DOW Down 900 Points

[IrezumiKiss]

The only thing you've proven is your complete and total misunderstanding of the political reality in the United States. Your problem is being hopelessly trapped within the progressive reverberation chamber, It's there that you find solace and solidarity, but at the cost of a broader, more nuanced understanding of the world outside. You live in a space where the voices of reason and alternative viewpoints are but a distant murmur, barely penetrating that fortress of certitude that separates you from reality.

https://pbs.twimg.com/media/Fb7vK-6WYAAD6Hk.jpg

 

[beckiefalwell]

The Bankruptcy Jesus's DJT is down 45% in the last three months. That's the price for thinking Trump will let you be racist pigs.

By the way, what are your views on the NIKKEI?

 

[beckiefalwell]

View attachment 2373056

It’s up 50% over the last four years.

It was never this high under any other administration.

Compared to Right-Guide's nickel a post gig...

 

[MajorRewrite]

https://www.dw.com/en/japans-nikkei-sees-biggest-tumble-since-1987-crash/a-69857520
Oops..... first Japan then Germany then America .....

Japanese stocks soar after massive sell-off shook global markets

Poor MAGAs. They were hoping for worldwide economic collapse.

 

[AlexBailey]

The only thing you've proven is your complete and total misunderstanding of the political reality in the United States. Your problem is being hopelessly trapped within the progressive reverberation chamber, It's there that you find solace and solidarity, but at the cost of a broader, more nuanced understanding of the world outside. You live in a space where the voices of reason and alternative viewpoints are but a distant murmur, barely penetrating that fortress of certitude that separates you from reality.

Dude, you’re such a feckless anti-American imbecile that you can’t understand the facts you read.

Many of your hair-on-fire posts are spun propaganda, easily proven by the source data imbedded in the vary articles you cite.

You’re either wildly dishonest or a complete moron - and the proof is often in your own posts.

 

[Rightguide]

Dude, you’re such a feckless anti-American imbecile that you can’t understand the facts you read.

Many of your hair-on-fire posts are spun propaganda, easily proven by the source data imbedded in the vary articles you cite.

You’re either wildly dishonest or a complete moron - and the proof is often in your own posts.

Go soil yourself somewhere else.

 

[schism666]

Go soil yourself somewhere else.

like your face, poppa poop?

 

[RobDownSouth]

Go soil yourself somewhere else.

There's that scat fetish making it's every-other-day appearance.

 

[AlexBailey]

Go soil yourself somewhere else.

Provide real proof for your positions and I won’t call you a propagandist.

Sorry buddy.

 

[beckiefalwell]

I'm looking forward to you losers sending your money to all of the crooked Evangelists Trump will be streaming on Truth Social.

Dow up about 2.8% today. Uh oh, Truth Social down again.

 

[dmallord]

Unemployment up to 4.3%. Market down 767 as we speak. Crypto has taken a hit. Intel laying off 15,000 employees. Biden just said he cured the economy. Charley Gasparino is predicting a "Black Swan" recession amid the coming election period. Maybe this is why Harris has refused to have a press conference. Already some in the media are calling it the Kamala crash.

Weird take here.

You've pointed out a brief dip in the market and unemployment amidst years of increase under Biden policies and jump to a recession declaration. Then infer 'some' are accusing Harris of the crash. How? By simple association, she caused it all?

Histronics.

 

[Rightguide]

There's that scat fetish making it's every-other-day appearance.

The preeminent monument to scat here on Lit is your post count.

 

[RobDownSouth]

The preeminent monument to scat here on Lit is your post count.

I'm sure that sounded funny inside your head. The typed out comment, not so much.

 

[AlexBailey]

The only thing you've proven is your complete and total misunderstanding of the political reality in the United States.

I’m no economists or political scientist but I have a pretty good understanding of how American propaganda works.

You’re a classic shill. You root against America doing well when the political climate doesn’t favor you and you root for it when it does. By ‘rooting’ in your case I mean that you spin the news and data no matter how good or bad reality is to support your perspective.

Are you paid for this? What is your integrity worth? I don’t think you’re stupid enough to blindly believe some of the garbage news sources that you cite so that means that you’re simply a shill.

As far as the markets go, it’s a well understood thing that investor confidence is a major factor in how stocks perform, but here you go being part of the doom and gloom echo chamber even when things aren’t so bad. You’re anti-American in your opinions and actions.

Saying the democrats are responsible for the Dow is not the bad thing you’re trying to make it out to be.

Even with the recent fluctuations we’re significantly up over the last six months and so far looking pretty good today.





The only real loser here is you.

 

[Rightguide]

I'm sure that sounded funny inside your head. The typed out comment, not so much.

I was in a hurry. I'm quite sure in your mind your posting history is like a grand tapestry, a manuscript of brilliance unfurled over time for the benefit of mankind, a symbol of enduring truth and human endeavor, but the last 7 years or so it has been more like a testament to fabrication, prevarication, and myth.

 

[ll74]

What's weird is that dystopia hasn't yet taken hold on the world with the recent global collapse

I could've sworn that was next

 

[schism666]

I was in a hurry. I'm quite sure in your mind your posting history is like a grand tapestry, a manuscript of brilliance unfurled over time for the benefit of mankind, a symbol of enduring truth and human endeavor, but the last 7 years or so it has been more like a testament to fabrication, prevarication, and myth.

shut your benighted jackwagon hole, vetteman.

