The charts show the Dow will drop below 20,000 in the next crash. The last time the charts looked like this was right before the February 2020 crash. It doesn't matter who is potus or who is in charge of the fed. US law allows the market makers to bankrupt the global economy by saying they're too big to jail.
Dow closing in on 40K
- Thread starter BartenderElite
- Start date
Althea
Althea told me...
The Fed seems to step in during crisis, and it always benefits the market. Not by design, IMO. During Covid, the Fed pumped billions into corporate bonds aimed at keeping corporations liquid in order to retain jobs, or hire.
They did neither. They took the money and bought back shares, increased dividends, and took higher bonuses.
That ended when Biden took office, but the market still seems to be fine.
Joe Capitalist
Racism is a disease
Wow, that's quite impressive. Four years ago, the Dow was at 26,344. That's a very nice gain in wealth for all Americans.
God bless Bidenomics!!!
Can't you just hear the MAGA morons soiling their diapers?
Joe Capitalist
Racism is a disease
There is no such chart. it doesn't exist.
You're just full of shit. Of course the MAGA morons may believe it because they love to swallow bullshit.
They swallowed The Big Lie so there you go.
I can post the charts anytime I want but then I'd have to explain the history and market cycles to those who get their economic news from cnbc.
The irony is the Dow is projecting to go below 20,000 in 2024, so we only have 8 months to see if the charts are correct once again.
Phyllis Diller
Was it me?
I'v educated you about dozens times on your simplistic and stupid views.
You will NEVER get prices to come down in any meaningful way that is not a blip. Consumer goods,, housing, etc only goes up and to the right.
The way you deal with that, is raising wages to out compete.
Go back to the early 1900's to today and the most prosperous time in American history and what i say is absolutely FACT and TRUE.
no. you're an idiot.
you're a brainwash victim.
business is fine.
stupidity is stupid.
PostmodernProphet
fully immersed in faith..
Joe Capitalist
Racism is a disease
Of course you won't post the chart because it doesn't exist. The MAGA morons may believe it exists without seeing it but then, they're gullible, they'd swallow anything.
And your excuse for not posting is laughable. You may fool the MAGA morons but you're not going to fool anyone with a brain that thinks for themselves.
Now, I'll ask you one more time, show us this chart and tell me who is the author of this supposed chart.
A non-answer from you will speak volumes and prove you're full of shit.
PostmodernProphet
fully immersed in faith..
I am profoundly encouraged by the fact the left plans to run on Biden's economic policies.......we plan to as well......
You won't be able to read them, that's why 2024 is so important. If the archies stay with the database change over, we'll all get to see how and why liberals are full of crap.
Joe Capitalist
Racism is a disease
Because the charts don't exist. Just like I said. All you have to do to prove you're right and I'm wrong is to post the chart.
The fact that you won't speaks volumes about your credibility or lack thereof.
So the question is: Why are you lying to us?
Is it because you're a far right wing troll trying to spread bullshit propaganda?
Methinks we all know the answer.
cawacko
Well-known member
Not trying to put words in your mouth, just trying to understand your position. Here's the start of tonight's WSJ article on today's market results. Based on what I'm hearing you say the author (and people interviewed) is either a novice, MAGGOT, using oligarch language (Putin?) - or some combination of the three. Is that correct?
U.S. Stocks Hit New Highs Again, Boosted by Hopes for Rate Cuts
Switzerland became the first rich country to reduce interest rates since central banks began their campaign against inflation
All three major U.S. stock indexes rose to new records Thursday, boosted by investors’ growing conviction that the post-Covid surge in borrowing costs is coming to an end soon.
The Dow Jones Industrial Average led the way, adding 0.7%, or 269 points. The blue-chip index ended another good day shy of 40000 points. Industrial and bank stocks led the S&P 500 0.3% higher, and the tech-heavy Nasdaq Composite gained 0.2%.
Stock indexes in Europe and Japan also notched all-time highs Thursday. The Bank of England held its key interest rate steady, and Switzerland became the first rich country to reduce interest rates since central banks mounted a historic campaign two years ago to tame inflation.
The Swiss National Bank’s rate decrease as well as comments from central bank officials in the U.S. and Europe have indicated that rates are set to decline across the developed world despite signs that inflation is stickier than expected.
The Federal Reserve on Wednesday kept its benchmark fed-funds rate at 23-year highs between 5.25% and 5.5%, though a narrow majority of Fed officials reaffirmed projections for three rate cuts this year. That sent U.S. stock indexes to simultaneous records for the first time since November 2021, before the central bank began raising rates.
“The outcome makes us more confident in our expectation for the first cut to come in June,” said Carl Riccadonna, chief U.S. economist at French bank BNP Paribas.
https://www.wsj.com/finance/stocks/...dow-news-03-20-2024-005c911b?mod=hp_lead_pos3
The entire world uses charts to project potential outcomes. Even meteorologist depend on charts to predict the weather. Those who are best at understanding the charts can tell you if it's going to rain on the first day of February.
Markets have a long history of projecting trends, but those translating the charts have to spend a lot of time explaining what they say. ShadowStats does it best.
Joe Capitalist
Racism is a disease
Still no chart. The more you refuse to post the chart, the sillier you look.
Nobody here is stupid enough to swallow your excuse for not posting. Forget about explaining.
Prove me wrong and post the damn chart.
The fact is no economist with any credibility is going to predict a 50% drop in the stock market in one year.
I'm guessing you assumed this forum was populated with financial illiterates and it'd be easy to bullshit them.
Well, you were wrong. Quit while you're behind, goat and stop making a fool out of yourself. It's embarrassing.
You sound like James Comer.
Thank you, Joe Biden!
Because Saudi Arabia cut production. Knowing that dimwit fucks like you would blame Biden. And just like a trained chimp you did just that. Congrats.
And shadow stats is the economic equivalent of OAN. They WANT an economic collapse. Trump even came out and said it. Easier for a dictator to gain power. These are truly evil people.
Is your Google finger broken? Anyone can do a search on the Dow projecting to go below 20,000 in 2024. Capitalism has cycles and trends. I spend a lot of time keeping up with newest trends. The big trend for 2024 is banks going bankrupt. If true, how will the Dow react?