• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Dow plunges 600 points after bond market flashes a recession warning, Citigroup tanks 5%

HenryChinaski

DP Veteran
Joined
Nov 20, 2013
Messages
15,924
Reaction score
17,149
Location
Chi-town
Gender
Male
Political Leaning
Very Liberal
Dow plunges 600 points after bond market flashes a recession warning
Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S. bond market flashed a troubling signal about the U.S. economy.

The Dow Jones Industrial Average dropped about 600 points or 2.3%, while the S&P 500 fell 2.1% and Nasdaq Composite declined 2.3%. The Cboe Volatility Index, aka Wall Street’s fear gauge, jumped to a high of 22 on Wednesday.

The yield on the benchmark 10-year Treasury note on Wednesday broke below the 2-year rate, an odd bond market phenomenon that has been a reliable indicator of economic recessions. Investors, worried about the state of the economy, rushed to long-term safe haven assets, pushing the yield on the benchmark 30-year Treasury bond to a new record low on Wednesday.
When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.
 
Dow plunges 600 points after bond market flashes a recession warning When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.

I work with a lot of people who just care about the stock market and their portfolios. They don't care about society or long term economic outlook, just how they can get some quick cash...No I do not work for a financial institution and these people aren't rich.
 
Thanks, Trump.
 
Not sure the yield inversion is really that big an indicator these days. I have suspected for a while now that we are probably in a new variant of the liquidity trap. Just instead of people holding their extra money in the bank, they are using it to service debt.
 




C’mon, Trump has your best interests at heart!

:shock:
 
Trump has ran most of his companies into the ground. His father always bailed him out, then Russia
 
Trump has ran most of his companies into the ground. His father always bailed him out, then Russia

Gaslighters acted like we were exaggerating when we said that Trump could run this nation into the ground.

Days such as today are examples of when we're sick and tired of being right.
 
Dow plunges 600 points after bond market flashes a recession warning When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.


They will somehow spin this to being the Dems in congress fault.
 
I work with a lot of people who just care about the stock market and their portfolios. They don't care about society or long term economic outlook, just how they can get some quick cash...No I do not work for a financial institution and these people aren't rich.

Sounds like every conservative I know.
 
Gaslighters acted like we were exaggerating when we said that Trump could run this nation into the ground.

Days such as today are examples of when we're sick and tired of being right.

The top 1%-10% got poorer today. Isn't that what your party wants?
 
The top 1%-10% got poorer today. Isn't that what your party wants?

Going straight to the deflections I see. Good, that'll save us some time. :lol:
 
It's Obama's economy. I've been told this many times here by the left. So this neccessarily must be caused by him.
 
Dow plunges 600 points after bond market flashes a recession warning When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.

Not sure which Obama presidency you're referring to but the DJIA increased at a moderate pace during his 2 terms and then accelerated after Trump was elected. This was mainly because investors were more confident in a Trump presidency. At the same time, Trump's trade tariff threats have caused the DJIA to plunge downward.

All in all we can't really blame or credit a sitting president for how the market performs and how much a person's retirement savings is worth. It involves much more than who is in the White House.
 
Dow plunges 600 points after bond market flashes a recession warning When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.

Funny my investment accounts are doing quite well. I do have to admit though I like the volatility and the ability to shear the weak sheep.
 
Dow plunges 600 points after bond market flashes a recession warning When Trump was elected, I said that the only thing that would turn his base against him was a full on recession. Today I don't think that would even do it. Most of his base are either retired living off their pensions, SS, fixed incomes with no skin in the game, so they don't care if the US economy tanks. Trump is nothing more than entertainment value to them . Then there's those that may be working but they have no retirement investment savings. They've no idea what a 401k is and you cant lose what you don't have. Under Obama my IRA grew exponentially. The economy was even keeled and smooth. Since senor' clown car has been in office, my 401k value is where it was 28 months ago. This asshole playing president is not good for the working man and his financial future.

