Dow Jones Crashed this Week, Historical Decline

[tuckerkao]

Oh no we will all be starving in the streets before this GOP acts on anything other than rich people interests, their lives will literally have to be on the line.

According to John King from CNN, the polls show some Republicans think Donald Trump is even better than Abraham Lincoln -
https://www.cnn.com/2019/12/02/opinions/trump-lincoln-republican-poll-kaplan/index.html

Abraham Lincoln had very strong crisis leadership according to the historical analysis.

Here comes the Coronavirus pandemic, will Trump's Crisis leadership be able to stand the test of time, we will see.

 

[Estebonrober]

According to John King from CNN, the polls show some Republicans think Donald Trump is even better than Abraham Lincoln -
https://www.cnn.com/2019/12/02/opinions/trump-lincoln-republican-poll-kaplan/index.html

Abraham Lincoln had very strong crisis leadership according to the historical analysis.

Here comes the Coronavirus pandemic, will Trump's Crisis leadership able to stand the test of time, we will see.

I find your faith in the dark side lacking. . .

 

[FriendlyFire]

Trump now, in addition to the "impeached" title, has the dubious honor of ending the longest bull market in our history. He is not happy with either.He can't undo either either. His boast of 3% growth, while never a reality, is also gone and he is hoping to avoid a "Trump Obama Recession" award now. Of course, like posted above, there has been an enormous loss of wealth by the wealthy.

Fixed
Trump ran a 1 Trillion a year deficet of course it was never a reality.

 

[Socrates99]

Oh no we will all be starving in the streets before this GOP acts on anything other than rich people interests, their lives will literally have to be on the line.

this is from the Wikipedia article on Hoover:

Having seen the fruits of prosperity brought by technological progress, many shared Hoover's optimism, and the already bullish stock market climbed even higher on Hoover's accession.[137] This optimism concealed several threats to sustained U.S. economic growth, including a persistent farm crisis, a saturation of consumer goods like automobiles, and growing income inequality.[138] Most dangerous of all to the economy was excessive speculation that had raised stock prices far beyond their value.[139] Some regulators and bankers had warned Coolidge and Hoover that a failure to curb speculation would lead to "one of the greatest financial catastrophes that this country has ever seen," but both presidents were reluctant to become involved with the workings of the Federal Reserve System, which regulated banks.[140]

He also had the same worries and criticism about the New Deal Republicans have today. Any of this sound familiar?

 

[Estebonrober]

this is from the Wikipedia article on Hoover:
He also had the same worries and criticism about the New Deal Republicans have today. Any of this sound familiar?

Yea except fr the particular black swan event triggering this. . .well whatever this turns out to be. Definitely similar actors with similar politics. whats the history never repeats itself but it likes to rhyme line?

 

[amadeus]

DJIA up about 1000 points as of this post. Any thoughts on what’s causing the upward swing?

edit: 730? Maybe I broke it.

 

[El_Machinae]

Dead cat bounce. Remember, every major player is using different formulas plus there's a large number of momentum investors. Plus, all the money cleared from transactions yesterday and now people are reapplying their valuations to make purchases.

The Fed monetizing another 500 Billion USD makes a big difference too.

 

[Birdjaguar]

Day traders planning profit taking for Monday?

 

[El_Machinae]

It will if it falls again
https://www.addictinggames.com/funny/kitten-cannon

 

[El_Machinae]

Day traders planning profit taking for Monday?

I'm not a day trader, but I had a few limits placed for today and Monday in order to sell if it jumps enough

 

[Kyriakos]

If old and frail people keep refusing to be infected and die, it will cause a serious problem to the economy.
The nerve of those poors and weaks

 

[Kaitzilla]

It will if it falls again
https://www.addictinggames.com/funny/kitten-cannon

864 feet

 

[FriendlyFire]

We've already had the dead cat bounce. A dead cat doesn't bounce twice.

Looks like the Government bailouts are in.
Pending a China level pandemic screw up that is.

 

[Birdjaguar]

Trading away one's gains

Other recent work has highlighted that a particular mistake small investors often make is being out of the market after bad days. A J.P. Morgan Asset Management review last year noted that, from January 2000 through December 2019, within two weeks of the S& P 500’s 10 worst days came six of its 10 best days. And those days add up. An investor who missed just the market’s 10 best days over that time earned an annual return of 2.4%, versus 6.1% for an investor who was still invested on those days. Missing the 20 best days, or less than half of one percent of all days, meant earning almost nothing at all.

The moral of the story is if you stay invested, you won't miss the best trading days and will do better than those who try to time the market and miss the best days.

 

[innonimatu]

And with lower interest rates it will just keep crashing. The only thing propping up the US stock market over the past few years, while the rest of the world was stagnant, was the attraction exercised over capital from other countries. Lowering interest rates reduces that. Other things are now also reducing that, and those are not amenable to any intervention.

At least the phony reserve theory of banking is finally proven false: zero reserves required from now on. Won't make a difference.

 

[Kaitzilla]

And with lower interest rates it will just keep crashing. The only thing propping up the US stock market over the past few years, while the rest of the world was stagnant, was the attraction exercised over capital from other countries. Lowering interest rates reduces that. Other things are now also reducing that, and those are not amenable to any intervention.

At least the phony reserve theory of banking is finally proven false: zero reserves required from now on. Won't make a difference.

Futures are crashing hard.
Monday is going to suck.

 

[Estebonrober]

And with lower interest rates it will just keep crashing. The only thing propping up the US stock market over the past few years, while the rest of the world was stagnant, was the attraction exercised over capital from other countries. Lowering interest rates reduces that. Other things are now also reducing that, and those are not amenable to any intervention.

At least the phony reserve theory of banking is finally proven false: zero reserves required from now on. Won't make a difference.

It will be interesting to see how this plays out.

 

[Estebonrober]

Futures are crashing hard.
Monday is going to suck.

Yea more going on then corona virus in this economic outlook and corona virus is bad enough.

 

[Kaitzilla]

Yea more going on then corona virus in this economic outlook and corona virus is bad enough.

Is the Fed out of ammo now?
Will Trump demand the chairman resign?

If it is up to Congress and fiscal policy to turn things around, might as well go read Grapes of Wrath again.

 

[Estebonrober]

Is the Fed out of ammo now?
Will Trump demand the chairman resign?

If it is up to Congress and fiscal policy to turn things around, might as well go read Grapes of Wrath again.

well not much left to do but print cash from my understanding. I'm sure el mach and birdjaguar would have more to say.