The Height of Stupidity/Incompetence - DOW down 500 points

[tres borrachos]

How is it possible that Trump be running a country when he can't even run a business without help from the Russians. After all, the Russians are not about to help us run this country other than run it into the ground and Trump is already doing that by himself.

They just sit and watch, and laugh their heads out as well as give themselves high fives for the coup that Putin accomplished by getting Trump elected.

We are such saps.

Dow set to drop more than 200 points after Trump threatens new tariffs on Mexico

Thanks, Trump!

 

[jnug]

Thread title: The Height of Stupidity/Incompetence - DOW down 500 points

I DISAGREE!

This is not nearly the zenith of the Stupidity/Incompetence and may I add unscrupulousness that DonDon is capable of reaching.

For example, He has already got the knife stuck in the backs of his "loyal supporters".....glug, glug, glug....somebody lend me a boat so i can check my mailbox....glug, glug, glug.....

Whats that I smell.

"glug, glug, glug, its my harvest rotting in the silos....glug, glug, glug"

Wait till he twists the knife in their backs.

Oh and the US auto industry. New Mexico tariffs projected to mean 3 million less cars assembled in the US. So there goes another shoe dropping on the Trump base.

 

[Craig234]

Pure and unadulterated incompetence.

Is it incompetence, or is it competence at destroying the country as he wants to?

 

[Craig234]

Definitely a good time to buy stocks

I sure the hell wouldn't. Things are poised for a good chance of a big crash.

 

[Craig234]

How is it possible that Trump be running a country when he can't even run a business without help from the Russians. After all, the Russians are not about to help us run this country other than run it into the ground and Trump is already doing that by himself.

They just sit and watch, and laugh their heads out as well as give themselves high fives for the coup that Putin accomplished by getting Trump elected.

We are such saps.

No, Republican voters are. To be fair, they're the target of massive propaganda.

 

[Luckyone]

Definitely a good time to buy stocks

go ahead and do it.

 

[Luckyone]

Is it incompetence, or is it competence at destroying the country as he wants to?

Good question but the fact is that it is either incompetence or treason and we must first give him the benefit of the doubt, shouldn't we?

 

[Craig234]

Good question but the fact is that it is either incompetence or treason and we must first give him the benefit of the doubt, shouldn't we?

Nope, I think he has lost that assumption. Of course it could be both.

 

[Amelia]

Is it incompetence, or is it competence at destroying the country as he wants to?

I am certain that he doesn't have the goal of destroying the country.

But his veneer of love for the country is as shallow as he is, and about as authentic as his conservatism.

It's mostly incompetence.

 

[Craig234]

I am certain that he doesn't have the goal of destroying the country.

But his veneer of love for the country is as shallow as he is, and about as authentic as his conservatism.

It's mostly incompetence.

You can't be certain of that. I've seen a psychiatrist say that trump's mental state is trying to destroy things. He was asked, does that include destroying the United States, and he said yes. Lots of evidence for it. And his background of destroying so many businesses losing more than any other American says something.

 

[Amelia]

You can't be certain of that. I've seen a psychiatrist say that trump's mental state is trying to destroy things. He was asked, does that include destroying the United States, and he said yes. Lots of evidence for it. And his background of destroying so many businesses losing more than any other American says something.

There are nuances here. He can be destructive without the goal being to try to destroy the country.

He's a terribly destructive person. And he's delusional to the point of thinking that his haphazard improvisation is up to the task of solving epically complicated problems.

Though destruction is his M.O. he appears to believe that the end result of his destructive activities can be something for which he should earn great accolades. He's trying to win credit for good things happening in the country. He's not intentionally demoralizing the country. Not intentionally screwing with the stock market. If he wanted the stock market to tank, he wouldn't be trying to pressure the Fed into lowering interest rates and renewing quantitative easing. He just has no impulse control to save himself and us from his insanity.

 

[Condor060]

China and the U.S. had been ironing out the details of the trade agreement and China's trade minister was due to arrive in Washington this week to finalize everything by May 10th and that Xi and Trump would then announce a date when it could be announced officially.

Nonetheless, restless Trump:



and now:



Talk about stupidity and incompetence. This takes the cake. The DOW is down 500 points as I write this post and everything that has been gained with the good earnings and economic reports over the past 4 weeks has been lost by one Trump tweet.

Read all about it here:

Give me a shout when Trumps 24,000 stock market hits Obamas 16,700. Until then, it just pandering for something to hate on.

 

[gdgyva]

I sure the hell wouldn't. Things are poised for a good chance of a big crash.

you guys keep up with your "the sky is falling" routine....in the meantime, i will continue to invest and add to my portfolio

markets fluctuate....and there are some stock prices that are way too high for my taste

others that are right in my buy zone....

depends on if you run scared....i look at the long trend....and companies like a SYY (sysco foods) will keep paying during good times and bad....

if you are a trader....buyer beware....if you need your money in 2-3 years....buyer beware

if you are in your 30's or 40's and arent buying stocks, shame on you!

 

[Craig234]

Give me a shout when Trumps 24,000 stock market hits Obamas 16,700. Until then, it just pandering for something to hate on.

