Here Comes the Recession

#502
#502
0nelilreb said:
Joe hadn’t got the memo then, I don’t believe . The DNC didn’t weigh in until the weekend before Super Tuesday . Once the decision was made everybody dropped and fell in line .
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It really was impressive how they turned Pete’s and Amy’s campaign into a Biden ground game within 24 hours . I’ll be the first to admit that . I’d love to have been a fly on the wall in the room when Jimmy Carter was talking to Pete . It’s just me but I think Obama probably called Amy . ( pure speculation on my part )
 
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#503
#503
UT_VOLS13 said:
Biden does not want to debate Sanders on Sunday, neither does the DNC.
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It’s lose lose for Biden and the DNC. Bernie will pose specific progressive positions to get Biden to commit. Which he will either gaffe or not commit to. And the Bernie Bros won’t support Biden then.

Or they cancel the debate for some BS excuse ... and the Bernie Bros won’t support Biden then.

Glorious 😂
 
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#505
#505
NorthDallas40 said:
It’s lose lose for Biden and the DNC. Bernie will pose specific progressive positions to get Biden to commit. Which he will either gaffe or not commit to. And the Bernie Bros won’t support Biden then.

Or they cancel the debate for some BS excuse ... and the Bernie Bros won’t support Biden then.

Glorious 😂
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Bernie bro’s don’t vote anyway.
 
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#512
#512
carlos86 said:
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The Fed is creating liquidity with the expectation they will get paid back. You know... just like they do with college loans?

Come back when the Fed opens up the vault and says “free money bitches!” and your tweet might have some relevance?

Btw I’m not in favor of the feds doing this. However to extrapolate the narrative in that idiot tweet is ridiculous.
 
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#513
#513
And voila! Just like that, Trump's much ballyhooed stock market gains are COMPLETELY WIPED OUT.

Gee. If we had only looked at his past record with bankrupting his firm, after firm, after firm, after firm... maybe we might have paused. Maybe we might have asked ourselves, "Gee whizz. I wonder if this Donald character maybe isn't the business genius that he claims to be!"

Hmmm.... If only the mass media had warned us all.

Casino owner failure.
Reality show flunky.
Hooker aficionado.

What a guy!

We should make him the most powerful man on Earth!

‘Wiped out’
By one measure, the sell-off has erased all of U.S. market cap gains since Election Day 2016, wiping out more than $11 trillion in value in less than one month as measured by the Russell 3000 index, according to Bespoke Investment Group.

On Feb. 19, total U.S. market value was just over $35 trillion, but it’s since fallen to $23.8 trillion — the same as it was on Nov. 8, 2016, according to Bespoke.

The Russell 3000 index is a barometer of the total stock market, encompassing shares of small caps, which have been harder hit during this market sell-off.

“At this point in time, all of the market cap gains seen since President Trump’s election victory have been wiped out,” wrote Paul Hickey, founder of Bespoke.

tajmahal.jpg
 
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#514
#514
MontyPython said:
And voila! Just like that, Trump's much ballyhooed stock market gains are COMPLETELY WIPED OUT.

Gee. If we had only looked at his past record with bankrupting his firm, after firm, after firm, after firm... maybe we might have paused. Maybe we might have asked ourselves, "Gee whizz. I wonder if this Donald character maybe isn't the business genius that he claims to be!"

Hmmm.... If only the mass media had warned us all.

Casino owner failure.
Reality show flunky.
Hooker aficionado.

What a guy!

‘Wiped out’
By one measure, the sell-off has erased all of U.S. market cap gains since Election Day 2016, wiping out more than $11 trillion in value in less than one month as measured by the Russell 3000 index, according to Bespoke Investment Group.

On Feb. 19, total U.S. market value was just over $35 trillion, but it’s since fallen to $23.8 trillion — the same as it was on Nov. 8, 2016, according to Bespoke.

The Russell 3000 index is a barometer of the total stock market, encompassing shares of small caps, which have been harder hit during this market sell-off.

“At this point in time, all of the market cap gains seen since President Trump’s election victory have been wiped out,” wrote Paul Hickey, founder of Bespoke.

View attachment 265914
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Wait, I was told that was Obama’s stock market and economy.. thanks Obama?
 
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#516
#516
MontyPython said:
And voila! Just like that, Trump's much ballyhooed stock market gains are COMPLETELY WIPED OUT.

Gee. If we had only looked at his past record with bankrupting his firm, after firm, after firm, after firm... maybe we might have paused. Maybe we might have asked ourselves, "Gee whizz. I wonder if this Donald character maybe isn't the business genius that he claims to be!"

Hmmm.... If only the mass media had warned us all.

Casino owner failure.
Reality show flunky.
Hooker aficionado.

What a guy!

We should make him the most powerful man on Earth!

‘Wiped out’
By one measure, the sell-off has erased all of U.S. market cap gains since Election Day 2016, wiping out more than $11 trillion in value in less than one month as measured by the Russell 3000 index, according to Bespoke Investment Group.

On Feb. 19, total U.S. market value was just over $35 trillion, but it’s since fallen to $23.8 trillion — the same as it was on Nov. 8, 2016, according to Bespoke.

The Russell 3000 index is a barometer of the total stock market, encompassing shares of small caps, which have been harder hit during this market sell-off.

“At this point in time, all of the market cap gains seen since President Trump’s election victory have been wiped out,” wrote Paul Hickey, founder of Bespoke.

View attachment 265914
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Oh look, it's another giddy democrat.
 
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#521
#521
VolStrom said:
So enlighten me oh wise one, what would you have done to keep the stock market at record highs?
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Never have pumped it up in the first place.

Every modern President has lived by this simple rule, to my knowledge. Yet, Dumb Donald bragged about it and inflated it and encouraged this bloated balloon waiting to pop. Every 35 hours he bragged about it at one point. Again, again and again. FFS.

Coronavirus Shows the Problem With Trump’s Stock Market Boasting
 
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#522
#522
#523
#523
This was inevitable whether the Dow was at 28k or 25k.

2 Months ago nobody knew about the Wuhan corninavirus, there was no oil price war between Russia and Saudi Arabia, and recession fears weren't overbearing.

I was surprised when the market didn't start declining when China began shutting down travel and quarantining cities back in late Jan I think. Figured they were just trying to wait it out to see if China would handle it. Nope.
 
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#524
#524
VolStrom said:
Great plan.
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What do you want man? Magic pixies flying out of my ass?

Stocks go up. Stocks go down.

Tend to go up slowly over long periods of time. Then crash down quickly. Normal stuff.

Have some homemade brownies or something. Add a little special something something in there. You'll be right as rain.
 
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#525
#525
carlos86 said:
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"Investors" blow bubbles in the markets. Something happens ... industrial strength investors take the inflated cash and pop the market. The something/cause/end of the world event/whatever and the initial market dip panic others into selling - the rout continues. When the industrial strength investors decide the plunge is relatively complete, they take their "sell high" cash and buy low. Its cyclical ... just never let a"crisis" go to waste. They periodically pump the market just like someone else would use a ratchet wrench - kinda has a lot to do with why the 1% have corralled a significant part of the country's "liquidity"
 
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