Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 23 of 119
Quote:In the past few decades the poor or working class decided to send our jobs overseas, so they elected BJ Clinton. TWICE.
Originally posted by 6IXSTRINGJACK:
And yet the working class is still doing much worse than a few decades ago.
I don't see what there is to celebrate, unless you were already rich.
Do Right, Be Right. :)
And then they decided to destroy the economy and put everybody on Government subsistence, so they elected Barack Hussain Obama. TWICE.
So, the working class got exactly what they asked for - what are you whining for?
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:Denying
Originally posted by SIGNYM:Quote:The biggest cheering section for the economy being ON FIRE were Republicans who were busy congratulating themselves and each other on the success of the Bush tax cuts.
Sure. All those people who warned that 2008 would happen, and why - they can't be taken seriously, just because they knew what they were talking about.
You just go back to your Libtard news and don't worry you pretty little head about the Real World. Your Libtard news will look out for your best interests, just like they did in 2008.
Quote:And the pertinent part:
the "libtard" media is just rewriting history. The REAL blower-of-bubbles was the Fed, who kept interest rates unrealistically low even as private/ government/ corporate/ financial debt zoomed up, and the lack of regulations on financial speculation by the banks. (Regulations had been deconstructed by Bill Clinton along with the GOP in 1999.)
Quote:I recently heard the first plausible explanation/analysis of Obamanomics, which also happens to bolster the outlook for the Trump Economy and provide hope for future growth, until the effects of Obamanomics fade.
All Obama and the Fed did was paper over old debt with more debt. That's not going to last forever.
I had known Obamanomics was defying historical economic trends, patterns, but I did not study it enough to determine why or how.
The stomping down until March 2009 was obviously logical, but then a recovery should have occurred. But a Rebound, a Recovery, never really materialized, just sustained and extended Recession.
But it was the Quantitative Easing propping up the economy, whenever Obama wasn't money laundering like Silindra or gifting to the Unions the confiscated Automakers.
The economy remained stagnant, hidden by QE. We knew QE was bad, but because that trick had not been practices before, it was difficult to clearly see behind this curtain.
So the economy declined from 2009 until Trump's Election, and the market essentially stayed the same, just inflated and with different numbers. This represents how much our dollar has been devalued by Obama, nothing more - and the economic Depression still remained, for the longest period in US History. The GDP never really grew.
NOW, we have real economic growth, the first since the Rock-The-Vote Democraps unleashed their first Federal Budget, for FY2008, in October 2007. The Stock Market is now (since Election Day) reflecting this growing economy. So the economy seems to be effectively starting Recovery now, which under non-Obamanomics would have occurred 9 years ago.
Because of the obfuscation from Obamanomics, there is an unclear window regarding how long it will be before the next major correction, or Bear Market. It could be in only a few years, but it could be 7 years of growth in the future. So the Imminent Doom forecasts appear to be more of speculation than solid foundation.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:I am unsure where you are located. Have you checked the job market lately? I am getting recruiter calls at a frenzied pace.
Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by JEWELSTAITEFAN:Quote:In the past few decades the poor or working class decided to send our jobs overseas, so they elected BJ Clinton. TWICE.
Originally posted by 6IXSTRINGJACK:
And yet the working class is still doing much worse than a few decades ago.
I don't see what there is to celebrate, unless you were already rich.
Do Right, Be Right. :)
And then they decided to destroy the economy and put everybody on Government subsistence, so they elected Barack Hussain Obama. TWICE.
So, the working class got exactly what they asked for - what are you whining for?
That's not an actual question. Is it?
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:A rudimentary estimate of when the Dow regained 14,000 is Nov/Dec 2012. For the first time since Oct 2007. That was the gimme portion of a normal cycle, the rebound from the Bear Market, the easiest time frame to make gains.
Originally posted by JEWELSTAITEFAN:
Dow closed today at 26,392. Another all-time high close.
A gain of 6,392 since one year ago when this thread was opened and Jump Off said to get out before you earn too much money. That is 32% APR, fairly hard to beat.
That is another 1,007 point gain in 11 trading days (since 9 Jan).
That is a 1,600 point increase since Tax Reform passed 37 days ago. A gain of 6.45%, or 63.7% APR.
