I guess the stock market rally this week doesn't fit their liberal narrative.

Okay, here is one-  from obama's first day in office (actually, his 3rd, the first day there was a listing), to obama's last day in office (which is trump's first day- actually the 25th, the first day there was a listing)

8077.56 to 20068.51  an increase of 248%

trump's first day to today-

20068.51 to 24748.43 an increase of 19%

happy now? 

I wonder what the market increase was from Mr. Obama's day, until the 2010 midterms when Republicans shellacked the Democrats and what it was from then?

you mean from the time obama and the democratic congress passed legislation that ended the Bush Recession in October of 2009 to when Trump took over?  what difference does that make, simpleton?  why not pick the middle 5 months of trump's first year compared to the middle 5 months of obama's? IN SHORT, USE THE WHOLE TIME IN OFFICE BY BOTH, DUMBASS.  IT IS EASIER AND FAIRER THAT WAY THAN CHERRY PICKING CERTAIN TIMES, FOOL. 

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Ummm, it's 2018, not 2009.

Since the recession started in 2007, when Democrats controlled both the House and Senate--explain how the recession could be blamed on President Bush.

because congress cannot pass any laws without the president's okay, dumbass.  are you trying to ask stupid questions?  you know what caused the recession, more than anything else?  republicans in charge of both houses and the white house not regulating banks and financial institutions during the huge expansive housing boom of the early 2000's up until 2006, when the housing bubble burst, and all those mortgage bundling, default credit swaps, and other risky pyramid schemes using that mortgage money with a real value of about a 100 billion dollars turned into a paper value of a trillion, and when the housing bubble burst, the pyramid schemes burst, the banks started going under, the financial institutions started failing, all credit to all customers stopped, all construction stopped, people started losing their jobs to downsizing, and it all began because the repubs did NOT REGULATE BANKS AND FINANCIAL INSTITUTIONS LIKE THEY WERE SUPPOSED TO DO. 

here are the housing start numbers, in the hundreds of thousands, from 1994 to 2012...see if you can spot when the housing boom started and ended....see if janet reno or eric HAD ANYTHING TO DO WITH THE SHIT THAT HAPPENED ALMOST ENTIRELY FROM 2002 TO MID 2006, WHEN BUSH AND THE REPUBS CONTROLLED EVERYTHING...DUMBASS...FROM THE CENSUS BUREAU...

1994   670
1995   667   
1996   757
1997   804
1998   886
1999   880
2000   877
2001   908
2002   973
2003   1086 (+313)
2004   1203 (+117)
2005   1283 (+280) height of bubble
2006   1051 (-226) bubble bursts
2007   776 ( -275..democrats take over in january, housing boom dead, shit hitting fan, big time)
2008   485
2009   375
2010   323
2011   306
2012   367 (housing starts begin to rise)

i like the sound of that. 

What?  No cheers for Obama?   LOL

Gobama Markets,... good!

Downnie's Markets,... bad.

I told you it was a good buying opportunity last week!  I'm up $60,000 just this week!

DOW up 617 points, 2.5%!  Woohoo!

Oil closed at $50.17

Ummm, we're talking about November 26, 2018 not January 20, 2009.

Mr. Obama can only wish had or will have the success of President Trump.

You can hear the jealousy in his voice when he whines and cries like a school girl about Trump.

Such a rude individual, that I long ago put on ignore.

you clowns cannot read apparently.  or do math.  obama's record when it comes to how much the Dow increased while in office was 248%. 

Trump's record when it comes to the Dow increasing from when he was sworn in to the date of the original post- 11/27/2018-

19%. 

even you two morons should know 248% is more than 19%. 

and yet you claim trump's is better?  why?

You apparently can't do math either.  8 years does not equal 2 years.

We're not talking about January 20, 2009.  We are talking about November 26, 2018.

If you go back to earlier posts regarding this subject...

I clearly stated that historically, the market rises in the 6 months after a mid-term Congressional election.  (Barron's 11-3-18)

The stats on that are remarkably consistent over many decades.

The only wild card has been Trump's reckless public comments.


One of the technical reasons for last week's - and the week before - steep decline resulted from what is called "triple witching hour" around stock options that have to be consummated tomorrow (or Monday - the option date is typically 12/1).

No good money manager worth his/her salt was going to let the low volume trading dates that typically occur the week of Thanksgiving - ruin any profits they were looking to make.  (low volume trading days are more volatile, subject to wide fluctuations).  So, lot's of money managers banked their winnings early in November, and went on vacation (so-to-speak).  Those early option sales were what put downward pressure on the market.

Add to that, the inconsistent blather from Trump.

anchoragedan was correct last week...it was a buying opportunity, IF you had the cash to take advantage of that.   

me, I held my equity position.  most of my new 2018 money has been invested in total bond market mutual fund and individual municipal bonds.

unlike Trump, I started with nothing, worked hard to earn my money, avoided bankruptcy and made sound financial investment contributions and decisions over the years.

Yeah...it goes down it goes up......All. The. Time.

Like it when down under Bush........it went up under Obama....it has gone up and down during Trump.....no one knows Trumps legacy will be......but it is starting to look very dicey.

The market reflects the faith and feelings of the American public and the investors.

Dare I say faith and feelings are pretty low right now?

Time will tell.

ONLY a fool would bet on Frump.

People are betting on the market and the solidity of the stocks.

Me too!  (http://www.aesopsretreat.com/forum/Smileys/classic/hattip.gif)

On what do you base that belief?


Also real economic conditions.


For some perhaps.  But you should be aware that investor sentiment is a contrary indicator.  In other words, the more pessimistic people are about the market, the more likely the market will rally.  The reason being pessimists have removed money from the market, thus establishing a large reserve of cash that can be invested.

Those "fools" ended up being right.  Trump did win the election.


What were they doing the week before?  Betting against it?

I get the print versions of WSJ and Barron's.  Certainly not radical lefties.

No one is betting "on" Trump. 

They were 1000% in favor of the Republican tax cut for corporations and the wealthy. 

I just have my small piece of the equity world pie.  Mostly buy and hold mutual funds - particularly index funds and ETF's.

I knew with 100% certainty the tax cut for corporations and the wealthy would improve equity positions, but I didn't expect that bubble to deflate so quickly.  Been taking equity winnings off the table and banking on fixed income products to meet my ultimate goal - to live to 100 and still be able to wipe my own azz.



dan, I learned from my father - a CPA, Auditor and CFO. 

I learned his distrust of corporate executives (always trying to game the balance sheets and stock prices to their personal advantage).

Over the years, corporations have abandoned their financial support of their workers...and placed that burden on the worker and leaving society with the tab to pick up when the worker struggles through no fault of their own.

