Dow drops 653 points in worst Christmas Eve trading day ever - Polidicks

He's also claimed to have made money on businesses while they went bankrupt so I wouldn't put too much trust in that

Still going boys https://files.facepunch.com/forum/upload/238785/15c03b8e-f80e-4347-a630-b3b35c0759d7/image.png And then that peak in context

What part requires elaboration? It was a pretty straightforward statement.

https://files.facepunch.com/forum/upload/716/bb90a944-3d26-48fb-9c4c-e83370feb513/image.png UHHHHH yes but what makes him a shitlord

It looks to me like half of the gains since 2016 have been lost in recent weeks.

What are you saying? Here is the full data with Obama inauguration marked https://files.facepunch.com/forum/upload/238785/9f036aa9-d870-482a-8b49-57d4ad14e21e/image.png And then here is the section you showed (zoomed in), with Trump inauguration marked https://files.facepunch.com/forum/upload/238785/aa5e247e-f25e-439b-b83c-e30c8686ab9d/image.png Bearing in mind this is a 2 year span rather than 8 years, and there is always some lag

I mean I usually don't give much of a hoot about these "Dow Jones loses x amount of value" because usually it turns out that maybe it lost three months or gains or whatever (and if nothing else, the gains under Trump have been - on average - better than during the Obama years, so the significance seems dubious), and I'm not a stock trader, but this looks impressively shit. Let's see where it goes.

No. Take a look: https://www.macrotrends.net/2481/stock-market-performance-by-president https://www.macrotrends.net/2482/sp500-performance-by-president At this point in their tenures, the stock markets have performed mostly similarly under Obama and Trump, but the recent trends have made Trump fall very short. Obama came into office right at the beginning of the worst recession since the Great Depression, but the economy managed rather consistent growth during his entire administration afterward.

Yeah to be honest I was going off the top of my head, despite the graph on display. I will say, though, that I'm not sure comparing beginning of terms is necessarily the most "fair" thing to do. Yes, the early Obama years were the beginning of the recession, but the Dow Jones had (almost) already bottomed out when Obama got in. The markets during the 2014-16 and the 2017-18 years probably have more in common than 2008-9 and 2017-18. Either, the Trump term seems to have lost steam over the last year or so - I guess I was still stuck in the year 2017.

Oh lovely! /s

Dow soars 600 points as stock market bounces back Goes up the same day Trump goes on a surprise trip to Iraq https://i.kym-cdn.com/photos/images/newsfeed/001/250/498/dd3.png

Doesn't mean anything. the RSI index is still going down. There's going to be ups and downs each day or week, but in the long term. We're going down. We're in the bear market. https://puu.sh/CnE21.png Market from 2013-18 that drop at the end is this Year's Christmas Eve

Futures on the back of Wednesday's Wall Street surge the stock market giveth, the stock market taketh away

Investors do an incredible amount of research. They don't invest on a whim, at least the ones who stay in business longer than a month don't.

Again, day to day shit doesn't me jack shit in the long run. Cause we're currently in a Bear market. Also great job on showing how you barely understand this stuff.

the RSI index, even since there was a jump by 600 points yesterday. the RSI is still in decline, which means that no matter what ups and downs happen. In the long term, it's going to be a gradual decline. Compared to a Bull market where its a gradual climb.

november's gains didn't offset october's falls. A bear market is a sustained drop >20%, which this year's drop has met.

Negated by November how? All of the major indices ended November less than a percent from where they started it.

You're missing the point. After a drop in October, the stock market spending the next month not growing appreciably at all is a not a sign of improvement or recovery.