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Washington DC and The Holy Land>Stock market on pace for worst December since Great Depression
Lex Luthor 03:25 PM 12-18-2018
Originally Posted by :
The stock market is on pace for its worst December since the Great Depression

Two benchmark U.S. stock indexes are careening toward a historically bad December.

Both the Dow Jones Industrial Average and the S&P 500 are on pace for their worst December performance since 1931, when stocks were battered during the Great Depression. The Dow and S&P 500 closed Monday down 7.6 percent and 7.8 percent this month, respectively.

December is typically a very positive month for markets. The Dow has only fallen during 25 Decembers going back to 1931.

The S&P 500 averages a 1.6 percent gain for December, making it typically the best month for the market, according to the Stock Trader’s Almanac.

While the S&P 500 began dissemination in 1950, the performance data was backtested through 1928. It’s worth noting that historically, the second half of December tends to see gains.
https://www.cnbc.com/2018/12/17/wors...r&par=sharebar



"The worst December since the Great Depression". "Market down over 1,000 points since the GOP tax plan was passed".

Wow.
:-) Are the Trump supporters getting tired of all this winning yet?

To be fair, you can't really blame the plunging Dow on the tax cut. Although it can be argued that adding $2 Trillion to the debt can't be good for the stock market, most analysts agree that it's more likely that Trump's idiotic trade war is the cause.

The recent performance of the Dow does show us two things:
  1. Trump is an idiot. Trade wars are NOT good, and they are NOT easy to win.
  2. The tax cut is not the magic cure-all that the GOP believes it to be. All it did was add $2 Trillion to the debt.

I'm just glad I pulled my 401-K funds OUT of the stock market when I did. I'm not putting them back in until after Trump leaves office. Of course, the way things are looking, that will probably be Q2 of 2019.
[Reply]
LiveSteam 04:42 PM 12-20-2018
Originally Posted by 'Hamas' Jenkins:
Yeah, about that...

Prepared by the National Academies of Sciences, Engineering, and Medicine, the report looked at immigration trends over the past 20 years to assess the economic impact of the now more than 40 million people living in the United States who were born in other countries. It found that immigration has an overall positive long-term impact on the economy.

It’s true that first generation immigrants can take more money from state, local and federal governments than native-born citizens, and that especially on a state and local level, it can be costly to educate the children of immigrants. But the report found that as adults, children of immigrants in the next generation are huge boosters of the economy, contributing more to the government in taxes than either their first-generation parents or native-born citizens.
are more likely to have their wages negatively affected are prior immigrants or native-born people without a high school degree. In some high-skill areas, immigration may actually increase wages; the report says this is evidence that high-skilled immigrants may be “complementary with natives, especially high-skilled natives; with human capital spillovers stemming perhaps from interactions among workers; or with high-skilled immigrants innovating sufficiently to raise the productivity of all workers.”

https://www.google.com/amp/amp.timei...-economy-study

It’s the same story with wages. Over periods of ten years or more, immigration has only a small effect on wages of native-born workers.

Libtard bullshit
[Reply]
Lex Luthor 04:43 PM 12-20-2018
Originally Posted by Msmith:
If you guys think the market will tank further, just cash out your stocks and change it to money market fund in your 401K. Wait till the market bottom out, then buy the stocks back. You will make it out like a bandit.
I've already done that. I mentioned that in the OP.

I'll buy back in after a new President who isn't a ****ing moron is sworn in. The tanking of the stock market isn't affecting my investments. I just hate to see what is happening to the stock market right now, because I fear we WILL go into a recession.

But at least "trade wars are good and easy to win", so we've got THAT going for us. :-)
[Reply]
GloryDayz 07:12 PM 12-20-2018
Originally Posted by DayeMania:
Stocks take a 650 point dump, going even lower after Trump says he won't commit to keeping the government open



Trump has been in office for TWO YEARS and one of them is the worst year for the market since the financial crisis

LOL imagine being enough of a dumbshit to vote for this retard in chief :-):-):-):-):-):-):-):-):-)
:-) You mad 'ma brotha?
[Reply]
GloryDayz 07:14 PM 12-20-2018
Originally Posted by DayeMania:
No more than how you all celebrated Americans being unemployed for politics from 2009-2016.

You voted for him, now you reap the rewards. Worst year for the market since 2008, WOW that is impressive. Great job Trump voters! :-):-):-):-)
You're welcome. And I'll vote for him again.

How's your portfolio doing? :-)
[Reply]
GloryDayz 07:18 PM 12-20-2018
Originally Posted by DayeMania:
LOL what on earth are you talking about??? When the economy crashed and unemployment spiked towards 8% or whatever, you blamed that on individual decisions and laziness?!?!?

Hmm, let's go back and see:



HAHAHAHAHAHAHAHAHA oh man instead of being happy, you accused Obama of faking the numbers when unemployment went down!