You want to place blame on that worker for not succeeding where you have.  Then again, you have a dual income family and no children. 

That's a significant financial advantage over the dual income family with child care and health care issues among other things.

Dow sinks 800 points as trade truce enthusiasm fades

https://www.cnn.com/2018/12/04/investing/stock-market-today-dow-jones/index.html

Wall Street's enthusiasm for the US-China trade truce has completely vanished.



because Trump's earlier comments were 100% bullchit.

That damn Obama.  He was doing so well until now.  LOL

So they ARE betting on Trump.

So did I.  Every major financial move I made he approved of.

It's another good buying opportunity.  Just like the one I posted two weeks ago.  I put another $105,000 in the market today.

then you are a speculator and not an investor.

that's gambling, and betting on Trump is a big mistake.

Nope.  I am a buy and hold guy, who takes advantage of market weakness to add to my position.  I am a long term investor.  I have been fully invested since 2003.


It's gambling to NOT be in the market.  I don't gamble.  I take the house advantage.

Just like trump can pretend to be a tough guy when he panders to his redneck audience, diaper dan can pretend to a wealthy investor on the internet.  both of them are lying blowhards. 

poor achoragedan...the Truth and daniel rarely share the same stage.

Thanks.


Or I can be an investor with $2 million in the stock market.


Nope.

Wrong, johniel.  You should fire your stool pigeon.

  U.S. stocks suffered a steep drop at the start of trading Thursday as jittery investors react to the arrest of a top Chinese tech executive and monitor a key OPEC meeting amid a continuing swoon in oil prices.  
  Investors hoping for stability after the Dow Jones Industrial Average's nearly 800-point fall on Tuesday, instead saw the blue chip average retreat another 500 points, or 2 percent, in early trading.  
 
 
  DJIA - down 371 points,  S & P  35.71 points at 9:50 EST  
 
 
 
 

Will The DOW pass 24,000 today? 

The sell-off started with a mysterious plunge overnight that caused the exchange to halt futures

https://www.cnbc.com/2018/12/06/the-stock-selloff-started-with-a-mysterious-fall-in-the-futures.html

“Our equity index futures and options markets paused intermittently following this evening’s open due to volatility, which triggered more than 40 Velocity Logic events in the first six minutes of trading. All markets operated as designed throughout.”

Speculation for the swell in volume and plunge in futures included the news of the arrest of the CFO of the Chinese telecom company Huawei. The arrest was made by the Canadian authorities on the extradition request by the U.S., a move that some worried could put trade negotiations between Beijing and Washington at risk.

“After we saw this Huawei news hit, it seemingly (and inordinately) contributed to an almost impossible 65 handle drop in Spooz (S&P futures) on the overnight reopen, with 36,700 contracts trading in the first 10 minutes,” said a note from the Nomura Securities trading desk.

But traders also speculated that the selling could be attributed to a large fund or funds liquidating a position.

“It feels to me that hedge fund redemptions are in full swing and equity investors were too complacent for years,” wrote Tom di Galoma, managing director at Seaport Global Holdings. “They are finding out what reality looks like which means stock prices go up slowly and go down hard.”




all technical factors that anchoragedan is totally ignorant of.


as of 1:17 pm EST - DJIA - Down 469  S&P - Down 40.43

Go ahead and buy Dan. I'm not panicking. I'm leaving things alone. People a lot smarter than you and I are bracing for a recession. I don't know if that will happen, but I'm not going to bet against it with Trump creating volatility.. Yes the Dow has passed 24,000. If I remember correctly, it passed it several times, up and down.

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I did.  The market successfully tested the bottom, meaning there is very little chance it will dip more than 2%, but high likelihood it will gain more than 10%.


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Good job!

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LOL!  No, the smart people are not forecasting a recession.  That's absurd.  The fundamentals are too strong.

We shall see. Good luck.

diaper dan is about as much a clue about the economy in general and the stock market specifically as he does about the Fifth Amendment, when he kept saying a Trump appointed Judge was wrong to reverse the ban on CNN's Acosta because of his Fifth Amendment rights of due process.  In fact, I am not sure Diaper Dan has ever shown he has a clue about anything. 

1994   670
 
The 50 years of DEMOCRAT controlled Congress to this point is what has destroyed this country, it takes time to undo the anti-America policies of the Democrats.

The way things are going, you better get used to the idea of another 50 years of Democratic control.

BTW, I think it was only 40.

why does even a stupid shit clown like baretta believes this country is ruined?  is there some law from preventing him for catching the next flight out?

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There, I fixed it for ya, diaper loser hoosier.  I am right.  You are wrong.

Looks like the DOW is still searching for the bottom. I hope it is found soon. I'm not too confident the bottom had been found yet.

I pulled out before the Bush recession and got back in when Obama was elected. Both good decisions. I'm staying in this time.  I hope it is the right decision.

let's see where the stock market is....


Closing S & P 500 Index

- Friday 12/14/18  =  2599.95   (down 2% since anchoragedan's bold statement)

- Tuesday 11/27/18  = 2682.17

- Friday  12/15/17   =  2675.81

https://www.google.com/search?q=s+%26+p+500+chart&rlz=1C1GCEA_enUS775US775&oq=S+%26+p+&aqs=chrome.2.0j69i57j0l4.6391j0j8&sourceid=chrome&ie=UTF-8

Yep.  We're about to have quite a nice bull market rally.

With SOBamaCare nearing it's last breath, it's time to buy Health Insurance stocks!!!

They should be taking off very soon.

(http://www.aesopsretreat.com/forum/Smileys/classic/hattip.gif)

With the ACA, and the money it put into the health care field...health care jobs have been the strongest growth industries the last 9 years.



The only "bull" is what you post on a regular basis.

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Closing S & P 500 Index

- Friday 12/14/18  =  2599.95   (down 2% since anchoragedan's bold statement)

- Tuesday 11/27/18  = 2682.17

- Friday  12/15/17   =  2675.81

S&P at 2545.94 at the moment... 12/17/18

U.S. stocks fall again; S&P 500 hits 14-month low as tech, health care drop (https://www.chicagotribune.com/business/ct-biz-stock-market-falls-again-20181217-story.html#nt=oft02a-2li3)


yes investors...the S & P 500 index at    [COLOR=#NaN0000]2,545.94 [/COLOR]is now down 5% since anchoragedan's snarky post question.




and  zsq987 should note that most of today's negative action is a direct result of the market's reaction to a conservative Texas federal judge, who ruled against the Affordable Care Act.

It wasn't snarky at all.  I was just exposing the liberals'' hypocrisy of only talking about the stock market on down days, never on up days.