What a clueless statement. It's about the percent changes, not the absolute numbers.

Hm, let's see who did better, after Obama inherited the Great Recession and had to try to help fix that.

While handing off a good economy to trump.

So, 71% sucks, but 21% is incredible! Just ask trumpistas.

 

[Amelia]

What a clueless statement. It's about the percent changes, not the absolute numbers.

Hm, let's see who did better, after Obama inherited the Great Recession and had to try to help fix that.

While handing off a good economy to trump.

So, 71% sucks, but 21% is incredible! Just ask trumpistas.

Yep.

And most of Trump's rise is from when he was coasting on Obama's good economic numbers for the first year, plus a little juice with the huge tax cuts for shareholders. Then he decided that Obama was getting too much credit for it, so like with everything else where he has tried to rub out Obama's accomplishments and rebrand it as his, he decided to start his trade wars. Hence the markets going negative for 2018. And here we go again. Just when the markets were recovering after last year's trauma, boom! Put the pedal to the metal again on the trade wars.

 

[Condor060]

What a clueless statement. It's about the percent changes, not the absolute numbers.

Hm, let's see who did better, after Obama inherited the Great Recession and had to try to help fix that.

While handing off a good economy to trump.

So, 71% sucks, but 21% is incredible! Just ask trumpistas.

Yeah, Thats cute. I guess you wouldn't have a clue what 141 historical highs in the Stock market would actually mean so here is a graph from when Obama left office to Trumps first two years.

Enjoy

 

[Luckyone]

Give me a shout when Trumps 24,000 stock market hits Obamas 16,700. Until then, it just pandering for something to hate on.

Check out the thread I put up this morning called "Interesting fact about Trump and the stock market". It will answer your question

 

[jnug]

Though I have mentioned this before when trying to answer the question of how to actually deal with Unauthorized Immigrants its worth mentioning again that the entirety of our problem now has its genesis in the Northern Triangle countries. Spending billions of dollars on a wall while concurrently cutting aid to those countries is laughably absurd. Blaming Mexico, also laughably absurd.

We often hear news of the violence in the Northern Triangle but hardly ever hear analysis of the genesis for that violence. In the main, its hunger. Gangs control what food assets there are. Famine is the root cause of the hunger and yes folks, you guessed it climate change induced famine. The same thing that plagues Syria and drives migrants to Europe from Syria.

instead of building walls or trying to and blaming neighbors we need to deal with the issues that drive people from the Northern Triangle North to us in the first place. Those would be the consequences of our endless meddling in their governments and unwillingness to deal with issues like Climate Change and their consequences. My God we don't deal with the consequences of climate change realistically in our own country. So I suppose I should not be surprised when we don't deal with it within the Hemisphere and just want to whine about the consequences....find somebody to blame.

We need to restart aid to the Northern Triangle and we need to bump it up significantly. We need to do for the Northern Triangle what we have done for Mexico which is why we no longer have an Unauthorized Immigrant problem that has its genesis in Mexico.

We need to stop screwing around, yammering at each other while considering nebulous, unsupportable options like THE WALL. Stop for God sake. Upgrade our border security in ways that make sense and that are efficient expenditures of money. Process Asylum seekers faster and for those that should go back (the bulk of them) send them back to a place where they can at least believe they will not die of hunger the two weeks after we dump them back there. Help feed them and help rebuild their economies. Then deal with Visa overstays and the job market for Unauthorized Immigrants here and you are basically out of the woods. No wall, no stupidassed horse dung arguments....OVER....problem solved.

As for DACA and DAPA recipients, they are staying. Stop yammering over that one too.

 

[Luckyone]

Yeah, Thats cute. I guess you wouldn't have a clue what 141 historical highs in the Stock market would actually mean so here is a graph from when Obama left office to Trumps first two years.

Enjoy

View attachment 67257476

Check this chart out. Notice the high on the left which is at 26616 that was made in January 2018 and it is now 17 months later and the DOW has not made any gains and closed on Friday at 24815, which is almost 2000 points below that January 2018 high, meaning that for all of this time, Trump has not been able to generate any new buying interest.

The initial rally to 26616 from 18668, which was the high of the Obama years, was based on the tax cut and deregulation that was put together by Congress (not Trump, he just signed) was to be expected as the market always rallies on tax cuts and deregulation. Since then, Trump has done NOTHING to stimulate the market.

By the way, in this chart you can see the objective of this move down, which is the 23500 level, which will mean that under Trump the market will fall down about 3000 points.

 

[Condor060]

Check this chart out. Notice the high on the left which is at 26616 that was made in January 2018 and it is now 17 months later and the DOW has not made any gains and closed on Friday at 24815, which is almost 2000 points below that January 2018 high, meaning that for all of this time, Trump has not been able to generate any new buying interest.

Wrong, but funny. What it means is in a rapidly increasing stock market people tend to over extend and have greater expectations until the market hits its Plateau. It will then stabilize and have its highs and lows. Trumps stock stabilization number is about 25000 and the markets have gone about and below that number on a weekly basis. What did you think? It was going to continue to climb forever?

