Real World Event Discussions
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 30 of 119
Friday, February 9, 2018 2:12 AM
Quote:Dow closed today at 23,860. A drop of 4.15% for the day. About half of what the impending doom of Obama generated 4 times in Fall 2008.
Originally posted by JEWELSTAITEFAN:Quote:Is the sky falling? Is it time to panic? Has our resident Chicken Little posted a timely ode?
Originally posted by JO753:
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow
_Jones_Industrial_Average
Interesting chart! Green on the good side, red on the drop side.
OK, the machine iz running now and - O GOD! WUT THE HELL HAPPENED LAST WEEK?! Its like 1000 points down!
Ships sinking! Rats diving overboard into the flaming crude oil! Stampeding terror! Volcanoz spewing magma and noxious cloudz!
Poor interpretation of the table of Largest Percentage Changes at that wiki linky. Of the 20 greatest losses, 1987's Black Monday tops the list with over 22%. The only entries in the past 16 years are in the Fall of 2008, after McCain's campaign started sabotaging Sarah Palin, and folks started to see he was trying desperately to snatch defeat from the jaws of victory - and what the resulting disaster would be in Obama. 2 of them in October, 1 in December, each about 1/3 the change of Black Monday. Although the Market had dropped >5,000 points for more than a year (since the Rock-The-Vote Democrap's first Budget - for FY08 - took effect), MSM Libtards continued to clamor that everybody should keep losing their money by staying in the Market. Another big loss was in September 2001. Couple more from Clinton. None since Obamination squashed the Market down on March 2009.
Of the 20 greatest gains, 3 are after 1940. 1 is from 1987, a quick recovery following Black Monday. The other 2 are from October 2008, each following the 2 greatest loss days, when Sarah Palin would speak and provide Americans with our last days of hope. There was no top-20 gain day following the December 2008 great drop.
Not a single great gain day since Obama's Election Day. And now after Obama devaluating the dollar to half, these tables might never again change.
Those tables show a completely different and factual picture than what Jump Off is dreaming of in his delusional post.
Looks like Dow closed at 25,520 on Friday. That is 1,096 less than the all-time High, or 4.1% off the record. That means 95.9% of the record high. Is the sky falling? Is it time to panic?
Apparently it has not closed lower than 25,520 since 10 January, 23 days ago. That was 16 trading days ago. The sky must certainly be falling. Perhaps it is time to panic.
In the entire history of the Stock Market and Dow Jones Industrial Average, it never, ever closed above 25,520 prior to 11 January, 2018. Obviously, the sky is falling. Libtards from East Coast to Left Coast must immediately rush to panic. Sell us your shares at these discount prices.
A one-day drop of 665, or 2.5% of the prior day close. Compared to the 8% drops when the Market realized Obama would occupy the White House, this is less than 1/3 of each of those 3 days in October 2008.
I do have a minor regret. Instead of buying in on Tuesday, I could have bought in on Friday, getting another easy 2% discount on the price.
Some would term this "a gift horse buying opportunity" but I have no spare funds to buy with. IIRC, most "gift horse" opportunities have a 10% discount, rather than merely 4%. Dow would need to pull back to 23,940 for that to be the case.
So it is now in "gift horse" buying opportunity territory. A total of 10% off the all-time Record High.
Even if the Dow drops to 22,623, the rebound is almost certain to close above today's closing prices. Practically a guaranteed gain.
Dow hasn't closed this low since 29 November. A whopping 71 days ago. In the entire history of the Stock Market and Dow Jones Industrial Average there was never ever a close higher than this prior to 30 November 2017.
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Friday, February 9, 2018 2:27 AM
Quote:What's wrong? You can't make a simple decision?
Originally posted by JEWELSTAITEFAN:
If I tell you that we'll take the entirety of your life savings and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?
Each one is just 10, do it's not like there's a difference!
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Friday, February 9, 2018 3:47 AM
Quote:
Originally posted by captaincrunch:
Lorem ipsum dolor sit amet, consectetur adipiscing elit...
Wel SeD, KaPTIN! & YOR LaTIN IZ IMPeKUBL.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Friday, February 9, 2018 4:04 AM
Quote:
Originally posted by JEWELSTAITEFAN:
If I tell you that we'll take the entirety of your life savings and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?