I posted my question when the market had rallied.  5% down from that high in one month is hardly worth mentioning, john.


LOL!  If anything the market should rally based on that positive news for businesses and individuals.

The market has dropped considerably, at least twice since Dan recently declared it had successfully tested the bottom and was ready to continue Obama's bull market. Dan's knowledge of the market has been tested and found wanting.

but how can someone who even changes the quotes of people he is claiming to be quoting in his dumbshit replies be so full o' shit and dishonest? 

dan is a pathological liar.  he has about as much money tied up in the stock market, and about as much expertise about the stock market, as racist clowns zsq-wavy-11191. 

Since anchoragedan's original snarky comment, the market is down another 4.1%.

Someone with $100,000 in the market has lost $4,100 since that original post. 

Good thing daniel isn't a professional wealth management adviser, eh? (http://www.aesopsretreat.com/forum/Smileys/classic/kiss.gif)


Market Summary > S&P 500 Index  >  INDEXSP: .INX
2,505.76 −40.40 (1.59%)
Dec 19, 3:46 PM EST

Dow sinks below 23,000


Nasdaq flirts with a bear market


Oil in free fall

https://www.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html

The latest wave of selling shows how worried investors have become about the eventual demise of the economic expansion. Those jitters were exacerbated by concerns that the Federal Reserve is making a mistake by continuing to raise interest rates.

"Equity markets are quickly approaching the capitulation phase after having broken below critical support," Sam Stovall, chief investment strategist at CFRA Research, told CNN Business.

DOW right now: 14:00 hours

^DJI (https://finance.yahoo.com/quote/%5EDJI?p=^DJI)

22,844.45

-479.21

-2.05%

when diaper dan first bragged about a soaring stock market as if that is the best economic indicator in the first place, the Dow closed at 24,748. it is now at 22,924.....OOOPS! 

If Diaper Dan had enough sense to be embarrassed right now. 

and then there is this, for the few trump voters who can do simple math-

from obama's first day in office (actually, his 3rd, the first day there was a listing), to obama's last day in office (which is trump's first day- actually the 25th, the first day there was a listing)

8077.56 to 20068.51  an increase of 248%

trump's first day to today-

20068.51 to 22,924-  an increase of 13%

happy now?

Stocks plunge amid shutdown chaos in Washington

https://thehill.com/policy/finance/422314-stocks-sink-after-fed-hike-shutdown-chaos

Stocks plummeted Thursday as the federal government edged closer to a partial shutdown and traders braced for the impact of further Federal Reserve rate hikes.

The Dow Jones Industrial Average lost 464 points, or 2 percent, falling to a 14-month low, while the S&P 500 and Nasdaq Composite slid 1.8 percent and 1.6 percent, respectively.



hey, it's a good thing anchoragedan posted this original thread...so we can measure how miserably Trump has been managing the US economy.

Dan has grown eerily silent since reply #45. I wonder why.

Could be because someone with $100,000 in the market has lost $6,300 since that original post.   (http://www.aesopsretreat.com/forum/Smileys/classic/undecided.gif)

As do I.  My question wasn't snarky at all.

Liar.


So?



Why should I be embarrassed?   I stand by what I said.


Try election day.

Ended up at 22895!

Should be going down again tomorrow as Govt shuts down, and more Cabinet members quit.

That doesn't make sense.  Stocks plummeted when traders thought the shutdown was avoided.  They can't view BOTH events as bad for stocks.


You're welcome!


Was Trump responsible for the Fed raising rates?  Perhaps you're right.  He made the economy TOO GOOD to the point the Fed was worried about runaway economic growth.

I was out(http://www.aesopsretreat.com/forum/Smileys/classic/rolleyes.gif) cross country skiing.  You know … having a life. 

Actually, it was over $200,000 in addition to the $1.8 million I already had invested.  But I'm not worried.  A huge rally is coming according to our favorite investment Newsletter in Colorado.

Actually, there is a huge pull for an upswing.


People know that shutdowns do not hurt.  They are nothing burgers.

isn't it cute how diaper dan fantasizes about how rich he is?  why would a rich person "live" in Alaska?  if you call what Diaper Dan does "living."

If I were rich, Alaska is probably where I would live. I don't really know why Dan does. He doesn't seem to enjoy winter.

ummmm...Hawaii?  or Alaska?  tough call. 

another post, another lie from diaper dan-

quote author=Dan link=topic=270994.msg2305313#msg2305313 date=1545350132]
Actually, there is a huge pull for an upswing.

People know that shutdowns do not hurt. They are nothing burgers. (Government Shutdown Cost $24 Billion, Standard & Poor's Says ...
https://www.huffingtonpost.com/2013/.../government-shutdown-cost_n_4110818.htm...
Oct 16, 2013 - WASHINGTON — The government shutdown has taken at least $24 billion out of the United States economy, the financial ratings agency ...

S&P Says Government Shutdown Cost Economy $24 Billion | TIME.com
business.time.com/2013/10/.../sp-says-government-shutdown-cost-economy-24-billio...
Oct 16, 2013 - The ratings agency said more than two-week long government shutdown has cost the economy $24 billion — or $1.5 billion per day ...

Government Shutdown Cost $24 Billion, According to Standard ...
swampland.time.com/2013/.../heres-what-the-government-shutdown-cost-the-econom...
Oct 17, 2013 - billion. That's according to an estimate from Standard & Poor's. The financial services company said the shutdown, which ended with a deal late Wednesday ... Here's How Much The Government Shutdown Cost The Economy.

How much did the shutdown cost the economy? - The Washington Post
https://www.washingtonpost.com/.../how-much-did-the-shutdown-cost-the-economy/
Oct 18, 2013 - $24 billion in lost economic output, or 0.6 percent of projected annualized ... $2.1 billion in government costs for the fiscal 1996 shutdowns, calculated in ... As most politics junkies know, the government could soon shut down again if Congress ... S&P said in a statement Wednesday that the threat of new ...
[/quote]

Dow dives 400 points to end its worst week in 10 years

https://www.cnbc.com/2018/12/21/us-stocks-set-for-lower-week-after-fed-decision-government-shutdown-fears.html

Here’s a tally of the carnage:

- The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.

- The Nasdaq lost 8.3 percent on the week and is now 22 percent below its record reached in August, a bear market.

- The S&P 500 lost 7 percent for the week and is now down 17.8 percent from its record.

- The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.

- Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.


An individual with $100,000 in the market at the time of anchoragedan's original post has lost $8,800 since then.

like all the other stuff that dan comments on he's pretty clueless on the stock markets.

Tremendous buying opportunity!!!

