Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 27 of 119
MoLoKo! MoLoKo! (greek swear word)
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Heard reports that the Job Data Report was released on Friday, indicating excessive inflation, causing a Market pullback.
A good time to increase Minimum Wage, to push inflation higher.
If this is true, then this all needs to be blamed on Trump. Creating all those dang jobs every month. How inconsiderate of him.
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For those curious, Dow closed at 24,345. This is 2,271 off the all-time record high. That is 8.5% away from the all-time high.
Dow has not closed that low since December 12, which was 55 calendar days ago. In the entire history of the Stock Market and Dow Jones Industrial Average it never closed higher than this before 12 December, 2017.
This one day drop of 4.6% is about half of each of the 3 separate drops when the impending doom of Obama occupying the White House was becoming apparent in Fall 2008.
The 20th greatest loss in one day is listed as 6.98% in October 2008. So Monday's correction likely has no chance of getting within the top 40 losses of the Dow.
Although Obamanomics set off Exchange Circuit Breakers constantly with Market losses, this might be the first one under Trump. Looks like a Stage One Trading Curb may have been engaged when a 7% drop was detected.
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It wuz 1,172 points, the biggest drop in history. Quit being stinjy and give Trump hiz trofy!
But maybe wait a wile and see if he can beat it.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:
Originally posted by JO753:
It wuz 1,172 points, the biggest drop in history. Quit being stinjy and give Trump hiz trofy!
But maybe wait a wile and see if he can beat it.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
Well, to be fair, that's like claiming any blockbuster movie that comes out today is the largest grossing movie when we all know it's bullshit and ticket prices were cheaper back in the day. But nobody deals in the actual factual numbers anymore.
What I mean to say is that although it's the largest point total lost in a single day, it's not the largest percentage total. Stuff like this is easily confused when inflation is part of the equation, especially when bubbles occur.
That being said, this obviously comes as no surprise to me.
My prediction is that the scared ones that jump ship now are going to lose a lot when it goes temporarily back up, then they'll buy high again and get hit double time when it crashes back down.
... and the Rich get Richer....
Do Right, Be Right. :)
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Quote:
Originally posted by JEWELSTAITEFAN:
Heard reports that the Job Data Report was released on Friday, indicating excessive inflation, causing a Market pullback.
A good time to increase Minimum Wage, to push inflation higher.
If this is true, then this all needs to be blamed on Trump. Creating all those dang jobs every month. How inconsiderate of him.
What jobs?
Do Right, Be Right. :)
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Correction - it went down 1,175 points. It had dropped more than 1,500 but roze back up before the clozing bell.
Similar to that roller coaster video!
Therez a misconseption about points vs persentaj.
The stocks that the Dow number iz based on hav actually increased in value over the yearz, so you cant just say 'persentaj' and attribute it to inflation. The actual real assets are BIGGER than they were in 2008, 1987 or other historical points uv interest.
Yes, alot uv the market iz pure speculation, but there iz a reality buried sumwhere under it all that iz the rezult uv productiv work creating fizikl products, corporate infrastructurez that serve customerz getting bigger and better, new tek being developed. Actual useful value.
Like my brother sed sum yirz ago wen there wuz fear that the dollar woud crash due to the trade defisit with China - "China got the dollarz, but now I got all this stuff".
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:Are you not reading what was posted?
Originally posted by 6IXSTRINGJACK:Quote:What jobs?
Originally posted by JEWELSTAITEFAN:
Heard reports that the Job Data Report was released on Friday, indicating excessive inflation, causing a Market pullback.
A good time to increase Minimum Wage, to push inflation higher.
If this is true, then this all needs to be blamed on Trump. Creating all those dang jobs every month. How inconsiderate of him.
The jobs in the Job Report, which cause the excessive inflation, and the fallback in the Market.
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Quote:Those jobs, but maybe those jobs aren't where you are in Indiana:
Originally posted by 6IXSTRINGJACK:
What jobs?
Do Right, Be Right. :)
https://fred.stlouisfed.org/graph/?g=i747
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:Ass always, G panicking in his delusions.
Originally posted by captaincrunch:
Market crashing - grab your go bag.
Um, yeah. What's your pucker factor this am JSF?
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