Economy, shmeconomy. He pisses off liberals, and that's what really counts. Remember, this is a cult dynamic.
 
Gaslighters acted like we were exaggerating when we said that Trump could run this nation into the ground.

Days such as today are examples of when we're sick and tired of being right.

My 76 year old aunt long retired and on a fixed income, she listens to right wing WLS AM 890 talk radio all day. She loves Trump, she voted for him for two reasons, he's about her age and she "liked his TV show" I love her to death, she's my aunt, but which way the economy goes doesn't affect her. Politics for her at this time in her life is nothing but entertainment.
 
My 76 year old aunt long retired and on a fixed income, she listens to right wing WLS AM 890 talk radio all day. She loves Trump, she voted for him for two reasons, he's about her age and she "liked his TV show" I love her to death, she's my aunt, but which way the economy goes doesn't affect her. Politics for her at this time in her life is nothing but entertainment.

Aww man, when I was in high school living in Illinois, I loved that station.
 
My 76 year old aunt long retired and on a fixed income, she listens to right wing WLS AM 890 talk radio all day. She loves Trump, she voted for him for two reasons, he's about her age and she "liked his TV show" I love her to death, she's my aunt, but which way the economy goes doesn't affect her. Politics for her at this time in her life is nothing but entertainment.

Why do people want politics as entertainment? It’s degrading
 
Due to a career change I took all the money I'd need for a year and a half of retraining out of my stocks. I did that a little over a week ago before the DOW plummeted. Whew.
 
Going straight to the deflections I see. Good, that'll save us some time. :lol:

Avoiding answering the question I see. That the DNC supposedly hates the ubberwealthy and then gets their knickers in a bunch when the stock market heads down just proves my point that it is owned by Wall Street every bit as much as the RNC.
 
Not sure which Obama presidency you're referring to but the DJIA increased at a moderate pace during his 2 terms and then accelerated after Trump was elected. This was mainly because investors were more confident in a Trump presidency. At the same time, Trump's trade tariff threats have caused the DJIA to plunge downward.

All in all we can't really blame or credit a sitting president for how the market performs and how much a person's retirement savings is worth. It involves much more than who is in the White House.

Absolutely wrong! Stocks are up only 29% in the Trump presidency (in a good economy); they were up 46% during the similar period of the Obama presidency (while digging out of a recession). Stocks rose 181% during Obama's tenure.

Stocks are up only 29% during Trump's presidency - CNN
Stock Market Performance by President | MacroTrends

In fact, stock market performance under Trump lags behind Reagan, Clinton and Obama, yet Trump has known nothing but a strong economy during his tenure. Reagan and Clinton each had some recession during their presidency.

Virtually all of the stock market gains occurring in the Trump presidency happened in his first year in office, when it was largely Obama momentum. Since his first year, stocks are actually down (the market was a 26,025 on 1/20/18). So, take away the first year of the Trump presidency and he has actually been very bad for your portfolios.

Here’s President Trump’s stock-market scorecard after 2 years in office - MarketWatch

We really need to start stamping out these myths about Trump.
 
Last edited:
Not sure which Obama presidency you're referring to but the DJIA increased at a moderate pace during his 2 terms and then accelerated after Trump was elected. This was mainly because investors were more confident in a Trump presidency. At the same time, Trump's trade tariff threats have caused the DJIA to plunge downward.

All in all we can't really blame or credit a sitting president for how the market performs and how much a person's retirement savings is worth. It involves much more than who is in the White House.

You just said trade tariffs have caused the DJIA to plunge. Sounds like you actually think the WH can affect DJIA.
The moderate pace of obama's term, saw a near tripling from bottom of 09 to his leaving office in Jan 17.
 
Trump has ran most of his companies into the ground. His father always bailed him out, then Russia

The biggest failure of any businessman in us history.

The only American to lose over a billion dollars.

Trump has been a failure his whole life, and the only reason he is not living in a box, running three card Monte games and losing was the name he was born with...
 
Back
Top Bottom