Big $$$$$$$ to be made in 2019!!!

poor z...you don't have squat to invest.

had you any money invested, you've already lost money.

had you invested when anchoragedan made his snarky comment, you would be down over 8%.

sorry, I forgot to realize you failed grade school math.

Major stock indices broke below major support.  It's not looking good for the perma-bulls. 

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Isn't it cute how diaper loser hoosier shoes how jealous he is of me.


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Because I can!

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I cross country skied 31 miles this last week!  I'm loving this beautiful winter weather in God's country!


Whenever I need to warm up, I go down to my condo in Las Vegas.

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Not really.  Hawaii is way too remote and isolated.  Plus they have that idiot Mayzee whore-oh-no as their senator.

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That is true.  Diaper loser hoosier is lying.

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Bullshit!

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Actually, I had over $2 million invested.  Pay attention.  I am going to benefit tremendously.

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That shows how ignorant you are.  I am almost always right.

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Except that is not when I issued my buy recommendation, was it, john?

It's looking good for bulls now with rock bottom prices.  Time to buy!

Remember, Dan said it is time to buy!

Let's Mark It!  ;)

You betcha!  You can thank me later.  Remember, I told ya so!

it is pretty much a stock market law over 100 years that a long term buy and hold strategy is the way to go
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average in/close your eyes/and go away/sell when you need some money
but who can resist the emotional/psychological tug of trying to be smarter than the average bear   

I doubt that anyone with any substantial amount of money in the market or available to invest - not speculate - in the market would ever consider following anchoragedaniel's recommendations.

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You're wrong, johniel.  I am dispensing the sound advice that millions will follow.  I am not speculating.  The long term trend is upwards.


In your mind, you know I am right ... Especially if you are still subscribing to our favorite investment newsletter out of Littleton, Colorado.


Your Dan Derangement Syndrome just makes you look like an angry idiot.

Of course, one can ride out any drop in the market and recover if given enough time, often years.   When looking at the market from 2009 to today, the recent drop is not much.   There's a lot of air left under the market to get anywhere near the 2009 level.

true cc
younger investors can assume more risk...but you still need to be invested
as one ages out...like most of us on this geezer board
investors need to assume less risk...ie, more cash
cash is still an investment

well...I will fill in the closing sp 500 blanks
mon 12/24 Christmas eve...2351
that is 20.1% off 9/21 high of 2941

it has my attention

To paraphrase Alan Greenspan, there seems to be a lot of irrational pessimism going on.

Not so irrational considering the chaos coming from Pennsylvania avenue.

There is a no blood in the streets, yet.

you mention that kind of stuff a lot chuck.   is that kind of your wet dream?  to see American's killing each other.

It's from a famous market quote, vit.   Chill dude.  Go back to your Trump whining.  Merry Christmas!

but this blood in the streets and threats of violence from you is a constantly ongoing thing chuck.   it's like you wish to see Americans killing each other.   how come?

Trump once boasted of market gains, now tweets cause drops

https://apnews.com/5e7e9b9023a24e248cca9d772f675c3d


The year started with President Donald Trump promising big growth for stocks.

In January, he shared excitement over a "big day" on Wall Street. By June, the president was tweeting: "Stock Market up almost 40% since the Election." When the market hit a record high on Aug. 25, Trump tweeted, "Congratulations U.S.A.!"

And there was more excitement on Oct. 3: "The Stock Market just reached an All-Time High during my Administration for the 102nd Time, a presidential record, by far, for less than two years."

Now, as those gains are wiped away, the president is attacking the Federal Reserve for the stock market's woes — and those tweets are pushing share prices even lower.

On Monday, stocks slid an additional 2 to 3 percent after another Trump tweet-attack on the Fed and an effort by his Treasury secretary to calm investors' fears that only seemed to make matters worse.

The market is now on track for its worst year since 2008 and its worst December since 1931, during the depths of the Great Depression.

The market has been roiled for most of the month over concerns about a slowing global economy, the escalating trade dispute with China and another interest rate increase by the Federal Reserve.

The past two trading days, however, have been dominated by something else: major losses following tweets from the president criticizing Fed Chairman Jerome Powell and the central bank.

Trump's Monday morning tweet heightened fears about the economy being destabilized by a president who wants control over the Fed.

"The only problem our economy has is the Fed," the president tweeted. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch — he can't putt!"

Peter Conti-Brown, a financial historian at the Wharton School of the University of Pennsylvania, said: "We've never seen anything like this full-blown and full-frontal assault. This is a disaster for the Fed, a disaster for the president and a disaster for the economy."

Merry Christmas, vit!  Ya old mindless curmudgeon.

Evidence, please.

You mean chaos coming from the liberal media stations.  And yes, it is irrational.  The economic fundamentals are strong.  The panic selloff is unjustified.

There are fortunes to be made when their is blood in the streets … even when the blood is your own.

Sure, I may have lost $400,000 in the stock market in the last two months, but I will make that back and much more as I take advantage of these rock bottom prices~

The time to buy is when the perma-bulls stop calling the next lower low day a buying opportunity.

says the incredibly rich guy who LIVES IN ALASKA.  yeah, that's believable!! 

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I'm not a permanent bull, but this is definitely a buying opportunity.

LOL!  Hoosier thinks there are no rich people living in Alaska!  How ignorant can he get?

Funny how our favorite libs never want to talk about the stock market when it has a good day during a Republican administration.

12/26/2018



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+1,086.25
(4.98%)

to me...the volatility whiplash suggests more downside before things level out
that may not happen for awhile

like after 1/20/19 when the dem house majority takes over
and begins its unproductive pursuit of a trump impeachment

The market is still undervalued. It's still attractive for purchase.

undervalued?

buying opportunity?

again, referencing anchoragedan's original 11/21/18 post - the overall market is down >6%.

with that, has been an excessive amount of volatility and higher risk.

good for successful speculators.

the vast majority of financial advisers dislike the combination of volatility and higher risk for investors.

the vast majority of financial advisers had expected a traditional end of the year "Christmas Rally" that occurs 3 out of 4 years. 
doesn't look like that's going to happen, unless you get another two days like Wednesday.  most of the recent volatility has come on very low trading volumes.

the vast majority of financial advisers have moved up their anticipation of a recession from Summer 2020 to Spring 2020.
note:  not good for Trump.

throughout 2018, I reduced my risk and market exposure.  impending retirement does that for you.  I have been more than willing to take some of my Obama market gains of the table.  having some short term CDs and bonds come due this week and next.  similar ST fixed CD rates are up 40-60% from a year ago.  (thank you federal reserve) ST treasuries are up 30-40%. 

(http://www.aesopsretreat.com/forum/richedit/upload/2ka371b1be3f.jpg)

?[/FONT]

Yep

.[/FONT]


My original post was about the market rally.  I didn't recommend buying until AFTER the correction, liar.


