Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 25, 2018 8:09:46 GMT -6
Again.... perspective. Do you think Obama and Trump started at different points? Before Obama took office previous Dow Jones high was over 14,000, and 12, 720 when he took office. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The S&P 500 and the Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and fourth quarter earnings reports were on track to drop more than 20 percent over the previous year's figures. Bank stocks in particular were hit quite hard, with the sector in general declining by 30 percent. Bank of America Corp. dropped 29 percent, and Citigroup Inc. sank a comparatively gentle 20 percent. While the economic backslide may have seemed to indicate that the America public was less than confident in their newly elected leader, the dip was, instead, widely credited to a continued lack of confidence in the failing economy left behind by the previous administration. Under former President Bush, the stock market took a 2.3 percent fall on an annualized basis, reflecting the 1 percent increase achieved during his first four years and the 5.5 percent decline suffered during his second term. (President Obama’s economic legacy: the average GDP growth rate during his tenure was about 1.5%. The only president with a worse economic record since 1930 is Herbert Hoover.) When Trump won the election the at closing on November 8th 2016 the previous high for the Dow was around 18,200. So even with the tariff drop its still over 5,000 points above any previous administrations high in the Dow. (Trump's first year: For the year, the economy expanded at a rate of 2.3%, compared with 1.5% in 2016. The economy picked up steam over the course of the year, with GDP registering at just 1.4% during the first quarter, strengthening to 3.1% by the second and 3.2% in the third.) I even found an associated press article where they tried to spin the beginning of the Trump bump after the election and tried to give credit to Obama. Give me a break. So basically they started at completely different places in the market. The Donald started with a relatively healthy stock market but a lackluster economy and proceeded to make the market explode while doubling gdp in his first year. When Obama took office, the nation was in an economic crisis that it hadn’t seen since the Great Depression so he really had nowhere to go but up. Again.... perspective.
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Odin's Cooler Alumnus
kramerhammer
Viking (5,537)
Feb 8, 2017
Valhalla
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Post by kramerhammer on Mar 25, 2018 18:04:52 GMT -6
Again.... perspective. Do you think Obama and Trump started at different points? Before Obama took office previous Dow Jones high was over 14,000, and 12, 720 when he took office. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The S&P 500 and the Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and fourth quarter earnings reports were on track to drop more than 20 percent over the previous year's figures. Bank stocks in particular were hit quite hard, with the sector in general declining by 30 percent. Bank of America Corp. dropped 29 percent, and Citigroup Inc. sank a comparatively gentle 20 percent. While the economic backslide may have seemed to indicate that the America public was less than confident in their newly elected leader, the dip was, instead, widely credited to a continued lack of confidence in the failing economy left behind by the previous administration. Under former President Bush, the stock market took a 2.3 percent fall on an annualized basis, reflecting the 1 percent increase achieved during his first four years and the 5.5 percent decline suffered during his second term. (President Obama’s economic legacy: the average GDP growth rate during his tenure was about 1.5%. The only president with a worse economic record since 1930 is Herbert Hoover.) When Trump won the election the at closing on November 8th 2016 the previous high for the Dow was around 18,200. So even with the tariff drop its still over 5,000 points above any previous administrations high in the Dow. (Trump's first year: For the year, the economy expanded at a rate of 2.3%, compared with 1.5% in 2016. The economy picked up steam over the course of the year, with GDP registering at just 1.4% during the first quarter, strengthening to 3.1% by the second and 3.2% in the third.) I even found an associated press article where they tried to spin the beginning of the Trump bump after the election and tried to give credit to Obama. Give me a break. So basically they started at completely different places in the market. The Donald started with a relatively healthy stock market but a lackluster economy and proceeded to make the market explode while doubling gdp in his first year. When Obama took office, the nation was in an economic crisis that it hadn’t seen since the Great Depression so he really had nowhere to go but up. Again.... perspective. (Trump's first year: For the year, the economy expanded at a rate of 2.3%, compared with 1.5% in 2016. The economy picked up steam over the course of the year, with GDP registering at just 1.4% during the first quarter, strengthening to 3.1% by the second and 3.2% in the third.) Only dangerous part about taking credit for the first year is he also has to take credit for the next 3 years. While there is hope for the stock market with the tax cut and all the buy backs that will elicit, this trade war could erase all that and more. And if he does reach his vaunted 3% GDP growth, inflation will squash everything. To me, Trump is in a no win situation and I am in a great position to get in on the bottom on the cheap. I have been taking profits off the table every 15% gain for the last 10 years. I am itching for a dip(or 2 or 3) to get some cash back in the game. Only 15 years to go until retirement and if it all plays out..............woohoo. If it doesn't, I'll still be okay due to the last 10 years and what I have socked away.
