Dow Plunges 1100 Points Bringing it's Decline from Record High to more than 10%

[Vern]

Certainly, Atomic Kid. But if you want to buy and hold for long-term investment or retirement, this seems like as decent a time to do so as any.

its actually been a "decent time" to do that for the last 11 years. thanks Obama!

 

[SCrider]

GLOBALISTS!! DRINK!!

We've got the biggest stock market in the world, all our pensions are tied to the performance of the stock market. When it crashes, if it does, its effects spread far and wide.

We're the wealthiest country in history because of our globalists ambitions, the global markets our companies serve, the global supply chain, that we attract some of the best talent across the globe here, to work, research. We have a globalist President and a globalist first family. Look at where Ivanka travels for business, Don Jr. Those GLOBALISTS!!!

So funny/sad how they throw out terms like Globalist without understanding what they are talking about.

 

[swing_voter]

APPLE INC. (AAPL)
270.50
22.00
7.60%
NASDAQ : Electronic Technology
Feb 27, 2020 7:54 PM EST (BATS BZX Real-time Price)
Prev Close
292.65
Open
281.10
Day Low/High
272.96 / 286.00
52 Wk Low/High
169.50 / 327.85
Volume
78.41M
Avg Volume
29.82M
Exchange
NASDAQ
Shares Outstanding
4.38B
Market Cap
1.26T
EPS
12.00
P/E Ratio
22.68
Div & Yield
3.08 (1.02%)


So say I buy a 1,000 shares for $270,000

Let's see where we are next month.

273.25 USD −0.27 (0.100%)
Feb 28, 12:32 PM EST · Disclaimer
269.60 USD ‎11:30 AM
Open 257.26
High 278.41
Low 256.37
Mkt cap 1.20T
P/E ratio 21.58
Div yield 1.13%
Prev close 273.52
52-wk high 327.85
52-wk low 169.50


Looks like it's up $3. That would be $3000 in my pocket.

 

[bearpoker]

Wow!! Another liberal who doesn't have a clue as to the components of GDP, In addition can you explain the following to me and how Trump's economic growth is slower than Obama's? When did Obama ever have the dollar growth that Trump has generated? Your loyalty to Obama and liberalism isn't doing much for your credibility

GDP and Dollar change

2011 15,542.6 +804.4 Includes TARP Spending
2012 16197.0 +562.4
2013 16784.9 +587.9
2014 17527.3 +652.4
2015 18224.8 +697.5
2016 18715.0 +487.2
2017 19519.4 +804.4
2018 20,580.2 +1060.8
2019 21427.1 +846.9 PRELMINARY

Apparently you think Forbes is part of the great liberal conspiracy. The economy grew faster under Obama than under Trump. Obama started the recovery and fortunately, Trump hasn't managed to kill it with his trade wars. By the way, where do your figures come from? You need to post a link.

 

[bearpoker]

LOL, apparently this trend escapes you

Obama lost the House in 10-12-14-16 and the Senate in 14-16. In addition Obama is the only President in history to get fewer votes for re-election than he got in the original election. Those trends don't seem to resonate with you.

As for GDP, please learn the components of GDP, then tell me how the stimulus that was signed in February affected the following? Do you even know what the U-6 rate is? Your loyalty to liberalism is making you look like a fool

We are talking about economic trends, not political trends. Do try to stay on topic.

 

[Conservative]

its actually been a "decent time" to do that for the last 11 years. thanks Obama!

Yes I continue to thank Obama daily for giving us Trump. Only partisan radicals would claim that losing the House in 10-12-14-16 and the Senate in 14-16 then getting 4 million fewer votes in 12 than 08 is a successful Administration. That plus the upward trend in the U-6 and total ignorance of the components of GDP including the inability to recognize the stimulus effect on GDP growth shows the failure of the education system to teach people about context and what really matters.

How anyone can state that the trends matter more than dollar growth shows how easy it is to indoctrinate people into the liberal ideology. Only a leftist believes that dollar growth of GDP due to gov't spending is equal to GDP growth due to consumer spending because the left believes it is gov't that provides for personal responsibility issues not individuals through spending their own money

DP and Dollar change

2008 14712.8
2009 14448.9
2010 14992.1 Stimulus spending
2011 15,542.6 +804.4 Stimulus spending
2012 16197.0 +562.4
2013 16784.9 +587.9
2014 17527.3 +652.4
2015 18224.8 +697.5
2016 18715.0 +487.2
2017 19519.4 +804.4
2018 20,580.2 +1060.8
2019 21427.1 +846.9 Preliminary results for 2019

Apparently liberal math believes that 687.5 billion dollar growth from 2014-2015 then down to 487.2 billion growth is 2016 is an upward trend and better than the 804.4 billion and 1060.8 trillion in 2017-2018. Thank you Obama for giving us Trump

 

[bearpoker]

*yawn* obama blamed everyone under the sun until just recently then he tried to claim credit for something
that wasn't his.

He had 8 years to fix it he didn't. mostly because of his policies.

He did fix it. But by all means continue with your silly right wing mythology.

 

[Mycroft]

GLOBALISTS!! DRINK!!

We've got the biggest stock market in the world, all our pensions are tied to the performance of the stock market. When it crashes, if it does, its effects spread far and wide. We're the wealthiest country in history because of our globalists ambitions, the global markets our companies serve, the global supply chain, that we attract some of the best talent across the globe here, to work, research. We have a globalist President and a globalist first family. Look at where Ivanka travels for business, Don Jr. Those GLOBALISTS!!!

As I said...People and countries who have reduced the influence of the globalists...the US, for example...will be fine.

