[QUOTE=Untouch;53111123][t]https://cdn.discordapp.com/attachments/121566911837241344/410226801617403904/1517868696096.png[/t]
:thinking:[/QUOTE]
[URL="https://twitter.com/ShaunUsher/status/960632508865024000"]Fake news.[/URL]
Like, actually fake. It's a parody that hit too close to the mark.
Edit: Goddammit.
[QUOTE=gman003-main;53111131][URL="https://twitter.com/ShaunUsher/status/960632508865024000"]Fake news.[/URL]
Like, actually fake. It's a parody that hit too close to the mark.
Edit: Goddammit.[/QUOTE]
When reality and satire/parody lines are blurred, you live in 2018. Welcome to the future.
[QUOTE=abananapeel;53110784]lol just my luck. When I first learned about the stock market in school, we did a little project where we pretend to buy stocks, then sell them for a week. That was the week of the big crash in 2008, so no one came out green after. 10 years later, my roommate tells me about the Robinhood app, and I actually buy stocks, and there's another huge crash.[/QUOTE]
Let me know when you are thinking about investing again... for reasons.
So is this pretty much where Obama's great accomplishments Trump takes credit for ends?
[QUOTE=Megadave;53111912]So is this pretty much where Obama's great accomplishments Trump takes credit for ends?[/QUOTE]
No. This is a small correction.
And economics are far more complex than the decisions of a single president.
[QUOTE=Harbie;53111914]No. This is a small correction.
And economics are far more complex than the decisions of a single president.[/QUOTE]
This is a normal market fluctuation and it is unlikely that the President has a strong influence on either the value of the Dow or the moment-by-moment momentum of the economy. The point is that Trump has been using the rising stock market as a proxy for his worth and value as a President, even though the economy and the stock market are two different things.
When he was a contender for GOP nominee, he bragged about his poll numbers being better than his competitors. When he was nominated as GOP candidate, he went up against Hillary who had better poll numbers than him so he moved the goalposts to cherrypicking polls that were kinder to him or that showed a narrower gap behind Hillary than the rest. When he won the electoral college but lost the popular vote by three million votes, he bragged about the electoral college numbers and claimed the popular vote was [I]stolen[/I] by fraudulent votes he has no evidence for. Once he took office his popularity tanked in record time so he began bragging about the bullish market as if it was responding directly to his (in)actions instead.
Now that the Dow is going back down in what may be a full-on correction (10% or more) after a bull market, Trump is probably going to be very hesitant to refer to it as a yardstick for how successful a President he is. [I]Yes,[/I] a market correction is a normal and expected thing, and it is not doom and gloom for the market, but if Trump is going to claim credit for the climb he can't duck responsibility for the consequent fall.
With any normal, sane presidency, this wouldn't be a big deal. Simply point out that market corrections are a normal and healthy aspect of the market and move on. Of course, a sane presidency would probably be hesitant to even claim credit for a bull market because of the poor optics when it did inevitably go down again. But, in the current state of things, we're likely to hear [QUOTE=J!NX;53110701]Obama did it.[/QUOTE]
instead.
Stocks are recovering as of 10:16 am and volatility is falling. The fall yesterday seems to have been just a correction.
[QUOTE]“I think what you have is, this is a correction, not the start of an economic recession,” said Brent Schutte, chief investment strategist of Northwestern Mutual Life Insurance Co.’s wealth-management unit. “Corrections occur when people are positioned wrongly and have to position for the new environment. They can be sharp, but short.”[/QUOTE]
[URL="http://www.bloomberg.com/news/articles/2018-02-05/stock-plunge-seen-deepening-in-asia-as-u-s-slides-markets-wrap"]https://www.bloomberg.com/news/articles/2018-02-05/stock-plunge-seen-deepening-in-asia-as-u-s-slides-markets-wrap[/URL]
And just some basic advice, [I]Never buy high and sell low.[/I]
[QUOTE=Bob The Knob;53110685]Sorry to go political straight out of the gate, but I do want to see how the President explains this after boasting about the stock market at every opportunity[/QUOTE]
Sean Hannity blamed it on obama
edit: [url=https://www.mediamatters.org/video/2018/02/05/sean-hannity-blames-obama-historic-market-crash/219279]proof[/url]
I wonder who's responsible for all th-
[media]https://twitter.com/dril/status/959646059126550528[/media]
end the fucking world already. fallout 4 VR is glichy as fuck.
[QUOTE=elixwhitetail;53111926]But, in the current state of things, we're likely to hear [QUOTE=J!NX;53110701]Obama did it.[/QUOTE]
instead.[/QUOTE]
[QUOTE=Lambeth;53112379]Sean Hannity blamed it on obama
edit: [url=https://www.mediamatters.org/video/2018/02/05/sean-hannity-blames-obama-historic-market-crash/219279]proof[/url][/QUOTE]
Fucking clockwork
Then again, Hannity is basically Alex Jones II at this point. Expecting him not to blame Obama would've been the bet against the odds.
[QUOTE=elixwhitetail;53112800]Fucking clockwork
Then again, Hannity is basically Alex Jones II at this point. Expecting him not to blame Obama would've been the bet against the odds.[/QUOTE]
I resent that comparison. Alex Jones is way more entertaining than Hannity.
[QUOTE=Harbie;53112829]I resent that comparison. Alex Jones is way more entertaining than Hannity.[/QUOTE]
That's because Alex Jones is just playing a character, as he openly admitted during his custody hearings. Sean Hannity has legitimately gone insane and actually believes all the shit he spews.
[QUOTE=elixwhitetail;53112800]Fucking clockwork
Then again, Hannity is basically Alex Jones II at this point. Expecting him not to blame Obama would've been the bet against the odds.[/QUOTE]
I fucking told you Obama did it
[editline]7th February 2018[/editline]
I hope they soon release a picture of Obama sneaking around messing with the Dow Jones further proving my point
The fascist must be stopped, release the phonecalls!
[editline]7th February 2018[/editline]
[QUOTE=Man in the Moon;53111085]What does this mean for your average Joe working paycheck to paycheck?[/QUOTE]
Most things even on the highestlevel don't affect you as much as local politics/economics as far as i see it
Ignoring anything big they do that does in fact affect the entire country
The Dow shit itself again, today was the second biggest drop ever, after Monday. It's now below where it was at the start of 2018
[url]https://www.marketwatch.com/story/dow-tumbles-into-correction-territory-with-a-1030-point-tumble-falls-10-from-its-peak-2018-02-08[/url]
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