Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 37 of 119
Dow closed at 24,538 on Friday. This is 7.8% off the all time high. Not as bargain of price as in Feb, but still a discount price for buying in.
Trump blabbering about confiscating firearms upon a whim, and leveling tariffs against Canada for steel and aluminium, and making Hope Hicks quit seems to have depressed the Dow, but NASDAQ stayed up the whole day.
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Quote:
Originally posted by JEWELSTAITEFAN:
I don't disagree with your math, but your $744 is still not the same as the $320 from second.
Whozit said $50 per week, before his 2% raise got him over the $19/hr mark.
If he had $10K contributed to 401k (unlikely), 2017 would be $2,174 and 2018 would be $1,730. Difference of $444 - still not 2,600.
That's all true. I wasn't arguing with you or whozit, but I felt the need to put the actual numbers out there. It doesn't do anybody any good when false numbers are put up and then repeated just for the purpose of framing a narrative. This goes for anybody doing it on any "side" for any reason.
That being said, the numbers I put up also throw Second's $320 quote out the window as well...
Quote:
Originally posted by second:
Less than $40,000 get $320. This is where most people live, but they can't move the stock market because they own very little of it.
That's why I love math. Math don't lie.
Do Right, Be Right. :)
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Dow closed at 24,874 today.
That's 6.5% off the Record All-Time High.
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In another thread on 28 February, Wishi said to expect another crash like 2008. And cash out, run for the hills.
That was with Dow at 25,029.
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Quote:That babble about the Tariffs on steel and aluminum was bad reporting.
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,538 on Friday. This is 7.8% off the all time high. Not as bargain of price as in Feb, but still a discount price for buying in.
Trump blabbering about confiscating firearms upon a whim, and leveling tariffs against Canada for steel and aluminium, and making Hope Hicks quit seems to have depressed the Dow, but NASDAQ stayed up the whole day.
The new method of Tariffs which Trump desires is to allow him to more selectively apply Tariffs, like exempting Canada and Mexico from the steel and aluminum Tariffs.
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Dow closed today at 25,335. Last time the close was in this territory was 26 Feb. Like 9 trading days ago. This is 4.8% off the Record All-Time High.
Up 1.77% for the day, some attribute to a strong jobs report.
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Time for some reality...The video is about the first 6 months of Trumps economy. The last 6 months is just more of the same.
They did pass the tax plan although it kills the deficit. A trillion dollar give back to the donor class, but no infrastructure bill. I guess Trump figured the money was better spent by giving it to rich people. More to come....
T 
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JP Morgan co-president warns of 'deep correction' for stocks totaling as much as 40% over next few years
"The equity market has some way to go for the next year to two," said J.P. Morgan's Daniel Pinto. "But then, if there is a correction, it could be a deep correction."
https://www.cnbc.com/2018/03/08/jp-morgan-co-president-warns-of-deep-c
orrection-for-stocks-totaling-as-much-as-40-percent.html
T
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While Dow closed down a fraction of a percent today, NASDAQ closed at yet another Record All-Time High.
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Quote:
Originally posted by THGRRI:
Time for some reality...The video is about the first 6 months of Trumps economy. The last 6 months is just more of the same.
They did pass the tax plan although it kills the deficit. A trillion dollar give back to the donor class, but no infrastructure bill. I guess Trump figured the money was better spent by giving it to rich people. More to come....
T
I'd respect your "reality" if buying into the Obama's administration as good times wasn't also part of it.
I'll be the first to admit that nothing has improved in the last year for the working class, but if we're going to agree on things you have to admit that it didn't get any better under Obama either and there has been zero improvement for the working class since the downturn in the early 2000's under GWB.
Do Right, Be Right. :)
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