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Old 12-18-2018, 03:25 PM  
Lex Luthor Lex Luthor is offline
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Stock market on pace for worst December since Great Depression

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The stock market is on pace for its worst December since the Great Depression

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 closed Monday down 7.6 percent and 7.8 percent this month, respectively.

December is typically a very positive month for markets. The Dow has only fallen during 25 Decembers going back to 1931.

The S&P 500 averages a 1.6 percent gain for December, making it typically the best month for the market, according to the Stock Trader’s Almanac.

While the S&P 500 began dissemination in 1950, the performance data was backtested through 1928. It’s worth noting that historically, the second half of December tends to see gains.
https://www.cnbc.com/2018/12/17/wors...r&par=sharebar



"The worst December since the Great Depression". "Market down over 1,000 points since the GOP tax plan was passed".

Wow. Are the Trump supporters getting tired of all this winning yet?

To be fair, you can't really blame the plunging Dow on the tax cut. Although it can be argued that adding $2 Trillion to the debt can't be good for the stock market, most analysts agree that it's more likely that Trump's idiotic trade war is the cause.

The recent performance of the Dow does show us two things:
  1. Trump is an idiot. Trade wars are NOT good, and they are NOT easy to win.
  2. The tax cut is not the magic cure-all that the GOP believes it to be. All it did was add $2 Trillion to the debt.

I'm just glad I pulled my 401-K funds OUT of the stock market when I did. I'm not putting them back in until after Trump leaves office. Of course, the way things are looking, that will probably be Q2 of 2019.
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Old 12-18-2018, 05:41 PM   #16
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Originally Posted by Lex Luthor View Post
  1. How do feed yourself?
  2. How do you dress yourself?
Are you denying what is printed on this chart?



Care to respond to this?
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Originally Posted by Marcellus View Post
So if the economy is so ****ed why is the Fed mulling another interest rate hike?
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Old 12-18-2018, 05:45 PM   #17
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Thats what happens when the Democrats take control of the House.
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Old 12-18-2018, 11:13 PM   #18
Lex Luthor Lex Luthor is offline
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Originally Posted by Marcellus View Post
Are you denying what is printed on this chart?



Care to respond to this?
Are you serious? Why would I deny what is printed on the chart? I posted the chart! The note about the GOP's reckless and irresponsible tax cut is my note! The note that draws attention to the fact that the Dow is down 1,000 points since that idiotic tax cut is my note!

You are hilarious. You continue to do face plants in this thread, and you clearly don't understand what the chart says. It shows that market is down over 1,000 points in the last year. It fluctuated widely during the year and set new record highs in 2018. But then Trump decided to start a trade war with China and several other countries, and now the market is in free fall.

If Trump weren't such a ****ing idiot, the Dow wouldn't be down 1,000 points for the year, and he could keep bragging about it. But he IS a ****ing idiot.

And so are you.
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Old 12-18-2018, 11:15 PM   #19
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Quote:
Originally Posted by Lex Luthor View Post
Are you serious? Why would I deny what is printed on the chart? I posted the chart! The note about the GOP's reckless and irresponsible tax cut is my note! The note that draws attention to the fact that the Dow is down 1,000 points since that idiotic tax cut is my note!

You are hilarious. You continue to do face plants in this thread, and you clearly don't understand what the chart says. It shows that market is down over 1,000 points in the last year. It fluctuated widely during the year and set new record highs in 2018. But then Trump decided to start a trade war with China and several other countries, and now the market is in free fall.

If Trump weren't such a ****ing idiot, the Dow wouldn't be down 1,000 points for the year, and he could keep bragging about it. But he IS a ****ing idiot.

And so are you.

7 rate hikes by the fed......
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Old 12-18-2018, 11:26 PM   #20
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Originally Posted by BleedingRed View Post
7 rate hikes by the fed......
The market isn't tanking because of the Fed doing its job. The market is tanking because of the global instability, uncertainty and fear that is caused by having a moron in the White House who thinks "trade wars are good and easy to win".



