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Today's DOW decline largest ever.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Feb 27, 2020.

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  1. squidward

    squidward Well-Known Member

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    Bullshit.
    It reversed with interest rate cuts
    And recently many hundreds of billions in repo activity and QE.
    The Fed balance sheet agrees
     
    Last edited: Feb 28, 2020
    squidward, Feb 28, 2020
    #51
  2. Quantum Nerd

    Quantum Nerd Well-Known Member

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    The Dow is now at the same level it was in 1/2018. So basically, the gains of the last two years wiped out within one week. Hold on tight... And stay the course...
     
    Quantum Nerd, Feb 28, 2020
    #52
  3. 61falcon

    61falcon Well-Known Member

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    Cities are Democrat because they are the only places where minimum wage workers can possibly afford to live in our country. City dwelling is forced upon them by the wealthy.
     
    61falcon, Feb 28, 2020
    #53
  4. Josh77

    Josh77 Well-Known Member Past Donor

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    Its not very expensive living in the country. I bet my monthly expenses are WAY less than I would be paying in a city.
     
    Josh77, Feb 28, 2020
    #54
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  5. mitchscove

    mitchscove Well-Known Member Donor

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    Purveyors of doom and gloom, praying that millions of Americans die so they can win the White House. You people are disgusting.
     
    mitchscove, Feb 28, 2020
    #55
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  6. Crawdadr

    Crawdadr Well-Known Member

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    For Trump the stock market going down to something that he can blame the Chinese for is a God send. If the economy would have had issues without a clear source he would be in trouble. But in this he can very easily make it out as a "China did this to us!" He loves nothing more then a clearly identifiable enemy.
     
    Crawdadr, Feb 28, 2020
    #56
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  7. BaghdadBob

    BaghdadBob Well-Known Member

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    icon_lmao.gif
     
    BaghdadBob, Feb 28, 2020
    #57
  8. mitchscove

    mitchscove Well-Known Member Donor

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    Cities are Democrat because they attract outliers who had to leave mommy and daddy's basement but still were incapable of fending for themselves. The Democrat leaders then manage to create housing shortages by chasing developers away. Democrat policies create the homelessness they blame on entrepreneurs.
     
    mitchscove, Feb 28, 2020
    #58
    jay runner and Thought Criminal like this.
  9. Dayton3

    Dayton3 Well-Known Member

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    Big deal. If the market is declining you can still make a lot of money selling short.
     
    Dayton3, Feb 28, 2020
    #59
  10. JakeStarkey

    JakeStarkey Well-Known Member

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    Nonsense.
     
    JakeStarkey, Feb 28, 2020
    #60
  11. 61falcon

    61falcon Well-Known Member

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    The top 10% of our wealthiest citizens own 84% of all stocks traded on our stock market, so it stands to reason that they are selling at least 84% of the shares being sold or very close to it.
     
    61falcon, Feb 28, 2020
    #61
  12. jay runner

    jay runner Banned

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    Gawr-onn-teeeee. Once you have country skills and your tools to maintain your place you are set.
     
    jay runner, Feb 28, 2020
    #62
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  13. jay runner

    jay runner Banned

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    I like it. Especially at a time like this.
     
    jay runner, Feb 28, 2020
    #63
  14. mitchscove

    mitchscove Well-Known Member Donor

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    I made a fortune on KHC --- bought Kraft b4 the merger. That's what happens when you buy low and sell high. Democrats usually buy high and sell low so they can blame their bad fortune on the rich.
     
    mitchscove, Feb 28, 2020
    #64
  15. Lee S

    Lee S Moderator Staff Member Past Donor

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    When Trump took office, the Dow Jones Average was 19,827.
    https://www.quora.com/What-was-the-Dow-when-President-Obama-left-office

    Today it is 24,909.

    https://www.google.com/search?q=dow...7j69i59j0l6.4654j0j4&sourceid=chrome&ie=UTF-8

    Even after taking a 1,300 point plunge, the market is up 25.6% during Trumps tenure in office which is a massive increase in prosperity.

    But that really doesn't tell the whole story, in October of 2016, the month before Trump's election the Dow was at 18,126. This means that between Trump's election and inauguration, the market rose1,701 points which adds some perspective into the 1,300 point drop due to the Corona virus. If the OP is going to call the 1,300 point plunge historical and massive, then if one had a sense of perspective and proportion, the Trump gains in the Dow are supermassive and epochal. Okay, lets not get carried away.

    When the stockmarket was at 7,000 points, a 1,300 point drop would be an absolute catastrophe. When the Dow is at 24,000, it is little more than a hiccup.
     
    Lee S, Feb 28, 2020
    #65
  16. Aquarius

    Aquarius Well-Known Member

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    Let’s be real. Jews in the fed were pumping up Trumps economy because he kissed their kosher asses.
    Now that a non Goyim is challenging the whitehouse though the Jews who run wall street, the federal reserve etc are tanking the economy to help sanders win
     
    Aquarius, Feb 28, 2020
    #66
  17. 61falcon

    61falcon Well-Known Member

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    mitchscove.The point I was trying to make is that a great number of companies on the current stock market, which ONLY HAS ABOUT HALF the number of companies listed during the 1990's,are losing money.They have been jacking up their share price by BORROWING MONEY sand buying back their own shares to jack up the price, WITH DEBT!!!!!
     
    61falcon, Feb 28, 2020
    #67
  18. Jestsayin

    Jestsayin Well-Known Member Past Donor

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    Good thing you are not retired.
     
    Jestsayin, Feb 28, 2020
    #68
  19. StarFox

    StarFox Banned

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    Demcrats are just giddy over the news.
     
    StarFox, Feb 28, 2020
    #69
  20. 61falcon

    61falcon Well-Known Member

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    It was ILLEGAL for companies to buy back their own stock until the Reagan administration for the very reason we are seeing today.Unprofitable companies faking profits and borrowing to inflate share prices.
     
    61falcon, Feb 28, 2020
    #70
  21. roorooroo

    roorooroo Well-Known Member Past Donor

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    I'm with you. Let me know when you are gonna jump in please!
     
    roorooroo, Feb 28, 2020
    #71
  22. TheGreatSatan

    TheGreatSatan Banned

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    The pDemocrat party is the party of the poor. They are invested in keeping the poor poor, making more people poor, and importing more poor people.

    When America does well, the Democrat party doesn't do well.
     
    TheGreatSatan, Feb 28, 2020
    #72
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  23. 61falcon

    61falcon Well-Known Member

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    Because they work for the wealthy who hate to part with a dime unless it being spent on themselves.
     
    61falcon, Feb 28, 2020
    #73
  24. tharock220

    tharock220 Well-Known Member

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    I laughed at this a little too hard considering the OP once lamented a lack of free dating websites. But yeah, I definitely ain't buying right now. A wise investor once told me a low price is only a good deal if it can't go any lower.
     
    Last edited: Feb 28, 2020
    tharock220, Feb 28, 2020
    #74
  25. vman12

    vman12 Well-Known Member Past Donor

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    Leftists gleefully cheering economic damage because it's tangentially related to the POTUS, and anything that harms him soothes their feelings.

    We need another flood.
     
    vman12, Feb 28, 2020
    #75
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