Dow rallies 1,000 points, logging its biggest single-day point gain ever

[dobieg]

You're right! See what can happen when he leaves the country and stays off Twitter?

Trump just advised to buy on Tuesday.

President Donald Trump was less equivocal about American companies at the White House on Tuesday: "They have record kinds of numbers. So I think it's a tremendous opportunity to buy. Really a great opportunity to buy."

https://www.chicagotribune.com/busi...market-buying-opportunity-20181226-story.html

 

[Fletch]

A. He doesn't accept blame for the losses.

B. It's not that simple. The market is resilient. It tries to find a way no matter what crap Trump pulls. The current market volatility is very much at the feet of our volatile president.

C. He doesn't accept blame for the losses.

D. He doesn't accept blame for the losses.

So your argument is that since Trump isnt honest or consistent when in comes to the markets, you get to be dishonest and inconsistent too. Which means you are no different or better than Trump. I have been saying that about the left for some time, glad to see you step up and admit it.

 

[SheWolf]

A very nice recovery. Almost 5% back in your 401k.
The biggest one day point gain!


DOW RALLIES 1,000 POINTS, LOGGING ITS BIGGEST SINGLE-DAY POINT GAIN EVER

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 950 points higher as of 3:45 p.m. ET, while the S&P 500 gained 4.2 percent. The Nasdaq Composite outperformed, rising 5 percent.The Dow and S&P 500 traded lower earlier in the day.

Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 6 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 7.3 percent after the company said it sold a record number of items this holiday season.




Dow Jones Industrial Average (.DJIow Jones Global Indexes)

Real Time Quote
Last | 4:08:50 PM EST
22,878.45 +1,086.25 (+4.98%)

It's still in the hole.

 

[Amelia]

So your argument is that since Trump isnt honest or consistent when in comes to the markets, you get to be dishonest and inconsistent too. Which means you are no different or better than Trump. I have been saying that about the left for some time, glad to see you step up and admit it.

Sure. That's what I said.

Or .... you just made one of the most ironic posts of the day. Quite the achievement.

 

[Fletch]

LOL Tax cuts ALWAYS decrease revenue from what it would have been without them. In this case the puny $14 billion rise in revenues dwarfs the $127 billion rise in spending. Kudlow is a stooge.

Then the issue is spending. How do you not see that? You wrote it yourself.

 

[Amelia]

It's still in the hole.

But it's higher than what it was on November 8, 2016. Apparently that's all that matters. Since all the gains which the market made after Trump was elected are his achievement, he is entitled to eff around with people's lives and livelihoods to his heart's content as long as the market doesn't go below below where it was at when he was elected. So he still has a few thousand points to fritter away and don't you dare complain about it.

Even if you're a manufacturer who is closing down because Trump raised the cost of production so high, or even if you are a farmer who is letting crops rot in the field because Trump killed the market for your product and costs of storage have risen so high.

 

[upsideguy]

And it's still higher than it was under Obama

...ah no, the Dow Jones gained 201% during the Clinton administration and 176% during the Obama administration.

https://www.macrotrends.net/2482/sp500-performance-by-president

Thus far, the market is only up 8% during the Trump administration.

Historically, the markets do much better during Democratic administrations, which deliver, on average 10% per year returns, compared to Republican administrations, which deliver less than 2% returns,

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#241b5c1a239d

It was a very nice day in the market. The market, however, is not measured on one day nor one week nor one month results. We are down for 2018.

Markets do not like uncertainty in government, which, unfortunately is the one thing Trump serves up. We will see where this goes.

 

[Fletch]

Sure. That's what I said.

Or .... you just made one of the most ironic posts of the day. Quite the achievement.

Actually that is what you said. Your argument is that Trump is a dishonest stooge because he takes credit for the markets when they go up but doesnt accept blame when they go down. Thats true. But the opposite is true as well. Dems dont give him credit when the markets go up but blame him when they go down. That make the left just as dishonest and stooge-like as he is

 

[Amelia]

Actually that is what you said. Your argument is that Trump is a dishonest stooge because he takes credit for the markets when they go up but doesnt accept blame when they go down. Thats true. But the opposite is true as well. Dems dont give him credit when the markets go up but blame him when they go down. That make the left just as dishonest and stooge-like as he is

*yawn*

Don't yet get tired of being wrong so often?


Edit: I guess not or you would do something about that. In that way, you are like Trump. Being wrong is apparently a comfort level for you, and no amount of embarrassment incentivizes you to rise from that level. Like Trump.

