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

  1. #1
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    So what do you folks think about the Dow Jones Index?

    Will it break 20,000?

    Patriotism is of its nature defensive, both militarily and culturally. Nationalism, on the other hand, is inseparable from the desire for power. The abiding purpose of every nationalist is to secure more power and more prestige, not for himself but for the nation or other unit in which he has chosen to sink his own individuality.
    -George Orwell, Notes on Nationalism

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    Maybe the Feds could raise the rates again, that might do the trick.

    Mark
    Race Card: A tool of the intellectually weak and lazy when they cannot counter a logical argument or factual data.

    "Liberals have to stop insisting that the world is what they want it to be instead of the way it is." - Bill Maher

    Political correctness is ideological fascism. Itís the antithesis of freedom. Dr. Piper

    Gender is not a "Social Construct", it is an outgrowth of biological reality.

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    It's a psychological and almost entirely meaningless number, so what I think is: meh.


    And yes, I said the same thing back when the Dow first broke 10,000, back when it plunged after 9/11, when it broke 20,000, and a dozen other "milestones" over the years.

    If you (the Royal You) think that the DJIA (or NASDAQ, or the Nikkei, or any other "measure") is any sort of reliable or meaningful measure of the overall health of the stock market or the economy in general, you're sorely mistaken.
    Leftists have unquestionably demonstrated their hatred for due process, and Democrats have undeniably obstructed justice for, and thoroughly victim-shamed and smeared, Karen Monahan.

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    Okay, what am I missing?

    Dow Jones Industrial Average



    Follow





    INDEXDJX: .DJI
    21,792.20 −653.17 (2.91%)
    Dec 24, 1:20 PM EST ∑ Disclaimer
    Not where I breathe, but where I love, I live...
    Robert Southwell, S.J.

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    Bugger.

    Well, retiring in a blue state is out. Looks like all can afford is a red state.

    So long Maine, hello Alabama.
    The reason Trump succeeded isnít that complicated after all. He didnít win the nomination by tapping into some nascent political movement. He won by doing a fairly good impression of a right-wing media celebrity. Every issue, every conspiracy, every applause line has been ripped from their websites, radio shows, and television programs. Itís why he became Americaís most prominent birther. Itís why he floated rumors that Ted Cruzís dad killed JFK, and that Hillary Clinton killed Vince Foster. Itís why he talks the way he does about Mexicans and Muslims and women and African Americans. Itís why heís been able to get away with knowing little to nothing about policy or government or world affairs ó because Trump, like any good talking head, only speaks in chyrons and clauses and some-people-are-sayings.

    Trumpís greatest trick has been to realize that right-wing media stars have a built-in audience that Republican politicians donít. To that audience, Jeb Bush talks like Washington talks. Ted Cruz talks like conservative ideologues talk. Marco Rubio talks like the last consultant he spoke with talks. But Trump talks like a true talk radio fan ó longtime listener, first-time caller. He comes off like the winner of a reality TV show in which one lucky Fox viewer gets picked to run for president of the United States.

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    Quote Originally Posted by phillygirl View Post
    Okay, what am I missing?

    Dow Jones Industrial Average



    Follow





    INDEXDJX: .DJI
    21,792.20 −653.17 (2.91%)
    Dec 24, 1:20 PM EST ∑ Disclaimer
    The entire economy is collapsing because of the government shutdown, obviously. Because all of those federal workers who were already given a holiday today anyway aren't at work today, the apocalypse is neigh. Same as with every other so-called shutdown.

    And of course it's Trump's fault that Chuck Schumer is refusing to allow a wall to be built, thus shutting down the federal government.
    Leftists have unquestionably demonstrated their hatred for due process, and Democrats have undeniably obstructed justice for, and thoroughly victim-shamed and smeared, Karen Monahan.

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    Quote Originally Posted by Billy Jingo View Post
    Bugger.

    Well, retiring in a blue state is out. Looks like all can afford is a red state.

    So long Maine, hello Alabama.
    You put all of your retirement into the 30 stocks that make up the DJIA?
    Leftists have unquestionably demonstrated their hatred for due process, and Democrats have undeniably obstructed justice for, and thoroughly victim-shamed and smeared, Karen Monahan.

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    Quote Originally Posted by Adam View Post
    And yes, I said the same thing back when the Dow first broke 10,000, back when it plunged after 9/11, when it broke 20,000, and a dozen other "milestones" over the years.
    You don't say.

    Quote Originally Posted by Frostbit View Post
    Dow is now just shy of 25% for the last year. 20.62 YTD
    Quote Originally Posted by Adam View Post
    If you'll excuse me for a moment, I have to go outside and shake my fist at the sky about this terrible news.

    Patriotism is of its nature defensive, both militarily and culturally. Nationalism, on the other hand, is inseparable from the desire for power. The abiding purpose of every nationalist is to secure more power and more prestige, not for himself but for the nation or other unit in which he has chosen to sink his own individuality.
    -George Orwell, Notes on Nationalism

  9. #9
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    Quote Originally Posted by phillygirl View Post
    Okay, what am I missing?

    Dow Jones Industrial Average



    Follow





    INDEXDJX: .DJI
    21,792.20 −653.17 (2.91%)
    Dec 24, 1:20 PM EST ∑ Disclaimer
    That dash-like mark in front of the 653.17 number should give you a clue.

    Patriotism is of its nature defensive, both militarily and culturally. Nationalism, on the other hand, is inseparable from the desire for power. The abiding purpose of every nationalist is to secure more power and more prestige, not for himself but for the nation or other unit in which he has chosen to sink his own individuality.
    -George Orwell, Notes on Nationalism

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    At last it's Donald Trump's Market!

    Finally Barack Obama can relax. He only does the good stuff.

    Detroit News: Stock market fall rests with Trump

    CNN: Trump's erratic behavior was background noise for markets. Not anymore

    He sent out "confusing signals", spooked the market, and caused joy in Bill Maher land.

    Well, something spooked the market—that's the way these things turn. The culprit in some guise or other is usually uncertainty, the thing business hates most. Hence the torrent of criticism aimed at Trump's "erratic" "baffling" "odd" behavior.

    It's interesting to look at the DOW chart for the year and map it against political events.

    I believe the uncertainty that spooked the market was the result of the November election. How much will Trump be able to accomplish, and how much of a pro-business atmosphere will survive a Democratic House? Our rivals in the world, China in particular, can see a weakened president as clearly as anyone, and they are much less likely to accede to Trump's style of negotiating, the chutzpah method, if you will, which is how he's done as much as he has in the foreign arena.

    The ascendant Democrats are blistering with energy, and hatred for Trump. Maxine Waters, "We need to get rid of this president." She just blends in, now. Chuck Schumer, "You're not getting the wall." One of Trump's top priorities, it will be watched by foreign interests as closely as by the respective base camps of our major Parties.

    This will take some months to settle out. Essentially I think it's a political bear market, and when the waters calm, the fundamentals, unless scuttled by the socialists coming in, will undoubtedly revive the averages.
    Last edited by Newman; Monday, December 24th, 2018 at 1:02 PM.
    "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." óCNN's Don Lemon, showing how to stop demonizing people.

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