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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 12-20-2018, 01:00 PM   #76
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The real cause....
Even though the central bank appears to be slowing its tightening pace, most analysts thought Powell came off more hawkish than expected. Many analysts thought the Fed would signal a pause in 2019 or indicate that it would take a “data dependent” approach.

Stock markets tanked on the hawkish tone....

Powell justified continuing on the tightening path – albeit at a slightly slower pace – because he remains wildly optimistic about the US economy. Powell and company are ignoring all the data pointing to trouble.
https://schiffgold.com/key-gold-news...-stock-market/

I do think interest rates have been too low—below market value, but the Fed doing too much too fast isn't good either.
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Old 12-20-2018, 01:01 PM   #77
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[QUOTE=Lex Luthor;13914064]I don't know any such thing. What I do know is that Trump rose to power in exactly the same way Hitler did:
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Old 12-20-2018, 01:02 PM   #78
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QUESTION:

Quote:
Originally Posted by BucEyedPea View Post
....

The ignorant will blame it ALL on Trump, you just wait 'n' see.
He demanded all the credit when things were up, why wouldn't he expect to be blamed? Duh...

FTR, I completely understand Presidential actions and policies are only a part of market behavior...I'm just saying, he can't claim credit, without expecting blame.
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Old 12-20-2018, 01:07 PM   #79
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Quote:
Originally Posted by Mr. Kotter View Post
QUESTION:



He demanded all the credit when things were up, why wouldn't he expect to be blamed? Duh...

FTR, I completely understand Presidential actions and policies are only a part of market behavior...I'm just saying, he can't claim credit, without expecting blame.
About a year ago to the day he asked "How's your 401K?"
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Old 12-20-2018, 01:07 PM   #80
BucEyedPea BucEyedPea is offline
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Quote:
Originally Posted by Mr. Kotter View Post
QUESTION:



He demanded all the credit when things were up, why wouldn't he expect to be blamed? Duh...
Because it wouldn't be addressing the right causes. Duh...

Quote:
FTR, I completely understand Presidential actions and policies are only a part of market behavior...I'm just saying, he can't claim credit, without expecting blame.
Well, I already said that pretty much. It doesn't make it right though—only the taking of too much credit. Because he's not the cause.
He did deserve some credit for improvement though. But you know that either way, his haters would still blame him regardless if he took credit or not.

And you also know that any other politician would have taken just as much credit too. Or their supporters.

Let's look at Clinton. He was only experience about 2% growth in his first two years. Then he took Greenspan to lunch and leaned on him. Greenspan gave-in to him by turning on the pumps for 16 years which not only brought about the dotcom boom, the recession Bush inherited and contributed to 2008. Greenspan got all huffy when only a few pointed the finger at him but everyone enjoyed the ride and said Clinton had a good economy. Even Bushies here said Bush had a good economy. It was ALL a bubble.

No one ever addresses the real cause as a result. It becomes a partisan blame-game over what is essentially a scam system that has come to the end of its road imo.

Last edited by BucEyedPea; 12-20-2018 at 01:13 PM..
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Old 12-20-2018, 01:07 PM   #81
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Quote:
Originally Posted by VAChief View Post
About a year ago to the day he asked "How's your 401K?"
Someone ought to ask HIM that question today, eh?
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Old 12-20-2018, 01:11 PM   #82
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Quote:
Originally Posted by Mr. Kotter View Post
QUESTION:



He demanded all the credit when things were up, why wouldn't he expect to be blamed? Duh...

FTR, I completely understand Presidential actions and policies are only a part of market behavior...I'm just saying, he can't claim credit, without expecting blame.
Fake news!! The market is down because of Hillary's emails, lock her up!!!
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Old 12-20-2018, 01:14 PM   #83
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Quote:
Originally Posted by VAChief View Post
About a year ago to the day he asked "How's your 401K?"
It was all gains on paper via manipulation of interest rates—an idea you likely support.
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Old 12-20-2018, 01:16 PM   #84
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Also rates going up signals that employment has moved in a positive direction..
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Old 12-20-2018, 01:20 PM   #85
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The Plunge Protection Team better get working!

That is sarcasm folks but may be what happens.
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Old 12-20-2018, 01:21 PM   #86
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Stocks take a 650 point dump, going even lower after Trump says he won't commit to keeping the government open

Quote:
The Dow and the Standard & Poor’s 500-stock index are on pace for their worst quarter since 2011 and worst year since 2008.
Trump has been in office for TWO YEARS and one of them is the worst year for the market since the financial crisis

LOL imagine being enough of a dumbshit to vote for this retard in chief
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Republicans will gain 5-10 House seats and 3-7 Senate seats. Democrats are going to pay for this Kavanaugh ridiculousness.
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How likely do you think that the Republicans LOSE seats in the house? If you say "very", I'm going to need to hear your reasoning.
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Can't wait to see what sorry assed excuses they run out when their bleu waev turns out to be less than a squirt of Smurf piss.
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Old 12-20-2018, 01:40 PM   #87
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^^^^Celebrating Americans losing money for politics.


Libs should hurry and cash out their portfolios....I'm buying.
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Old 12-20-2018, 01:44 PM   #88
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^^^^Celebrating Americans losing money for politics.
No more than how you all celebrated Americans being unemployed for politics from 2009-2016.

You voted for him, now you reap the rewards. Worst year for the market since 2008, WOW that is impressive. Great job Trump voters!
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Republicans will gain 5-10 House seats and 3-7 Senate seats. Democrats are going to pay for this Kavanaugh ridiculousness.
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How likely do you think that the Republicans LOSE seats in the house? If you say "very", I'm going to need to hear your reasoning.
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Can't wait to see what sorry assed excuses they run out when their bleu waev turns out to be less than a squirt of Smurf piss.
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Old 12-20-2018, 01:47 PM   #89
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It was all gains on paper via manipulation of interest rates—an idea you likely support.
I would agree on the gains, not sure what you mean by support. The stock market is one measure of an economy, but certainly if we learn anything from history not an infallible measure.

It was funny how people like Camaro Pete laid the depressed market at Obama's feet when it bottomed out that first quarter, but then when it doubled and then passed the previous high mark by over 50% it was suddenly not a measure of success.
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Old 12-20-2018, 01:48 PM   #90
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Any politician that tries to own the stock market is being foolish, and any average worker that thinks the market is the sole measure of economic health is actually contributing to their own butt****ing in a roundabout manner.
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