 

[Fletch]

...ah no, the Dow Jones gained 201% during the Clinton administration and 176% during the Obama administration.

https://www.macrotrends.net/2482/sp500-performance-by-president

The market is only up 8% during the Trump administration.

Historically, the markets do much better during Democratic administrations, which deliver, on average 10% per year returns, compared to Republican administrations, which deliver less than 2% returns,

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#241b5c1a239d

It was a very nice day in the market. The market, however, is not measured on one day nor one week nor one month results. We are down for 2018.

Markets do not like uncertainty in government, which, unfortunately is the one thing Trump serves up. We will see where this goes.

So it is democrats that are responsible for the rich continuously getting richer. Glad you could clear that up.

 

[apdst]

...ah no, the Dow Jones gained 201% during the Clinton administration and 176% during the Obama administration.

https://www.macrotrends.net/2482/sp500-performance-by-president

Thus far, the market is only up 8% during the Trump administration.

Historically, the markets do much better during Democratic administrations, which deliver, on average 10% per year returns, compared to Republican administrations, which deliver less than 2% returns,

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#241b5c1a239d

It was a very nice day in the market. The market, however, is not measured on one day nor one week nor one month results. We are down for 2018.

Markets do not like uncertainty in government, which, unfortunately is the one thing Trump serves up. We will see where this goes.

The Dow is higher now than it ever was under Obama. Stop trying to lie your way out.

 

[apdst]

Yes "people" like stock market analysts uniformly say the Trump's trade war is a major reason that investors are jittery. That and "uncertainty" are the major causes of the sell off.

A bumcha people on this forum.

 

[SheWolf]

But it's higher than what it was on November 8, 2016. Apparently that's all that matters. Since all the gains which the market made after Trump was elected are his achievement, he is entitled to eff around with people's lives and livelihoods to his heart's content as long as the market doesn't go below below where it was at when he was elected. So he still has a few thousand points to fritter away and don't you dare complain about it.

Even if you're a manufacturer who is closing down because Trump raised the cost of production so high, or even if you are a farmer who is letting crops rot in the field because Trump killed the market for your product and costs of storage have risen so high.

We are in multiple trade wars. This isn't going to end well, and it's basic economics.

Trump supporters will constantly defend Trump, just like they constantly defended GWB until they were losing their houses and living on Ramen noodles. Maybe it's easier for them to argue that their elected leaders are a success no matter what, than it is for them to admit they made a mistake.

 

[dobieg]

...ah no, the Dow Jones gained 201% during the Clinton administration and 176% during the Obama administration.

https://www.macrotrends.net/2482/sp500-performance-by-president

Thus far, the market is only up 8% during the Trump administration.

Historically, the markets do much better during Democratic administrations, which deliver, on average 10% per year returns, compared to Republican administrations, which deliver less than 2% returns,

https://www.forbes.com/sites/peterl...-is-better-for-the-stock-market/#241b5c1a239d

It was a very nice day in the market. The market, however, is not measured on one day nor one week nor one month results. We are down for 2018.

Markets do not like uncertainty in government, which, unfortunately is the one thing Trump serves up. We will see where this goes.

The Dow stood at 18,613.52 the day Trump was elected. Today ended at 22,878.45.

Where do you get 8%?

 

[dobieg]

We are in multiple trade wars. This isn't going to end well, and it's basic economics.

Trump supporters will constantly defend Trump, just like they constantly defended GWB until they were losing their houses and living on Ramen noodles. Maybe it's easier for them to argue that their elected leaders are a success no matter what, than it is for them to admit they made a mistake.

We're at 3.7% unemployment and a GDP over 3%.


Please explain in your, "basic economics" how the sky is falling?

 

[Phys251]

A very nice recovery. Almost 5% back in your 401k.
The biggest one day point gain!


DOW RALLIES 1,000 POINTS, LOGGING ITS BIGGEST SINGLE-DAY POINT GAIN EVER

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 950 points higher as of 3:45 p.m. ET, while the S&P 500 gained 4.2 percent. The Nasdaq Composite outperformed, rising 5 percent.The Dow and S&P 500 traded lower earlier in the day.

Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 6 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 7.3 percent after the company said it sold a record number of items this holiday season.




Dow Jones Industrial Average (.DJIow Jones Global Indexes)

Real Time Quote
Last | 4:08:50 PM EST
22,878.45 +1,086.25 (+4.98%)

Good. I think. I say "I think" because this roller-coaster of a stock market still has had one nasty month to conclude one very mediocre year.

I miss the days of steady growth. That's what you want.

