Rightguide
Prof Triggernometry
- Joined
- Feb 7, 2017
- Posts
- 61,917
Dow Jones Industrial Average
As of August 2, 2024 • 8:41 AM PDT
DJI: .DJI
39,443.07USD
-904.9(2.24%)
As of August 2, 2024 • 8:41 AM PDT
DJI: .DJI
39,443.07USD
-904.9(2.24%)
DOW Down 900 Points
- Thread starter Rightguide
- Start date
ll74
Your Best Friend
- Joined
- Aug 22, 2013
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- 50,401
And? Same thing happened in 2019 as well.
https://breakingthenews.net/Article/dow-plummets-900-pts-nasdaq-down-over-4-/48998567
https://breakingthenews.net/Article/dow-plummets-900-pts-nasdaq-down-over-4-/48998567
ll74
Your Best Friend
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Rightguide
Prof Triggernometry
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Different circumstances.
ll74
Your Best Friend
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You don't say.?
Rightguide
Prof Triggernometry
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Your "phone" is fucking up again.
What was its peak under trump?
ll74
Your Best Friend
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- Aug 22, 2013
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Working as expected.
Please, tell us all how Harris or Biden is responsible this time around. I'm sure it's another expert take.
RobDownSouth
Oh Look....
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- Apr 13, 2002
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- 75,178
Rightguide celebrating bad stock market news?
How is this possible?
Oh....there's a democrat in the White House.
How is this possible?
Oh....there's a democrat in the White House.
DeluxAuto
AntiSocial Extrovert
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- Dec 16, 2010
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- 15,939
Are you ever going to lean how our economy and stock market works or just continue to embarrass yourself?
RobDownSouth
Oh Look....
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I've been predicting a stock market correction since April. The entire rise in the stock market this year has been overexuberant expectations regard Artificial Intelligence. Wall Street investors have had unnaturally long patience with the promises of AI, resulting in a "stock market bubble". The market rise has been led by four companies:
- NVidia
- Microsoft Cloud Services
- Amazon Web Services
- Oracle Cloud Services
AI needs hellish amounts of computing power, and only computer chipmaker Nvidia can supply the necessary hardware. Intel apparently gave up on AI yesterday, with a sudden workforce cutback of 15% of professional staff.
The other aspect of AI is that it requires a level of computer cloud storage space, which the "big 3" above can supply in quantities needed.
Goldman Sachs was the first venture firm to draw attention to the fact that the AI emperor has no clothes in a memo to investors last week. This appears to have been the leak in the dam long expected.
Almost a trillion dollars invested in this "next big thing", and AI still creates images of Donald Trump praying on his knees in church with six fingers on each hand. (That's called a "hallucination" by the way). "Hallucinations" are the bane of the AI industry, a machine learning program is only as good as the data that it has been fed.
Evidently, some AI algorithms prioritize quantity over quality. Some are restricted from reading/absorbing copyrighted works (like commercial magazine articles) and this resulted in a huge embarrassment for Google's AI at a public tryout in May when it was asked "Who won the presidential election in 2020?" and it confidently answered "Donald Trump", because the number of crackpot blogsphere posts fed into it claiming "Trump actually WON!" exceeded the number of legitimate news sources presenting the actual electoral college results.
"Alternative facts" carry the same weight as "scientific facts" right now insofar as AI is concerned.
Latest scary AI development: YouTube has begun work on an AI engine developed entirely from transcripts of every YouTube video ever created. Prediction: This will not end well.
RobDownSouth
Oh Look....
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- Apr 13, 2002
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- 75,178
Remember when AJ confidently declared that the Stock Market was actually a "trailing indicator' of market performance so when the black president was elected back in 2008, he benefitted from a stock market that was the result of Dubya's spectacular management of the economy.
RoryN
You're screwed.
- Joined
- Apr 8, 2003
- Posts
- 57,456
*nostalgic sigh* 
Why have Republicans stopped bragging about the stock market?
https://forum.literotica.com/thread...pped-bragging-about-the-stock-market.1470002/
Why have Republicans stopped bragging about the stock market?
https://forum.literotica.com/thread...pped-bragging-about-the-stock-market.1470002/
beckiefalwell
Literotica Guru
- Joined
- Aug 26, 2020
- Posts
- 608
Wow! Dow down 2.2% today. Only up 30% since Biden became President. And, Trump's worth in DJT has lost $900 MILLION since Kamala entered the race.
https://www.cnn.com/2024/08/01/investing/trump-net-worth-harris-truth-social/index.html
https://www.cnn.com/2024/08/01/investing/trump-net-worth-harris-truth-social/index.html
beckiefalwell
Literotica Guru
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- Aug 26, 2020
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- 608
And remember, MAGAs, keep spending your kids college money (Give me a sec, I have to stop laughing--college.) on DJT shares. If you bought in the last three months you lost about 40% of your money. God, college, still can't stop laughing.
MajorRewrite
Iffy
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- Mar 14, 2014
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- 4,188
Why pretend the daily fluctuations of the stock markets have some great meaning?
Rightguide
Prof Triggernometry
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beckiefalwell
Literotica Guru
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I'm blaming Biden for only making me 36% this year.
RobDownSouth
Oh Look....
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Long time political posters may recall back when Rightguide was posting as Vetteman and the stock market took a one day nosedive on May 28th when the Black president was in the White House.
He spluttered "remember May 28th!" for the next two months, long after the market had recovered and grown higher.
Good times.
ll74
Your Best Friend
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No I wouldn't.If Trump were in office both of your hypocrites would be blaming him.
DeluxAuto
AntiSocial Extrovert
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- Dec 16, 2010
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ESL gotta ESL.If Trump were in office both of your hypocrites would be blaming him.
Fucking illegals are ruining this Country!
DeluxAuto
AntiSocial Extrovert
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- Dec 16, 2010
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A little before my time here but given his track record on all things economics, it checks out.
schism666
cold and ugly
- Joined
- Feb 9, 2009
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- 10,779
you can spend a month here being entertained by these economic innumerates.
aj, ish, vetteman (dba rightguide) et.al really exposed their collective dumbfuckery.
What happened to all of the doom and gloom economic threads?
RobDownSouth
Oh Look....
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The President does not control the stock market. In addition, the President also does not control the Federal Reserve interest rate or the actions of the government in Gaza.If Trump were in office both of your hypocrites would be blaming him.
MAGA know-nothings have accused President Joe Biden of controlling all three of the above.
