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Dow notches longest losing streak since August 2011

JumpinJack

JumpinJack

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The Dow Jones Industrial Average fell for an eighth session on Monday, its longest losing streak since August 2011 as the market sentiment weakened following the health-care bill debacle last week. The failure of House Republicans to garner support for the the American Health Care Act also cast doubt on President Donald Trump's ambitious agenda to lower taxes and rollout fiscal stimulus.
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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.
 
... 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?
 
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'm not sure what Obama did, but one thing we know, as far as the Republicans are concerned: Everything bad is Obama's fault. I heard someone on the Hannity show say so, so it must be true.
 
We have been due for a correction for quite a while

PE multiples have skyrocketed

And there are way too many companies with air in their numbers

I assume a quick 10-12% pullback......with some companies getting hit harder

Tell me...what is sears really worth nowadays? With brick and mortar on the down slide, and amazon and Walmart eating their lunch, that is just one of many very over priced stocks out there.

There are still good investments.....and I am hoping even the good companies take small hits....so I can buy them at lower price points....you just have to be selective.....
 
gdgyva said:
We have been due for a correction for quite a while

PE multiples have skyrocketed

And there are way too many companies with air in their numbers

I assume a quick 10-12% pullback......with some companies getting hit harder

Tell me...what is sears really worth nowadays? With brick and mortar on the down slide, and amazon and Walmart eating their lunch, that is just one of many very over priced stocks out there.

There are still good investments.....and I am hoping even the good companies take small hits....so I can buy them at lower price points....you just have to be selective.....
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I will give you a $1.50 for the whole company.
 
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 stock market went bananas at the prospect that Republicans were going to deliver massive tax cuts and deregulation. As the incompetence and divisions between Trump and the House have piled up, however, that certainty seems to have been deflated. Unless Trump and Congress can do something completely out of character and act competently, and soon, we could easily see November numbers in a short time.
 
THE DJA is up some 15%+ since the election. After a run like that, a pull-back is not unexpected.

It's all based upon psychology rather than earnings, anyway. And has absolutely no correlation to those promised jobs or the promised wealth for the working and middle class.
 
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.
Click to expand...

If the DOW drops again tomorrow, it will be (apparently) the longest losing streak since 1978!?!
 
gdgyva said:
We have been due for a correction for quite a while

PE multiples have skyrocketed

And there are way too many companies with air in their numbers

I assume a quick 10-12% pullback......with some companies getting hit harder

Tell me...what is sears really worth nowadays? With brick and mortar on the down slide, and amazon and Walmart eating their lunch, that is just one of many very over priced stocks out there.

There are still good investments.....and I am hoping even the good companies take small hits....so I can buy them at lower price points....you just have to be selective.....
Click to expand...

There's not much that's not overpriced right now, even after this week of dips, because there had been such a run-up.

But I have a list and am hoping to hit a few entry prices I've been waiting for.
 
the market is looking for tax cuts and deregulation

and since the republicans have not gotten healthcare taken care of, the prospects of tax cuts is falling further back, the time line for taxes cuts was supposed to be by august.

these two things are what the market is waiting on, and the more uncertainly there is the market will be shaky
 
Chomsky said:
THE DJA is up some 15%+ since the election. After a run like that, a pull-back is not unexpected.

It's all based upon psychology rather than earnings, anyway. And has absolutely no correlation to those promised jobs or the promised wealth for the working and middle class.
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I think the run-up was based on the deregulation and tax cuts for corporations, since that adds to profits (as opposed to the economy...two different things). I also think the last week or so of drops is related to lack of confidence in delivering on the tax cuts and deregulation, because of the healthcare bill troubles. Investors overreact.

Jobs and increased income for the middle class benefit the economy (and the stock market in the long term), but not necessarily the stock market in the short term.

Having had a big dip lately, though, I suspect that when the market goes up again, it will go back down because people will start selling to lock in profits, in case that is the high and it goes back down. But who knows? Anything can happen.
 
This is just what the market does.

Good Lord.
 
Erod said:
This is just what the market does.

Good Lord.
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Funny...

Erod said:
This is going to be a painful four years for you as he strips the government of all kinds of waste and business idiocy. He's not appointing politicians owed favors in these sectors; he's appointing brilliant business minds.

That stock market isn't soaring right now for no reason.
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Trump.... responsible for it soaring... irrelevant when it drops.

You're cute.
 
It is still higher than pre election.

Stocks go up, Stock goes down. The Stock Market makes adjustments from time to time.

More important where will the stock market be in four years. At that point it will be more realistic to see if President Trumps administration was good or bad for the market.
 
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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'Ya know, I've jumped all over the Trump supporters who were attempting to give Trump the credit for the stock market going up after he was elected. The fact is that we are under the Obama budgets until October of this year.