MORE SCANDALS than any president in recent history!!! Oh man this post aged like a fine ****ing wine, it is DELICIOUS :-):-):-):-):-):-)



Hahahahahaha look at this retard celebrating Americans losing money and jobs for politics

"Dumbass." :-):-):-) :-):-):-)
Well it looks like there may be more unemployed people... Sucks to be them!
[Reply]
GloryDayz 07:23 PM 12-20-2018
Originally Posted by suzzer99:
Thanks Trump for your chaotic, impulsive, deranged toddler leadership! I didn't need that nest egg anyway.
:-) I thought you were rich 'ma broheem... You sound like you're like the rest of us and support diversity, but you're not diverse...
[Reply]
GloryDayz 07:24 PM 12-20-2018
Originally Posted by Lex Luthor:
The DOW is down another 464 points today. The Trump supporters insist that this is all the fault of the Federal Reserve.

They're wrong.

Here's why.
:-) Let it crash! Maybe the illegals will stay in Mexico...
[Reply]
petegz28 10:32 PM 12-20-2018
Originally Posted by Lex Luthor:
The DOW is down another 464 points today. The Trump supporters insist that this is all the fault of the Federal Reserve.

They're wrong.

Here's why.



https://www.rawstory.com/2018/12/gro...Vjqfy0.twitter
You're a fucking idiot. You have no fucking idea of what you are talking about. You can barely spell FED let alone lecture anyone about their impact or lack thereof.

Meanwhile just about every Wall St. professional is talking about how the Fed has sent the market into a death spiral.
[Reply]
GloryDayz 10:44 PM 12-20-2018
Originally Posted by Lex Luthor:
The DOW is down another 464 points today. The Trump supporters insist that this is all the fault of the Federal Reserve.

They're wrong.
:-)

It was up, then the should-be-shot-in-the-face fuckface made the announcement at around 3:40.

:-)
Attached: ^DJI_YahooFinanceChart.jpg (22.7 KB) 
[Reply]
HonestChieffan 09:45 AM 12-21-2018
Dow jumps 250 points after Fed's Williams says central bank could reassess view in 2019


The market overreacts. The end is not near. The correction will settle down in due time.
[Reply]
Reerun_KC 09:47 AM 12-21-2018
Its time to keep buying.... No need to panic....
[Reply]
Lex Luthor 10:14 AM 12-21-2018
Originally Posted by petegz28:
You're a ****ing idiot. You have no ****ing idea of what you are talking about. You can barely spell FED let alone lecture anyone about their impact or lack thereof.

Meanwhile just about every Wall St. professional is talking about how the Fed has sent the market into a death spiral.
Actually, what they're saying is that the Fed raising interest rates is one of many factors. Other factors include concerns about the potential government shutdown, concerns about the government's ability to get anything done in 2019, and concerns about the trade war, in addition to the other things listed in the article I posted.

But you go on being you.
[Reply]
Lex Luthor 10:18 AM 12-21-2018
Originally Posted by Reerun_KC:
Its time to keep buying.... No need to panic....

[Reply]
vailpass 10:27 AM 12-21-2018
Originally Posted by Msmith:
If you guys think the market will tank further, just cash out your stocks and change it to money market fund in your 401K. Wait till the market bottom out, then buy the stocks back. You will make it out like a bandit.
Or you could look into bear market funds or put options.

Or you could look at your asset allocation and make informed choices that allow you to remain in the market.

https://personal.vanguard.com/us/FundsInvQuestionnaire
[Reply]
HonestChieffan 11:20 AM 12-21-2018
Originally Posted by petegz28:
You're a ****ing idiot. You have no ****ing idea of what you are talking about. You can barely spell FED let alone lecture anyone about their impact or lack thereof.

Meanwhile just about every Wall St. professional is talking about how the Fed has sent the market into a death spiral.

I have not heard the term death spiral. I have pretty solid reasons to pay attention to what is being said. I met with my advisor yesterday actually.

What we do hear is that the Fed went too far in the eyes of the market. The market wanted less raises in future 2019/2020....they heard today that 2019 is not a locked in 2 raises....so that should ease the irrationality of what we are seeing.

We also hear the word correction...we have been expecting a correction since spring...lots of folks saw valuations of some stocks as out of line and a correction would have to get things back into a more rational state.

There is no death spiral. Unless you were way over positioned in a sector or stock that has been bloodied, then for those who lack good planning, diversification and reasonable expectations, it must hurt to beat hell. But its not a death spiral.

In addition to all the fed stuff, Trump has his finger/mouth involved across the board by being unpredictable and acting with no regard for the impact of his actions. He doesnt care we have to accept that at this point, his behavior will not change. With the good stuff he has made happen we get Donald and Donald is a bull in a china shop who is unmanageable by his staff. That sends traders into nervous tremors not knowing what he will do or say next.
[Reply]
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