You guys just dont get it do you..... Read my lips....... The reason that the Dow went up 1000 points was due to the legislation which covers pension funds directing Trustees to "leave" bonds and get into equities. Its the law. The amount involved was 64 billion dollars. That is the only reason the ponzi scheme went up...no other reason...just a large injection of funds directed by legislation. It all comes back to portfolio allocation...simple as that...
After investors realized the shock of a return to a double digit unemployment Nancy P helped get us last time she was Speaker was unfounded with this admin, the market returned to normal
Hahaha! I told everyone to buy when it was down. I made alot of money. I love being correct as much as I am.
hey doomug I called you out yesterday on your post that you didn't lose a penny in the recent market gyrations. Now you're telling us you made a lot of money yesterday. something doesn't compute, unless you just went full back into stocks yesterday. Inquiring minds would like to know. My feelings, you are full of BS.
Nobody actually believes that. You're just trying to take a dig at CNN. What is clear though from reading this forum is that the Trump fans are back to thanking Trump just for one day of the market bounce. When the market tanks again next time they'll blame it back on the Dems. You can't make this stuff up
Wow! The guys who manage these funds must have been sweating bullets all during December wondering when the best time would be to make the mandated 'buy'. Looks like they 'threaded the needle', Billy, but here in this thread we're likely to see a continuation of the factional strife between those who give Obama "credit", those who give Trump "credit", those who give holiday binge-buying "credit", those who give the Fed "credit", and those who give the calendar "credit". On and on.... I'm very glad you're posting here, Billy. Whether you prove to 'right' or 'wrong', you have provided a logical rationale for your observations, and, a credible source with factual information! Two more questions more, please: assuming that the headlong plunge of the markets continues on after whatever kind of "Santa Claus" rally this thing proves to be, how long until the bottom falls out...? Lastly, if I understand you correctly, you think the Fed is going to reverse itself and start cutting interest rates again? What do you think will cause that exactly... and, when?
Yesterday was quite a day for the markets, while Trump is away, the White House sends out adults to speak with the media, in particular Kevin Hassett, who walks back Trump's crazy ramblings & comments about the Trump appointed Fed Chair, including possible firing him. Hassett says Powell won't be fired - 100%! That was enough to get the markets roaring however Trump is back in the White House, up & tweeting so we'll see what today brings.......
Yea, I heard a lot if idiotic praise for obama during the markets rise but those same fools forget to mention that for most of that time obama printed $80,000,000,000 PER MONTH and gave it to Wall Street banks.
It's not that they don't get it, it's that they would rather participate in the useless partisan rock throwing contest they do everyday. It is hard to imagine that may-many people wake up every morning looking for something they can use to throw against "the other side"...meanwhile the same people get elected over and over and the continuing corporate plutocracy thrives.
Obama was nothing but Bernanke's 'house pet', doing what he was instructed to do through Fed operatives like Tim Geithner, Obama's "Treasury Secretary" . Mostly, the Fed simply paraded Obama around as some kind of 'poster-boy' for the Democrat Party's big "welfare circus". Obama had never held a real-world job, and has never shown that he has the least real understanding of anything approaching an "economy". You'd never turn some jackass, hyperliberal college teacher loose with a money "printing press".... No, Obama didn't "print" the money for the banks -- the Federal Reserve System combine did that, along with creating a gigantic 'fraud balloon' which it levered into existence with QE I, QE II, QE III, Operation Twist, and the deliberate crushing of interest rates at a time when there was enormous demand for CASH! As much as I despise Barack Obama, let it never be said that he "printed" money....
I always love when internet wannabe billionaires claim actual billionaires know nothing about things like the market. The best comedy one can get for free.
You are correct but obama dod nothing to point out the fallacy of the Fed's decision which brings up the fact they led him around by the ring through his nose.
Quite right. An obedient dog doesn't growl at his masters.... Especially when they'd so carefully cultivated his rise from the obscurity of being just another liberal college teacher and a rookie Illinois senator to becoming their 'President of the United States'.... . "There's few things in life so comforting as a good dog...."
Trump is likely not a billionaire and he has never made money in the stock market more than a typical investor.
I know nothing much about the market. But I've held some blue chip stocks more than 30 years and reinvested the dividends. It's close to time to start drawing those dividends as income and with all the dividend increases over that long span, it's substantial. Patience pays off, at least for me, a very small individual investor who looks po' country like he ain't got a dime. Kill meat and cook it, save at the grocery, put the savings in the stock market.
Not that it matters a hell of a lot, really, but Forbes has stated that Donald Trump's wealth is $3.1 billion. Forbes usually knows about these things.... But, we must keep this in perspective! As far as the Federal Reserve is concerned, any president, including one of the billionaire-variety like Trump, is a mere "rabbit turd" (to use their argot). The Fed rules the entire economy with an iron fist, and has done so since August 2007, under Idiot "W" Bush. It continued to do so under Idiot "Messiah" Obama. And, it is still 'ruling the roost' under billionaire Donald Trump. Never underestimate the oppressive, smothering power of a central bank... and the Federal Reserve System is the most powerful one on Earth.
Trump in particular, since it's very unlikely that he actually is a billionaire. His wealth is all in Russians hands and his image is all glitz and brass plated glitter. And he works very hard to keep you from knowing his wealth or who he owes money to. Which is a fight he is going to lose. The Federal Reserve governs our nation's monetary policy, and has done so for most of it's history. That's the role central banks have.