An increase of 3,229 since Trump's Budget passed 98 days ago. A gain of 13.9%, or 52% APR.
An increase of 6,660 since Trump took office 1 year and 5 days ago. A gain of 33.8%, or 33.2% APR.
And an increase of 8,050 since Election Day, 443 days ago. A gain of 44%, or 36.2% APR.
OK, so all of those APRs do actually beat the 32%. So all we gotta do is get more Trump Budgets passed, more Tax Reform passed, more Fiscal Control enacted. I imagine next on the horizon is Debt Ceiling control, instead of all this kicking the can down the road.
Election Day 2016 had Dow at 18,332. So that was a gain of about 4,300 in about 4 years, in all-time high territory. Even with GOP fighting to help the economy, Obamanomics was still able to strangle it that much.
That's about 30.7%, or 7.7% per year average.
Even it's best ramp up period got to about 18,100 by about Feb 2015. About 4,100 in about 26 months. About 29%, or 13.2% per year average.
All of the Market gains since Trump's Election Day have been in Record High territory. That is the true test of Market strength.
It took 1 year and 20 days after Trump's Election Day to surpass 29%. And a few days later surpassed 32%.
Bush43 regained 12,000 about July of 2006. So his economy gained about 2,000 of all-time high territory in about 15 months. About 17%, or 13.2% year average.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Dow closed at 26,616 today.
That is 1,042 point gain in 10 trading days (11 Jan).
That is an increase of 1,824 since Tax Reform passed 38 days ago. A gain of 7.4%, or 70.7% APR.
And an increase of 3,453 since Trump's Budget passed 99 days ago. A gain of 14.9%, or 55%APR.
An increase of 6,884 since Trump took office 1 year and 6 days ago. A gain of 34.9%, or 34.3% APR.
An increase of 8,284 since Election Day, 444 days ago. A gain of 44.2%, or 37.1% APR.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by JEWELSTAITEFAN:Quote:I am unsure where you are located. Have you checked the job market lately? I am getting recruiter calls at a frenzied pace.
Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)
What field are you in? I think a lot of it depends on that. The work I was doing is largely gone now, and not likely to ever come back. I see no reason why any company would pay Americans 10 times as much as they could pay Indians to do remotely after they've been doing so for a decade.
Getting into tech was a horrible idea, even though I was good at it. I had a few teachers in High School that wanted me to get into the trades, but that was viewed as dirty work that was beneath you if you had some brains. (Thanks Public School!). Wish I took their advice, or that I had somebody like Mike Rowe as a mentor back then.
At this point in my life I'll be doing menial jobs from now on unless I can make some money working for myself. I'm never going back to school, so that's off the table.
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:I was originally Electronics Technician, Avionics repair. Drifted into Electronics assembly, Electrical Panels Assembly and installation. Now the phrase is Electro-Mechanical Technician, a vastly lower level of training needed.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:I am unsure where you are located. Have you checked the job market lately? I am getting recruiter calls at a frenzied pace.
Originally posted by 6IXSTRINGJACK:
Meanwhile in Working Class Land...
"Any good jobs yet?"
"Nope."
:)
What field are you in? I think a lot of it depends on that. The work I was doing is largely gone now, and not likely to ever come back. I see no reason why any company would pay Americans 10 times as much as they could pay Indians to do remotely after they've been doing so for a decade.
Getting into tech was a horrible idea, even though I was good at it. I had a few teachers in High School that wanted me to get into the trades, but that was viewed as dirty work that was beneath you if you had some brains. (Thanks Public School!). Wish I took their advice, or that I had somebody like Mike Rowe as a mentor back then.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
I tested well and got 4 certifications in Mechatronics a few years back, and that was even during some of my heaviest drinking. I actually wrote up some study guides for the courses that teachers asked my permission if they could use after the class was over. I screwed up my chances getting any jobs through that because of my drunken idiocy though. Maybe I should dust off those study materials and refresh my brain on all of it and see if I can do something with them. I actually really enjoyed the classes.
Do Right, Be Right. :)
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
U O!!!
http://www.dailymail.co.uk/news/article-5331559/Dow-Jones-sees-second-
day-triple-digit-losses.html
Iz this the beginning uv the fun part uv the roller-coaster ride?
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME