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  1. #1
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    Dow Drops Over 800 Points in One Session

    Well, Donnie sure likes to talk about how the stock market's doing. A lot.

    So, what will he have to say 'bout this?

    US equity markets took a huge hit Wednesday, shedding months of gains in a single session as a risk-off attitude gripped markets. The S&P 500 shed over 90 points, falling -3.24% to 2,786. The Dow Jones Industrial Average dropped 830 points down -3.14% to 25,598, the lowest since August 24th. Leading the dive, the NASDAQ surrendered 315 points falling -4.08% to 7,422.


    https://www.dailyfx.com/forex/market...-February.html
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  2. #2
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    It's a "HEALTHY" correction!
    Snakebit: "How many times do I have to tell you that I don't have a source? I don't make a note of everything I see or hear on the internet and you don't have to take my word for it."

  3. #3
    xxl
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    Pick one (or several):

    It was the result of failed Democrat policies.

    It was Hillary's fault.

    It was Obama's fault.

    It was the media's fault (except for Fox News).

    Presidents don't control the market (used only in market declines, unless the other party's in power).

    It'll correct itself eventually.

    It's the natural order of business cycles, nothing could be done about it.

    MAGA.
    More Americans wanted Hillary Clinton to be President than wanted Donald Trump.

    Donald Trump has never had a wife he didn't cheat on.

  4. #4
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    Quote Originally Posted by Wookiebiker View Post
    It's a "HEALTHY" correction!
    Sure is!





    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  5. #5
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    puts the Dow at an unprecedented 1% gain for the year.
    Blows your hair back.

  6. #6
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    GOP Trade war, MAGA dividend.

  7. #7
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    Quote Originally Posted by troutmd View Post
    GOP Trade war, MAGA dividend.
    Just in time for the midterms, too.

    If the stock market implosion continues, Trumpykins may have to bend over and play nice with the Chinese right quick, instead of going the other way with it like he'd been planning to.

    He worries about political consequences above everything else, so that's his calculation.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  8. #8
    xxl
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    Quote Originally Posted by troutmd View Post
    GOP Trade war, MAGA dividend.
    "Trade wars are easy."
    More Americans wanted Hillary Clinton to be President than wanted Donald Trump.

    Donald Trump has never had a wife he didn't cheat on.

  9. #9
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    Well, not surprisingly, POS Trump is blaming someone else for this.

    In this case, his own Fed Chairman. “The Fed’s gone crazy!!!” quoth the Trumpster-Fire. Literally.

    Which brings up the question: Hey, didn’t Trump pick this Powell guy to run the Fed? So, if he’s “gone crazy”, to quote Trump, what then does this say about Donald’s judgement? It’s pretty terrible then, yes?

    Ah, Donnie. You never cease to suck.

    And no, for the record, Powell’s not crazy. But he is a very convenient political scapegoat going into midterms.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  10. #10
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    Quote Originally Posted by SystemShock View Post
    Well, not surprisingly, POS Trump is blaming someone else for this.

    In this case, his own Fed Chairman. “The Fed’s gone crazy!!!” quoth the Trumpster-Fire. Literally.

    Which brings up the question: Hey, didn’t Trump pick this Powell guy to run the Fed? So, if he’s “gone crazy”, to quote Trump, what then does this say about Donald’s judgement? It’s pretty terrible then, yes?

    Ah, Donnie. You never cease to suck.

    And no, for the record, Powell’s not crazy. But he is a very convenient political scapegoat going into midterms.
    Taking the credit, passing the blame. great leadership 101.
    Blows your hair back.

  11. #11
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    The Dow dropped another 550(!!) points today ... bringing the two-day loss total to nearly 1400 points.

    So. much. WINNING.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  12. #12
    xxl
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    Quote Originally Posted by SystemShock View Post
    The Dow dropped another 550(!!) points today ... bringing the two-day loss total to nearly 1400 points.

    So. much. WINNING.
    A Trump Slump?
    More Americans wanted Hillary Clinton to be President than wanted Donald Trump.

    Donald Trump has never had a wife he didn't cheat on.

  13. #13
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    Quote Originally Posted by xxl View Post
    A Trump Slump?
    Market done took a Trump Dump.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  14. #14
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    Quote Originally Posted by SystemShock View Post
    The Dow dropped another 550(!!) points today ... bringing the two-day loss total to nearly 1400 points.

    So. much. WINNING.
    In reality ... it's likely a correction based on the rising interest rates and two very destructive hurricanes in three weeks.

    The real fireworks are not expected until late 2019 or mid 2020 ... just before the next Presidential election. That's when the stock market tanks, unemployment rises, most of the tax breaks for the average person are gone and the full economy tanks.

    Enjoy some prosperity for now ... crap is going to hit the fan in a year or so.

    If it really does start tanking now, Trump won't make it to the 2020 election as the GOP themselves will kick him out.
    Snakebit: "How many times do I have to tell you that I don't have a source? I don't make a note of everything I see or hear on the internet and you don't have to take my word for it."

  15. #15
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    Quote Originally Posted by Wookiebiker View Post
    In reality ... it's likely a correction based on the rising interest rates and two very destructive hurricanes in three weeks.
    If we want to follow Trump’s lead and blame interest rates, well

    1) Again, Trump chose Powell.

    2) Interest rate hikes could’ve been made more slowly had Trump and the GOP not chosen to further stimulate an already healthy economy with massive tax breaks (which also have ballooned the deficit).

    He wants to blame Powell, sure, but he really has no one to blame but himself.

