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Hardcore troubadour

Stock Market- Ouch!

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Fine

 

But what about him saying they need to be raised during Obama's presidency but now says that same policy is harmful

Because he wants to get the same treatment. Obama got dealt a winning hand, and looked good in the process. That same good fortune Obama got also has the potential to make him look bad, and he knows it. Everyone knows it. Giving Obama credit for the stock market is ridiculous. All he did was pump our money into it and be around while interest rates were historically low. He bailed out GM and didn't even insist they make the cars here. Think about that. Mexico didn't bail them out, American tax payers did.

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. He bailed out GM and didn't even insist they make the cars here. Think about that. Mexico didn't bail them out, American tax payers did.

 

 

The Republican controlled congress passed this

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The Republican controlled congress passed this

Oh I know, but no one is giving them credit for saving the economy. That's all Obamas. And it's one of the bigger fish tales ever told.

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Oh I know, but no one is giving them credit for saving the economy. That's all Obamas. And it's one of the bigger fish tales ever told.

 

 

So are U mad the republican congress passed the bill to bail out GM?

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So are U mad the republican congress passed the bill to bail out GM?

Well the bailout continued into Obamas presidency. It wasn't a one shot deal. I'm mad they took the American tax payer for a ride and used the money to boost their manufacturing in china and Mexico. Aren't you? And Bush was worse than Obama if you think I'm letting that jackass off the hook.

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So are U mad the republican congress passed the bill to bail out GM?

And what are you taking about? Harry Reid was majority leader in the senate.

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I guess my point is it is Congress not the president

 

As far as the policy I honestly don't know the answer. I think the average person is probably better off with GM being around than not. At what cost was it worth saving I don't know

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I guess my point is it is Congress not the president

 

As far as the policy I honestly don't know the answer. I think the average person is probably better off with GM being around than not. At what cost was it worth saving I don't know

Of course it is. That doesn't let the whole cabal off the hook for making a shitty deal.

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Of course it is. That doesn't let the whole cabal off the hook for making a shitty deal.

 

 

Well I guess I wouldnt make statements like "He bailed out GM" it wasnt even a Democrat initiative. Republicans had to pass it

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Well I guess I wouldnt make statements like "He bailed out GM" it wasnt even a Democrat initiative. Republicans had to pass it

He sure did. Remember this one: Bin Laden is dead, and GM is alive. That's Obamas quote.

 

Edit. Biden said that, but Obama didn't stop him. That line was fed.

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No no the correct talking point is

 

The fed kept interest rates low under Obama to prop him up and the rates should be raised. But if you raise them on me you are willing America

 

-small handed orange Hitler

They have raised the rates every single quarter since Trump won the election.

 

They raised the rates one time from the 2008 election to the 2016 election.

 

Spin that however you like.

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Rates need to be raised. If they don't, the next 'real' economic downturn will have no way of trying to minimize the damage. Plus I want higher rates for my savings accounts.

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They have raised the rates every single quarter since Trump won the election.

 

They raised the rates one time from the 2008 election to the 2016 election.

 

Spin that however you like.

Waaaaaaaaa

 

Hey spin it like this .. Trump is finally getting the policy he advocated for.. maga!

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Waaaaaaaaa

 

Hey spin it like this .. Trump is finally getting the policy he advocated for.. maga!

I have no problem with them raising the rate incrementally every quarter. I also don't think market fluctuations have anything to do with it either, they are already priced in.

 

Any bitching from Trump about it now is just for the cameras since it is voting season.

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They have raised the rates every single quarter since Trump won the election.

 

They raised the rates one time from the 2008 election to the 2016 election.

 

Spin that however you like.

Surely it has nothing to do with the gigantic piece of corporate welfare Trump gave out via tax cuts that artificially inflated corporate earnings, which they then threw back into their own stocks to further inflate the market. That would be too obvious. :dunno:

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Oh boy. Down 600. Liberals pulling out?

More likely the corporate whales selling off all of that stock they bought back with their me(a)ga tax cuts. Got to prop up those numbers, before Q4 reporting somehow, amirite?

