just chiming in the dow is up 275 today right now
Oh wait that's right one day on the stock market is pretty meaningless
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12-19-2018, 10:03 AM #121
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12-19-2018, 11:15 AM #122
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12-19-2018, 11:20 AM #123
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12-19-2018, 11:20 AM #124
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which is why you look at metrics like 50/200 day moving averages....which are not looking very good:
why that matters? read this: https://www.marketwatch.com/story/th...ket-2018-12-17
cliff notes - when the 50 day moving average crosses the 200 day to the downside, it's called the "death cross"It's hard to win an argument with a smart person. It's damn near impossible to win an argument with a stupid person. - Bill Murray
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12-19-2018, 11:30 AM #125
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12-19-2018, 11:37 AM #126
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12-19-2018, 12:17 PM #127
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12-19-2018, 12:22 PM #128
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12-19-2018, 12:24 PM #129
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Again you've stupendously missed the point completely.
I'm trying to point out that looking at a snapshot of the dow or how it performed on a single day is stupid. Both you and Iceman appear to have completely missed the tongue in cheek of my post, even though in the second line I right-out said it.**Georgia Crew**
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12-19-2018, 12:26 PM #130
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12-19-2018, 12:42 PM #131
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That's the tongue in cheek bit that I was stating you didn't comprehend, thanks for reinforcing my point.
Let me dumb it down. talking about the market's day to day performance is not useful. Yet here we are in a thread with a title doing just that. So I made a post in which the first line I did just what you did, then in the second line pointed out how meaningless it is. Case in point as it has swung like 500 points in a couple hours since my post.
In fewer words, the point of this thread is dumb. And even when I straight up say it you can't seem to grasp what I'm saying.**Georgia Crew**
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12-19-2018, 12:44 PM #132
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12-19-2018, 12:45 PM #133
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12-19-2018, 12:49 PM #134
You're such a gullible dumbass. The dow was up over 300pts prior to the fed announcing it would hike rates. Within 5 minutes after announcing interest rate hikes, the dow went 300pts in the red (a 600pt swing). This is about the fed trying to cause a recession. Nothing to do with a trade war you idiot.
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12-19-2018, 12:49 PM #135
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12-19-2018, 12:52 PM #136
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12-19-2018, 12:54 PM #137
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12-19-2018, 12:54 PM #138MIKE TYSON: "When you see me smash somebody's skull, you'll enjoy it."
"I try to catch him right on the tip of the nose, because I try to push the bone into the brain."
"It's ludicrous these mortals even attempt to enter my realm."
"I can sell out Madison Square Garden masturbating"
"I'll f**k you till you love me f**got!"
"I just want to conquer people and their souls"
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12-19-2018, 12:55 PM #139
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The fun of the tongue in cheek was that it was in contradiction to what you had said.
You want an answer to what, why we're having one of the worst decembers? Surely it's Trump's fault, and not an amalgamation of complex factors largely out of his control, like the recovery from the '08 recession lasting too long, feds hiking rates, and other powerful nations' markets also negatively affecting the global market.
So what’s going on? There’s never any one reason why markets move or investors suddenly become extra fearful or optimistic. What’s happening now is that a confluence of factors are causing anxiety on Wall Street, and it’s starting to look like the post-crisis party might be coming to an end.
To put it short, we're having a terrible december, which makes complete sense to people who know more about it than you or me.**Georgia Crew**
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12-19-2018, 01:00 PM #140
Trump deserves credit for the post election bump we saw in the stockmarket. That is indisputable. And exuberance in the stockmarket did surge primarily because of his pro growth policies.
Remember the stockmarket is a predictor of future growth. The stockmarket is saying that these rate hikes are going to be bad for the economy. And they're right. That is what has rocked the markets most.
I'm not proposing the interest rate hikes are bad over the long term. You have to have them to deal with inflation. But it's too much too soon. For the last 10 years we've been mostly at near zero interest rates. These rate hikes will cause a recession. And it wont be pretty.EMT/Firefighter Crew
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12-19-2018, 01:02 PM #141
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12-19-2018, 01:08 PM #142
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What happens when there is a recession and the Fed is already at zero or near zero rates?
We were over 5% at the start of 2008... now we are at 2.25-2.5 and we are past due for another recession...
I get this is fast, but I really don't know what you are expecting them to do...Finance Degree - USAF INTEL - IIFYM - Injured Crew - KTM XCW300 - Single Track Trail Rider - NRA Supporter - Shunned from MFC - Libertarian - Pragmatist
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12-19-2018, 01:08 PM #143
First off, LMAO that a dip**** like you has the coconuts to call anyone a dumbass. Secondly, that has been the case for China. Not the US. You are confusing your countries.
Thirdly, go back and look at every interest rate hike we've had this year and you will find the stockmarket did not like it and reacted negatively to the news. This market has been bearish on interest rate hikes, not a trade war with china. Dumbass.EMT/Firefighter Crew
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12-19-2018, 01:10 PM #144
Get rid of the fed and go back to being a free market capitalist country. The fed causes the boom/bust cycles.
