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stock market, jobs, economy all plummeting under trump

Discussion in 'Politics' started by UncleBuck, Feb 2, 2018.

  1.  
    gonnagro

    gonnagro Well-Known Member

  2.  
    757growin

    757growin Well-Known Member

    You buy something with all your profits I just lost a grip in this past week or so.
     
    abandonconflict and UncleBuck like this.
  3.  
    gonnagro

    gonnagro Well-Known Member

    A lot of the experts are also pointing out that the markets are actually reaching fair value or are closer to fair value. Still a long distance from a bear market.
     
  4.  
    gonnagro

    gonnagro Well-Known Member

    grip?
     
  5.  
    UncleBuck

    UncleBuck Well-Known Member

    when they are bad enough they do.

    you seem nervous. isn't obama's awesome economy, which trump is now undoing like all of obama's other achievements, the only thing keeping trump above 30% approval?
     
  6.  
    UncleBuck

    UncleBuck Well-Known Member

    at this rate we are three days away from a bear market that will push us into recession and layoffs and high unemployment.
     
  7.  
    TacoMac

    TacoMac Well-Known Member

    Other than 1785, 1787, 1804, 1812, 1821, 1825, 1833, 1839, 1847, 1857, 1865, 1873, 1887, 1902, 1913, 1918, 1923, 1929, 1937, 1949, 1960, 1969, 1981, 1990, 2001 and 2007, you're absolutely right.
     
    PCXV, abandonconflict, Fogdog and 3 others like this.
  8.  
    757growin

    757growin Well-Known Member

    Like a large amount of liquid assets.
     
    abandonconflict and UncleBuck like this.
  9.  
    757growin

    757growin Well-Known Member

    So what ya buying. A new washer/dryer, fridge, boat, Car, house? How well did you do? Who are these experts you get advice from? Thanks in advance.
     
  10.  
    gonnagro

    gonnagro Well-Known Member

    Yes I know I'm right. The reason is because you have it backwards.

    "One effect of a recession is a slump in the stock market. ... An increase in unemployment is another recession effect. Businesses reduce production because consumer spending slows. Therefore, employees lose their jobs as businesses cut back on production."

    We are not in a recession, (nor are we likely to be). This is a correction, nothing more. If you have cash, sit on the sidelines and be patient. This could become an unprecedented opportunity to ride it up to 26000+ again.
     
  11.  
    gonnagro

    gonnagro Well-Known Member

    More equities and currencies. Read seekingalpha and cnbc.
     
  12.  
    UncleBuck

    UncleBuck Well-Known Member

    the trumptard is sweating bullets.
     
  13.  
    rkymtnman

    rkymtnman Well-Known Member

  14.  
    Justin-case

    Justin-case Well-Known Member

  15.  
    Fogdog

    Fogdog Well-Known Member

    whistling past the graveyard isn't a good investment strategy.

    Trump's policies are inflationary and recessionary. He's a fucking idiot, doesn't even show up for work. It's hard to say if showing up for work is a good thing or not given his moronic leadership. The financial industry has taken a look at:
    • His policies to shrink the labor force -- his diaspora imposed upon immigrants and immigration policies shrinks labor force by 5%,
    • His policy to borrow money for a so-called tax cut instead of rebuilding this country's infrastructure
    • Uncertainty in the economy due to
      • Trump's irrational behavior,
      • a new fed chairman,
      • beating the war drum.
    The smart money is saying no thanks, I'll take my profits now.
     
    Last edited: Feb 8, 2018
  16.  
    abandonconflict

    abandonconflict Well-Known Member

  17.  
    Bugeye

    Bugeye Well-Known Member

    10% decline in the market is considered a "correction". A recession is commonly defined as two straight quarters of GDP decline, but gets defined more specifically by different organizations. So we have just experienced a correction but a technical recession is not likely for a while, as strong GDP growth is expected for 1Q18.:bigjoint:
     
    gonnagro likes this.
  18.  
    UncleBuck

    UncleBuck Well-Known Member

    it's actually comforting to here you predict such a rosy outlook, especially considering you are the same guy who said mueller's investigation would be over by this time last week.

    another bad week like this and the market crash will spur layoffs, unemployment, and ultimately another GOP created recession
     
    757growin likes this.
  19.  
    Bugeye

    Bugeye Well-Known Member

    Could be, at least 9 months out though to call it a technical recession.

    I'm also wondering where P/E ratios normalized for new tax rates are at. I noted DJIA PE ratios at 25 the other day, but did not consider that they do not reflect new tax rate yet, which will drop them mathematically. I'm guessing they are still over 20 when normalized, but not as bad as 25!
     
    gonnagro likes this.
  20.  
    UncleBuck

    UncleBuck Well-Known Member

    they're not gonna wait until 9 months after the layoffs and uptick in unemployment before they call it a recession if we have another week like this one.

    one more week like this one and all gains since inauguration day will be wiped out. trump's approval will dip into the 20s, disapproval might hit 70%.

    his only saving grace has been the obama economy he inherited, but he is undoing that just like everything else good that obama did.

    hell, trump even undid obama's fine work of slashing the deficit. trump doubled the fucking deficit his first year in office.

    not to mention higher gas prices, lower labor force participation, the worst job numbers since 2010 - and it will soon be followed by a recession if this keeps up for just one more week.
     
    rollitup, PCXV and 757growin like this.

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