Bah, Hum Bug!!! Xmas sucks (if u own stocks)

[Jimdamick]

The Dow Jones Industrial Average continued plummeting Monday -- in a history-making session -- after U.S. Treasury Secretary Steven Mnuchin shocked investors worldwide over the weekend by tweeting that he had spoken unprompted to the CEOs of the six largest U.S. banks to ensure they were liquid.

It was the worst Christmas Eve trading session in U.S. history, experts said.

The Dow ended the day a dramatic 653 points lower at 21,792 in an abbreviated trading session ahead of the Christmas holiday. That's a decrease of 2.9 percent, adding to last week's fall of 6.8 percent.

"I do believe this was the worst Dec.24 in history," U.S. Global Investors head trader Michael Matousek told ABC News. "There hasn’t been a worse Christmas Eve since I started in the industry 22 years ago."

Last week was the index's worst in 10 years -- since the 2008 financial crisis. This month is currently on track to end as the worst December since the Great Depression.

And do you know what, boys and girls?

It's only going to get worse from now on (you know that deep down inside, don't you?), because it's only starting now to show the true reality of Trump's economic policies, which actually do nothing for the common person, but are great at creating massive debt for this nation and filling the coffers of the already filthy rich.

What else could possibly go wrong?

We'll see

Fuck Trump

 

[potroastV2]

This market is a BEAR!


Thanks trump chumps.

 

[UncleBuck]

The retarded and unwinnable trade war seemed like such a good idea though

 

[Sir Napsalot]

I care more about what my stocks will be worth when I go to cash them out in a few years

 

[Jimdamick]

I care more about what my stocks will be worth when I go to cash them out in a few years

With Trump at the helm, and with his track record, be ready to use them as toilet paper

 

[doublejj]

I don't have the nerve to look at my IRA today......

 

[Jimdamick]

I don't have the nerve to look at my IRA today......

The last Republican in office, GW, wiped mine out with his "Great Recession", so I don't have any cards left on the table.
Now it's simply MJ futures, which actually are promising.
Who would have thunk, eh?
Go Green, buy Bud, get High and make some Moola!!
That's my motto for the New Year!!

 

[doublejj]

The republicans own trump....they could get rid of him any time they wanted....this is a republican caused dumpsterfire....never forget it was the republicans...not just thump Fuck all republicans!

 

[zeddd]

“The biggest, most impressive economy in the history of economies”
Destroyed by me, Donald J Trump( Manhattan realtor, unlike father who only slumlorded Queens)

 

[Jimdamick]

The republicans own trump....they could get rid of him any time they wanted....this is a republican caused dumpsterfire....never forget it was the republicans...not just thump Fuck all republicans!

At one point the GOP stood together, almost all of them, and in 2015 called Trump an unethical, lying con-artist while he was campaigning
That shit all changed once he was finished conning the American public and won the election, and now they fucking OWN HIM!!!!!!
He has become the face of the New Republican Party, which is one that is full of angry old white men that liked things better when you could shoot Nigga's and Mexicans and Arabs in the streets and get away with it.
The only really good thing, if there is anything good at all about this Trump presidency, is that it exposed what a morally corrupt party the GOP truly is.
You would have figured that would have been accomplished after Nixon/Ford/Reagan/Bush/Bush, but nope, never happened.
I think that now things have changed, in the sense that watching the Pubs slink and grovel before this cocksucker has REALLY shown America and the World for that matter, how bankrupt they are, and will lead to the complete and utter DESTRUCTION OFF THE REPUBLICAN PARTY!!!!!
Whew, that felt GOOD!!!!

 

[blaze 57]

maybe one day the never Trumpers will grow a brain and figure out that equity market performance has nothing to do with the strength of the economy. Never has , never will.

and of coarse if you listen to CNN 24/7 propaganda right now they will make you believe the economy is crashing because the DOW is down.

All economic numbers point to a record breaking MAIN STREET economy. Trump is transferring money from Wall Street/China into the average Joe's pocket. This is what Trump said he would do before he was elected.

 

[ChiefRunningPhist]

maybe one day the never Trumpers will grow a brain and figure out that equity market performance has nothing to do with the strength of the economy. Never has , never will.

and of coarse if you listen to CNN 24/7 propaganda right now they will make you believe the economy is crashing because the DOW is down.

All economic numbers point to a record breaking MAIN STREET economy. Trump is transferring money from Wall Street/China into the average Joe's pocket. This is what Trump said he would do before he was elected.

What flavor the koolaid?

Lol transferring money from wall to main? Well let's see here, he gave a huge tax cut to main street and wall street, deregulated wall street and the reason we saw the market jump was from exaggerated earnings reports from a 1 time tax windfall. Notice how the banks didn't jump at all? Were shit the whole year? Ya, that's because they knew not to buy there own stock back right before a market inflection..

Trump has no clue wtf he's doing. Zero. The trade tensions isn't helping main street, or wall street, at all. Just causing the dems to bail him out with farm subisidies.. Oh wait, I thought taxes were bad?

The presidency has influenced this market with an extreme volatility, a tax bandaid, and ressecive downturn that was inevitable given his policies. No such thing as a free lunch.

 

[doublejj]

trump couldn't run a lemonade stand.....hes a fraud and a conman....lets see his taxes

 

[UncleBuck]

maybe one day the never Trumpers will grow a brain and figure out that equity market performance has nothing to do with the strength of the economy. Never has , never will.

and of coarse if you listen to CNN 24/7 propaganda right now they will make you believe the economy is crashing because the DOW is down.

