3,066
 

Jul 11 - Dow Jones crosses 27,000 mark for first time EVER


 


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 4 days ago '07        #26
Bighempin of QM 16 heat pts16
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My 401k looks like sh*t!

 4 days ago '17        #27
Naga Sadow 52 heat pts52
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 NinetyThree94 said
Sure buddy
That's it, that's all you have to offer?


 4 days ago '04        #28
bibbyboi 31 heat pts31
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 Ymmot said
There is no economic boom, the economy has been on a steady path for the past 10 years. Most of the regulations he rolled back allow companies to pollute our air and water more, and take more advantage of employees. I guess you like that kind of stuff since you're an invalid and don't work. You think there is an economic boom, that's funny.

Also, I know you're smarter than almost all economists, but the general consensus is that the tax cuts failed to do what they were meant to do. There are literally hundreds of articles written by anaylists and economists saying the tax cuts failed to create any type of boom. But again I know you're smarter than all these people.








Also corporations used the tax cuts to do stock buy backs. Stock buy backs artificially inflate a companies worth. There was no increase in productivity or sales, at least not more than what was already happening for the last 10 years. But the market looks good.
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 4 days ago '17        #29
Ymmot 20 heat pts20
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 bibbyboi said


Also corporations used the tax cuts to do stock buy backs. Stock buy backs artificially inflate a companies worth. There was no increase in productivity or sales, at least not more than what was already happening for the last 10 years. But the market looks good.
I don't get why people are fooled by this.
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 4 days ago '04        #30
fat_boyy21 329 heat pts329
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 AintNunMajor said
Liberals in this thread fuming

They can’t stand to see the president handling the economy so well

What people are pointing out is that it could be even better than what it is now. Government shutdown, no china trade deal, tax cuts artificially inflating the stock market through buy backs and the dow was still negative jan - dec of last year. now we have yield curves inverting and a lot of economists are calling a recession in the next year. I really don't see how trump is setting up success for America's future
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 4 days ago '06        #31
Skateboard T 54 heat pts54
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 Gold Face said
If I wasn’t so invested everywhere I wouldn’t be a trump supporter. Any change in course for this country with one of these democrat candidates and the economy will surely tank. The best chance of stability is to ride out another term of trump. Secure your wealth in those 5 years and hope for the best going forward. That’s been gold faces plan and if you’ve been watching it’s unfolding as predicted

Good luck to all
Lol dude got 1500 in the markets like “I’m invested everywhere”

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 4 days ago '06        #32
Skateboard T 54 heat pts54
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I will give Trump his props for not fu*king up Obama’s fiscal policy effects.

All praise to Obama tho. That man literally pulled us out of a fu*kin PIT.

 4 days ago '17        #33
arms 25 heat pts25
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Cheap money is the reason for all time highs. In fact, cheap money is the reason for the past 10 years. Remember that.

 4 days ago '17        #34
arms 25 heat pts25
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 Skateboard T said
I will give Trump his props for not fu*king up Obama’s fiscal policy effects.

All praise to Obama tho. That man literally pulled us out of a fu*kin PIT.
A bigger favor would have been allowing the banks to fail. Obama didn't do anything but kick the can down the road. This is not a diss to Obama and I ain't starting a political debate.
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 4 days ago '04        #35
mr_underground|m 2207 heat pts2207
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I'm not into politics but I've made more money under Trump than any president in my adult life. I complain...
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 4 days ago '07        #36
240ka 61 heat pts61
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 mr_underground said
I'm not into politics but I've made more money under Trump than any president in my adult life. I complain...
Pretty sure you werent invested when Bush was in office. So stop it.

 4 days ago '17        #37
NinetyThree94 193 heat pts193 OP
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 mr_underground said
I'm not into politics but I've made more money under Trump than any president in my adult life. I complain...
Thank you for this powerful contribution.

 4 days ago '17        #38
dubsax 16 heat pts16
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doesnt mean sh*t really.

The DOW is not a snapshot of the market at all.
In fact only 77 (out of 11000 total) companies are responsible for almost 30% of the entire market value. You can have 9000 companies doing ok - bad but if the majority of those 77 are doing good it will look like the economy is doing great.

The S&P, DOW, Russell are all just indexes voted on by various people but dont represent the entire market.

The DOW is only large cap blue chip stocks.
Anyone with real skin in the game knows this.

Earnings season starts next week
+2   

 4 days ago '06        #39
philly337 28 heat pts28
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Do I need to post the stock chart again and circle when trumps fiscal year started

I've done it about 3-4 times and they've gone ghost every time lls
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 4 days ago '06        #40
philly337 28 heat pts28
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[pic - click to view]



+1   

 3 days ago '06        #41
philly337 28 heat pts28
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 philly337 said
Do I need to post the stock chart again and circle when trumps fiscal year started

I've done it about 3-4 times and they've gone ghost every time lls
 philly337 said

[pic - click to view]



14 hours later
+2   

 3 days ago '17        #42
quarter 153 heat pts153
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 Skateboard T said
I will give Trump his props for not fu*king up Obama’s fiscal policy effects.

