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Dow notches longest losing streak since August 2011

Gimmesometruth said:
But...Obama didn't, the DOW had been increasing since 2Q/'16.
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This streak was the longest SINCE 2011 which means the that 2011 losing streak was longer... by your argument the 2011 losing streak was Obama's fault, or you blame Bush which would mean that the 2017 losing streak is on Obama.

(Hint: The president has little to do with the movement on the DOW and trying to link the DOW to a president will inevitably lead you to being hypocritical.)
 
jmotivator said:
This streak was the longest SINCE 2011 which means the that 2011 losing streak was longer... by your argument the 2011 losing streak was Obama's fault
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You do this crap ALL THE TIME, I NEVER MADE A COMMENT ON FAULT, YOU JUMP TO THESE TOTALLY UNSUPPORTED CONCLUSIONS ALL THE FRIGGING TIME, JUST STOP IT.
or you blame Bush which would mean that the 2017 losing streak is on Obama.
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again, NOT ONCE IN THE RESPONSE POSTED WAS ANY BLAME LAID DOWN, I POSTED THE FACT THAT OBAMA HANDED TRUMP A DOW THAT HAD BEEN INCREASING FOR NEARLY A YEAR, YOUR PREMISE WAS WRONG....AND YOUR SUBSEQUENT LEAPS ARE WRONG....JUST STOP IT.

(Hint: The president has little to do with the movement on the DOW and trying to link the DOW to a president will inevitably lead you to being hypocritical.)
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No chit Sherlock, now go find where I assigned blame.
 
DA60 said:
Nothing much will change, imo.

Trump is doing nothing about the real cause of the years of virtual stagnation...the Fed. They are the reason - more than any other single reason - why Obama's GDP growth over his 8 years was so relatively lousy...despite the massive national debt increase.
And, unless Trump changes the Fed personnel from doves to hawks or at least neutral - the same thing will happen under Trump.

Plus, Obamacare - which costs a ton - is still there and it looks very unlikely to be removed...modified at best.

Infrastructure spending is New Deal nonsense. It does little but temporarily boost jobs and fix a few bridges (that should be fixed with tolls anyway - not more federal money the government does not have). Anyone who thinks fixing a bunch of bridges that are working today is going to jump start the economy for more than a few months is dreaming, imo.

Trump's tax relief could definitely help. But Trump's complete ineptness at getting Obamacare killed makes getting what he wants in tax relief - doubtful.

Finally, if Trump does his absolutely INSANE high tariff plan...kiss the 'recovery' completely goodbye. ANd there are TONS of respected economists who feel the same way. It hasn't been used since the Great Depression for a reason....it stunk then and it would stink now.
Fortunately, his cabinet seems to have smartened him up on this as he has not discussed it much (if at all) since the inauguration.

Unless Trump neuters the Fed, the GDP growth over the next four years will probably be little better than it was under Obama's eight years...maybe worse. Nowhere near 4% Guaranteed. Probably not even 3%.
The Fed is propping up the equity markets and semi-stagnating almost everything else. Trump seemed to understand this - to some extent - during the primaries. But he has said nothing about it in many, many months (that I have heard/read). This is VERY concerning.

I realize you probably disagree because you seem to think of Trump as some sort of Conservative messiah. I have no such allusions. Not for him or ANY POTUS since at least FDR...they all more or less stunk, imo.


Once again, I have ZERO loyalty to any political party or movement.
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Obama only had an average of 2% GDP growth, but he also packed on 1000's of regulations. He hamstrung the energy industry, and wasted millions on failed solar companies. I'm sure there are other reasons as well, but Obama was never pro-business.
 
Gimmesometruth said:
You do this crap ALL THE TIME, I NEVER MADE A COMMENT ON FAULT, YOU JUMP TO THESE TOTALLY UNSUPPORTED CONCLUSIONS ALL THE FRIGGING TIME, JUST STOP IT.
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you-mad-bitch_o_1770865.webp

So 2011 was Obama's fault. Got it.

again, NOT ONCE IN THE RESPONSE POSTED WAS ANY BLAME LAID DOWN, I POSTED THE FACT THAT OBAMA HANDED TRUMP A DOW THAT HAD BEEN INCREASING FOR NEARLY A YEAR, YOUR PREMISE WAS WRONG....AND YOUR SUBSEQUENT LEAPS ARE WRONG....JUST STOP IT.
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LOL. U Mad.

No chit Sherlock, now go find where I assigned blame.
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You were picking up on a conversation between Vern and I, and you attempted to link Obama to the DOW performance since 2016. Then I show you the error in your logic and it's all caps all the time.

Settle down.
 
JumpinJack said:
Dow notches longest losing streak since August 2011 - MarketWatch

The market started dipping over a week ago. I've noted in a couple of posts that this would be coming, after the big run-up that was not based on business fundamentals, but was based on consumer and investor confidence and anticipation of deregulation and tax cuts for corporations. The fundamentals still haven't changed for businesses in general, so hopefully the fall won't be bad and won't last long. (I hope.)

One bright spot was that the NASDAQ was up a smidgeon today vs. both the Dow and S&P 500 being down.
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The DOWs rise over the last few years is directly tied to FED policies that bottomed out rates on bonds.
It pushed investors out of fixed yield investments and into a stock market thats been propped up with 8 years of unprecedented FED monetary stimulus.

Investors had to move away from bonds and since the economy was too anemic to invest in so they went into equities and commodoties.
 
jmotivator said:
LOL. You don't seem to realize you are making my point for me.

