This Was The Worst Week For The Stock Market Since The Financial Crisis Of 2008

[Krugminator2]

Read my lips, too many tax hikes. And many threats of more tariffs & sanctions. Run away inflation and debt, tax, borrow & spend, print money....

And President Trump wants the fed to lower rates, yet another tax increase via inflation. END THE FED. Austrian economics, NOT Zimbabwe economics!

You convinced me......... This is a once every three year buying opportunity.

 

[oyarde]

You convinced me......... This is a once every three year buying opportunity.

I would hold out and see next week .

 

[Schifference]

I think SWN is a huge buying opportunity. $3.20 PE 3.49

 

[Krugminator2]

I would hold out and see next week .

I'm not so sure that is very good advice. You get paid to take risk.

 

[Stratovarious]

Read my lips, too many tax hikes. And many threats of more tariffs & sanctions. Run away inflation and debt, tax, borrow & spend, print money....

And President Trump wants the fed to lower rates, yet another tax increase via inflation. END THE FED. Austrian economics, NOT Zimbabwe economics!

-
What's with the; 'read my lips', I asked you to back up your claim;

How did Tariffs (against 'Tariffers'*) and Sanctions 'bring down' the economy?

*Those that have had tariffs against our products for years.
-

 

[Zippyjuan]

Dow up 1000 points today.

 

[oyarde]

Dow up 1000 points today.

Back over the 22 1/2 mark . Silver to 15.00 for the first time in a long time so Friday I will be expecting selloffs , until then I am just content to feel wealthy .

 

[Stratovarious]

Dow up 1000 points today.

Wow.
CNN will credit Obama for the surge &
It's Trump's fault that it wasn't 2000 pts.

 

[oyarde]

Wow.
CNN will credit Obama for the surge &
It's Trump's fault that it wasn't 2000 pts.

Sounds about right , in reality everything off the high since the election really is because the dems will have the house and people expect a more hostile to business attitude.

 

[oyarde]

I'm not so sure that is very good advice. You get paid to take risk.

Looks like you may have gotten it right on the money this morning .

 

[Zippyjuan]

Sounds about right , in reality everything off the high since the election really is because the dems will have the house and people expect a more hostile to business attitude.

High was in October-the third- a month before the elections.

 

[Stratovarious]

High was in October-the third- a month before the elections.

In 'Oct' I believed/hoped that Trump would keep his promise (de facto) and cleared a
Prison Cell for Hillary, there would have never been a peep out of Mueller with his
Russia Gate fantasy. Not keeping that promise allowed for the preemptive strikes against
Trump which would make any prosecution of Hillary appear as retaliation. Most of the impetus for constant attacks against Trump have been and are a 'Hillary Shield', a means
to protect her and the scores of high level officials that she could bring down, under pressure
of prosecution.
Comey belongs in prison for obstruction of justice, Mueller belongs in prison for his abuse of
power. Then there's Lynch, Holder, Obama, Bush, Bush, (the late) Reno...etc etc.............

 

[UWDude]

I call BS on that one. I've been one of the very few posting about the bubble. I can't tell you how many times I've read thru a thread on how great Trump made the economy and I'm the only one who mentions it's a bubble. Or a thread on how Trump will win in 2020 (a popping bubble will end Trump's chances). If everyone knew it's a bubble they simply wouldn't be posting stuff like that. And that also includes the Obama cheerleaders as well.

The bubble has been growing ever since the last crash in 2008. You can't keep rates at 0%, borrow 12 trillion, print 4 trillion and run half trillion trade deficits without causing a bubble.

The stock market is a bubble. It must correct eventually. But that does not mean the economy is in a bubble. I am doing way better than I have ever done in my life, by far, and my business tends to do better in recessions. (repair)

 

[devil21]

Dow up 1000 points today.

Wow, big rips like that never happen. Except twice in 2008.

 

[Madison320]

The stock market is a bubble. It must correct eventually. But that does not mean the economy is in a bubble. I am doing way better than I have ever done in my life, by far, and my business tends to do better in recessions. (repair)

I don't see how both the stock market and economy are not both massive bubbles.

That being said I have no idea if this latest drop is the beginning of the next big crash.

 

[oyarde]

Lets review where we are three days to New Years Eve . Dow back over 23K , Gold about 1275 , Silver about 15 1/4 , Brent Crude about 54 1/2 with the one yr forecast stabilizing at 53 . West Texas up 8 percent at about 46 1/4, Copper 2.71 . Are the big swings done between now and Jan 07 ?

 

[Zippyjuan]

Wow, big rips like that never happen. Except twice in 2008.

As a percentage gain (less than five percent), it isn't even in the Top 20. https://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average

 

[Krugminator2]

The primary purpose of the stock markets is to remove currency from the productive people and transfer it back to the originators and special entities like the Vatican, who the originators work for. Cyclical drawdowns are required in order to transfer it back to the originators. That is why it does not go up forever and will not.

Or it could just be fear and greed are what drive markets and human nature doesn't change......

http://www.dailyspeculations.com/Letter/cane.htm

Take Out the Canes

Henry Clews wrote in Twenty-Eight Years in Wall Street (1887):

“But few gain sufficient experience in Wall Street to command success until they reach that period of life in which they have one foot in the grave. When this time comes, these old veterans of the Street usually spend long intervals of repose at their comfortable homes, and in times of panic, which recur sometimes oftener than once a year, these old fellows will be seen in Wall Street, hobbling down on their canes to their brokers’ offices.

“Then they always buy good stocks to the extent of their bank balances, which they have been permitted to accumulate for just such an emergency. The panic usually rages until enough of these cash purchases of stock is made to afford a big “rake in.” When the panic has spent its force, these old fellows, who have been resting judiciously on their oars in expectation of the inevitable event, which usually returns with the regularity of the seasons, quickly realize, deposit their profits with their bankers, or the overplus thereof, after purchasing more real estate that is on the up grade, for permanent investment, and retire for another season to the quietude of their splendid homes and the bosoms of their happy families.”

 

[Influenza]

So another leftarian who loves the Federal Reserve, eh?

amazing how you gather such information from nothing at all

 

[Madison320]

How did Tariffs against 'Tariffers' and Sanctions 'bring down' the economy?

I'm not really disagreeing with you but I wanted to make a point about this. When the economy is a bubble, it's irrelevant what causes it to pop. The root cause of the problem was inflating the bubble to begin with. As Peter Schiff would say, "It's a bubble in search of a pin". If this is the actual popping of the bubble I predict most people are going to blame it on whatever pin they think supports their agenda. Could be "Trump's Tariffs". Could be the "Dems taking the House". But they're both wrong.

The real problem started back in 2009. That was when we dropped rates to 0%, nationalized the banks, launched QE, and started borrowing 2 trillion a year. It's impossible to avoid a crash once that happens. If there was a way to escape a crash from all that stimulus every country in the world would be rich. All they'd have to do is print and borrow their way to prosperity.