Youv posted that obvious nonsens 5 or 6 timez alredy. A sine uv fear.
Your 2 lengthy posts are actually attempts to reliev your fear. The lojik iz flawed and you put forth a stratejy thats entirely dependent on attributing The Herd with good lojik and nolej they do not hav.
I dont no why you keep shoehorning insults agenst "libtards" into discussionz about the stock market. Libertarianz may be naive starry eyed idealists, but they are the same az everybody els wen it kumz to gambling with their spare money.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Friday, February 9, 2018 4:07 AM
Quote:You are so clueless that you don't know the difference between Liberals and Libertarians?
Originally posted by JO753:Quote:Youv posted that obvious nonsens 5 or 6 timez alredy. A sine uv fear.
Originally posted by JEWELSTAITEFAN:
If I tell you that we'll take the entirety of your life savings and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?
Your 2 lengthy posts are actually attempts to reliev your fear. The lojik iz flawed and you put forth a stratejy thats entirely dependent on attributing The Herd with good lojik and nolej they do not hav.
I dont no why you keep shoehorning insults agenst "libtards" into discussionz about the stock market. Libertarianz may be naive starry eyed idealists, but they are the same az everybody els wen it kumz to gambling with their spare money.
Good grief!
Kindly return to a thread where you can comprehend the concepts being discussed, which is clearly not this one.
OTOH, if somebody has a question, or can point out a logic failure, or wants better explanation or clarification, post up.
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Friday, February 9, 2018 4:50 PM
Quote:To the contrary, the past has thousands of different days when the market hit a new historical high.
Originally posted by JEWELSTAITEFAN:
Dow closes 22,118 today.
That is up 2,386 since taking office. 6 1/2 months ago.
That is a gain of over 12% so far, and over 22% per annum so far.
For those not so clued on the math concept, that is more than the 8% per year Obama did in his first 2 years - without GOP control of Congress.
And that is more than the 12% per year for Bobo's 6 years with GOP control of Congress, despite Bobo having the absolutely easiest period for economic recuperation. Now Trump is adding on top of already historic highs, a much more difficult feat.
There is a chart at "Even the Stock Market Likes Obama Better Than Trump"
KEVIN DRUM, FEB. 8, 2018 6:41 PM
Drum writes, "I have no good reason to post this chart. I’m just taunting Donald Trump, I guess."
www.motherjones.com/kevin-drum/2018/02/even-the-stock-market-likes-oba
ma-better-than-trump/
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Friday, February 9, 2018 5:13 PM
Quote:Please clarify: "Savaged global stocks head for worst week since 2011" Why is this not Trump's fault?
Originally posted by JEWELSTAITEFAN:
Kindly return to a thread where you can comprehend the concepts being discussed, which is clearly not this one.
OTOH, if somebody has a question, or can point out a logic failure, or wants better explanation or clarification, post up.
www.reuters.com/article/us-global-markets/savaged-global-stocks-head-f
or-worst-week-since-2011-idUSKBN1FT01T
A 4 percent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis.
China’s overnight plunge had gouged at confidence again after the second 1,000 point loss of the week for the U.S. Dow Jones Industrial had sent it into official correction territory.
Capital flow figures also showed a record $30 billion had already been yanked out of stocks during the rout, though even after that, Bank of America’s closely followed “Bull & Bear” indicator was still flashing red and warning investors to sell.
“After the moves earlier this week market investor sentiment is fragile and because of this we aren’t expecting the markets to immediately start moving higher once again,” said J.P. Morgan Asset Management Global Market Strategist Kerry Craig.
The U.S. government staggered into another shutdown after lawmakers failed to meet a funding deal deadline, but it did play into many of the overarching market concerns that have taken hold this month.
The yield on benchmark 10-year U.S. Treasuries, which tends to be the driver of global borrowing costs, was hovering at 2.86 percent just short of Monday’s four-year high of 2.885 percent.
Higher bond yields are seen hurting equities as they increase loan costs for companies and ultimately consumers. They also present an alternative to investors who may reallocate some funds to bonds from equities.
For MSCI’s broadest index of world shares, the 47-country ACWI the slump was 6.2 percent, which as long as it is still more than 6.1 percent when U.S. markets close later will be the biggest loss since September 2011.