[/HIGHLIGHT][/SIZE][/FONT]


As a result you missed the Trump gains.


[/HIGHLIGHT][/SIZE][/FONT]


You mean they are up about 1%.  They went from 2% to 3% (per year).  On Wednesday the equity market was up 5% in one day!  You're welcome, people who followed my recommendation.

John,

If you're looking for secure investment, the vanguard money market is yielding 2.41% and there's no minimum holding period.  You're welcome.

I prefer the Treasury Money Market  (slightly lower costs, similar returns lately)

https://investor.vanguard.com/mutual-funds/list?filterAllAssetClasses=false&filterMoneyMarket=true&filterFiftyThousandAndUp=true&filterLowCostInvestor=true#/mutual-funds/asset-class/month-end-returns


That still does not mitigate the facts that are in place since anchoragedan's 11/21/18 original post.

The overall market is down 10% this month - the worst December market performance since the Great Republican Depression of 1931.

It's a "buying opportunity" for those who were sitting things out all year and speculators.

What's your point?  You made posts on November 21st and before that even.  So?


Actually, John, I did NOT say the market was a buying opportunity in my original post on 11/21.  I said later on that it was a buying opportunity AFTER the market dropped.  let's get it right, OK?

poor anchoragedan.

you started this snarky thread - "stock market rally this week doesn't fit their liberal narrative."


since your post, the overall market is down 8%.  (the -10% market performance in December is the worst in 87 years)


That would counteract your snarky false premise. 


At that point in time (2649 S & P 500 Index on 11/21/18), the market was basically flat since the first of the year (2695 S & P 500 index on 1/2/18).


Anyone who looked at a YTD chart from 1/2 to 11/21 would see that there was a lot of volatility, but not the gains - let alone Trump/Republican Congress' pronouncement - of a continued robust stock market.  My two brothers act as day traders - betting on the ups and downs of individual day's market performance.  One makes a living at it and the other makes money on the side at his brokerage firm. 


The typical investor, using mutual funds, ETFs or 401k accounts, doesn't.  And neither do you.  Otherwise, you wouldn't have posted your original snarky comment.


So, I have no idea what you could have been claiming in the first place.  Your ignorance is precious.


FACT: The stock market has not gone up as a result of the big tax cuts Trump/Republican Congress gave them.


Trump/Republican Congress (and you?) promised significant market gains from that huge tax cut. 


Corporate executives didn't repatriate overseas money like was promised.


Market performance metrix do no lie, only a delusional partisan anchoragedan does.


https://www.google.com/search?q=s%26p+500+index&rlz=1C1GCEA_enUS775US775&oq=s%26&aqs=chrome.5.69i57j0l5.5165j0j7&sourceid=chrome&ie=UTF-8

https://www.google.com/search?source=hp&ei=2TAuXOCdC8m3ggeLl43gAg&q=djia&btnK=Google+Search&oq=djia&gs_l=psy-ab.3..35i39j0i131l5j0j0i131l2j0.1971.2707..3166...1.0..0.305.1099.0j2j2j1......0....1..gws-wiz.....6.SOjfChWMOIY (https://www.google.com/search?source=hp&ei=2TAuXOCdC8m3ggeLl43gAg&q=djia&btnK=Google+Search&oq=djia&gs_l=psy-ab.3..35i39j0i131l5j0j0i131l2j0.1971.2707..3166...1.0..0.305.1099.0j2j2j1......0....1..gws-wiz.....6.SOjfChWMOIY)

Down 568 at 10:56 AM.

Per Dan, the market is testing the bottom. only a little over 22,000 before it finds it.

It wasn't snarky.  I told you three times.


So?


So?


I told you it wasn't snarky
It is not a false premise
It did NOT counteract my true premise.
It is absolutely true the libs don't want to talk about the stock market on rally days.


So?


So?


So?


So?


I told you five times it wasn't snarky.


You're reading comprehension sucks.  My point was that libs don't want to talk about the stock market when it does well with a Republican president.  Weren't you listening???


And yet YOU are the one who admits you don't know what I said.


No I didn't.  I promised more economic growth.  And I was right.  The expectations of the huge tax cuts caused the market to rally much earlier.  You should know better.  Markets don't respond after the fact.  They respond in anticipation of future events.


Actually, they did.


Bingo!  But delusional partisan john does.

My issuance of my buy signal at S&P 500 level 2650 was premature.  The global slowdown and federal reserve indifference contributed to excessive investor fear.

I am changing my recommendation from "attractive for purchase" to "dollar cost average" on new investment money in the midst of this market volatility.  A special market recommendation could be forthcoming in the event volatility subsides.

Democrats keep praying to Lenin for the stock markets to go down, down, down!

Quite the opposite D2D. I am not the praying type, but I hope the stock market rises faster than it dropped. For the sake of my 401K and the 401K of all the other folks in this country. If you weren't such an imbecile you would stop trying to guess what others think or want. You're not good at it at all.

Does not look good for the market now that Democrats control the House, as I remember well the catastrophe downturn the last time they controlled the House.

 Of course you want the markets to fall as you view them as evil!

Your unreasoning hatred of President Trump and all who are productive compels you so!

You worship big and all intrusive government controlling every aspect of human life!


You vile capitalist pig! 

Now Democrats will hate you as 401ks are the tools of the evil capitalists!



Ah, back to the usual childish name calling!

I go by what you say!

Like I said, you are not very good at it.

Proving your greatest attribute is denial!

I am trying to be nice here, and leave it at the FACT that you aren't good at sussing what others believe or think.

Stick to what you are fair at and try to stay within the lines and not eat the crayons.

Proving your greatest attribute is denial!

You poor poor child. I have empathy for you in your obvious abnormal mental condition. I truly hope you seek help.

Proving your greatest attribute is denial!

A classic sign of mental illness... obsessive repeating of an action, (Posting the same sentence or paragraph.). It is sad... (http://www.aesopsretreat.com/forum/Smileys/sarcasmics/cry.gif)

Proving your greatest attribute is denial!

Your greatest ability is to repeat the same post like a paranoid schizophrenic. Not much intelligence shown, but then if you had enough IQ to do better you wouldn't be a right winger.

Proving your greatest attribute is denial!

Hey jackass that was posted on 11/27/2018 not today!

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For the sixth time, I told you it wasn't snarky.

[/HIGHLIGHT][/HIGHLIGHT][/FONT]


So?

[/HIGHLIGHT][/FONT]


So?  It is down since your post too.
[/HIGHLIGHT][/FONT]


Not snarky (7th time).
Not a false premise.


What are you trying to say, john?