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Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Mar 25, 2018 19:23:47 GMT -6
Again.... perspective. Do you think Obama and Trump started at different points? Before Obama took office previous Dow Jones high was over 14,000, and 12, 720 when he took office. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average (DJIA) slumped to 7,949.09, the lowest inaugural performance for the Dow since its creation. The S&P 500 and the Nasdaq took similar hits, dropping 5.3 and 5.8 percent, respectively, and fourth quarter earnings reports were on track to drop more than 20 percent over the previous year's figures. Bank stocks in particular were hit quite hard, with the sector in general declining by 30 percent. Bank of America Corp. dropped 29 percent, and Citigroup Inc. sank a comparatively gentle 20 percent. While the economic backslide may have seemed to indicate that the America public was less than confident in their newly elected leader, the dip was, instead, widely credited to a continued lack of confidence in the failing economy left behind by the previous administration. Under former President Bush, the stock market took a 2.3 percent fall on an annualized basis, reflecting the 1 percent increase achieved during his first four years and the 5.5 percent decline suffered during his second term. (President Obama’s economic legacy: the average GDP growth rate during his tenure was about 1.5%. The only president with a worse economic record since 1930 is Herbert Hoover.) When Trump won the election the at closing on November 8th 2016 the previous high for the Dow was around 18,200. So even with the tariff drop its still over 5,000 points above any previous administrations high in the Dow. (Trump's first year: For the year, the economy expanded at a rate of 2.3%, compared with 1.5% in 2016. The economy picked up steam over the course of the year, with GDP registering at just 1.4% during the first quarter, strengthening to 3.1% by the second and 3.2% in the third.) I even found an associated press article where they tried to spin the beginning of the Trump bump after the election and tried to give credit to Obama. Give me a break. So basically they started at completely different places in the market. The Donald started with a relatively healthy stock market but a lackluster economy and proceeded to make the market explode while doubling gdp in his first year. When Obama took office, the nation was in an economic crisis that it hadn’t seen since the Great Depression so he really had nowhere to go but up. Again.... perspective. (Trump's first year: For the year, the economy expanded at a rate of 2.3%, compared with 1.5% in 2016. The economy picked up steam over the course of the year, with GDP registering at just 1.4% during the first quarter, strengthening to 3.1% by the second and 3.2% in the third.) Only dangerous part about taking credit for the first year is he also has to take credit for the next 3 years. While there is hope for the stock market with the tax cut and all the buy backs that will elicit, this trade war could erase all that and more. And if he does reach his vaunted 3% GDP growth, inflation will squash everything. To me, Trump is in a no win situation and I am in a great position to get in on the bottom on the cheap. I have been taking profits off the table every 15% gain for the last 10 years. I am itching for a dip(or 2 or 3) to get some cash back in the game. Only 15 years to go until retirement and if it all plays out..............woohoo. If it doesn't, I'll still be okay due to the last 10 years and what I have socked away.
The trade war may cause some market volatility for a while but it will ease.
Had to be done though since China doesn't play by the rules.
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Post by SmokedPears on Mar 26, 2018 12:53:27 GMT -6
Only dangerous part about taking credit for the first year is he also has to take credit for the next 3 years. While there is hope for the stock market with the tax cut and all the buy backs that will elicit, this trade war could erase all that and more. And if he does reach his vaunted 3% GDP growth, inflation will squash everything. To me, Trump is in a no win situation and I am in a great position to get in on the bottom on the cheap. I have been taking profits off the table every 15% gain for the last 10 years. I am itching for a dip(or 2 or 3) to get some cash back in the game. Only 15 years to go until retirement and if it all plays out..............woohoo. If it doesn't, I'll still be okay due to the last 10 years and what I have socked away.
The trade war may cause some market volatility for a while but it will ease.
Had to be done though since China doesn't play by the rules.
Exactly! Let's not do what NEEDS to be done because it might be difficult and scary.
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Deleted Member
Deleted
Jan 1, 1970
Valhalla
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Post by Deleted on Mar 26, 2018 13:03:34 GMT -6
The trade war may cause some market volatility for a while but it will ease.