 

[RobDownSouth]

What's weird is that dystopia hasn't yet taken hold on the world with the recent global collapse

I could've sworn that was next

It's been fascinating watching the Japanese stock market soar after their recent prime rate hike.

American investor purchased then-cheap Japanese yen to buy American tech stocks on margin. Since the recent little trough in the American stock market showed tech stocks dipped far less than most stocks (with two notable exceptions: Intel, which seems to no longer know what kind of manufacturer they are, and to a much lesser degree Amazon, which "only" had 19 Billion-with-a-B profit last quarter when their "whisper number" was 20 billion). The Japanese yen is suddenly a short term super-safe currency to speculate in.

For the next 60-90 days, the Japanese yen will basically track American tech stocks as hedge funds struggle to repay Japanese loans, and the big boys know this so they are buying the hell out of Japanese yen (squeezing profits out of hedge fund miscalculations). Currency swings which used to take a month or so are now swinging every 2-3 days.

Smart people can make big profits in Japanese currency and stock in the very short term. The party ends at the end of the fiscal quarter, but there is some serious money to be made (or lost). A game of "market chicken" has begun.

 

[Rightguide]

https://www.theepochtimes.com/_next/image?url=https%3A%2F%2Fimg.theepochtimes.com%2Fassets%2Fuploads%2F2024%2F08%2F02%2Fid5698910-JAT_2024.08.02_1-1200x852.png&w=1200&q=75

"Does this imply recession? You might know my view that we never really left recession after March 2020, but that’s not what the people who are in charge of declaring one say. But as of today, we can confidently say that we are in what is known as a Sahm recession.

Named for economist Claudia Sahm, the rule is that when the three-month moving average of the unemployment rate rises by 0.50 percentage points or more relative to its low during the previous 12 months, it’s a sign that the economy is entering a recession. In that case, we have just passed this point. It’s not a perfect predictor, but it is an ominous sign of trouble on the horizon.

There were other revelations in the latest report. We depend on E.J. Antoni to run these numbers, and this time, he has come up with some striking data.

First, he wrote that “the employment level is actually flat over the last year, despite the continued rise in the number of nonfarm payrolls; we’re now about 7.3 million below the pre-pandemic trend, and getting worse each month.”

https://www.theepochtimes.com/opini...oReport&src_src=partner&src_cmp=BonginoReport

 

[MajorRewrite]

https://www.theepochtimes.com/_next/image?url=https%3A%2F%2Fimg.theepochtimes.com%2Fassets%2Fuploads%2F2024%2F08%2F02%2Fid5698910-JAT_2024.08.02_1-1200x852.png&w=1200&q=75

"Does this imply recession? You might know my view that we never really left recession after March 2020, but that’s not what the people who are in charge of declaring one say. But as of today, we can confidently say that we are in what is known as a Sahm recession.

Named for economist Claudia Sahm, the rule is that when the three-month moving average of the unemployment rate rises by 0.50 percentage points or more relative to its low during the previous 12 months, it’s a sign that the economy is entering a recession. In that case, we have just passed this point. It’s not a perfect predictor, but it is an ominous sign of trouble on the horizon.

There were other revelations in the latest report. We depend on E.J. Antoni to run these numbers, and this time, he has come up with some striking data.

First, he wrote that “the employment level is actually flat over the last year, despite the continued rise in the number of nonfarm payrolls; we’re now about 7.3 million below the pre-pandemic trend, and getting worse each month.”

https://www.theepochtimes.com/opini...oReport&src_src=partner&src_cmp=BonginoReport

The unemployment rate is still low compared to what has been normal over the last 50 years.

https://fred.stlouisfed.org/series/UNRATE

Employment is higher now than pre-pandemic, and continues to grow.

https://fred.stlouisfed.org/series/PAYEMS

 

[Rightguide]

The unemployment rate is still low compared to what has been normal over the last 50 years.

https://fred.stlouisfed.org/series/UNRATE

Employment is higher now than pre-pandemic, and continues to grow.

https://fred.stlouisfed.org/series/PAYEMS

But high than what is was under Trump pre-Covid.

 

[SmokingFap]

The stock market will eventually crash, and then continue crashing, until there's no market left. That last crash could be decades ahead or sooner. I will stock up on popcorn.

Our sun will eventually run out of hydrogen to convert into helium with the transformation resulting in the light and heat that enables life on Earth. That's not expected to happen for millions of years, but it could happen tomorrow. I'm gonna have chocolate chip cookies instead of popcorn.

 

[SmokingFap]

But high than what is was under Trump pre-Covid.

You need to stop putting tequila on your bran flakes.

 

[RobDownSouth]

Now she seems to be scared shitless to hold a press conference. Maybe she's going to use the basement strategy that served Joe so well with the clueless.

She's been a bit busy running for president in front of crowds of 10,000+ of late.
Meanwhile, low-energy Orange Jesus has been playing golf.

https://twitter.com/x/status/1820531787585802348

 

[dmallord]

Our sun will eventually run out of hydrogen to convert into helium with the transformation resulting in the light and heat that enables life on Earth. That's not expected to happen for millions of years, but it could happen tomorrow. I'm gonna have chocolate chip cookies instead of popcorn.

Reminds me... I need to stock up on toilet paper. The last time we had that kind of dire prediction I was down to nearly searching for dried leaves to use.