The initial rally to 26616 from 18668, which was the high of the Obama years, was based on the tax cut and deregulation that was put together by Congress (not Trump, he just signed) was to be expected as the market always rallies on tax cuts and deregulation. Since then, Trump has done NOTHING to stimulate the market.

Where do you get this stuff? You're just making it up. Trumps election promise was to deregulate so businesses would flourish and hire more people. He did it and it worked. And you expect people to believe that Trumps 141 historical highs in the markets (Highest in the history of our country) was just a normal market rally? Please.

By the way, in this chart you can see the objective of this move down, which is the 23500 level, which will mean that under Trump the market will fall down about 3000 points.

Sorry, made up ideas are just that. Made up ideas.

 

[Luckyone]

Wrong, but funny. What it means is in a rapidly increasing stock market people tend to over extend and have greater expectations until the market hits its Plateau. It will then stabilize and have its highs and lows. Trumps stock stabilization number is about 25000 and the markets have gone about and below that number on a weekly basis. What did you think? It was going to continue to climb forever?



Where do you get this stuff? You're just making it up. Trumps election promise was to deregulate so businesses would flourish and hire more people. He did it and it worked. And you expect people to believe that Trumps 141 historical highs in the markets (Highest in the history of our country) was just a normal market rally? Please.



Sorry, made up ideas are just that. Made up ideas.

First of all, let me state for you (because others already know this), that I am a stock analyst and have been trading stocks for 42 years. I worked as an analyst for Merrill Lynch and Pru-Bache when they were the #1 and #2 in the industry. As such, I know more about the market and what makes it tick in my pinkie finger than you and all the people in your neighborhood know.

I did not say that the market went up normally. I said it went up because of the tax cut and deregulation. The market always goes up when there is a tax cut. What I did say is that Trump has nothing to do with it other than getting elected. The tax cut and deregulation was something the Republican Congress wanted to do for years, before Trump was even in the picture. As such, he did not bring the rally other than because a Republican got elected President. Mickey Mouse would have brought about the same rally in the market if he was Republican and got elected.

As far as the charts are concerned, let me tell you that I am an ace chartist. I sell a charting service to my subscribers and have a 12 year public track record of success. 8 out of 10 times, the indexes will end up doing what I predict unless there is a fundamental change. Right now, 23,500 in the DOW is the "minimum" that is going to be seen as long the the trade war is not resolved. It is entirely possible that the DOW will make a new low below Decembers low at 21712 and if it does, the DOW in the Trump era will barely have made any strides.

 

[bullseyelqcs]

Yeah, Thats cute. I guess you wouldn't have a clue what 141 historical highs in the Stock market would actually mean so here is a graph from when Obama left office to Trumps first two years.

Enjoy

View attachment 67257476

How about the part of the chart that would come before that chart starts, showing where the average was BEFORE Obama took office.? You know, the part that would show how far in the ****ter the DOW was when he started vs. where it ended up when he finished.

Perspective and full details matter. Cherrypicking makes your argument look foolish.

 

[jnug]

Mick Mulvaney's take on the tariff war is so painfully naive that its quant. Can't you just see little white boy Mick sitting on his front porch playing with his yo-yo waiting for mom's apple pie to finish cooling on the window ledge? I CAN!

 

[Condor060]

How about the part of the chart that would come before that chart starts, showing where the average was BEFORE Obama took office.? You know, the part that would show how far in the ****ter the DOW was when he started vs. where it ended up when he finished.

Perspective and full details matter. Cherrypicking makes your argument look foolish.

IF Obama had ANY historical highs it would make sense to show them, but he didn't. The chart isn't cherry picking as it starts the day Trump won the election. Obama's highest was around 19,000 and the charts starts with Obamas market at the time of 18,500 and how Trumps market hit 141 historical highs in just over a year in office which means there woulnd't be anything to compare it to or would even come close.

 

[vegas giants]

First of all, let me state for you (because others already know this), that I am a stock analyst and have been trading stocks for 42 years. I worked as an analyst for Merrill Lynch and Pru-Bache when they were the #1 and #2 in the industry. As such, I know more about the market and what makes it tick in my pinkie finger than you and all the people in your neighborhood know.

I did not say that the market went up normally. I said it went up because of the tax cut and deregulation. The market always goes up when there is a tax cut. What I did say is that Trump has nothing to do with it other than getting elected. The tax cut and deregulation was something the Republican Congress wanted to do for years, before Trump was even in the picture. As such, he did not bring the rally other than because a Republican got elected President. Mickey Mouse would have brought about the same rally in the market if he was Republican and got elected.

As far as the charts are concerned, let me tell you that I am an ace chartist. I sell a charting service to my subscribers and have a 12 year public track record of success. 8 out of 10 times, the indexes will end up doing what I predict unless there is a fundamental change. Right now, 23,500 in the DOW is the "minimum" that is going to be seen as long the the trade war is not resolved. It is entirely possible that the DOW will make a new low below Decembers low at 21712 and if it does, the DOW in the Trump era will barely have made any strides.

I am 80 percent in bonds now. The bulls are done. Trump can not keep this artificial bull going for ever. He is just making the eventual crash worse