Dow was UP 350 this morning. This is a 900 point intraday swing.

Edit: Down 350 now. Swinging hard both ways. All fucked up for sure.

 

[dainthomas]

It had been funny seeing all the tea partiers, who formerly wanted to tear it all down, become Wall Street cheerleaders the last year. I am going to miss that.

 

[zinfamous]

Trolling because i will not bow to Obama and Hillary... Suck on...

It's not about your refusal to "bow to Obama or Hillary."

It's about your curious refusal to bow to the universal standard of observation-based evidenciary precedence.

 

[Bitek]

More winning as Dow down 350 points (from up 350 earlier) and Nasdaq at the 7,000 level. All because of a report that the cheeto admin has already put in a plan to tariff the remaining 257 billion in Chinese goods if talks don't produce during the next meeting between the two.

Once you get the boulder rolling down the hill, it's hard to stop.

Edit: Down 400 now. Nasdaq down 185. Down just bounced off of the 52 week low and the Nasdaq hung around the 7,000 level. Capitulation coming?

Edit: All 3 major indexes into correction territory with Morgan Stanley now calling for a Bear Market (20% down). Like I said...the boulder is rolling and cheeto admin is giving it a big ole push.

Edit: Down down 530 with Nasdaq down 240. Significance is that the Dow was UP 350 this morning. This is a 900 point intraday swing.

Edit: Down 350 now. Swinging hard both ways. All fucked up for sure.

Goddammit. Was hoping for some sort of bounce back so I could sell some into cash.

What a mess

 

[fleshconsumed]

Goddammit. Was hoping for some sort of bounce back so I could sell some into cash.

What a mess

Markets were up almost 2% for the first half of the day today. If nothing major happens in the next few months it might go back up once buybacks resume.

 

[Bitek]

Markets were up almost 2% for the first half of the day today. If nothing major happens in the next few months it might go back up once buybacks resume.

Yeah, which is a worrying sign. Looks like the market wanted to bounce, but flew like a lead balloon.

Makes me concerned what's coming next

 

[Engineer]

Markets were up almost 2% for the first half of the day today. If nothing major happens in the next few months it might go back up once buybacks resume.

Only if Cheeto kills the tariffs IMO



Sent from my iPhone using Tapatalk

 

[FIVR]

There was an announcement that Trump is planning another 250B in tariffs if his upcoming meeting with Xi doesn't go well (it won't). That's what sent the market crashing after 3pm.



This market is such a shit show and now the Fed has to raise rates no matter what because Cheeto jesus decided he had to open his fat mouth and criticize the Fed. What a fvcking moron.

 

[FIVR]

Only if Cheeto kills the tariffs IMO



Sent from my iPhone using Tapatalk

He is sweating. He knows he can't force Xi into conceding and he knows his Tariffs are destroying the bull market but he has dug himself a deep hole and the only way out is capitulating to China. It will be interesting to see if he tries to make a "deal" like he did with Canada that basically gives us nothing but which he can call a "win" anyway.

My guess is he puts more tariffs on and the market continues to flounder until the democrats win the house and take his tariff powers away.

 

[Paul98]

With Job numbers at the end of the week, Facebook and Apple reporting later this week. Could be an interesting week

 

[Engineer]

There was an announcement that Trump is planning another 250B in tariffs if his upcoming meeting with Xi doesn't go well (it won't). That's what sent the market crashing after 3pm.



This market is such a shit show and now the Fed has to raise rates no matter what because Cheeto jesus decided he had to open his fat mouth and criticize the Fed. What a fvcking moron.

I saw that the Fed is now considering a 0.2% increase instead of 0.25% (normal 25 basis points). Strange move.....

 

[Engineer]

With Job numbers at the end of the week, Facebook and Apple reporting later this week. Could be an interesting week

I also read that there was a stock buyback lock on the last few weeks, IIRC, and that would be turned off after earnings season. I guess companies holding lots of cash could buy their stock back to prop it up.

 

[fleshconsumed]

I also read that there was a stock buyback lock on the last few weeks, IIRC, and that would be turned off after earnings season. I guess companies holding lots of cash could buy their stock back to prop it up.

That's what I'm counting on, but I think I'm out before the next earnings.

 

[Zorba]

S&P average rate of return with dividends reinvested is ~10%. That means plenty of years below 10%.

Judging presidential performance by the stock market is a dumb idea when the market is doing poorly the same as when its doing well. The two just aren't that related. Of course Trump deserves whatever criticism he's getting now because he tried to take credit for it doing well so screw him.

To be fair, the tank today was based on the tariff news. In general I agree that the market is only somewhat correlated to the president's actions and there is usually a decent lag.

 

[Sunburn74]

Yesterdays rebound officially gone...

Been a lot more hectic trading day today compared to the rest of the week.

Years entire gains gone. Jeez I'm losing money here.