View previous topic :: View next topic |
Author |
Message |
mat-ty
Joined: 07 Jul 2007 Posts: 7850
|
Posted: Tue Feb 28, 2017 2:33 pm Post subject: |
|
|
techno900 wrote: | Trump's election may have boosted the market, but his election, clearly didn't cause a down turn.
Regardless, the market will tank sometime in the next year or two (maybe just a correction), but no doubt, Trump will get the blame.
No credit for going up, but blame for going down - liberal talking points. |
Trumps walks across water yesterday.
NYTs Headline.......Trump can't swim. |
|
Back to top |
|
|
boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
|
Posted: Tue Feb 28, 2017 2:39 pm Post subject: |
|
|
techno900 wrote: | Trump's election may have boosted the market, but his election, clearly didn't cause a down turn.
Regardless, the market will tank sometime in the next year or two (maybe just a correction), but no doubt, Trump will get the blame.
No credit for going up, but blame for going down - liberal talking points. |
Really? Which conservatives give Obama credit for the raging bull from 2009-2016? |
|
Back to top |
|
|
mrgybe
Joined: 01 Jul 2008 Posts: 5180
|
Posted: Wed Mar 01, 2017 11:28 am Post subject: |
|
|
Boggsy, Do we really have to explain? During Obama's term the Dow peaked at 18,500 in 3Q2016.........about 30% higher than the 4Q 2007 peak under Bush of 14,100. A gain of roughly 3% a year. The "raging bull" you refer to was in part a natural rebound from a hugely oversold state, in part due to the resilience of US companies who adapted to persistently weak economic conditions, and in large part due to the zero interest rate policy of the Fed. This despite a business hostile Administration who introduced a blizzard of new regulations, an array of new taxes and routinely bad-mouthed private industries. So, much like increased oil and gas production, the rally occurred despite the Administration, not because of its actions. In stark contrast, the "Trump rally" is based entirely on expectations of better economic conditions even with the prospect of higher interest rates.
I have doubts that the Trump rally is justified, but it is due entirely to his proposed policies. Clearly not the case for the previous incumbent. Completely different. You should know that. |
|
Back to top |
|
|
boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
|
Posted: Wed Mar 01, 2017 12:02 pm Post subject: |
|
|
Again, you can parse it anyway you would like to suit your argument, you have proven quite adept at such deceptive manipulation. In spite of all the horrible anti business measures Mr. Obama implemented, corporate profits still raged, and are still doing so, to the day. |
|
Back to top |
|
|
mrgybe
Joined: 01 Jul 2008 Posts: 5180
|
Posted: Wed Mar 01, 2017 12:10 pm Post subject: |
|
|
Boggsy, If you can't acknowledge that the actions of Obama Administration were unhelpful to the businesses that have secured your comfortable lifestyle, you are in denial. To continue my earlier example, there is not as shadow of a doubt that oil and gas production boomed during the Obama years despite his repeated attempts to stifle that industry's activities. That's why he doesn't, and shouldn't get the credit. |
|
Back to top |
|
|
boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
|
Posted: Wed Mar 01, 2017 12:44 pm Post subject: |
|
|
I didn't say that...I'm dealing with some of his misguided policies today...Techno assumed Trump will get blamed when the market inevitably tanks, and my point is that's the way its been since I've been alive(1966). |
|
Back to top |
|
|
jp5
Joined: 19 May 1998 Posts: 3394 Location: OnUr6
|
Posted: Wed Mar 01, 2017 1:09 pm Post subject: |
|
|
up to 21k today boggs, you got to be lovin life! |
|
Back to top |
|
|
boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
|
Posted: Wed Mar 01, 2017 1:10 pm Post subject: |
|
|
jpbassman wrote: | up to 21k today boggs, you got to be lovin life! |
ha ha....It's not a bad thing JP!! |
|
Back to top |
|
|
nw30
Joined: 21 Dec 2008 Posts: 6485 Location: The eye of the universe, Cen. Cal. coast
|
Posted: Wed Mar 01, 2017 1:27 pm Post subject: |
|
|
boggsman1 wrote: | jpbassman wrote: | up to 21k today boggs, you got to be lovin life! |
ha ha....It's not a bad thing JP!! |
"A clear sign of being overbought" (back a page), but at the same time "It's not a bad thing"?
Sounds like tail chasing to me. |
|
Back to top |
|
|
boggsman1
Joined: 24 Jun 2002 Posts: 9120 Location: at a computer
|
Posted: Wed Mar 01, 2017 2:27 pm Post subject: |
|
|
Nope...pretty simple...I'll translate it for you. We haven't had 13 straight up days since 1987. The ratio of insider selling is at it highest since 2007...BUT, I'm thrilled that the market is going crazy. |
|
Back to top |
|
|
|
|
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum You cannot attach files in this forum You cannot download files in this forum
|
|
|