Real World Event Discussions

Dow @ 20K. Time to jump off!

POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 2 of 119

JEWELSTAITEFAN

Wednesday, March 22, 2017 6:16 AM

Quote:
Originally posted by JO753:
Quote:
Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

I missed in fact, but not prinsipal.

How hi do you think it will go? Wut event are you keeping an eye out for that will presipitate a big drop?

Going by historical predictive triggers, a drop of 15% from of the all-time high signals the onset of bear.
So, from the current ATH of 21,169, if it gets down (closes) to 18,840 before going higher than 21,169 then it should rebound up about 7-13%, and then go down.
Check April or May 2001 (from high in 2000) and then end of Jan 2008 (from Oct 2007 high) to confirm.

JEWELSTAITEFAN

Thursday, May 18, 2017 7:28 AM

A few minutes ago I heard a news story that the DOW closed at the lowest point since October 2016.

But it's only down to 20,600ish.

WTF??

6STRINGJOKER

Thursday, May 18, 2017 8:26 AM

What exactly does the DOW even mean anyways? When I was earning a good living and made a killing in the market the DOW was only around 14,000 back before Obama was in office. 20,000 is bad now...? lol Sounds like some people are making a ton of money while everyone else just keeps doing worse.

Queue Second to come in here and pull a link blaming Trump for that.

JEWELSTAITEFAN

Friday, May 19, 2017 6:05 AM

Quote:
Originally posted by 6stringJoker:
What exactly does the DOW even mean anyways? When I was earning a good living and made a killing in the market the DOW was only around 14,000 back before Obama was in office. 20,000 is bad now...? lol Sounds like some people are making a ton of money while everyone else just keeps doing worse.

Queue Second to come in here and pull a link blaming Trump for that.

IIRC, it it dsomething like this:
The Dow Jones Industrial Average is a group of 30 leading companies, in diversified sectors (so not 10 of them like Apple, Dell, IBM, Cisco, Micro$haft, Acer and others all in one industry). When one company is removed from the DJIA, it is clearly announced. GM used to be one forever, but I think they were removed after their bailout.
Anyhow, the DOW was around 877 points around 1986, following the end of the disastrous Carter Economy. The DOW had never been above 2,000 at that point, IIRC. It had been theorized that DOW 4,000 was an impossibility. 4,000 was surpassed around 1994. In 2000, DOW got to almost 12,000 and came back down to 10,000 by August 2001. After 9/11 it dropped to about 7,300ish. By October 2007 it was up to about 14,000 as the Rock-The-Vote Democrat FY2008 Budget took effect. It dropped to about 5,400 around 9 March 2009. it could have rested in November 2008, but Obama kept campaigning about how he was going to destroy the economy, even after the election.

If you have difficulty comprehending the Stock market, try thinking of it as a popularity contest for companies. Except votes are actually dollars. Some companies are funded merely by the irrational belief of their investors. The investors who have placed the most dollars in the market have the most influence in the prices. The stocks (company shares) with the most demand go up in price, those with less popularity lose value.

JAYNEZTOWN

Friday, May 19, 2017 6:14 AM

organized chaos, political crap isn't helping

JEWELSTAITEFAN

Friday, June 30, 2017 5:09 AM

Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

RIVERLOVE

Friday, June 30, 2017 8:17 PM

Quote:
Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

THGRRI

Friday, June 30, 2017 9:48 PM

Quote:
Originally posted by Riverlove:
Quote:
Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

6STRINGJOKER

Saturday, July 1, 2017 1:51 AM

Quote:
Originally posted by THGRRI:
You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

Obama's success? I guess that's one way to look at it.

We already established a few months ago that under 8 years of Obama that corporate profits went up nearly 60% after inflation while the average American take home pay decreased about 40%.

I guess with Obama's success you didn't feel that drop in pay as much if you had a lot in a diversified portfolio.

A majority of us don't look at the DOW as a good benchmark to test a presidents success... at least not alone.

The fact the DOW is still going up and nothing else is really changing is a cause of concern to me.

JEWELSTAITEFAN

Saturday, July 1, 2017 3:54 AM

Quote:
Originally posted by THGRRI:
Quote:
Originally posted by Riverlove:
Quote:
Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

Obama's "success" - for koolaid drinkers.

On Oct 12, 2007 - just before the Rock The Vote Democraps who took majority of the House had their disastrous first budget take full effect (FY2008) - Dow closed 14,093. Bush had been in office for 6 years.
On Nov 4, 2008 - Election Day - Dow closed at 9,625. A drop of 32% in 13 months that the Rock The Vote Democraps can take credit for.
On Nov 5, 2008 - Black Wednesday, when the results were learned (American voters chose the path of further economic disaster) - Dow closed at 9,139. A drop of 5% in one day which Bobo can take credit for.
By Jan 19, 2009 the impending doom had driven the Dow to 8,279 at close - a drop of another 9.5% since Nov 5 (76 days). Bobo can take credit for this.
On Jan 20, 2009 the Dow dropped another 4% in this single day. A drop of 17.5% since the day of the election. Bobo can take credit for this also.
On Mar 9, 2009 the Dow closed at 6,547. A drop of 21% in Bobo's first 48 days in office. Yep, Obama can take credit for this also. Total of 32% loss since Election Day, matching the loss of a whole year of Democraps in charge (with only Bush43 to reign them in). And a loss of 53% in only 1 year, 4 months since Democraps took control of the Fed Budget.

On November 2, 2010 - Election Day - the Dow closed at 11,188. It had crept up 1,563 points since Obama was elected. Or 16% in 2 years. This is the rate of growth that Bobo could take credit for. Still 2,905 less than before Democraps had taken control of the Federal Budget.
On 27 Jan, 2011 - when the new Congress had taken their seats, discharging the Democrap majorities - Dow closed at 11,989. A gain of 801 points in only 3 months since the election, and only a few weeks in office - despite Bobo still occupying the White House. Can't see Bobo taking credit for the GOP's gains - oops, that's right, Bobo did take credit where not due.

By Jan 20, 2017 - with 6 years of GOP control of Congress, the Dow had gained 76%, despite Bobo still occupying the White House.
By Jun 19, 2017 the Dow achieved 21,535. A gain of 1,803 point and over 9% in only the first 5 months of Trump taking office.