What?  No posts about the stock market from the libs today?

^DJI     23,435.67    +749.45   3.30%
^GSPC   2,529.03     +81.14   3.31%
^IXIC     6,728.89   +265.38   4.11%

so, today's +700 DJIA market has recovered yesterday's -680 DJIA.

still leaves you -8% overall since your original snarky - as accurately defined - comment.

Really good situation if one is a speculator and have speculated correctly.

Brother Bob day trades and can afford the transaction costs and ST capital gains. 

anchoragedan does not exhibit the key analytical skills to be a speculator.

so, today's +700 DJIA market has recovered yesterday's -680 DJIA.[/FONT]

still leaves you -8% overall since your original snarky - as accurately defined - comment.

Actually, for the 8th time I told you, it wasn't snarky.  You don't read too good, so you? So what it's down 8% from the late November bull market rally?


anchoragedan does not exhibit the key analytical skills to be a speculator.


I never claimed or had any desires to be a speculator.  But that doesn't mean I can't acquire the skills to be one.  It requires more research than I am willing to do.  So I am just content to take the house advantage, which outperforms 90% of individual funds.

My original post was still correct.  Libs don't want to talk about the stock market in good days if a Republican is president.

I did in another post Dan. It is good news that the DOW made up yesterday's loss. I hope it continues and makes up for December's losses.

Which one?

Libs really don't like talking about great news under Trump.

WASHINGTON (AP) — U.S. employers went on a hiring spree in December, adding a surprising 312,000 jobs and providing a dose of reassurance about the economy after a turbulent few months on Wall Street.
   
The job gains reported Friday by the Labor Department came despite a trade war with China, a global slowdown and a partial government shutdown now entering its third week.
   
The nation’s unemployment rate rose slightly to 3.9 percent last month, but that, too, was considered a positive sign, reflecting an increase in Americans beginning to look for work. And average hourly pay improved 3.2 percent from a year ago.
   
Stocks surged on the news, along with word that the U.S. and China will hold trade talks next week and comments from Federal Reserve Chairman Jerome Powell that the Fed will be flexible in judging whether to raise interest rates further. The Dow Jones industrial average shot up 747 points, or 3.3 percent.
   
President Donald Trump called the job growth “GREAT” on Twitter.
   
The torrid hiring in December far outstripped the 180,000 jobs investors had been anticipating and could help ease fears that the economy’s expansion — now in the middle of its 10th year — may be coming to an end.

https://apnews.com/f3925762c6f845dfab936b45c28b4176 (https://apnews.com/f3925762c6f845dfab936b45c28b4176)

---

U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global growth and a partial shutdown of the federal government.
The Labor Department said Friday that the unemployment rate rose slightly to 3.9 percent, but that reflected a surge in jobseekers— a positive for growth.
Average hourly pay improved 3.2 percent from a year ago, up from average wage growth of 2.7 percent at the end of 2017.
The jolt in hiring offers a dose of reassurance after a tumultuous few months as the outlook from the financial markets has turned decidedly bleaker. Job growth at this pace is a sign that the economy will continue to expand for a 10th straight year, even if overall growth slows somewhat because of the waning stimulus from President Donald Trump's tax cuts.
"The labor market is very strong even though the economy appears to be slowing," said Eric Winograd, senior U.S. economist at the investment management firm AllianceBernstein. "Those two things cannot coexist for very long. Either weakening demand will lead firms to dial back the pace of hiring or the robust pace of hiring will lead firms to ramp back up production."
Stocks jumped Friday in response to the jobs figures. The Dow Jones industrial average climbed roughly 450 points in morning trading, an increase of about 2 percent.

https://abcnews.go.com/Business/wireStory/us-employers-added-stellar-312000-jobs-december-60157062 (https://abcnews.go.com/Business/wireStory/us-employers-added-stellar-312000-jobs-december-60157062)

Amid concerns about trade with China and rollercoaster stock markets, the final employment report of 2018 counts as good news.
   
    The Labor Department's Bureau of Labor Statistics said on Friday the economy added an impressivve 312,000 jobs in December, which was a month of strong retail sales; and the nation's unemployment rate increased two-tenths of a point to 3.9 percent, which is still an 18-year low.
   
    The number of employed Americans has now set a 14th record under Trump:
   
    When Trump became president in January 2017, 152,076,000 Americans were employed. Last month, that number grew to a record 156,945,000, a gain of 4,869,000 in two years.At the same time, the number of unemployed Americans increased by 276,000 last month, to 6,294,000, as more people were actively looking for work but had not found a job.
   

   In another positive sign, the labor force participation rate increased two-tenths of a point to 63.1 percent, the highest it's been since Trump took office.


https://www.cnsnews.com/news/article/susan-jones/156945000-2018-ends-record-employment-participation-rate-hits-trump-era (https://www.cnsnews.com/news/article/susan-jones/156945000-2018-ends-record-employment-participation-rate-hits-trump-era)

---

The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997.
A priority for President Donald Trump, manufacturing saw marked hiring in December with an additional 32,000 jobs. Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release. The definition of durable goods is items with a life expectancy of three years or more, such as automobiles, furniture and machinery.
Manufacturing added 207,000 jobs in 2017.

https://www.cnbc.com/2019/01/04/manufacturing-posts-best-calendar-year-for-job-gains-since-1997.html (https://www.cnbc.com/2019/01/04/manufacturing-posts-best-calendar-year-for-job-gains-since-1997.html)

---

Hispanic-Latino employment statistics for December 2018:
· Unemployment rate: 4.4%, down from 4.5% in November
· Civilian Noninstitutionalized Population (16+ years old): 43,234,000 up from 43,146,000 in November
· Number Participating in Labor Force: 29,963,000, up from 28,820,000 in November
· Labor Force Participation: 67.0%, up from 66.8% in November
· Number Employed: 27,701,000, up from 27,524,000 in November

· Number Unemployed: 1,261,000, down from 1,296,000 in November

https://www.cnsnews.com/blog/craig-bannister/hispanic-unemployment-rate-hits-record-low-december (https://www.cnsnews.com/blog/craig-bannister/hispanic-unemployment-rate-hits-record-low-december)

Stocks rallied on Friday after two positive pieces of news for the market.
At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December (https://www.cnbc.com/2019/01/04/nonfarm-payrolls-december-2018.html). That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future.
The Dow Jones Industrial Average (https://www.cnbc.com/quotes/?symbol=.DJI) closed 746.94 points higher at 23,433.16, or 3.3 percent, and briefly rose more than 800 points. The S&P 500 (https://www.cnbc.com/quotes/?symbol=.SPX) rallied 3.4 percent to 2,531.94, with the tech sector gaining more than 4 percent. The Nasdaq Composite (https://www.cnbc.com/quotes/?symbol=.IXIC) climbed 4.26 percent to 6,738.86. This was a rebound from Thursday’s plunge, which was triggered by a massive drop in Apple’s stock.
Stocks took off after Powell hinted the central bank could pause its rate hikes, something this beaten-down market was waiting for. “As always, there is no preset path for policy (https://www.cnbc.com/2019/01/04/powell-says-fed-will-be-patient-with-monetary-policy-as-they-watch-how-economy-does.html), ” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”

https://www.cnbc.com/2019/01/04/stock-market-investors-react-to-us-china-trade-talks.html (https://www.cnbc.com/2019/01/04/stock-market-investors-react-to-us-china-trade-talks.html)

Not so Dan. I did in this post and another one.