Had to be done though since China doesn't play by the rules.
Exactly! Let's not do what NEEDS to be done because it might be difficult and scary. I'm a little worried about all the debt China has on us from the past and obviously what will need in the future to fund our ridiculous spending. How will that factor into their response
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Post by SmokedPears on Mar 26, 2018 14:01:26 GMT -6
Exactly! Let's not do what NEEDS to be done because it might be difficult and scary. I'm a little worried about all the debt China has on us from the past and obviously what will need in the future to fund our ridiculous spending. How will that factor into their response Dunno... I wish politicians would listen to me and stop all the ridiculous spending.
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Odin's Cooler Alumnus
kramerhammer
Viking (5,537)
Feb 8, 2017
Valhalla
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Post by kramerhammer on Mar 26, 2018 20:35:41 GMT -6
Well. Missed it again. Just gonna have to be patient. Dammit.
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Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Jul 12, 2019 16:30:21 GMT -6
Major indices all close at record highs S&P index closes above the 3000 level for the 1st time ever Its the Triple Crown. All three of the major US stock indices closed at session highs. For the S&P index, it is closing above the 3K level for the very first time after toying with moves above on Wednesday and Thursday only to fail. The final numbers are showing: The S&P index of 13.84 points or 0.46% at 3013.75 THE NASDAQ index of 48 points 102 points or 0.59% at 8244.14 The Dow is up 243.95 points or 0.90% at 27332.02 linki.imgur.com/Vnq97PA.pngi.imgur.com/HLVYMuO.pngi.imgur.com/abeK8Vj.pngi.postimg.cc/sXYzw2L5/giphy.gif
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Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Jul 15, 2019 5:29:26 GMT -6
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Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Jul 15, 2019 5:30:05 GMT -6
WINNING
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Odin
Purp1eOne
Winning
Jarl (15,194)
Feb 3, 2017
Valhalla
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Post by Purp1eOne on Dec 6, 2019 11:55:56 GMT -6
Cramer: Like or hate Trump, ‘these are the best numbers of our lives’ on jobs CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation. “You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month. “People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.” Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.” www.cnbc.com/2019/12/06/cramer-like-or-hate-trump-these-are-the-best-numbers-of-our-lives-on-jobs.html
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Post by Purplemachine on Dec 6, 2019 12:01:38 GMT -6
Purp1eOne, It's why the polls show minorities are swinging to Trump. Many folks just want a job, and can now get one. How can anyone be against that? Oh wait....orange man bad.
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Post by badgervike on Dec 6, 2019 12:37:00 GMT -6
Cramer: Like or hate Trump, ‘these are the best numbers of our lives’ on jobs CNBC’s Jim Cramer said Friday no matter your view on President Donald Trump there’s no denying we’re living in the best labor market in more than a generation. “You can’t contradict that these are the best numbers of our lives. You can’t,” Cramer, 64, said following the government report showing the U.S. economy created a better-than-expected 266,000 nonfarm jobs in November, with the unemployment rate dipping to 3.5%, matching a 50-year low. Economists had expected the jobless rate to hold steady at 3.6% last month. “People don’t want to say good things” about the economy, said Cramer, echoing comments he made Thursday evening on “Mad Money,” telling investors: “Don’t let the armageddonists and the negativists and the hucksters scare you away from owning stocks.” Referring to Trump, Cramer said Friday on “Squawk Box,” shortly after the jobs report was released, “It doesn’t matter whether you hate him or like him, these are real numbers.” www.cnbc.com/2019/12/06/cramer-like-or-hate-trump-these-are-the-best-numbers-of-our-lives-on-jobs.htmlAlso, wage growth coming in at 3.1% over last year.
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OkieDokie
Surviving
Jarl (22,857)
Feb 5, 2017
Valhalla
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Post by OkieDokie on Dec 6, 2019 12:52:36 GMT -6
FOX Business @foxbusiness 3m #BREAKING News: #Dow Jones Industrial Average closes above 21,000 for the first time, just 24 trading days after closing above 20,000. Over 28,000 today huge jobs repor!
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poiple
Drengr (837)
Sep 12, 2018
Valhalla
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Post by poiple on Dec 6, 2019 13:13:01 GMT -6
Presidents running for a second term with a booming economy have never lost a second term. Of course the left knows it and is desperate to minimize the damage to their NWO plan.
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