Dow plunges 665 points as stocks post worst week in 2 years

cawacko said:
We just saw eight years of not reaching 3% annual GDP growth once. Not exactly a roaring story for the Keynesians to tell. Look at the great growth in Clinton's second term. That was led by deregulation and supply side capital gains tax cuts.

As far as inflation you can't print money like we did under Bernanke and Yellen and not expect inflation.
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this was sustainable growth

NOT boom and bust
 
ROFL @ "inflation'..
what do you think you get when interests rates come into play and more money by more wages is chasing the same goods and services?

Inflation is going to hurt me when I go on SSA in 2 years, but it's the price to pay for a booming economy.
 
profit taking / Fed's promises of interest rates caused the drop.
even after today the DOW is up 28% ( yuge) since election day
 
Sailor said:
Anything that involves people actually getting good paying jobs and raises appears to make uber liberals nervous!
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better to have low growth, and redistribution of less for more people.. :rolleyes:
dumb fvcks don't understand growth means more for all EVEN if more goes to the plutocrats
 
Althea said:
They already have hiked rates twice, and the market never flinched. This is about those who drove the market up, taking their profits after they watched people jumping in with both feet. The market was artificially inflated for the better part of a year.
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it IS profit taking, but it's also interests rates,and what is unreported in the new non-profits that will insure 1 million by Amazon and 2 other companies.

Profit taking is a GOOD THING as long as the underlying economy is solid
 
cawacko said:
The market has been inflated for multiple years. This asset bubble wasn't created last year. To whole point of QE was to create a wealth effect with bubbles. Well here we go. People are missing the big picture arguing this Obama/Trump credit nonsense. This is about the Fed.
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while you are waiting on that bubble to burst you could have been profit taking. Please tell me you aren't buying up too much precious metals and such
 
anatta said:
while you are waiting on that bubble to burst you could have been profit taking. Please tell me you aren't buying up too much precious metals and such
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I put my money in real estate because that's what I understand. I have a mutual fund that I keep for the long term so selling isn't a thought. I remember this feeling in '99 and mid aught's that current economic conditions will go on forever. It feels like that when times are good. Been through too many cycles now to know otherwise.

There are going to be massive repercussions as a result of QE. I know you are a Trump supporter but I'd be careful offering him so much credit because there are a lot of things controlling the economy that are out of his control and it will take a turn.
 
Don gets more credit than Obama for a rising stock market, and no blame when it falls!
 
cawacko said:
I put my money in real estate because that's what I understand. I have a mutual fund that I keep for the long term so selling isn't a thought. I remember this feeling in '99 and mid aught's that current economic conditions will go on forever. It feels like that when times are good. Been through too many cycles now to know otherwise.

There are going to be massive repercussions as a result of QE. I know you are a Trump supporter but I'd be careful offering him so much credit because there are a lot of things controlling the economy that are out of his control and it will take a turn.
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absolutely..the stock market is an artificial construct that may or may not reflect the true underlying strength of an economy. what looked good today was 200k jobs and the 2.9% wage growth...
Wage growth! how long has it been since we've seen those numbers? I can't even remember an annualized rate like that

Diversification is key for long term investment, and I'm pretty sure housing isn't a sub-prime bubble this time.
You are looking good!
 
Only people who don't understand the markets will panic... It directly relates to the increased interest rates. 10 year bonds are now at 2.8% return, there's some people wanting to go in that direction.
 
Damocles said:
Only people who don't understand the markets will panic... It directly relates to the increased interest rates. 10 year bonds are now at 2.8% return, there's some people wanting to go in that direction.
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I'd be delighted to see interest rates climb and encourage saving again.
 
anatta said:
better to have low growth, and redistribution of less for more people.. :rolleyes:
dumb fvcks don't understand growth means more for all EVEN if more goes to the plutocrats
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The return is usually commensurate with the risks. The big investors have the most to gain because they have the most to lose. They also know how to hedge and diversify. Liberals might think one is a herbaceous border and the other has to do with multiculturalism.
 
anatta said:
better to have low growth, and redistribution of less for more people.. :rolleyes:
dumb fvcks don't understand growth means more for all EVEN if more goes to the plutocrats
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Stupid fuck doesn't realize 84% of income went to the top 1% and thinks it is a good thing.

Shut your ignorant piehole, traitorous cretin.
 
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