Why have Republicans stopped bragging about the stock market?

[someoneyouknow]

The stock market, every single index, is negative for the year, and yet people are happy.

Dow Jones closing 1/2/18 - 24, 824
Dow Jones closing 12/27/18 - 23,138

Down 6.8%

S&P 500 closing 1/2/18 - 2,695
S&P 500 closing 12/27/18 - 2,488

Down 7.7%

NASDAQ closing 1/2/18 - 7,006
NASDAQ closing 12/27/18 - 6,579

Down 6.1%

This doesn't include how far down every index is from its high.

One other thing, the largest single one day drop in stock market history was in February. The Dow plunged 1,175 points. In other words, the largest one-day rise was still smaller than the largest one-day plunge.

 

[Hal9000_]

Well, look at the 5 year chart.

 

[gotsnowgotslush]

"Dead Cat Bounce"

 

[Shagly]

Brings back memories of the dotcom bubble burst then the subprime mortgage burst.

When will there be a major bank burst like 1929?

 

[Que]

"Dead Cat Bounce"

When stocks achieved this level the first time it was a continuation of the Obama "green energy economy," but when it rebounds to this level on Trump's watch it's just the dead cat bounce? Hell of a bounce.

Was this cat's top made out of rubber and the bottom made out of springs?

 

[Hal9000_]

It's cute how you "presidentians" equate economy with such.

All hail the Queef!

 

[toeskr]

Thank you Barry for this 800+ day.

All praise to you when things are good.

All be damned when things are not.

 

[Carnal_Flower]

Stock market posts first annual loss in a decade.

Can't help but think R policies are now sinking in after 2 years. You dump a shitload of cheap crap into the system for a fake "boom," which doesn't last, it becomes wildly unstable, and now threatening recession.

8 years of steady, stable growth vs. this crap.

 

[RobDownSouth]

"Dead Cat Bounce"

Actually, it's a "Bear Trap".

market veterans warn that massive, one-day rallies are often more characteristic of downturns, occurring as selloffs lead to significantly oversold technical conditions that leave markets ripe for short covering only to give way to renewed selling once the frenzy of forced buying is exhausted. Investors who short a stock are essentially betting that its price will fall by first borrowing the shares, but those traders can be forced to buy shares back if prices suddenly swing higher, which, in turn, can amplify price swings.

Short positions gotta be covered, y'know.

 

[someoneyouknow]

Stock market posts first annual loss in a decade.

Can't help but think R policies are now sinking in after 2 years. You dump a shitload of cheap crap into the system for a fake "boom," which doesn't last, it becomes wildly unstable, and now threatening recession.

8 years of steady, stable growth vs. this crap.

This is how trickle down economics works. You get a sugar high for a year or two, then a crash when the high wears off. This is confirmed every time the fallacy of trickle down has been tried. Look at the charts on these two pages (the second chart on the first link):

http://www.faireconomy.org/trumped_up_trickle_down_economics

https://leftcall.com/3567/the-trickle-down-economics-lie-in-one-chart/

Both show the same thing (as they are representing the same thing, just different time frames). Whenever top rates have been cut for trickle down economics, the GDP falls.

Conversely, if one looks at the 90s when the top tax rate either held steady or was slightly increased, GDP increased.

One can also use Kansas as the most recent example of the failure of trickle down economics. The state went from a $400 million budge surplus to a $1 billion deficit in under four years when the Republican governor was vowed and determined to show trickle down economics works. It worked so well the state was taken to court because it wasn't funding its schools, and road repairs were put off because there was no money. Businesses left Kansas because of the fiasco.

But hey, what do I know? It's not like the guy who thought up trickle down economics calls it a joke:

http://www.rationalrevolution.net/war/trickle_down.htm

There is no realistic way for "Trickle-Down" economics to work to increase the income of the working classes of America. In fact I am certain that the developers of the theory of "Trickle-Down" economics were fully aware of this and that "Trickle-Down" has in fact worked as intended. This means that the intent behind implementing "Trickle-Down" was to benefit the wealthiest Americans at the expense of working class Americans. "Trickle-Down" hasn't failed, as many modern economists have suggested, it has succeeded in its goals, which is the increase of economic inequality and the shift of a greater portion of America's wealth into the hands of the wealthiest Americans.​

 

[Busybody18]

despite the screeching of Rory etc

the DOW is down ONLY 5% for the YR

NASD about 3%


GASP

THE

HORROR

 

[adrina]

So you're proud that 45 has a stock market that has only lost one twentieth of its value?

Low bar. But then the soft bigotry of low expectations seems to be a predominant theme for this administration.

 

[someoneyouknow]

despite the screeching of Rory etc

the DOW is down ONLY 5% for the YR

NASD about 3%


GASP

THE

HORROR

As usual, lying through your teeth. From Marketwatch:

Dow down 5.6% for the year

S&P 500 down 6.2% for the year

NASDAQ down 3.9% for the year

For the month, 8.7%, 9.2%, and 9.5%, respectively.