Under Obama GDP growth has averaged just 1.46% per year! (2009-2016)

Under Bush GDP growth has averaged 2.19% per year!  (2001-2008)

Under President Trump through the third quarter of 2018 GDP growth has averaged 2.81% per year!

http://useconomy.about.com/od/GDP-by-Year/a/US-GDP-History.htm

A difference of 0.73% per year!

Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump.

And I asked 'which one?' but you never answered.

Trump's politics CAUSED it!

Do your own homework. It was within a couple hours of your post.

Bs lies again!

Had he done so he would have no problem linking to it!

[/FONT]


I don't believe you.  I stand by my statement until you can demonstrate otherwise.

Wvit, like most if not all Democrats, demands you provide proof of his claims for him!

Democrats are very intellectually lazy people!

No libs talking about the stock market today.  Hmmm, it must be an up day.

Am I right am I right?

Up nearly 230 at 3:00 EST. That's slightly better than a poke in the eye with a sharp stick.

have we got back the losses from last year yet dan?

no comment dan?

[/FONT]


Yes.  Up over 8% since Christmas.

Trump Wants Trade Deal With China to Boost Stock Market

https://www.bloomberg.com/news/articles/2019-01-08/trump-said-to-want-trade-deal-with-china-to-boost-stock-market

Inside the White House, some key economic advisers are campaigning for a quick resolution to the trade conflict to help soothe battered markets. The S&P 500 Index has fallen about 8 percent since Trump and Chinese President Xi Jinping agreed on a 90-day truce at a Dec. 1 meeting in Argentina.

my comment is that Christmas was only a few weeks ago dan, it's not the past year.   it's funny to see how dishonest dan tries to be.

Christmas WAS last year,vwvit.  What are you talking about?

The market is up 8% since then.

Notice how dishonest wvi t is.

Democrats are opposed to China ending tariffs on American goods and ending the theft of intellectual property!

Democrats want America to return to being the world's doormat!

Another up day ... Another day without a comment from a lib.

have we recovered from last years losses dan?   We were still about 1000 in the hole.   We started off 2018 at around 24,700, we are now at 23,800.

dan, do you think all that influx of money that trump is borrowing that's raising the national debt is starting to hurt the economy?

S & P 500 Index on 1/9/2018 = 2751.29

S & P 500 Index on 1/9/2019 = 2582.34

a 4th grader would tell wall street dan that that was a 6.1% decline in the stock market over the past year - post Trump/Republican Tax Cut for the Rich


there are those who say...anchoragedan is not smarter than a 4th grader.

The S & P 500 was at 2682.56 at the close on the day of anchoragedan's original snarky post.

That's a 3.6% decline in the market since anchoragedan's original snarky post.

DOW

          (https://go.microsoft.com/fwlink/?LinkID=286759)
23,879.12
▲
+91.67
+0.39%

      

Jw2 cannot tolerate any market fluctuation and cannot accept an up market because it isn't up enough for him!

poor d2d...you popr ignorant fool.

I was raised in the financial markets of Chicago - Futures at the Board of Trade, and once managed dad's seat on the Chicago Stock Exchange.

I was only an order taker, but exposed to the criteria that makes the market work - and the weird ways it reacts to stupid sh*t - like Trump.

I made my first stock purchases over 40 years ago...opened my first IRA in the '80's ad have milked every 401k match for every penny.

the key, as anchoragedan may confirm is:  save and live below your means to accumulate.

there are those who say...you have zero position in the equities market.  what the f*ck do you know?  You can't even wipe your own azz.

my ultimate financial goal in life is to afford to live to 100 ( and still be able to wipe my own azz)

The Fed always raises interest rates during Republican administrations!

Those increases have nothing to do with the economy and everything to do with politics!

[/HIGHLIGHT][/SIZE][/FONT]



Yep, still up 10% since Christmas when you asked me that yesterday.


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So?

[/FONT]


Yes.  But you think it helps the economy.

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So?


[/HIGHLIGHT][/SIZE][/FONT]


... and the poor ... and the middle class.


You do know that the stock market is a LEADING economic indicator, right, john?  The stock market already rallied in anticipation of the tax cuts for EVERYONE.  Or do you need to have a fourth grader explain it to you?

[/FONT]


Only ignorant assholes say that.

Jw2 name and link to one instance when the Fed lowered interest rates during a Republican administration!

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I told you it wasn't snarky for the 9th time.  Pay attention.  So?  What is so surprising about the market being down after a strong rally?

[/HIGHLIGHT][/SIZE][/FONT]


For the 10th time ...  Oh, forget it.

[/FONT]
[/SIZE][/HIGHLIGHT]
Umm, no.  The DOW closed down only 0.44% from it's intra day high.  Not 10.  You must think we're idiots.

[/HIGHLIGHT][/SIZE][/FONT]


Right, because you are a loser.

[/HIGHLIGHT][/SIZE][/FONT]



I was raised by my parents.

See?  That is what you call 'snarky'.

[/FONT]


They lowered it 50 basis points the day the markets reopened after the 9/11 attacks when Bush was president.

The DOW is still down more than 3000 points since October 3, 2018.

Over the last 20 years, ending 12/31/18, the nominal compound annual growth rate (CAGR) of the S & P 500 has bee 5.52%.

That's the worst compound returns since the Great Republican Depression.

The average trailing 20-year market CAGR since 1928 is 10.7%.

Blame the two negative -35%+ bear markets since 2000.

That's the result of  two Republican depressions and two Republican tax cuts for the wealthy.

 https://www.thebalance.com/u-s-stock-bear-markets-and-their-subsequent-recoveries-2388520

[/FONT]


So?

Bill Clinton was president when the market crashed in March of 2000.  That was the dot com bubble burst.  It wasn't because Clinton it taxes for the rich.

The crash of 2008 was not because of the 2001 tax cuts for everybody.

The market didn't crash after Reagan's tax cuts for everybody.