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Old 12-19-2018, 12:08 AM   #21
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So it’s finally the Trump economy now?
I said it was Trumps as soon as they passed the tax cut. That opinion hasn't changed. I thought we'd actually get a good couple years out of that obortion of a tax plan before it crashed but Trump is basically a kid who can't help but stick his fork into a socket.
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Old 12-19-2018, 12:25 AM   #22
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7 rate hikes by the fed......
Like any liberal will know what this means
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Old 12-19-2018, 05:43 AM   #23
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Quote:
Originally Posted by Lex Luthor View Post
Are you serious? Why would I deny what is printed on the chart? I posted the chart! The note about the GOP's reckless and irresponsible tax cut is my note! The note that draws attention to the fact that the Dow is down 1,000 points since that idiotic tax cut is my note!

.
Ah so now you are blaming it on the tax cuts. Dude you are OBVIOUSLY bi-polar, may want to get some help.

And you still haven't answered the question on the Fed mulling another rate hike. And yes that has very much to do with the market instability.
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Old 12-19-2018, 06:23 AM   #24
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Old 12-19-2018, 08:12 AM   #25
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I realize you guys prefer to delude yourselves into thinking (1) the economy was shit before Trump took over, (2) the economy is finally great now and Trump is the reason, and (3) the fact that the Dow is down over 1,000 points over the last year has NOTHING to do with Trump. Your delusions will continue, and you'll desperately trot out every excuse you can think of to blame it on ANYTHING other than the fact that Trump is both a clever con man when it comes to getting elected and a ****ing moron when it comes to setting government policy.

That's your mentality. I get that. Your blind loyalty to Donald J. Trump is evident, and nothing will ever, ever, ever change your minds, especially not some pesky facts about the stock market being on pace for its worst December since the Great Depression.

Your support for Trump isn't fact-based. You know it, I know it, everybody knows it. But that's not going to stop me from pointing out basic facts to you every now and then. You'll just have to deal with it. If you can't, you should put me on ignore.

Even Trump knows it:

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Old 12-19-2018, 08:14 AM   #26
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Originally Posted by Marcellus View Post
Ah so now you are blaming it on the tax cuts. Dude you are OBVIOUSLY bi-polar, may want to get some help.

And you still haven't answered the question on the Fed mulling another rate hike. And yes that has very much to do with the market instability.
It's a shame you can't read. This has already been addressed multiple times in this thread.
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Old 12-19-2018, 08:18 AM   #27
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Originally Posted by scho63 View Post
How did Lex Loser beat Oaklandjobhater to create this thread?
Dunno. Prob about the same time he humiliated himself by calling Avenatri a “superstar”
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Old 12-19-2018, 08:19 AM   #28
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Thats what happens when the Democrats take control of the House.
yep, their balls to the wall strategy of obstruction at all cost and wrecking shit is really paying off for them
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Old 12-19-2018, 08:23 AM   #29
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Quote:
Originally Posted by Lex Luthor View Post
I realize you guys prefer to delude yourselves into thinking (1) the economy was shit before Trump took over, (2) the economy is finally great now and Trump is the reason, and (3) the fact that the Dow is down over 1,000 points over the last year has NOTHING to do with Trump. Your delusions will continue, and you'll desperately trot out every excuse you can think of to blame it on ANYTHING other than the fact that Trump is both a clever con man when it comes to getting elected and a ****ing moron when it comes to setting government policy.

That's your mentality. I get that. Your blind loyalty to Donald J. Trump is evident, and nothing will ever, ever, ever change your minds, especially not some pesky facts about the stock market being on pace for its worst December since the Great Depression.

Your support for Trump isn't fact-based. You know it, I know it, everybody knows it. But that's not going to stop me from pointing out basic facts to you every now and then. You'll just have to deal with it. If you can't, you should put me on ignore.

Even Trump knows it:

Obama has ONE rate hike in 8 years

Trump has had SEVEN rate hikes in two years....

You have to look at multiple factors to determine if a economy is good or bad. Considering Obama had only ONE rate hike and the economy only got over 3% for 1-3 quarters during his presidency is pathetic.

If Trump has less rate hikes the economy would look amazing when it comes to the DOW. The fact the FED is hiking rates is another indication of a strong economy .


No one can factually argue Trumps economy isn’t amazing.

Employment UP
Wages UP
Manufacturing jobs UP
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Old 12-19-2018, 08:26 AM   #30
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The market has been hovering around 23-25k all year, once a deal is made with China and Trumps Tax returns are felt this year watch 1st Qaurter (if china deal gets done) hit 3%+
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