Perhaps those pension managers would be better served not to tie your pension to an organization that can easily fall victim to the whims and fears of a select few money gamblers. Seems like a stupid move to me.

Trump and his family...while they do business on a global basis...are not globalists.

globalist

someone who believes that economic and foreign policy should be planned in an international way, rather than according to what is best for one particular country

GLOBALIST | definition in the Cambridge English Dictionary

I don't think there is ANY way you can make the case that Trump is a globalist.

 

[Conservative]

Apparently you think Forbes is part of the great liberal conspiracy. The economy grew faster under Obama than under Trump. Obama started the recovery and fortunately, Trump hasn't managed to kill it with his trade wars. By the way, where do your figures come from? You need to post a link.

I believe ignorance of context is the liberal conspiracy. How do you explain 697.5 billion dollar growth to 487.2 billion as an upward trend in GDP growth? You really buy the liberal rhetoric don't you? Think that is going to help you in the future? Where is it exactly in those numbers that show that the economy is growing faster under Obama than it has under Trump??

DP and Dollar change
2008 14712.8
2009 14448.9
2010 14992.1
2011 15,542.6 +804.4
2012 16197.0 +562.4
2013 16784.9 +587.9
2014 17527.3 +652.4
2015 18224.8 +697.5
2016 18715.0 +487.2
2017 19519.4 +804.4
2018 20,580.2 +1060.8
2019 21427.1 +846.9

 

[Chomsky]

Dow plunges 1,100 points, bringing its decline from a record high to more than 10%



It certainly looks as though Trump's 'no worries' press conference achieved it's desired effect. :roll: Putting Vice President Butt Boy Pence in charge went long way in inspiring confidence too it would appear. Let us pray.

Was down another 1K this morning, but came back several hundred points to around -700 pts. Ordinarily I'd be looking for a buy/rebound day today, but I doubt anyone will want to buy going into the weekend. They'll wait until Monday, after evaluating the news over the two days of non-trading.

 

[Conservative]

He did fix it. But by all means continue with your silly right wing mythology.

How did he fix the economy and not get credit for it in 2010-12-14-16 losing the House and then 14-16 with the Senate? You live I a dream world where actual results don't resonate with the electorate

 

[Conservative]

We are talking about economic trends, not political trends. Do try to stay on topic.

LOL, economic trends don't support your claims as I have pointed out numerous times, but economic trends always lead to political trends as the American people will always vote their pocket books

 

[ludin]

He did fix it. But by all means continue with your silly right wing mythology.

there is nothing mythological about obama blaming everyone for his failure.
that is called fact.

 

[Godric1970]

You forgot tax breaks...

to the richest whilst the ordinary Joe/Sue struggles as per the norm

 

[Conservative]

Obama inherited a tanked economy and got it back on it's feet. Trump inherited a growing economy.

Where is the data to support your claims??

 

[Conservative]

to the richest whilst the ordinary Joe/Sue struggles as per the norm

So you were taught that it is the governments responsibility to provide a job for you that pays you what your expenses require? How do you give a FIT cut to people who don't pay FIT? Looks to me like you want guaranteed income for all Americans based upon your own personal situation. States now control that ability but you want to jump on the anti Trump bandwagon

 

[Vern]

People! People! Lowdown predicted this. Sure it was over 5 years ago but give him credit

Looks like the bubble is pretty close to bursting.

I know I'm bookmarking this thread.

way ahead of you

 

[Conservative]

People! People! Lowdown predicted this. Sure it was over 5 years ago but give him credit





way ahead of you

Aw, yes, that liberal utopia is right around the corner, wait for it, wait for it, wait for it!!! The last group of liberals couldn't generate it during the 8 years of Obama but this year's group will get the job done. ROFLAMO

 

[Northern Light]

This correction has been overdue for a long time. In my stock circles, most people are strategically buying right now. Just beware of catching a falling knife.

I don't think the coronavirus is going to get as bad as they say. The news media really took the story of the virus and created huge amounts of fear, uncertainty and doubt. You have to wonder who really benefits from this stock drop.

 

[Conservative]

This correction has been overdue for a long time. In my stock circles, most people are strategically buying right now. Just beware of catching a falling knife.

I don't think the coronavirus is going to get as bad as they say. The news media really took the story of the virus and created huge amounts of fear, uncertainty and doubt. You have to wonder who really benefits from this stock drop.

There are going to be a lot of people make a lot of money in the Stock market by taking advantage of this massive drop as the fundamentals of the economy remain strong.

 

[prometeus]

to the richest whilst the ordinary Joe/Sue struggles as per the norm

Well, because the ordinary got only shafted I did not specify them. Then again if they were to receive anything that would make them, in the eyes of some, special thus stop being ordinary.

 

[Mustachio]

There are going to be a lot of people make a lot of money in the Stock market by taking advantage of this massive drop as the fundamentals of the economy remain strong.

Or they won't. I'm 100% sure they will or won't.

 

[American]

Whatever Pence does about this Virus, I hope he leaves his religion out of it.

Why don't you and your cohorts knock that **** off? He's an administrator, he's not giving out medicine. You can't control yourself even for a minute.

 

[American]

Why? Thoughts and prayers will make it go away.

Clearly you don't have a ****ing clue what you're talking about.

The relationship between praying and life
expectancy in cancerous patients

 

[Northern Light]

There are going to be a lot of people make a lot of money in the Stock market by taking advantage of this massive drop as the fundamentals of the economy remain strong.

This is what I keep saying, but the lemmings who listen to the news are running around like chicken littles.

People could benefit from reading an introductory book on how the stock market works.

Nobody is bothering to do any in-depth reading on the coronavirus situation, how it's being contained, why China was hit so hard, and why it will barely make waves in the developed world.