    And, if a President is going to be as quick to take credit for stock market increases as this one has, then he also should bear blame when the market takes a major nosedive, too.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  16. #16
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    Some talking head at Blackstone is predicting the S&P 500 at 3,000 by year end.

    https://www.marketwatch.com/story/bl...age-2018-10-11

  17. #17
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    Quote Originally Posted by SystemShock View Post
    Market done took a Trump Dump.
    Too early. FBI protocol prohib filing charges during an election period. Obstruction of justice could appear as early as November 9th.
    Last edited by troutmd; 10-11-2018 at 06:03 PM.

  18. #18
    xxl
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    Well, it looks like he's finally right about something.

    Let's take the President's advice, and MAGA.
    More Americans wanted Hillary Clinton to be President than wanted Donald Trump.

    Donald Trump has never had a wife he didn't cheat on.

  19. #19
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    Quote Originally Posted by Bremerradkurier View Post
    Some talking head at Blackstone is predicting the S&P 500 at 3,000 by year end.

    https://www.marketwatch.com/story/bl...age-2018-10-11
    Yeah, and there was a different talking head on CNBC the other day who was saying the market will be down 40 percent by Q2 2019(!).

    I don't agree with him, but the point is, you can find a financial talking head to make most any prediction.

    Especially on CNBC. They tend to let more goofballs on their financial shows than say Bloomberg or PBS does. There's a definite 'shoot from the hip' mentality there, and you can see it in some of their anchors and featured contributors (Kernan, Cramer, etc).
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  20. #20
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    Quote Originally Posted by xxl View Post



    Well, it looks like he's finally right about something.

    Let's take the President's advice, and MAGA.
    So, by Donnie's own metric, he should've been impeached 1.4 times in the past two days? LOL.

    Yeah, wotta tool he is.

    Far as the market goes, don't get me wrong, I'm sure there'll be some sort of partial relief rally coming along soon, because the stock market doesn't drop in a straight line (unless it does – see the Financial Crisis and late '08/early '09).

    But as a long-time investor, I can tell you the market is starting to feel different now. Back in January, Agent Orange was trying to talk up "Dow 30,000". The market said, "LOL, nope" even back then... and now it feels like ppl are just sort of watching and waiting for the hammer to fall in the next 6-12 months or so, while hoping to pick up as many pennies they can in front of the steamroller.

    As someone who still has significant $$ in the market, I hope I'm wrong and the bull market run we've enjoyed for most of this decade picks back up somehow and continues strong as ever. But, seems like a lot of folks are starting to eye the exits.

    It's understandable. Since Jan 1, we're up only 1 percent on the year on the S&P and Dow. And volatility's increasing.

    Bonds, EM, and soon maybe real estate look like places to start slowly rotating into. Agent Orange may not like it, since it removes one of his favorite talking points, but investors don't really give a sh!t. They were happy to take the tax-cut sugar rush on corporate earnings – and thus stock prices – but the chickens are starting to come home to roost in terms of trillion-dollar federal deficits, trade wars, and rising interest rates.

    There are some policy things Donnie and the GOP could do that would help, but all we get is "Waaah, it's Powell's fault" and 'Tax Cuts We Can't Afford 2.0". Sigh.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  21. #21
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    Aaaanaand... the DOW drops another 600 points today.

    We are now officially in correction territory.

    Oh, and remember Dave’s ‘8000’ thread from a few weeks back, bragging about the NASDAQ hitting the 8,000 level?

    It’s now at 7,100 and will likely crash through the 7,000 floor in coming days.

    Wheeee.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  22. #22
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    Quote Originally Posted by Wookiebiker View Post

    The real fireworks are not expected until late 2019 or mid 2020 ... just before the next Presidential election. That's when the stock market tanks, unemployment rises, most of the tax breaks for the average person are gone and the full economy tanks.
    Nobody knows nothin. On average, even the folks who make a living trying to call the stock market don't beat the index. Those who do often get lucky for a few years and then revert to the mean (or worse).

    Only thing retail investors can do is pick an asset allocation that fits with your risk tolerance and hang on for the ride.

    As much as I want to blame Trump for the latest downturn, I don't think that's really responsible. Almost every modern president has had at least one stock correction under his watch. Markets are volatile.

  23. #23
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    Quote Originally Posted by nealric View Post
    As much as I want to blame Trump for the latest downturn, I don't think that's really responsible. Almost every modern president has had at least one stock correction under his watch. Markets are volatile.
    Donnie’s trade wars are a big part of it, though.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


  24. #24
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    Quote Originally Posted by SystemShock View Post
    Donnie’s trade wars are a big part of it, though.
    I think the trade wars will ultimately hurt the economy over the long run, but I think the markets were also looking for an excuse to correct. PE has been high for a while now.

  25. #25
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    Quote Originally Posted by nealric View Post
    I think the trade wars will ultimately hurt the economy over the long run, but I think the markets were also looking for an excuse to correct. PE has been high for a while now.
    If you look at industrial sector stocks today and yesterday, they got absolutely clobbered (Caterpillar is a good example). They cited high input costs hitting their earnings, aka the trade wars.

    Then there's stuff like agriculture, aviation, autos... not to mention what will happen when China gets serious about hitting our big tech companies with tariffs.

    You're right that a good deal of the effect will occur in the long term, but some of it is already hitting home.
    Monkhouse: I want to go like my Dad did – peacefully, in his sleep, not screaming in terror like his passengers.

    System: Fake news?? Trump's a Fake President, for God's sake.

    Plat: I'd rather fellate a syphilitic goat than own a Cervelo.

    Homer: I believe that children are our future. Unless we stop them now.

    Seam: Saw Bjork poop onstage back in the day. It blew my teenage mind


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