 

[Busybody18]

As usual, lying through your teeth. From Marketwatch:

Dow down 5.6% for the year

S&P 500 down 6.2% for the year

NASDAQ down 3.9% for the year

For the month, 8.7%, 9.2%, and 9.5%, respectively.

so I wrote 5 n 3


Call Booby MuleLiar

 

[Dribble]

11 other counties decided the US isn't a reliable trading partner and went on to sign a new trade agreement last week. Add these forward thinking countries to the EU, and the US is no longer even a minor player. Take that farmers...right up the ass...you fucked yourselves.

 

[Busybody18]

11 other counties decided the US isn't a reliable trading partner and went on to sign a new trade agreement last week. Add these forward thinking countries to the EU, and the US is no longer even a minor player. Take that farmers...right up the ass...you fucked yourselves.

Fake news

Never happened

 

[Busybody18]

As usual, lying through your teeth. From Marketwatch:

Dow down 5.6% for the year

S&P 500 down 6.2% for the year

NASDAQ down 3.9% for the year

For the month, 8.7%, 9.2%, and 9.5%, respectively.

it was ONLY down cayse of YOU NIGGERS

 

[RoryN]

2018 was the worst for stocks in 10 years
By Chris Isidore, CNN Business

Updated 4:28 PM ET, Mon December 31, 2018

2018 was a record-setting year for stocks, but it's one investors would rather forget.

The Dow fell 5.6%. The S&P 500 was down 6.2% and the Nasdaq fell 4%. It was the worst year for stocks since 2008 and only the second year the Dow and S&P 500 fell in the past decade. (The S&P 500 and Dow were down slightly in 2015, but the Nasdaq was higher that year.)

https://www.cnn.com/2018/12/31/investing/dow-stock-market-today/index.html

 

[RoryN]

Before drop, Trump boasted about the stock market once every 35 hours

That’s a big change for a president who, throughout his time in office, has cited a rising stock market as proof that his administration’s economic policies are working. He closed 2017 bragging on Twitter that “If the Dems (Crooked Hillary) got elected, your stocks would be down 50% from values on Election Day. Now they have a great future - and just beginning!”

https://www.politico.com/story/2018/02/06/trump-stock-market-boasts-395193

 

[Busybody18]

2018 was the worst for stocks in 10 years
By Chris Isidore, CNN Business

Updated 4:28 PM ET, Mon December 31, 2018

2018 was a record-setting year for stocks, but it's one investors would rather forget.

The Dow fell 5.6%. The S&P 500 was down 6.2% and the Nasdaq fell 4%. It was the worst year for stocks since 2008 and only the second year the Dow and S&P 500 fell in the past decade. (The S&P 500 and Dow were down slightly in 2015, but the Nasdaq was higher that year.)

https://www.cnn.com/2018/12/31/investing/dow-stock-market-today/index.html

I blame NIGGERS

Drop started in Oct when it became obvious NIGGERS would win THE HOUSE

 

[Dribble]

Fake news

Never happened

Sure...keep telling that to your base as their markets are taken over by the Aussies and Canada

 

[Dribble]

We are coming for all the traitors that sold themselves to Putin.

 

[Busybody18]

Sure...keep telling that to your base as their markets are taken over by the Aussies and Canada

Fake NEWS

 

[RobDownSouth]

11 other counties decided the US isn't a reliable trading partner and went on to sign a new trade agreement last week. Add these forward thinking countries to the EU, and the US is no longer even a minor player. Take that farmers...right up the ass...you fucked yourselves.

China continues to drop tactical nukes on the US agricultural community in retaliation for Trump's bull-in-a-China-shop approach to foreign policy.

40% of all soybeans grown in America were exported to China last year. Last month, for the first time since Chinese-American relations were normalized post-Mao, not a single soybean was imported in China (a trickle in December).

The latest casualty is the US cherry sector. The growing Chinese middle class LOVES cherries, they're a sign of affluence in China. Virtually every cherry grown west of the Mississippi river is exported to China. China hasn't imposed a tariff, but they've put lengthy "inspection delays" on all shipments from the US. The rate of spoilage from these bureaucratic delays is killing profit of cherry farmers.

Trade wars are easy though. Trump said so.

 

[Busybody18]

China continues to drop tactical nukes on the US agricultural community in retaliation for Trump's bull-in-a-China-shop approach to foreign policy.

40% of all soybeans grown in America were exported to China last year. Last month, for the first time since Chinese-American relations were normalized post-Mao, not a single soybean was imported in China (a trickle in December).

The latest casualty is the US cherry sector. The growing Chinese middle class LOVES cherries, they're a sign of affluence in China. Virtually every cherry grown west of the Mississippi river is exported to China. China hasn't imposed a tariff, but they've put lengthy "inspection delays" on all shipments from the US. The rate of spoilage from these bureaucratic delays is killing profit of cherry farmers.

Trade wars are easy though. Trump said so.

fake news

first time in History

The Yellowz are BUYING RICE from StrongHorse' America