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Washington DC and The Holy Land>Trade Wars are good and easy to win. Dow drops 950 points.
Lex Luthor 01:51 PM 08-05-2019
Thanks Donald!

Originally Posted by :
Dow plunges more than 950 points after China devalues its currency

The Dow tumbled more than 950 points and global stocks were in disarray on Monday after China escalated the trade war with the United States.

The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs.

The weak yuan ignited fear on Wall Street that a currency war has begun or that the United States would respond with even higher tariffs, prolonging the standoff with China and potentially weakening the global economy. Investors are particularly concerned that the Trump administration could try to devalue the dollar, sparking a currency war that could weaken Americans' purchasing power.

"Risks of Trump intervening in foreign exchange markets have increased with China letting the yuan go," wrote Viraj Patel, FX and global macro strategist at Arkera, on Twitter. "If this was an all out currency war - the US would hands down lose. Beijing [is] far more advanced in playing the currency game [and has] bigger firepower."

President Donald Trump once again called China a currency manipulator on Monday, saying the yuan devaluation was a "major violation." Trump has long attacked China for its currency policy, even though the Treasury has refrained from officially labeling the country a currency manipulator.

China announced Monday its companies have halted purchases of American agricultural goods. That helped to drive stocks even deeper into the red.

US stocks were sharply lower, with the Dow (INDU) falling more than 950 points, sinking below 26,000 points for the first time since June. The Dow was on pace for its third-worst point drop in history.

The S&P 500 (SPX) traded 3.7% lower, and could post its worst day of 2019. The Nasdaq Composite (COMP) fell more than 4%, its biggest decline since October 24, 2018. If the Nasdaq closes lower Monday, it will have logged its longest losing streak since November 2016, when it fell for nine-consecutive days in the lead-up to the presidential election.

The S&P 500 is on track for six consecutive down days for the first time since October, while the Dow is on track for its longest losing streak since March. Last week, the S&P 500 and the Nasdaq Composite logged their worst week of the year last week.

Hit particularly hard were tech stocks. Apple (AAPL), Intel (INTC), Microsoft (MSFT), Nvidia (NVDA) and Advanced Micro Devices (AMD) were among the biggest losers on Monday.

The VIX (VIX) volatility index soared more than 30% to a seven-month high. The CNN Business Fear & Greed Index is indicating "Extreme Fear."
Asian markets all fell more than 1.6% Monday, and Hong Kong's Hang Seng closed down 2.9% as protests continue in the region. In Europe, London's FTSE 100 finished down 2.5%. Germany's DAX and France' Cac 40 closed 1.8% and 2.2% lower, respectively.

US government bonds rose and yields fell as traders looked for safe investments. The 10-year Treasury yield declined to 1.7413%. The yield curve the difference between shorter and longer-term bond yields grew the widest since April 2007. That inversion of the yield curve has predated every past recession.

Escalating the trade war

The yuan weakened sharply after the People's Bank of China set its daily reference rate for the currency at 6.9225, the lowest rate since December. The central bank said in a statement that Monday's weakness was mostly because of "trade protectionism and new tariffs on China." President Donald Trump threatened a new round of tariffs on the country last week.
Devaluing the yuan is one way China has of retaliating against the tariffs. A weaker currency helps Chinese manufacturers offset the costs of higher tariffs.

Analysts at Capital Economics said the move showed that Beijing has "all but abandoned" hopes for a trade deal with the United States.

In US economic data, the non-manufacturing index for July from the Institute of Supply Management undercut consensus expectations, which didn't help matters.
https://www.cnn.com/2019/08/05/inves...day/index.html
[Reply]
neech 09:15 AM 01-10-2020
I wonder if that fool has no money in the market and Lex puts it under his mattress with his nudie pics of Rachel Maddow.

All ten dollars of his money.


[Reply]
JohnnyHammersticks 09:27 AM 01-10-2020
Originally Posted by neech:
I wonder if that fool has no money in the market and Lex puts it under his mattress with his nudie pics of Rachel Maddow.

All ten dollars of his money.

:-)


[Reply]
F150 09:34 AM 01-10-2020
Could go 29000 today, was there at open
[Reply]
Merde Furieux 10:08 AM 01-10-2020

[Reply]
F150 12:00 PM 01-14-2020
Over 29000 again, end near?
[Reply]
GloryDayz 12:39 PM 01-14-2020
Originally Posted by F150:
Over 29000 again, end near?
Well we only have a few years to live anyway (because seasons change), so there's little time - spend like you're going to melt!
[Reply]
EmojiMania 08:20 PM 01-14-2020
It's amazing how much you guys love numbers that sound big. "Twenty nine thousand! EPIC!!!" Even with the recent rally, the DJIA is up all of 11% in the last two years. Is 5.4% annualized return in that period - performance that would look bad against most two-year stretches of Obama's presidency - what makes, sorry, what is it Marcellus said?