I know that's not reasonable without a massive massive MASSIVE correction. So it will never happen. But I would say that after nearly 8 years at zero %, we are going too fast too soon.
I actually think "the sky is falling" peter schiff is right. We are headed towards a very nasty recession. And it will be because the economy is not strong enough for the rapid rate of incline we are seeing from the fed.EMT/Firefighter Crew
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12-19-2018, 01:19 PM #145MIKE TYSON: "When you see me smash somebody's skull, you'll enjoy it."
"I try to catch him right on the tip of the nose, because I try to push the bone into the brain."
"It's ludicrous these mortals even attempt to enter my realm."
"I can sell out Madison Square Garden masturbating"
"I'll f**k you till you love me f**got!"
"I just want to conquer people and their souls"
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12-19-2018, 01:20 PM #146
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No it doesn't... There were booms and busts way before the fed was ever dreamed up...
This doesn't mean that the fed couldn't cause a crash. However, if you study financial history cycles you will see booms and busts continually. The Fed smooths out the highs and lows. There is something to be said about ripping off the bandaid, but increased variability requires increased compensation.
There are negatives with the Fed, but there also were negatives with the prior systems. There is a reason basically every economy in the world has a Fed reserve system.
Come on son... I know you dislike Trump, but to ignore everything that is going on to come to the conclusion that this is a result of "trade war" is just sticking your head up your ass. The tarrifs would slow down the market sure, but pretending all time highs were just going to continue for ever is going full retard.Finance Degree - USAF INTEL - IIFYM - Injured Crew - KTM XCW300 - Single Track Trail Rider - NRA Supporter - Shunned from MFC - Libertarian - Pragmatist
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12-19-2018, 01:28 PM #147
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The fed raised the rates in 2017 because the economy was chugging along. The S&P gained 19% in 2017. Meanwhile 2018 has been extremely volatile and nothing like 2017, yet the fed still went with the 3 rate hikes that were planned the year before... AND another unplanned one.
And if you look at market performance following the tarrifs, the best part of the year was without a doubt the several months following their implementation. We were at break even on the year in July when the tariffs hit, and gained nearly 9% in three months after they went into effect.
On the other hand, there has been immediate and overwhelmingly negative responses to 3 of the 4 rate hikes this year
9/26 rate hike, -7% in the two weeks following
11/8 rate hike, -6% in the two weeks following
12/19 rate hike, -1.5% in less than a day so far
So what evidence do you have that it is a result of tariffs, and not undue and and unplanned rate hikes? And can you explain the reason for applying a rate hike in december, after the market had lost 13% since october? Aren't rate hikes supposed to counter economic growth the keep inflation low?**Georgia Crew**
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12-19-2018, 01:37 PM #148MIKE TYSON: "When you see me smash somebody's skull, you'll enjoy it."
"I try to catch him right on the tip of the nose, because I try to push the bone into the brain."
"It's ludicrous these mortals even attempt to enter my realm."
"I can sell out Madison Square Garden masturbating"
"I'll f**k you till you love me f**got!"
"I just want to conquer people and their souls"
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12-19-2018, 01:39 PM #149
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Job of the fed: https://forum.bodybuilding.com/showt...post1569034221
your sig says you're a firefighter - what happens when you pour gas on an already lit fire?
throwing deficit spending tax cuts for the rich and corporations overheated our economy bigly.
this is an ignorant post by someone who doesn't know the history of the fed or of economic policy.
runaway free market capitalism is what CAUSED the great depression. since then, economic policy has worked to tamp down periods of fast growth and cushion periods of bust.
maybe stick to firefighting instead of trying to opine on macro economics and fiscal policy?It's hard to win an argument with a smart person. It's damn near impossible to win an argument with a stupid person. - Bill Murray
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12-19-2018, 01:40 PM #150
The Fed's mandate is full employment and inflation. Not stock market valuations.
Manufacturers were directly citing steel tariffs for eroding margins.
Fedex just had a quarterly report yesterday.
CEO Fred Smith said “most” of the challenges the company is dealing with have been “induced” by political decisions.
“Making a bad decision about a new tax, creating tremendously difficult situation with Brexit, the immigration crisis in Germany, the mercantilism and state owned enterprise initiatives in China, the tariffs that the United States put in unilaterally,” he said during the company earnings call. “So you just go down the list and they are all things that have created a macro-economic slowdown.”
another ignorant post by someone who doesn't know the history of the fed or of economic policy.
free market capitalism is what caused the great depression. since then, economic policy has helped to tamp down periods of fast growth and cushion periods of bust.
maybe stick to firefighting instead of trying to opine on macro economics and fiscal policy?
That "free market capitalism" caused the great depression is a complete myth that keeps getting repeated over and over.
Last edited by LeJR; 12-19-2018 at 01:45 PM.
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