Moderators: richierich, ua900, PanAm_DC10, hOMSaR
WarRI1 wrote:https://www.aol.com/article/finance/2018/10/24/stocks-fall-dow-sheds-more-than-600-points/23570702/
Yes, that tax cut for the wealthy is certainly working well. Of course we have the mystical promise of another for us, the Peasants.
WarRI1 wrote:https://www.aol.com/article/finance/2018/10/24/stocks-fall-dow-sheds-more-than-600-points/23570702/
Yes, that tax cut for the wealthy is certainly working well. Of course we have the mystical promise of another for us, the Peasants.
jetero wrote:Comments like this are why this site needs a like button. And am I the only one (really my wife) who spends a ton of money on stuff at Costco on stuff that is nice to have, but I don't really feel we need?Um, pretty sure the only way to be wealthy is to shop at Costco. The stock market is for suckers.
“We strongly reiterate our view that this sell-off is ending, not starting,” he said. “[H]ence, we are buying this dip.”
Lee’s not alone with this sentiment.
“We think the market is currently oversold on fears of trade, the euro, rising rates and uncertainty over midterm elections,” Argus Research’s John Eade said to Yahoo Finance. “How oversold? The VIX (^VIX) has more than doubled in the past month. This has happened multiple times during the bull market — each time, it has been a buying signal.”
“There are a lot of negative factors that are likely to be resolved and a lot of positive factors that are likely to kick in,” Commonwealth Financial Network’s Brad McMillan said.
Eade and McMillon see the S&P closing at 3,000 by year end. Lee sees the index hitting 3,025.
DL717 wrote:WarRI1 wrote:https://www.aol.com/article/finance/2018/10/24/stocks-fall-dow-sheds-more-than-600-points/23570702/
Yes, that tax cut for the wealthy is certainly working well. Of course we have the mystical promise of another for us, the Peasants.
About time. The markets been hotter than a whore on nickel day. She needs to cool down a bit.
trpmb6 wrote:Its the middle of Q3 earnings releases
BestWestern wrote:It must feel wonderful to be ‘winning’ so much.
MassAppeal wrote:Hopefully the whole economy collapses so we can laugh at Trump for being such an idiot.
jetero wrote:Um, pretty sure the only way to be wealthy is to shop at Costco. The stock market is for suckers.
MassAppeal wrote:Hopefully the whole economy collapses so we can laugh at Trump for being such an idiot.
stratosphere wrote:MassAppeal wrote:Hopefully the whole economy collapses so we can laugh at Trump for being such an idiot.
Only an idiot would wish everyone pain by the economy collapsing just because they hate Trump so bad. Talk about cut your own nose off to spite your face.
stratosphere wrote:MassAppeal wrote:Hopefully the whole economy collapses so we can laugh at Trump for being such an idiot.
Only an idiot would wish everyone pain by the economy collapsing just because they hate Trump so bad. Talk about cut your own nose off to spite your face.
akiss20 wrote:stratosphere wrote:MassAppeal wrote:Hopefully the whole economy collapses so we can laugh at Trump for being such an idiot.
Only an idiot would wish everyone pain by the economy collapsing just because they hate Trump so bad. Talk about cut your own nose off to spite your face.
I agree it's idiotic to wish ill on others for personal gain.
https://www.cnn.com/2016/05/19/politics ... index.html
dmg626 wrote:Dow closed today at 25,270, opened Jan 1st at 24,809. So the market is up again, can u believe it? The market actually fluctuates like that. Still some good deals out there, the world hasn’t ended yet
trpmb6 wrote:
I'm as conservative as it comes but a 461 point gain isn't much to brag about in today's market. But economy is looking good right now despite some poor earning results this quarter, mostly in the tech sector I'd add.
DocLightning wrote:trpmb6 wrote:
I'm as conservative as it comes but a 461 point gain isn't much to brag about in today's market. But economy is looking good right now despite some poor earning results this quarter, mostly in the tech sector I'd add.
The economy is still running, but current indicators is that trade deficit is growing and that the rate of growth may start to slide. I'm not rooting for America to fail, but I am well-positioned for a market slump, so I am kind of hoping for that for selfish reasons.
Buy low and all.
trpmb6 wrote:I do love me some bargain price stocks. I'm young enough to weather many cycles so it (the market in general) doesn't really matter to me that much anyways. What matters more to me is that state of the aviation industry since that's where I, well, make my living. Things look great right now. But aviation has always seemed to be somewhat offset from the other normal economic cycles, or so I'm told.
