S&P reached a record high in January

[Big Red 40]

On 2/3/2018 at 1:07 PM, Guy Chamberlin said:

I have never been comfortable gauging economic success solely on the stock market, and most economists aren't either. 

 

While the flow of capital into entrepreneurial enterprise is great, that's not what it's about anymore. Instead of long-term investment it's short term gambling, where the institutional investors can get away with stuff the private dabblers and 401K crowd can't. 

 

The stock market loves layoffs, downsizing, out-sourcing, offshore accounts, and robots. It paints a very different picture than the jobs-loving stump speeches like to paint. 

 

When there's a correction, it will be the predictable result of Wall Street coddling under both Obama and Trump. Investors really did get excited about the likelihood of further deregulation and tax cuts under Trump, but the speculation that creates a 26,000 Dow isn't backed by actual money. or mathematics. If you took the true meaning of Conservatism to heart, it wouldn't abide much of anything going on. 

i have a decent amount in my 401k / investments too, and i enjoy seeing the value go up, though not as much as i though they would with the stock market "Booming".

To me though, i feel like Millionaires/Billionaires control the market based on many factors that suit, or don't suit them,  Everyone else is just along for the ride.  I have a tough time getting too excited either way . 

Edited February 5, 2018 by Big Red 40

[deedsker]

http://abcnews.go.com/Business/dow-plunges-1100-largest-single-day-point-drop/story?id=52854673

 

DOW & SP 500 now below closing last year.

NASDAQ still about a percent above close last year.

 

I guess January was fun while it lasted.

[BigRedBuster]

Interesting read. 

 

https://www.cnbc.com/2018/02/05/trumps-biggest-victory--tax-cuts--could-lead-to-the-demise-of-his-beloved-bull-market.html

[BigRedBuster]

 

[TGHusker]

Let me paraphrase Hannity in the article linked below: -The  stock market plunge is Obama's fault due to cheap money.  However the economy is great - because of Trump.  The fall of the

stock market is a sign on how strong the economy is.

 

So how can it be Obama's fault if the market decline is a sign of economic strength?    The crazy, twisted reasoning that these Trump defenders

have to use is beyond unbelievable.

https://www.yahoo.com/news/yup-sean-hannity-found-way-043952694.html

[commando]

5 minutes ago, TGHusker said:

Let me paraphrase Hannity in the article linked below: -The  stock market plunge is Obama's fault due to cheap money.  However the economy is great - because of Trump.  The fall of the

stock market is a sign on how strong the economy is.

 

So how can it be Obama's fault if the market decline is a sign of economic strength?    The crazy, twisted reasoning that these Trump defenders

have to use is beyond unbelievable.

https://www.yahoo.com/news/yup-sean-hannity-found-way-043952694.html

hannity wins the gold medal in mental gymnastics with that 1.   

[ZRod]

40 minutes ago, TGHusker said:

Let me paraphrase Hannity in the article linked below: -The  stock market plunge is Obama's fault due to cheap money.  However the economy is great - because of Trump.  The fall of the

stock market is a sign on how strong the economy is.

 

So how can it be Obama's fault if the market decline is a sign of economic strength?    The crazy, twisted reasoning that these Trump defenders

have to use is beyond unbelievable.

https://www.yahoo.com/news/yup-sean-hannity-found-way-043952694.html

Isn't a market plunge by definition a sign of volatility, and necessarily a sign of weakness?

[TGHusker]

1 hour ago, ZRod said:

Isn't a market plunge by definition a sign of volatility, and necessarily a sign of weakness?

Well the argument that is being made is that 'wages went up too quickly' which increases inflationary pressure which the stock market doesn't like because corporations are use to making widgets or providing services at X price with X margin or the corporations can raise prices to maintain the same margin - which could cause a decrease in sales since consumers are use to the X price.   Of course Hannity would say this was all triggered by the 'good' tax cut that raised wages which caused the bad decline in the market which is evidence of the good economy which sees bad inflation as a good thing when it comes to economy strength but a  bad thing when it comes to stocks.  Whew - did you follow the bouncing ball!!  I think this is where the phrase 'Dog chasing its tail" originated from. 

[BigRedBuster]

 

[Moiraine]

Let me know when Trump accuses Clinton of telling everyone to sell on Monday to make him look bad.

[RedDenver]

 

[Danny Bateman]

9 minutes ago, RedDenver said:

 

 

Honestly, if people are told Republicans are good for the economy, many of them will never question it.

Edited February 6, 2018 by dudeguyy

[commando]

another 1,000 point drop today.  thanks donnie!!!

[TGHusker]

[Kiyoat Husker]

On 2/6/2018 at 2:02 PM, Moiraine said:

Let me know when Trump accuses Clinton of telling everyone to sell on Monday to make him look bad.

 

Well, not Trump blaming Clinton, but how about Hannity blaming Obama?

 

https://www.mediamatters.org/research/2018/02/05/hannity-has-been-blaming-obama-downturns-stock-market-decade/219280

 

https://www.mediamatters.org/embed/clips/2018/02/05/58133/prn-hannity-20180205-money

 

Thanks, Obama...

Edited February 8, 2018 by Kiyoat Husker