All economic numbers point to a record breaking MAIN STREET economy. Trump is transferring money from Wall Street/China into the average Joe's pocket. This is what Trump said he would do before he was elected.

Trump is borrowing money from China to give to farmers so they won’t sell to China

The deficit is skyrocketing and the trade deficit is at an all time high

 

[Bear420]

At one point the GOP stood together, almost all of them, and in 2015 called Trump an unethical, lying con-artist while he was campaigning
That shit all changed once he was finished conning the American public and won the election, and now they fucking OWN HIM!!!!!!
He has become the face of the New Republican Party, which is one that is full of angry old white men that liked things better when you could shoot Nigga's and Mexicans and Arabs in the streets and get away with it.
The only really good thing, if there is anything good at all about this Trump presidency, is that it exposed what a morally corrupt party the GOP truly is.
You would have figured that would have been accomplished after Nixon/Ford/Reagan/Bush/Bush, but nope, never happened.
I think that now things have changed, in the sense that watching the Pubs slink and grovel before this cocksucker has REALLY shown America and the World for that matter, how bankrupt they are, and will lead to the complete and utter DESTRUCTION OFF THE REPUBLICAN PARTY!!!!!
Whew, that felt GOOD!!!!

How True it is.....I even feel better after reading that. Ty.

 

[ttystikk]

I took my daughter's college fund out of the stock market back in September.

This next recession will be nasty, especially for 'Main Street'.

The Republicans will try to bail out the banks again. The Democrats will help them.

The average American will get fucked. Again.

So tell me again why Democrats are so much better for average Americans than Republicans?

 

[Bear420]

trump couldn't run a lemonade stand.....hes a fraud and a conman....lets see his taxes

Ya know that was another thing I don't hear from his side of the fence. He Promised if he won the Election he would show his taxes.

Well Commander Bone Spurs, where are they ? Just another Promise gone in the shitter like he's trying to do with the U.S. and our Allies. He sure is a piece of work. The kind of work I do in the morning after my Coffee.

Happy New Year to all and hopefully a better one.

 

[ANC]

Gold went up a shitload but it is only useful as long as there is a semblance of order still going.
The Main form of payment for most of our civilised history is silver. Heck, even Judas got paid in it.

 

[Bear420]

History could portend a bad omen for President-elect Donald Trump: recessions are more common under Republican presidents.

Every Republican president since Teddy Roosevelt in the early 1900's endured a recession in their first term, according to an analysis from Sam Stovall, chief investment strategist at stock research firm CFRA. Four Republican presidents suffered through two recessions while in office and Republican President Dwight Eisenhower presided over three. Meanwhile, Democrats have largely skated past the recession quicksand. Four in five Democratic presidents saw no recessions during their terms since 1945, Stovall says.

While history isn't gospel, the track record makes the odds that a recession might appear during President Trump's term all the more likely, Stovall says. "From a probability perspective, a recession is very likely in President Trump’s first term in office," he says.

Interestingly, recessions aren't the only indicator of economic slowdown that appear during times of Republican presidents.

Real GDP growth, a measure of economic activity in the U.S., averaged 3.33% during the 64 years and 16 presidential terms going back to President Truman in the mid-1940s, according to a 2013 research paper by professors of economics Alan Blinder and Mark Watson at Princeton University. With a Republican in the White House, though, the economy's growth slowed to 2.54%, the economists found. With a Democrat in office, growth jumped to 4.35% on average. A variety of other economic indicators, such as per capital GDP, stock market returns, real wages and the change in the unemployment rate, are also more robust with a Democratic president, the economists found. Unemployment fell by 0.8 percentage points with a Democratic president on average, while it rose 1.1% with a Republican.


"The U.S. economy has performed better when the President of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance," according to the report titled "Presidents and the Economy: A Forensic Investigation."

Academics and market historians are trying to figure out why the economy tends to stall out with a Republican president. Such research that is all the more timely given Trump's largely unexpected win for the high office this month. Research offers a few suggestions, including:

* Random "good luck." Democrats have had the fortune of being in office when favorable random shocks go their way during their terms, Blinder and Watson found. Big drops in oil prices, positive boosts in productivity and also optimistic consumer outlooks tend to occur during Democratic administrations, they said. None of these factors are tied directly to the actions of the president, the professors found, These three factors explain upwards of 62% of the better economic performance.

* Lag times for policies to kick in. Evidence pointing to better economic growth under Democrats is an illusion created by the timing of when presidents enter office, says Timothy Kane at the Hoover Institution think tank at Stanford University. Factoring in the one-year lag between the time a new president is elected and when the policy effects kick in, "there is no statistically significant advantage for either party in the White House," Kane says. Presidents inherit problems that were created by policy decisions before they were elected, Kane says. Presidents Reagan, Bush and Obama faced recessions after they were inaugurated in 1981, 2001 and 2009, respectively he says.


Just kind of interesting

 

[Fogdog]

maybe one day the never Trumpers will grow a brain and figure out that equity market performance has nothing to do with the strength of the economy. Never has , never will.

and of coarse if you listen to CNN 24/7 propaganda right now they will make you believe the economy is crashing because the DOW is down.

All economic numbers point to a record breaking MAIN STREET economy. Trump is transferring money from Wall Street/China into the average Joe's pocket. This is what Trump said he would do before he was elected.

Really? You brag about Trump returning the economy to the growth rate last seen during Obama's second term?