Originally Posted by Marcellus:
I may have to open another 401K, the one I have now is getting full.
Yeah, wow, you guys really have trouble with math. :-):-):-):-):-):-):-):-):-):-):-)
[Reply]
Marcellus 08:30 PM 01-14-2020
Originally Posted by EmojiMania:
It's amazing how much you guys love numbers that sound big. "Twenty nine thousand! EPIC!!!" Even with the recent rally, the DJIA is up all of 11% in the last two years. Is 5.4% annualized return in that period - performance that would look bad against most two-year stretches of Obama's presidency - what makes, sorry, what is it Marcellus said?



Yeah, wow, you guys really have trouble with math.
How about 33% over 3 years dipshit? And I did way the hell better than 11% the last 2 years but I am smarter than you. Better watch your emojis libtard would hate to see you rompered.
[Reply]
Bowser 08:34 PM 01-14-2020
Originally Posted by EmojiMania:
It's amazing how much you guys love numbers that sound big. "Twenty nine thousand! EPIC!!!" Even with the recent rally, the DJIA is up all of 11% in the last two years. Is 5.4% annualized return in that period - performance that would look bad against most two-year stretches of Obama's presidency - what makes, sorry, what is it Marcellus said?



Yeah, wow, you guys really have trouble with math. :-):-):-):-):-):-):-):-):-):-):-)

[Reply]
EmojiMania 08:36 PM 01-14-2020
Originally Posted by Marcellus:
How about 33% over 3 years dipshit?
So 10% annualized? Sure, it's good, it's also not earth-shattering. Obama's first three years had 13.8% annual growth.

Originally Posted by Marcellus:
And I did way the hell better than 11% the last 2 years but I am smarter than you.
Oh? What did you do to beat the market? Most active hedge fund managers don't even beat the market, why do you still live in the Midwest when you should be turning your market-beating wisdom into a full-time job making millions? :-):-):-):-):-):-):-):-):-):-):-):-):-)
[Reply]
Marcellus 08:41 PM 01-14-2020
Originally Posted by EmojiMania:
So 10% annualized? Sure, it's good, it's also not earth-shattering. Obama's first three years had 13.8% annual growth.



Oh? What did you do to beat the market? Most active hedge fund managers don't even beat the market, why do you still live in the Midwest when you should be turning your market-beating wisdom into a full-time job making millions?
Look you dumb mother****er we know what market Obama started with, we also know it literally didn't grow after getting back to where it was pre crash, period. Go look at the last 4 years of his term. The market went back to precrash levels over 4+ years then hit a ceiling. Yay I made my money back barely.

Eat a bag of dicks and try to count as you chug them down because you are the one who doesn't understand math.
[Reply]
EmojiMania 08:43 PM 01-14-2020
Originally Posted by Marcellus:
Look you dumb mother****er we know what market Obama started with, we also know it literally didn't grow after getting back to where it was pre crash, period. Go look at the last 4 years of his term.
So by "literally didn't grow in the last 4 years of his term", you mean that it grew 10.4%/year from 2013-14 and 5.4% a year from 2015-16, both of which are equal to or better than Trump's last two years, right? Is that what "literally didn't grow" means, since you are so smart and good at math? :-):-):-):-):-):-):-):-):-):-):-)

btw, that was a serious question above! I really want to hear about your market-beating strategy!
[Reply]
EmojiMania 09:10 PM 01-14-2020
*crickets*

Damn, that's a shame, I was really looking forward to getting savvy investing advice from the great Marcellus, who is so amazing with finance and math that he thought the market "literally didn't grow" under Obama once it hit pre-recession levels :-):-):-):-):-):-):-):-):-):-)
[Reply]
RunKC 10:36 PM 01-14-2020
S&P 500 annualized return (with dividends) during the Trump presidency is 16.21%

Amazing
[Reply]
Loneiguana 06:28 AM 01-15-2020
Originally Posted by EmojiMania:
So by "literally didn't grow in the last 4 years of his term", you mean that it grew 10.4%/year from 2013-14 and 5.4% a year from 2015-16, both of which are equal to or better than Trump's last two years, right? Is that what "literally didn't grow" means, since you are so smart and good at math? :-):-):-):-):-):-):-):-):-):-):-)

btw, that was a serious question above! I really want to hear about your market-beating strategy!
Trumpers, like all simple, low intellectual morons, as you said, are easily wowed by large numbers and have zero ability to understand percents are anything.
[Reply]
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