AA747123 wrote:Ups and down in the market will happen. What is important is the economy is the strongest its ever been in the history of our country. Remember when Trump came in to rescue from the economy from Obamas disaster, the stock market was the lowest in its history.
WarRI1 wrote:https://www.thebalance.com/unemployment-rate-by-year-3305506
Try reading this chart about the strongest economy by unemployment rate. 1966-69 look pretty good.
dmg626 wrote:WarRI1 wrote:https://www.thebalance.com/unemployment-rate-by-year-3305506
Try reading this chart about the strongest economy by unemployment rate. 1966-69 look pretty good.
OMG, market closed back above 26,000 again, so the sky’s not falling?
WarRI1 wrote:https://www.thebalance.com/unemployment-rate-by-year-3305506
Try reading this chart about the strongest economy by unemployment rate. 1966-69 look pretty good.
GalaxyFlyer wrote:WarRI1 wrote:https://www.thebalance.com/unemployment-rate-by-year-3305506
Try reading this chart about the strongest economy by unemployment rate. 1966-69 look pretty good.
Fine, which were better years to live in—‘66-‘69 or 2015-2018? Would you trade your life today for then?
GF
WarRI1 wrote:GalaxyFlyer wrote:WarRI1 wrote:https://www.thebalance.com/unemployment-rate-by-year-3305506
Try reading this chart about the strongest economy by unemployment rate. 1966-69 look pretty good.
Fine, which were better years to live in—‘66-‘69 or 2015-2018? Would you trade your life today for then?
GF
Of course I would, I was young, earning a great living, stayed at that job until retirement, married, both my children were born in that period, all my Siblings were alive, and many friends. It was a great time, except for Vietnam. That was the tragedy of our time.
MassAppeal wrote:WarRI1 wrote:GalaxyFlyer wrote:
Fine, which were better years to live in—‘66-‘69 or 2015-2018? Would you trade your life today for then?
GF
Of course I would, I was young, earning a great living, stayed at that job until retirement, married, both my children were born in that period, all my Siblings were alive, and many friends. It was a great time, except for Vietnam. That was the tragedy of our time.
How very white of you.
WarRI1 wrote:602 points down today, and the Republicans are trying to blame the Democrats. What a freaking pathetic attempt to always blame someone other than them.
WarRI1 wrote:einsteinboricua wrote:WarRI1 wrote:602 points down today, and the Republicans are trying to blame the Democrats. What a freaking pathetic attempt to always blame someone other than them.
All the credit, none of the blame...the opposite of what they did during the Obama years where they gave him all the blame and none of the credit.
https://www.usatoday.com/story/money/20 ... 064956002/
Another fine day for the stock market. My O My, that tax break sure seems to have have made the wealthy wealthier, but not doing well for the rest of us. Is this fake news? The Orange Man is strangely silent about this problem. Let us hear the cheers from you Conservatives and how much money you have made this year.
GalaxyFlyer wrote:Why is the market gonna give two about Trump’s income taxes?
BTW, the tax changes INCREASED your standard deduction, LOWERED marginal rates, if you’re retired, it’s hard to imagine who your taxes in 2018 went up. My IRAs are up enough, I have $100,000 more in there AND created a donor-advised fund that’s paid out $5,000 and is richer than its founding value. I’m not rich, either.
GF
trpmb6 wrote:I'll never understand people who complain about the economy under a president, and then a moment later hope it completely tanks just so they can win some political points. re: bill maher for instance.
It's the, everyone has to suffer so I can get the people I want in power, people that annoy me.
MassAppeal wrote:WarRI1 wrote:GalaxyFlyer wrote:
Fine, which were better years to live in—‘66-‘69 or 2015-2018? Would you trade your life today for then?
GF
Of course I would, I was young, earning a great living, stayed at that job until retirement, married, both my children were born in that period, all my Siblings were alive, and many friends. It was a great time, except for Vietnam. That was the tragedy of our time.
How very white of you.
Jouhou wrote:MassAppeal wrote:WarRI1 wrote:
Of course I would, I was young, earning a great living, stayed at that job until retirement, married, both my children were born in that period, all my Siblings were alive, and many friends. It was a great time, except for Vietnam. That was the tragedy of our time.
How very white of you.
His screen name implies he is from New england, so yes, good chance he's white. Did you know the state of Maine has more black bears than black people? We tend to be pretty pale up here, what's your point? Unless you're talking about civil rights progress, but we are talking about the economy here.