Markets don't crash after tax cuts.  They crash after tax increases!

The great Democrat depression didn't occur until FDR was president.  Before that it was just a recession.  But trade tariffs and tax increases exacerbated the recession and created a prolonged depression.  That was on FDR.

Democrats idiotically believe you will invest more in the economy if the government takes more of what you earn!

dan...you don't do your credibility describing the 29 crash/depression to fdr

hoover caught the card...and was probably not responsibe
it was the culmination of several repub laissez faire administrations during the 20's 

Actually it was Smoot/Hawley that initiated a trade war resulting in the crash!

However, FDR exacerbated the crisis by blaming the productive, increasing taxes thereby stripping the economy of even more cash, increasing regulation diverting much needed investment capital to regulatory compliance and failing to end the Smoot/Hawley tariff act!

Under Republicans until that time any recession/depression only lasted 3 years!

Democrats continue to break records for prolonging recessions and depressions!

Remember government works best when it governs least!

Blues,

You don't do your own credibility too well by not recognizing the fact that FDR's policies made the recession worse and prolonged the suffering.

Yes, the recession started under Hoover, but FDR made it worse.


Actually, the Laissez-Faire policies resulted in a booming economy.  Limited government interference, low taxes, etc.  The recession was caused by liberal policies of Hoover and FDR, most notably the Smoot-Hawley Act.

(http://www.aesopsretreat.com/forum/richedit/upload/2k464de0d314.png)

Obama never came close!

DOW on January 20, 2009 aka Obama's inaugeration - - - - - -     7,949.09
DOW on January 20, 2017 aka President Trump's inaugeration - 19,827.25
Total gains under obama..............................................................11,878.16
Divided by 8 years for an average gain of 1,484.77 per year!

DOW on january 20, 2017 aka President Trump's inaugeration - 19,827.25
DOW on January 10, 2019 aka President Trump's 2 year mark -  24,001.92
Total gains under President Trump..............................................4,174.67
Divided by 2 years for an average gain of 2,087.34 per year!


Remember, we still have six more business days for the DOW to go further up!

it was not just a booming economy
it was an overvalued stock market speculative bubble
that came crashing down
when there were no more buyers at sky high p/e ratios

like the 2008 real estate bubble...also a repub engineered speculation   

Actually, it was Democrats who engineered the real estate bubble by accusing banks who refused loans to unqualified loan applicants of being racist!

They actually held sit-ins and threatened lawsuits!

That in combination with Clinton era lending laws that forced banks to make questionable loans!

This is a ridiculously old discussion I have had many times with many Democrats who insist reality isn't real!

quote author=Dan link=topic=270994.msg2313904#msg2313904 date=1547154871]
The great Democrat depression didn't occur until FDR was president.  Before that it was just a recession.  But trade tariffs and tax increases exacerbated the recession and created a prolonged depression.  That was on FDR.
[/quote]

an incredibly lying post from the board's second biggest incredible liar, Diaper Dan...(DVD is first)

This is the official start of the Great Depression, dumbass liar, Black Friday-  October 29th, 1929.  FDR did not become president until more than 3 years later, on March 5, 1933.  dumbass liar.  and the republicans held solid control of the white house and congress for 12 years before FDR took office and fixed their mess.  and defeated two of the world's major military forces, at the same time, in less than 4 years...and you are trying to blame the best president in our history?

all of bluespower's comments are right on.  all of dvd's are cherry picked stats that do not accurately show the difference in job creation under Obama and Trump.  Obama started right smack dab in the middle of the second worst recession in OUR HISTORY....the stock market had lost about half its value during Bush's last year and was dropping like a rock when Obama took over with massive unemployment, bank failures, wall street investment firm failures, no credit, no construction, a 1.4 trillion dollar deficit AND STUCK IN TWO SENSELESS WARS....Trump started in the economic boomtimes of Obama.  job growth breaking records for consecutive months, unemployment less than half of what it was at the height of the Bush Recession, all trump had to do was not get in the way....

Take it up with DVD instead of polluting this thread with your nonsense!


http://www.aesopsretreat.com/forum/index.php?action=profile;u=1743

---

Actually it was Smoot/Hawley that initiated a trade war resulting in the crash!

However, FDR exacerbated the crisis by blaming the productive, increasing taxes thereby stripping the economy of even more cash, increasing regulation diverting much needed investment capital to regulatory compliance and failing to end the Smoot/Hawley tariff act!

Under Republicans until that time any recession/depression only lasted 3 years!

Democrats continue to break records for prolonging recessions and depressions!

Remember government works best when it governs least!

---

Actually, it was Democrats who engineered the real estate bubble by accusing banks who refused loans to unqualified loan applicants of being racist!

They actually held sit-ins and threatened lawsuits!

That in combination with Clinton era lending laws that forced banks to make questionable loans!

This is a ridiculously old discussion I have had many times with many Democrats who insist reality isn't real!

bullshit.  where do you get that revisionist history from, dickhead? Smoot Hardley was a part of the problem, but it was passed by repubs in 1930, stupid.

The Tariff Act of 1930, commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was an Act implementing protectionist trade policies sponsored by Senator Reed Smoot and Representative Willis C. Hawley and was signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods. Wikipedia

Oscar nothing you posted refutes a word of what I said!

What does that have to do with the Depression, that lasted for 11 years afterwards?

Nope.  I am absolutely right, and the board's most disgusting member (DLH) is wrong.

Actually it is correct.  Try doing some research, DLH.

It must be another up day in the markets.  No comments from libs.

DOW on January 20, 2009 aka Obama's inaugeration - - - - - -  7,949.09
DOW on January 20, 2017 aka President Trump's inaugeration - 19,827.25
Total gains under obama......................................11,878.16
Divided by 8 years for an average gain of 1,484.77 per year!

DOW on january 20, 2017 aka President Trump's inaugeration - 19,827.25
DOW on January 15, 2019 aka President Trump's <2 year mark - 24,065.59
Total gains under President Trump.............................4,238.34
Divided by 2 years for an average gain of 2,119.17 per year!

Keeps getting better and better!

Another up day on the stock market … another day without a comment on it from the libs.

DOW on January 20, 2009 aka Obama's inauguration - - - - - -  7,949.09
DOW on January 20, 2017 aka President Trump's inauguration - 19,827.25
Total gains under Obama......................................11,878.16
Divided by 8 years for an average gain of 1,484.77 per year!

DOW on January 20, 2017 aka President Trump's inauguration - 19,827.25
DOW on January 16, 2019 aka President Trump's <2 year mark - 24,207.16
Total gains under President Trump.............................4,379.91
Divided by 2 years for an average gain of 2,189.96 per year!