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Economy strong, unemployment record lows across the board, etc....yet we see these selloffs. Someone focking around to sheer more sheep or is Wall Street hedging their bets if the Dems get the House?

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Do we think tariffs have any impact? Interest rates? Consumer confidence? Uncertainty over mid-terms?

 

For those who think it isnt a big deal, remember that this doesnt impact just your 401k. It could impact near term sells of things like a 529

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Do we think tariffs have any impact? Interest rates? Consumer confidence? Uncertainty over mid-terms?

 

For those who think it isnt a big deal, remember that this doesnt impact just your 401k. It could impact near term sells of things like a 529

It does. But proper 529s are setup to minimize the downside risk the closer they are to college.

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Do we think tariffs have any impact? Interest rates? Consumer confidence? Uncertainty over mid-terms?

 

For those who think it isnt a big deal, remember that this doesnt impact just your 401k. It could impact near term sells of things like a 529

Chinese import tariffs in the flooring industry have hit many of our suppliers recently. Lots of natural stone, wood and vinyl flooring comes from China and all that has gone up 10%.

 

Those same suppliers are using this opportunity to raise prices on domestic alternatives and products from other foreign markets.

 

Essentially, all prices are going up and were passing it along to the consumer.

 

So far, it hasnt hurt overall sales, and I doubt it will for the foreseeable future. The industry held prices in check for quite a few years post 2008, so an uptick in pricing helps keep pace with inflation.

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It does. But proper 529s are setup to minimize the downside risk the closer they are to college.

Same with 401k. As you get closer to selling, you go with more conservative approaches. However, these losses will make it so that those who will be selling in 3-5 years may not recoup their losses because they will have to make that shift to low risk investments.

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If this continues Trump is gonna blow a gasket. I've said it before, I think people's 401k's tanking got Obama elected, and the stock market rebound got him re-elected. Now that we're all in the market, I think it's going to be the biggest factor in what party gets to seize or keep power.

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Well if we want to stop talking out of our ass, the two biggest drivers to the market today were concerns about Apple and the larger World economy vis a vis China and trumps ridiculous trade war that actually isn't working right now.

 

You know, according to the people who do this for a living. But sure, I'm sure the market is terrified now that the Democrats have been in office for 2 days.

 

Trump couldn't run a casino with his daddy's money. Why do we think he can run an economy?

 

I just hope he knows he can't just declare bankruptcy and walk away from his obligations.

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This feels like we are going to be giving up significant gains.

Did I call for this or what?

 

Stocks are up unrealistically high due to massive stock BuyBacks this year from the Trump tax cut. Executives right and left are going to be Cashing Out portions of their gains to be sure between now and the end of the year.

 

I'm not just saying that now. Go back and look. I was saying the same thing weeks ago.

 

It's the only smart play when you have large Holdings and are sitting on an inflated bubble due to BuyBacks.

 

Wont do diddly for the average investor. But the multi-millionaire 1%? They're going to have a very nice Christmas.

 

and the same guys who attributed every single uptick in the market for the last 2 years to Trump? Will be the first dorks to say, hey it's just the market. POTUS doesn't have anything to do with it!

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Did I call for this or what?

 

Stocks are up unrealistically high due to massive stock BuyBacks this year from the Trump tax cut. Executives right and left are going to be Cashing Out portions of their gains to be sure between now and the end of the year.

 

I'm not just saying that now. Go back and look. I was saying the same thing weeks ago.

 

It's the only smart play when you have large Holdings and are sitting on an inflated bubble due to BuyBacks.

 

Wont do diddly ###### for the average investor. But the multi-millionaire 1%? They're going to have a very nice Christmas.

 

and the same guys who attributed every single uptick in the market for the last 2 years to Trump? Will be the first dorks to say, hey it's just the market. POTUS doesn't have anything to do with it!

 

A correction until December means nothing to investors. We'll hit all time highs again in 2019.

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This feels like we are going to be giving up significant gains.

Blew pastt 25 in no time. 24 not too far behind. Word is Apple may have some bad news.

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