Obama handed Trump "the longest losing streak since 2011"! See how this works? :lamo

Quick question for you: Was the 2011 losing streak Obama's fault?
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Oh JM, the first thing you need to understand, looking at a small time window and proclaiming victory is a conservative narrative. Dems are not the equal but opposite of conservatives. As an actual investor, I don't quibble about a week long timeframe. I look at the 8 year winning streak President Obama started. since you've only just discovered the stock market, you should to do a little research before posting.

And JM, I was responding to your point where you tried to pretend "dems were mean" for holding Bush accountable for his policies that obliterated the economy and left trillion dollar deficits and a destroyed financial sector, auto sector and housing sector in its wake. President Obama left trump a solid and growing economy. If trumps screws that up, he owns it. You should try responding to what I actually post sometime instead of always deflecting and asking questions.
 
jmotivator said:
(Hint: The president has little to do with the movement on the DOW and trying to link the DOW to a president will inevitably lead you to being hypocritical.)
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As you search for words to continue to not hold Bush accountable and not give President Obama credit I just have to point out the market loved Bush's Mortgage Bubble. the market really really really hated Bush letting Lehman fail. and the market loved that President Obama prevented the Great Bush Depression, ended the Great Bush Recession, cut the massive trillion dollar Bush Deficits, saved the auto industry. And ( you might want to sit down for this) the market really liked Obamacare. anyhoo, here's the market responding to Bush letting Lehman collapse.

Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008, the biggest monthly decline on record at the time.

Case Study: The Collapse of Lehman Brothers | Investopedia
 
Hatuey said:
... I don't get it... this was supposed to be the most vibrant economy since Reagan... the economy was going to be great... YUGE even. Is this Obama's fault? Did Obama wiretap the stock market?
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I don't get it, either. Obama left us with a powerful economy.
 
Vern said:
Oh JM, the first thing you need to understand, looking at a small time window and proclaiming victory is a conservative narrative. Dems are not the equal but opposite of conservatives. As an actual investor, I don't quibble about a week long timeframe. I look at the 8 year winning streak President Obama started. since you've only just discovered the stock market, you should to do a little research before posting.
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LOL! The DOW downturn you are trying to make a point about was shorter than the losing streak in 2011 under Obama... so your "8 year winning streak" is false. It was 8 years of one of the slowest recoveries in history. Not something you want to be touting too strongly.

And JM, I was responding to your point where you tried to pretend "dems were mean" for holding Bush accountable for his policies that obliterated the economy and left trillion dollar deficits and a destroyed financial sector, auto sector and housing sector in its wake. President Obama left trump a solid and growing economy. If trumps screws that up, he owns it. You should try responding to what I actually post sometime instead of always deflecting and asking questions.
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Use quotes when you are actually quoting someone. No, Obama didn't leave Trump a solid economy. He left an economy that has limped along for the better part of a decade on trillion of stimulus, and barely manages to squeak out growth with a prime interest that was effectively zero. That isn't health, Very, that is life support.
 
Vern said:
As you search for words to continue to not hold Bush accountable and not give President Obama credit I just have to point out the market loved Bush's Mortgage Bubble. the market really really really hated Bush letting Lehman fail. and the market loved that President Obama prevented the Great Bush Depression, ended the Great Bush Recession, cut the massive trillion dollar Bush Deficits, saved the auto industry. And ( you might want to sit down for this) the market really liked Obamacare. anyhoo, here's the market responding to Bush letting Lehman collapse.

Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008, the biggest monthly decline on record at the time.

Case Study: The Collapse of Lehman Brothers | Investopedia
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That wasn't "Bush's" mortgage bubble. And Bush wasn't pushing Lehman into questionable loans. And I notice you failed to mention Fannie and Freddie who ended up costing $185 billion in bailouts and who started the whole subprime fiasco by lowering lending requirements to practically nothing. And who tried to stop Fannie and Freddie? Oh right, the Republicans...
 
jmotivator said:
LOL! The DOW downturn you are trying to make a point about was shorter than the losing streak in 2011 under Obama... so your "8 year winning streak" is false. It was 8 years of one of the slowest recoveries in history. Not something you want to be touting too strongly.
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Its just sad you say that because I already said I don't care about a one week window. As a con, you are simply looking for any string of words to not give president Obama any credit for anything. As a novice, you think every day has to be an up day. Now, since the stock market is new to you, go look at the market on 1/20/2009 and tell me if that is not a great 8 year run.

Use quotes when you are actually quoting someone. No, Obama didn't leave Trump a solid economy. He left an economy that has limped along for the better part of a decade on trillion of stimulus, and barely manages to squeak out growth with a prime interest that was effectively zero. That isn't health, Very, that is life support.
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again, you string words together to post something because you wish it was true. If I had any doubt that you have no knowledge of what you are discussing, the next post would have taken it away.

jmotivator said:
That wasn't "Bush's" mortgage bubble. And Bush wasn't pushing Lehman into questionable loans. And I notice you failed to mention Fannie and Freddie who ended up costing $185 billion in bailouts and who started the whole subprime fiasco by lowering lending requirements to practically nothing. And who tried to stop Fannie and Freddie? Oh right, the Republicans...
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Yes, Bush didn't push Lehman into questionable loans. He simply lowered their capital requirements so they could borrow more money to fund their mortgage purchases and pre-empted all state laws against predatory lending. You just can loan money to people to buy a house they cant afford unless you preempt all state laws against predatory lending and Bush's regulators let you. anyhoo, ignoring for a second Freddie and Fannie didn't cause the Bush Mortgage Bubble, please explain who stopped the republican president, republican house and republican senate from stopping Freddie and Fannie. Its your narrative, just explain it. Now JM, I didn't ask you to repeat it. I didn't ask you for an editorial that tells you bush tried to stop it. I want you to explain it how. thanks in advance.
 
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