All praise to Obama tho. That man literally pulled us out of a fu*kin PIT.
You fool Obama was the stimulus package King he's the reason why were in so much debt right now.
+1   

 3 days ago '04        #43
bibbyboi 31 heat pts31
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 philly337 said
14 hours later
Can you explain what I'm looking at? Props in advance.

 3 days ago '17        #44
Ymmot 20 heat pts20
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 quarter said
You fool Obama was the stimulus package King he's the reason why were in so much debt right now.
You actually mean congress. Obama's policies created less debt than GWB. And trump has raised the debt quicker than any President before him. But you don't actually care about debt, just blaming the people you've been told to not like.
+1   

 3 days ago '06        #45
philly337 28 heat pts28
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 bibbyboi said
Can you explain what I'm looking at? Props in advance.
It's the Dow Jones since 08-09 showing the stock market has kept the trend for the past decade (Obama) and trump inherited the sh*t. The two lines are support and resistance (kind of walls the stock market bounces off on high and lows on its way up keeping the trend). The black box is from October 1st 2017 until now ..what that represents in the first day of trumps first fiscal year (what historians and anybody with common sense use when judging a president's economy...this is when policies and such start to be put in place). As you see it's basically been sideways since then up until the past few months. Here's a more zoomed in look since his fiscal year started...



[pic - click to view]




Not only that...2018 the Dow lost over 5% in 2018 (after crushing for a decade). The only times in the last 40 years the Dow has lost over 5% was...

2008 - recession
00-02 - recession
1981 - recession


Last edited by philly337; 07-13-2019 at 12:19 AM..
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 3 days ago '16        #46
North Face 42 heat pts42
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Liberal cucks spinning around and act like this isn’t Trumps doing.

MAGA!!!
-1   

 3 days ago '05        #47
Arceo 21 heat pts21
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 Bighempin of QM said
My 401k looks like sh*t!
Learn to manage your portfolio instead of going with the company default standard trash mutual fund

 3 days ago '05        #48
Arceo 21 heat pts21
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 philly337 said
It's the Dow Jones since 08-09 showing the stock market has kept the trend for the past decade (Obama) and trump inherited the sh*t. The two lines are support and resistance (kind of walls the stock market bounces off on high and lows on its way up keeping the trend). The black box is from October 1st 2017 until now ..what that represents in the first day of trumps first fiscal year (what historians and anybody with common sense use when judging a president's economy...this is when policies and such start to be put in place). As you see it's basically been sideways since then up until the past few months. Here's a more zoomed in look since his fiscal year started...



[pic - click to view]




Not only that...2018 the Dow lost over 5% in 2018 (after crushing for a decade). The only times in the last 40 years the Dow has lost over 5% was...

2008 - recession
00-02 - recession
1981 - recession
Waste of knowledge if you knew the blue chips would spike this high too

 2 days ago '15        #49
87HUNDRED 63 heat pts63
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This sh*t is getting out of hand. Stocks are overpriced because of cheap money, unnecessary tax cuts, and stock buybacks. All which benefits the 1%.

The average joe and Jane are up to their eyeballs in debt barely scraping buy.
Most can’t come up with $400 without borrowing.

The fundamentals of our economy are dead ( we borrow to much for depreciating junk, we don’t build enough, and we don’t pay enough).

We’re inevitably heading towards a longterm recession, and that’s why I’m stacking my paper.


"the time to buy is when there's blood in the streets." -Baron Rothschild


+2   

 2 days ago '05        #50
Fauby 26 heat pts26
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 bibbyboi said
Can you explain what I'm looking at? Props in advance.
The chart shows that Trump's economy is fully based off continuation of Obama's economy/policies. All Trump did was not fu*k it up, which in the dramatic drop In his section that's highlighted is his tax cuts/meddling with it that's fu*king it up.

Basically, the economy was growing and going up, no matter who was president.

They could have took a president-less 4 year approach, and the economy will be in the same position.

The tax cut that Trump passed last year, made the economy look better on paper, but actually made it worse for the future. As you can see Trump's economy is not growing so fast after the 2017 year, it's kinda slowing down.

If you look at growth during obama years, it's swinging up like crazy, Trump's continued that way until he passed his tax cuts in 2017 and the line stopped growing as fast as years before. It's getting stagnant and slow growth, and which most of the growth is fixing or balancing from his huge 500+ point drops recently. So it's basically just balancing


Last edited by Fauby; 07-13-2019 at 01:13 PM..
+1   

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