It also works in reverse. We are still under the Obama budget until October of this year. If you want to play the blame game, then blame Obama. I think Trump is easily the worst president in history, but this market downturn is not on him.

How about a novel idea? The market moves in cycles. Who would have thunk it? LOL.
 
Hatuey said:
Funny...



Trump.... responsible for it soaring... irrelevant when it drops.

You're cute.
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Markets climb and correct. Like, since it was created. I've made a killing in it, regardless of president, by not freaking out over it.

This correction is due and needed. Won't last that long most likely.

I hope for a deep drop, in fact. That's where the cheap shares and big gains are.
 
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.
Click to expand...

Markets hate uncertainty. And, Trump is the most uncertain of presidents ever. Hell, no one knows what the hell he is going to do or what he can do, especially now after he could not even get the GOP signature plan to repeal/replace Obamacare off the ground.
 
Erod said:
This is just what the market does.

Good Lord.
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Is that what you said during the run-up?

It is always significant when the market does something for the first time in years. That is not normally "what the market does," or it wouldn't be news.

Good Lord.
 
mike2810 said:
It is still higher than pre election.

Stocks go up, Stock goes down. The Stock Market makes adjustments from time to time.

More important where will the stock market be in four years. At that point it will be more realistic to see if President Trumps administration was good or bad for the market.
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That should be about when the recession should be beginning. We know that deregulation + tax cuts for the wealthy = recession. We know that from history. It takes several year for the corruption from the deregulation to hit. Add to that the giveaway of the estate tax, and there you have it. That's because deregulation encourages or allows greed and corruption to flourish, and the tax cuts for the wealthy don't stimulate the economy.

This would be fine with Trump and many of the very wealthy. They don't experience a real recession like the little people. They don't have jobs to lose, and their money keeps making money through recessions. As Trump said, he hopes for a real estate crash, because he can then go in and buy like crazy. He seems to have no ethical or moral compass or empathy for the millions who lost their jobs and homes and whose lives were ruined.
 
JumpinJack said:
That should be about when the recession should be beginning. We know that deregulation + tax cuts for the wealthy = recession. We know that from history. It takes several year for the corruption from the deregulation to hit. Add to that the giveaway of the estate tax, and there you have it. That's because deregulation encourages or allows greed and corruption to flourish, and the tax cuts for the wealthy don't stimulate the economy.

This would be fine with Trump and many of the very wealthy. They don't experience a real recession like the little people. They don't have jobs to lose, and their money keeps making money through recessions. As Trump said, he hopes for a real estate crash, because he can then go in and buy like crazy. He seems to have no ethical or moral compass or empathy for the millions who lost their jobs and homes and whose lives were ruined.
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Until the tax laws are passed by Congress, President Trump can propose all he wants. :mrgreen:

Question. Are you reacting to statements instead of actions? Did Trump "go in and buy like crazy" in real estate. Or was it just blowing smoke on his part?

Look, I don't particular like President Trump. Didn't vote for him. Let's see what tax code he can get through Congress before saying Trump is only for the "rich". If your concerned, do you plan to engage with your elected representative in Congress?
 
Erod said:
Markets climb and correct. Like, since it was created. I've made a killing in it, regardless of president, by not freaking out over it.
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I cannot tell you just how far my point went above your mind's hypocrisy.

Carry on.
 
JumpinJack said:
Is that what you said during the run-up?

It is always significant when the market does something for the first time in years. That is not normally "what the market does," or it wouldn't be news.

Good Lord.
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Huge gains invariably go through big corrections. That doesn't minimize the gain.

Folks overreact to news of healthcare and tax reform, then overreact again when it doesn't happen on the exact time frame they wanted. The fringe investors (and insiders) always cause these surges. It's like the tide rolling in waves.

I love it because it creates tremendous buying opportunities for the patient.
 
Hatuey said:
I cannot tell you just how far my point went above your mind's hypocrisy.

Carry on.
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LOL, more of the same from you. Playing pretend on the internet, like you're this bastion of overriding knowledge to be bowed to in anonymity. I'm most sure the reality paints a starkly different picture.
 
I've grown to the point where I don't pay a ton of attention to the stock fluctuation, at least to gleam any kind of significant or sizable meaning out of it.

I will say I can forgo actually just watch DP to get a sense for how it's going....the obvious lean of the individual making a thread about a current stock trend usually is a good indication of what's happening, as people only seem interested enough to start a thread when the stock market is going in the way they want for political reasons.

If I was a bit older and closer to retirement it'd likely be a bigger issue on my mind, but at this point I've got a longer term view of it
 
Erod said:
LOL, more of the same from you.
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You don't seem to get it. You literally stated that the reason the market was going up was Trump's actions. Now, Trump is entirely irrelevant and this is just what the market does.... because the market is on a losing streak.

I have crayons, if you prefer. Would you like me to draw a few pictures for you?
 
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