stock market was up today...

#11,126
#11,126
85SugarVol said:
He did tank it that day. Big time.

It was incredibly stupid to say what he did publicly.

It was so incredibly dumb that he reversed course in less than 24 hours. And rightfully so.
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Trump has no filter. I think everybody knows this by now, but the market is fickle. You can call him stupid if you want, but I would argue that selling into that kind of 'news' was far more retarded. Nothing structurally changed.
 
#11,127
#11,127
SpaceCoastVol said:
Trump has no filter. I think everybody knows this by now, but the market is fickle. You can call him stupid if you want, but I would argue that selling into that kind of 'news' was far more retarded. Nothing structurally changed.
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I agree that selling off of that was also dumb.

My only point was that 3 weeks out he should be doing everything possible to goose the markets, not be making statements that are going to roil the markets.
 
#11,128
#11,128
#11,132
#11,132
Stock market tanking doesn't bode well for Trump.

87% accurate since 1929 based on the 3 month period prior to the election.

"But Detrick says that a simple equity-market chart has been the best predictor of U.S. presidential elections since 1984, proving 100% accurate—and is 87% accurate since 1928.

The LPL analyst says that a chart of the S&P 500’s performance in the three-month period ahead of Election Day, which is Nov. 3 this year, has proven accurate over the past nearly four decades."

This stock-market metric has correctly predicted presidential election results since 1984
 
#11,133
#11,133
So who is the market expecting to win next week? Get your takes in now, not that after-the-fact revisionism stuff.
 
#11,137
#11,137
Velo Vol said:
So who is the market expecting to win next week? Get your takes in now, not that after-the-fact revisionism stuff.
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Harris. The market dive will be deep if the Rs don’t keep 51 seats in the Senate.

I think that the Ds took 2016 for granted and will be out in force. Trump’s only chance is if the fed up R voters are staying very quiet. The liberal screeching has been unbearable.
 
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#11,145
#11,145
Ernest T. Vol said:
Yes. They've been paying an increasing div a long time. I don't know what the payout ratio is but has to be ugly.
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I would think that they could avoid cutting it for several years if that is their priority. The roads are still choked with internal combustion vehicles and even if EVs do take over more oil will instead need to be burned at power plants.
 
#11,146
#11,146
Thunder Good-Oil said:
I would think that they could avoid cutting it for several years if that is their priority. The roads are still choked with internal combustion vehicles and even if EVs do take over more oil will instead need to be burned at power plants.
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I was hearing not too long ago they have the cash flow (borrowed a lot) to keep it up for a while...but I don't know about long term? I had some of it over several years when the price was in the 70's and hardly moved. But I don't trust it enough now even though the 11% div looks tasty.
 
#11,148
#11,148
Rasputin_Vol said:
Oh well, I guess their choice right now is to cut jobs rather than cut the dividend. How much longer can they hold out?

In Unprecedented Cost-Cutting, Exxon Is Firing 15% Of Its Workers To Keep Dividend
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One thing that really bothers me about the Leftists is their stance that workers deserve a loud voice in company decisions. No. Labor is a commodity. Anybody unhappy with their compensation has a free market to shop their skills in to the highest bidder or to get schooling and training to increase their value. Supply/demand should determine wages, not regulations and labor agreements with militants.

Companies exist for the benefit of their owners, not their employees.
 
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