Much more at www.reuters.com/article/us-global-markets/savaged-global-stocks-head-f
or-worst-week-since-2011-idUSKBN1FT01T
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Friday, February 9, 2018 5:31 PM
Quote:
Originally posted by second:
To contrary, the past has thousands of different days when the market hit a new historical high.
There is a chart at "Even the Stock Market Likes Obama Better Than Trump"
KEVIN DRUM, FEB. 8, 2018 6:41 PM
Drum writes, "I have no good reason to post this chart. I’m just taunting Donald Trump, I guess."
Apparently "taunting Trump" is all this post is good for. It gives nothing but two squiggly lines, dumbed down to a meaningless "100" with no context surrounding it, such as the fact that the market had already been on an overall upward trajectory for 8 years after the terrible crash of 2008 that Obama was able to benefit from once it leveled out. On top of that, it's the only time the S&P 500 has come into this thread's conversation about the DOW, as far as I know.
S&P 500 by year: http://www.multpl.com/s-p-500-historical-prices/table/by-year
Jan 1, 2009 865.58
Jan 1, 2010 1,123.58 +23%
Jan 1, 2017 2,275.12
Jan 1, 2018 2,683.73 +16%
Nobody ever talks about the S&P 500. Makes me wonder why the MSM isn't making it a household name right now since they could rub Trumps face in these stats everyday.
Here's the DOW figures for the same years: http://www.1stock1.com/1stock1_139.htm
Jan 1, 2009: 8776.39
Jan 1, 2010: 10428.05 +18.82% (After a -33.84% year in 2008)
Jan 1, 2017: 19762.60
Jan 1, 2018: 24719.22 +25.08% (After a +13.42% year in 2016 and 7 of the previous 8 years with gains as much as 26.50%, and only a single year of losses at -2.23%.)
Which also makes me wonder why aren't the MSM dismissing claims of Trumps record gains by comparing 2017 to 2013?
Or go back to 1975: 38.32%
Or 1985: 27.66%
Or 1989: 26.96%
Or 1995: 33.45%
Or 1996: 26.01%
Or 1999: 25.22%
Or 2003: 25.32%
Jesus Christ MSM... so many legitimate things you can be going after Trump for, yet you always drop the fucking ball and make shit up when you don't even have to.
Most retards that read your news aren't even going to realize that the S&P 500 chart was used in Kevin Drum's "quirky" little graph, but they don't even know the difference between the DOW and the S&P in the first place.
Why not just come out and say that the DJIA percentage gain under 2013 Obama administration was almost 1.5% more than Trump's 2017 gains?
Do Right, Be Right. :)
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Friday, February 9, 2018 6:43 PM
Quote:6ixStringJack, this took one minute for me to do. I timed it:
Originally posted by 6IXSTRINGJACK:
Apparently "taunting Trump" is all this post is good for. It gives nothing but two squiggly lines, dumbed down to a meaningless "100" with no context surrounding it
Jesus Christ MSM... so many legitimate things you can be going after Trump for, yet you always drop the fucking ball and make shit up when you don't even have to.
Most retards that read your news aren't even going to realize that the S&P 500 chart was used in Kevin Drum's "quirky" little graph, but they don't even know the difference between the DOW and the S&P in the first place.
Take the stock market index and re-scale it so that the value on inauguration day is 100. That makes it easy for a comparison by percent change in stock market for the first months of Obama and Trump.
Economists use that re-scaling to 100 all the time. This graph from the Federal Reserve is scaled to 100 on inauguration day 2009, but you can make another for Trump 2017 to see if Kevin Drum got that one right.
https://fred.stlouisfed.org/graph/?g=ih6v
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Friday, February 9, 2018 7:06 PM
No shit. I'm not a fucking idiot. I know what it means. I'm speaking for the majority of idiots out there that can't Math well enough to balance their own checkbook.
I actually show that I know this in the large portion of the post that you didn't quote. You'll find that I didn't even argue the specific data in the graph, but I proved it accurate and even elaborated on it.
You either already knew that I did and ignored it when making your idiot reply, or you just ignored it in the first place.
Nothing to say about anything relevant in the rest of the post?
Do Right, Be Right. :)
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