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Thread: So what do you folks think about the Dow Jones Index?

  1. #561
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    Quote Originally Posted by Norm dePlume View Post
    Your presumption doesn't justify your lie.
    Now you’ve hurt my feelings. Bless your heart.
    If it pays, it stays

  2. #562
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    Quote Originally Posted by Frostbit View Post
    Now you’ve hurt my feelings. Bless your heart.
    Put in in your whine thread, hypocrite.

    Quote Originally Posted by Frostbit View Post
    No that is not correct and making a Norm like misrepresentation of facts I have stated does not become you Tom.

    On some great and glorious day the plain folks of the land will reach their heart’s desire at last, and the White House will be adorned by a downright moron.
    -H. L. Mencken

  3. #563
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    Quote Originally Posted by Norm dePlume View Post
    Put in in your whine thread, hypocrite.
    If it pays, it stays

  4. #564
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    So Friday the DOW Industrials briefly crossed 29,000 before falling 133 points for the day. Headlines blame the pullback on the "weak economic report" (145,000 jobs and 3.5% unemployment). The pullback is hardly a surprise when an average as narrow as the DOW reaches a new, significant number, but we'll see.

    Meanwhile, I noticed this headline, amidst the hand-wringing:

    Boom! Trump Has The Lowest Average Unemployment Rate of Any President in Recorded History
    It doesn't seem all that long ago the media and liberal academia were predicting economic meltdown in the aftermath of Trump's election. Liberal "economist" Paul Krugman, for example, famously predicted after Trump's election, "So we are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened."

    Well, the left has been repeatedly proven wrong about Trump and the economy, and once again, it's pure joy to point out how wrong they were.

    With the latest unemployment statistics in, we can see that Trump has presided over the lowest average unemployment rate of any president (at the same point in their presidency) in recorded history. Philip Klein of the Washington Examiner notes, "Since February 2017, Trump's first full month in office, the monthly unemployment rate has averaged 3.9%. No prior president has averaged less than 4% over the first 35 months of his presidency. The closest was Dwight Eisenhower, when the rate averaged 4.3% between February 1953 and December 1955."
    I find the headline misleading, since the yardstick only goes back to Ike:

    Modern unemployment statistics began in 1948, so the analysis only includes presidents back to Dwight Eisenhower. . . .
    But the point remains. It's a difficult pill for Democrats (and establishment Republicans, actually) to swallow. So I'll say it for 'em:

    Thanks, Barack.
    "I was not elected to do small things or shy away from big problems.” —Donald Trump.

    "I think you called me a liar on national TV." —Elizabeth Warren. "Well, duh." —Bernie Sanders, shoulda said.

    "The way I see it, there's always, c'mon, there's always money. It's there." —Elizabeth Warren, explaining socialism.

    “The interesting thing about the Green New Deal is it wasn’t originally a climate thing at all.... We really think of it as a how-do-you-change-the-entire-economy thing.” —Saikat Chakrabarti, then AOC's Chief of Staff.

    "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

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  6. #565
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  8. #566
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    The impeachment news has been hard on the markets.

    F8AE7AAB-565E-42F5-86B7-5B77B3F95583.jpeg
    If it pays, it stays

  9. #567
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  10. #568
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    Probably the most quietly reported crossing of a 100-point marker in the history of the DOW 30.

    Coverage in my local Hate-Trump newspaper:

    .

    So, for the record, here are a couple of sources:

    Dow Closes Above 29,000
    The Dow Jones Industrial Average closed above 29,000 points for the first time and the S&P 500 index hit its second record high in three days Wednesday.

    The milestones came on a day when the market traded in a narrow range as investors weighed the latest batch of corporate earnings reports and the widely anticipated signing of an initial trade deal between the U.S. and China.

    President Donald Trump and China's chief negotiator, Liu He, signed the "Phase 1" deal before a group of corporate executives and reporters at the White House. The pact eases some sanctions on China. In return, Beijing has agreed to step up its purchases of U.S. farm products and other goods.

    "This was telegraphed well enough that the market is kind of looking through it and toward the next phase and what that means," said Keith Buchanan, portfolio manager at Globalt Investments. . . .
    "Telegraphed." That's the ticket.

    Well, the market will go up, or the market will go down, say the experts.

    Headlines featuring "too hot" are common enough: Dow Jones Futures: Stock Market Rally Too Hot? . . . for at least as long as I've been alive.

    I've confidently predicted the market will come down someday. A closer bet might be, will the DOW hit 30,000 before it revisits 28,000?

    I'm an optimist. Here's a different reportCheck-DOW-J-price-1-15-20-513x600.png

    I suspect 30,000 has been thoroughly "telegraphed" as well.
    "I was not elected to do small things or shy away from big problems.” —Donald Trump.

    "I think you called me a liar on national TV." —Elizabeth Warren. "Well, duh." —Bernie Sanders, shoulda said.

    "The way I see it, there's always, c'mon, there's always money. It's there." —Elizabeth Warren, explaining socialism.

    “The interesting thing about the Green New Deal is it wasn’t originally a climate thing at all.... We really think of it as a how-do-you-change-the-entire-economy thing.” —Saikat Chakrabarti, then AOC's Chief of Staff.

    "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." —CNN's Don Lemon, showing how to stop demonizing people.

  11. #569
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    Quote Originally Posted by Newman View Post


    Probably the most quietly reported crossing of a 100-point marker in the history of the DOW 30.

    Coverage in my local Hate-Trump newspaper:

    .

    So, for the record, here are a couple of sources:

    Dow Closes Above 29,000
    "Telegraphed." That's the ticket.

    Well, the market will go up, or the market will go down, say the experts.

    Headlines featuring "too hot" are common enough: Dow Jones Futures: Stock Market Rally Too Hot? . . . for at least as long as I've been alive.

    I've confidently predicted the market will come down someday. A closer bet might be, will the DOW hit 30,000 before it revisits 20,000?

    I'm an optimist. Here's a different reportCheck-DOW-J-price-1-15-20-513x600.png

    I suspect 30,000 has been thoroughly "telegraphed" as well.

    Fixed in light of the original post by Norm.
    If it pays, it stays

  12. #570
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    The S&P marched over 3,300 yesterday for the first time also with zero fanfare.
    If it pays, it stays

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