 

[VanceMack]

Poor sad leftists. Despite their best efforts..their greatest hopes and dreams of a massive economic collapse it doesnt seem to have happened just yet. Mind you...the rats are in control of the House now so in addition to the last 3 years of desperate attempts to destabilize the country and economy and their non stop empty headed Trump hatred, now they will have a better opportunity to try to further **** things up. So cling to your hatred and hope, leftists. All is not lost.

 

[noonereal]

The Dow is higher now than it ever was under Obama. Stop trying to lie your way out.

I have a friend. He was droped on his head as a kid. He has not been right since. He posts like you.

He does not associate properly, does not understand more than basics.

 

[noonereal]

Poor sad leftists. Despite their best efforts..their greatest hopes and dreams of a massive economic collapse it doesnt seem to have happened just yet. Mind you...the rats are in control of the House now so in addition to the last 3 years of desperate attempts to destabilize the country and economy and their non stop empty headed Trump hatred, now they will have a better opportunity to try to further **** things up. So cling to your hatred and hope, leftists. All is not lost.

what about the republicans who recognize the danger and stupidity of TRump?
Who recognize the idiocy of the typical Trump yahoo?

 

[Mycroft]

A very nice recovery. Almost 5% back in your 401k.
The biggest one day point gain!


DOW RALLIES 1,000 POINTS, LOGGING ITS BIGGEST SINGLE-DAY POINT GAIN EVER

https://www.cnbc.com/2018/12/26/us-futures-following-christmas-eve-plunge.html

Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session.

The Dow Jones Industrial Average traded 950 points higher as of 3:45 p.m. ET, while the S&P 500 gained 4.2 percent. The Nasdaq Composite outperformed, rising 5 percent.The Dow and S&P 500 traded lower earlier in the day.

Retailers were among the best performers on Wednesday, with the SPDR S&P Retail ETF (XRT) jumping 4.4 percent. Shares of Wayfair, Kohl's and Dollar General all rose at more than 6 percent. Data released by Mastercard SpendingPulse showed retailers were having their best holiday season in six years. Amazon's stock also jumped 7.3 percent after the company said it sold a record number of items this holiday season.




Dow Jones Industrial Average (.DJIow Jones Global Indexes)

Real Time Quote
Last | 4:08:50 PM EST
22,878.45 +1,086.25 (+4.98%)

Don't worry, Powell will fix that.

 

[upsideguy]

The Dow is higher now than it ever was under Obama. Stop trying to lie your way out.

Yes, but moot. The markets are about ROI. The aggregate number is completely irrelevant.. its only up 8%, which is 4% per year. Pretty pathetic, although above average for a Republican.

Lie? No pal, looking to the aggregate dollar, out of context to its return, is the lie.

 

[dobieg]

I have a friend. He was droped on his head as a kid. He has not been right since. He posts like you.

He does not associate properly, does not understand more than basics.

Must have hit his head real hard because he can't spell worth a sh** either.

 

[upsideguy]

The Dow stood at 18,613.52 the day Trump was elected. Today ended at 22,878.45.

Where do you get 8%?

...because these things are measured from the date of inauguration. We don't tend to ascribe things, positive nor negative, to Presidents until they assume the office. Obama was president for 10 weeks after election day.

It was at 19,827 on January 20, 2017.

https://markets.businessinsider.com/news/stocks/closing-bell-january-20-2017-2017-1-1001683234

That would make it up 15% since he took office. That would be for the DOW. The chart I showed in post 57 was the S&P 500, which is a broader index (500 v 30 companies). That chart was as of December 23, so it does not include today's nor Monday's market activity.

I would argue that it was Obama's economy for six months into the new administration because economies are like big ships, they work on momentum and take a long time to change course, but that is another discussion.

 

[VanceMack]

what about the republicans who recognize the danger and stupidity of TRump?
Who recognize the idiocy of the typical Trump yahoo?

There is a radical difference between not liking Trump...I dont like Trump and have said numerous times he is a douchebag...and desperately hoping for the failure of the president of the United States and by proxy...the country. One would have to be a moron of the highest magnitude to be so blinded by their mindless hatred that they literally want to see the country fail just to make Trump look bad. Sadly...THATS just how ****ing stupid many on the left are.

I wasnt a huge fan of Obama's. That being said I fully supported him as Commander in Chief. I lauded many of his efforts at stopping terrorism. Dont get that twisted...I wasnt a fan of his overall policies...but again...the difference between disagreeing with a person that you dont agree with politically and being mentally deranged over someone because of politics...well...surely YOU can see how ****ing stupid the latter is.

 

[trixare4kids]

It's Trump's fault.

Name a day of the week when it isn't...

Seriously, all the peeps who blamed Trump for the recent drop in the market should eat a little crow or sthup. :lol: