• Here is a link to the full explanation: https://rollitup.org/t/welcome-back-did-you-try-turning-it-off-and-on-again.1104810/

The market

tet1953

tet1953

Well-Known Member
Remember when a drop in the Dow in the 100s of points was cause for alarm? A very rare occurence? Sure, the Dow was less than the 10-11,000 it is now, but even percentage wise like a 3% drop is substantial. And it is happening on a daily basis.
I am not panicked but I am concerned. I don't know if anyone alive has ever seen it like this, I certainly haven't. And I have 401k money that I am not that far from using.
 
hazyintentions

hazyintentions

Well-Known Member
tet1953 said:
Remember when a drop in the Dow in the 100s of points was cause for alarm? A very rare occurence? Sure, the Dow was less than the 10-11,000 it is now, but even percentage wise like a 3% drop is substantial. And it is happening on a daily basis.
I am not panicked but I am concerned. I don't know if anyone alive has ever seen it like this, I certainly haven't. And I have 401k money that I am not that far from using.
Click to expand...
This stock market has no backbone anymore due to the weak and unstable economy as well as the unpredictability of the government. Hey I noticed every time Obama makes a speech the market usually drops by a substantial amount; coincidence? I'll let you decide.

With that said the stock market is no longer a good barometer of the economy. So don't give it to must prudence.
 
tet1953

tet1953

Well-Known Member
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
 
hazyintentions

hazyintentions

Well-Known Member
tet1953 said:
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
Click to expand...
Yup, but it would be a huge coincidence if that happened every-time..
 
mame

mame

Well-Known Member
BendBrewer said:
Based on what the market was on the day he assumed office. Why do you have to be an idiot about it?
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He's just trolling at this point, they're all going to hate Obama no matter what he does... I mean, almost his whole plan revolves around tax cuts and incentives - something Republicans generally support - but since he proposed it, Republicans will now fight against it at all costs. herp derp
 
tet1953

tet1953

Well-Known Member
On January 20, 2009 (Inauguration Day) the Dow closed at 8000.86. Yesterday's close was 11295.81. That is actually an increase of 41.18%.

Edit: oops. double checked and it actually closed at 7949.09 on 01/20/2009. That makes the percentage change 42.10%.
 
dukeanthony

dukeanthony

New Member
tet1953 said:
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
Click to expand...
Emotions and Computer stock Trading
 
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