Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 42 of 119
Quote:And here you repeat your Janus act.
Originally posted by captaincrunch:Quote:You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?
Originally posted by 6IXSTRINGJACK:
I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:And here you repeat your Janus act.
Originally posted by captaincrunch:Quote:You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?
Originally posted by 6IXSTRINGJACK:
I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.
Oh how I find your sense leaking! The wending river mocks the apple tree because bearing fruit is temporary and yet eternal. Next you'll say hope is in the turtle's eye, new and young and yet so small. But I'll say that truth, with the sadness of forever - now slanted and whole - can keep the egg shells from cracking.
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Dow closed at 24,103 today. A gain of 1.07% for the day.
This is 9.4% off the Record All-Time High.
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Quote:
Originally posted by captaincrunch:Quote:
Originally posted by 6IXSTRINGJACK:
I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.
Your assumptions are bs - I've railed against Hillary many times. Try reading. I could care less about Obama or Clinton NOW. They are long gone, da. You will find - if you look with an open mind - the only people who use their names now are the ones trying to deflect from Trump's dumb f*ckery.
You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?
The point is that a bunch of whiny Leftists lost their ability to blame breaches of their private data by their precious Facebook solely on the Big Bad Trump because they found out their wonder child they've been pining for for the last two years was doing it to them too. Once they found that out, people have been fleeing from their profiles.
I have no stake in it. I don't use it.
I'm not talking about the Market in general. I think the whole thing is a con game rigged to rip off the working class, whether or not they participate in it.
I'm only talking about Facebook here.
Do Right, Be Right. :)
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Dow closed on Monday at 23,644. That was down less than 2%. This is 11.2% off the Record All-Time High. This is the 4th day in the past 2 months that Dow has closed between 10% - 13% off the Record All-Time High.
S&P500 was down more than 2%, and NASDAQ was down 2.74%.
Amazon was down 5.2%.
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6ixStringJack is 50% more likely to die between now and 2028 because the GOP crashed the economy in 2008 by not regulating the mortgage securities industry. If you don't believe the GOP caused the crash, then too bad for you. Trump could cause another crash like Bush did.
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008
If you prefer the movie version of how Bush crashed the economy The Big Short:
https://goo.gl/JKpcrb
Your financial health may have more bearing on your physical health than you realize.
www.latimes.com/science/sciencenow/la-sci-sn-suddenly-poor-death-20180
403-story.html
American adults who experienced a sudden and substantial loss of wealth were 50% more likely to die in a 20-year period than were others in their age group whose financial picture remained relatively stable, or improved.
As bad as things were for those who experienced a "negative wealth shock," they were even worse for Americans who didn't have any wealth in the first place. These folks were 67% more likely than their financially secure counterparts to die during a 20-year study period.
The findings, published Tuesday in the Journal of the American Medical Assn., suggest that you should treat your bank account balance as a vital sign.
The same goes for the value of your stock market investments, your individual retirement account, your home, your vehicles, your business or your "other substantial assets."
https://jamanetwork.com/journals/jama/fullarticle/2677445
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:I posted this on 24 March.
Originally posted by JEWELSTAITEFAN:Quote:That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long. It hasn't been able to stay between 23.5K and 25K for more than a week since it entered that range in Nov 2017.
Originally posted by JO753:
Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.
Woudnt that forse most peepl out and thus the entire game starts to colaps?
But let's pretend.
As older people in pensions and other types of retirement plans leave the workforce, newer workers will transition into more mutual funds, feeding more money into the Market, increasing demand, increasing prices. Same thing from other investors.
Retirement funds are not withdrawn within a few years without penalties, and not until the legally designated age. This age would be achieved by about one in 45 workers per year.
Unless you are talking about the wealthy investors. These people make gobs of money with the minor ups and downs of the day-to-day and week-to-week. Their money handlers are day traders, a different, perhaps opposite, animal than mutual fund investors. Since the Dow hit 26,616 on 26 Jan it has gone up and down 1% dozens of times, 2% a dozen or so times, 5% several times, in less than 2 months, about 42 trading days. Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.
So what is it that you think will collapse? Who is it that will get out permanently?
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?
A few days after this I saw a report that the total number of 1% gains, and 1% drops, has been more than double the total of 2017.
There seems to be at least a dozen more since then.
Even if the Market stays within a tight range, the Day Traders will be happy to continue raking in the cash.
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Quote:
Originally posted by second:
6ixStringJack is 50% more likely to die between now and 2028 because the GOP crashed the economy in 2008 by not regulating the mortgage securities industry. If you don't believe the GOP caused the crash, then too bad for you. Trump could cause another crash like Bush did.
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008
If you prefer the movie version of how Bush crashed the economy The Big Short:
https://goo.gl/JKpcrb
Your financial health may have more bearing on your physical health than you realize.
www.latimes.com/science/sciencenow/la-sci-sn-suddenly-poor-death-20180
403-story.html
American adults who experienced a sudden and substantial loss of wealth were 50% more likely to die in a 20-year period than were others in their age group whose financial picture remained relatively stable, or improved.
As bad as things were for those who experienced a "negative wealth shock," they were even worse for Americans who didn't have any wealth in the first place. These folks were 67% more likely than their financially secure counterparts to die during a 20-year study period.
The findings, published Tuesday in the Journal of the American Medical Assn., suggest that you should treat your bank account balance as a vital sign.
The same goes for the value of your stock market investments, your individual retirement account, your home, your vehicles, your business or your "other substantial assets."
https://jamanetwork.com/journals/jama/fullarticle/2677445
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
I don't think anybody will see it that way. If I die before now and 2028 it's probably going to be attributed to my 4-5 year stint of massive binge drinking, my decades old habit of smoking cigarettes, or my high blood pressure which, BTW, I tested again last night on break and was 134/94.
Ain't white male privilege awesome?
Do Right, Be Right. :)
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Today Dow had another 3% shift. Started the session with a 2% drop, then climbed during the day to get 1% gain, from the prior session.
Dow closed at 24,264. The last time it closed higher than that was 21 March.
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Quote:At this point, the number of sessions that the S&P500 has had a 1% move is more than triple the total for all of 2017.
Originally posted by JEWELSTAITEFAN:Quote:I posted this on 24 March.
Originally posted by JEWELSTAITEFAN:Quote:That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long. It hasn't been able to stay between 23.5K and 25K for more than a week since it entered that range in Nov 2017.
Originally posted by JO753:
Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.
Woudnt that forse most peepl out and thus the entire game starts to colaps?
But let's pretend.
As older people in pensions and other types of retirement plans leave the workforce, newer workers will transition into more mutual funds, feeding more money into the Market, increasing demand, increasing prices. Same thing from other investors.
Retirement funds are not withdrawn within a few years without penalties, and not until the legally designated age. This age would be achieved by about one in 45 workers per year.
Unless you are talking about the wealthy investors. These people make gobs of money with the minor ups and downs of the day-to-day and week-to-week. Their money handlers are day traders, a different, perhaps opposite, animal than mutual fund investors. Since the Dow hit 26,616 on 26 Jan it has gone up and down 1% dozens of times, 2% a dozen or so times, 5% several times, in less than 2 months, about 42 trading days. Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.
So what is it that you think will collapse? Who is it that will get out permanently?
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?
A few days after this I saw a report that the total number of 1% gains, and 1% drops, has been more than double the total of 2017.
There seems to be at least a dozen more since then.
Even if the Market stays within a tight range, the Day Traders will be happy to continue raking in the cash.
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