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

Dow "plunges!!!!" :eek:

What time are liberals doing a flag burning to celebrate?
 
HenryChinaski said:
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.
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You radicals love to post negative predictions and the actions of the DOW ignoring the job creation and the economic dollar growth, then there is this

Janet Yellen says yield curve inversion may be false recession signal

Janet Yellen, Obama's selection for the Federal Reserve
 
Lutherf said:
OK. So let's say that on Thursday China pulls troops back from Hong Kong and indicates that it will buy US pork, work with the US on combating intellectual property theft and pay for a really cool fountain at Mar-a-Lago. Simultaneously, the Fed leaks that it will cut rates by 25 BP next time around. Do we see the DOW go back up?

Let's say that a year from now Elizabeth Warren is polling 85 points higher than Trump. Do we see the yield curves normalize?
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Why don't we ask for the impossible instead? Ask Trump not to lie for one entire day. There's the possibilities of your scenarios.
 
vegas giants said:
Clearly that is true and your point is well taken. But we can all make money in the stock market
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I have a problem with your inclusive word "all". No, we cannot all make money in the market.
 
Kushinator said:
This was the exact quote: Trying to spin this as some silver lining isn't a good strategy. Current U.S. economic growth is entirely attributable to deficit spending. You remove the deficit, and the economy goes to hell in a hand-basket. The problem is, there isn't much room for future fiscal policy needs. Do you expect the U.S. to run $2 trillion deficits? That's the likely outcome of an economic downturn.
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So do we cut spending and assume a downturn?
 
HumblePi said:
Why don't we ask for the impossible instead? Ask Trump not to lie for one entire day. There's the possibilities of your scenarios.
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Every negative thread finds you on it, think you are doing anyone here a service by posting non stop 24/7 anti Trump posts? Elizabeth Warren is certainly your kind of candidate someone to give you what you cannot earn for yourself.
 
HumblePi said:
Why don't we ask for the impossible instead? Ask Trump not to lie for one entire day. There's the possibilities of your scenarios.
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Leftists should probably practice what they preach... Russia, Russia, Russia!
 
Mach said:
So do we cut spending and assume a downturn?
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An economic downturn is clearly in the cards. It's just a matter of when. I believe we'll be well into a recession come election time. Spending will not decline as automatic stabilizers will begin to swell in the face of economic contraction, and revenues retract by as much as 30%.
 
vegas giants said:
Well I never mentioned 500 stocks. That was all you. Lol
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The S&P 500 is a broad index that tracks the overall equity market rather well. You're not aware of this, and so you continue to operate from a position of ignorance.

I notice you still didn't respond with any data that backs your position. You probably don't even know where to begin.

Here's a start.
 
trixare4kids said:
I was yelled at for posting Yellen's words today. I didn't provide a source. :lol:
The perpetually aggrieved are getting battier by the day.
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Stunning left wing loyalty but I figured it out, the problem these have is not only with the private sector but the reality that the Trump tax cuts took away their high state and local tax exemptions from their federal return. All this negative rhetoric is falsely attributed to Trump and not their high state and local taxes that they can no longer deduct, getting rid of Trump will restore that deduction or so they believe.

It is amazing how the DOW is so important now to people who always hated rich people and all that so called corporate greed reflected in a high DOW. I guess anything negative against Trump diverts from their own misery!
 
Kushinator said:
An economic downturn is clearly in the cards. It's just a matter of when. I believe we'll be well into a recession come election time. Spending will not decline as automatic stabilizers will begin to swell in the face of economic contraction, and revenues retract by as much as 30%.
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Should make you very happy to return the WH to Democratic Control and furthering that search for a liberal utopia
 
There's a VERY simple explanation for this, but in order to understand this, let's put in some context. First off, unemployment is WAY down. Lowest numbers practically across the board and the lowest numbers in US history. This is FULL TIME work not PART TIME. Also means employment rates for private workers is WAY up opposed to government workers. That's the way the economy works. Second, we have the trade war with China. Stocks are going up and down all the time in situations like this. China's economy is weakened greatly. Tariffs are on delay. There's nothing new here. Finally, we have very low tax rates across the board. People are able to not only pay taxes, but to pay off debts and buy other things because they're not being taxed to death. Whether it be food stamps or welfare, people are not forced to pay more for someone else's stuff.

All this is happening. all these great things economically. It's not perfect, but it's far better than what it was 4 years ago. Somehow, though, for some extremely odd reason, the media and the Federal Reserve are pushing the recession narrative. That makes ZERO sense. With this economic boom, there shouldn't be a recession in sight. So what's the explanation for this? Well you have the media which 500% against Trump and the Federal Reserve is ran by a bunch of Never Trumpers. They don't want to say how well the economy is doing right now, but they'll be glad to talk about bad times. Why? Simple, they don't like Trump and this is a new tactic in the never ending attempt to get rid of him. I'm not experiencing a recession where I live. I don't know of any bad times in a town, except for places like New York City,Detroit, Baltimore, San Francisco, and Los Angeles. Of course, look who runs those towns and states, a bunch of Leftists.

As someone said earlier today, let these people live their made up recession and let everyone else live in the economic boom which is the Trump economy. Let them be miserable, since that's ALL they're talking about, and, apparently, want to live in. Don't bother listening to them these people. If you do, you're only inflicting harm on yourself. These people will do ANYTHING just to see not only Trump but the rest of the country fail. It's nothing more than a way to scare you out of voting for Trump next year while helping bring the stocks down, and it's going to be an entire year of this crap. The Democrat candidates can't get it done on their own, so it's up to the media and the people at the Federal Reserve to try and take him out. They'll fail, but they're too stupid and arrogant to figure that out.
 
Herkamer63 said:
There's a VERY simple explanation for this, but in order to understand this, let's put in some context. First off, unemployment is WAY down. Lowest numbers practically across the board and the lowest numbers in US history. This is FULL TIME work not PART TIME. Also means employment rates for private workers is WAY up opposed to government workers. That's the way the economy works. Second, we have the trade war with China. Stocks are going up and down all the time in situations like this. China's economy is weakened greatly. Tariffs are on delay. There's nothing new here. Finally, we have very low tax rates across the board. People are able to not only pay taxes, but to pay off debts and buy other things because they're not being taxed to death. Whether it be food stamps or welfare, people are not forced to pay more for someone else's stuff.

All this is happening. all these great things economically. It's not perfect, but it's far better than what it was 4 years ago. Somehow, though, for some extremely odd reason, the media and the Federal Reserve are pushing the recession narrative. That makes ZERO sense. With this economic boom, there shouldn't be a recession in sight. So what's the explanation for this? Well you have the media which 500% against Trump and the Federal Reserve is ran by a bunch of Never Trumpers. They don't want to say how well the economy is doing right now, but they'll be glad to talk about bad times. Why? Simple, they don't like Trump and this is a new tactic in the never ending attempt to get rid of him. I'm not experiencing a recession where I live. I don't know of any bad times in a town, except for places like New York City,Detroit, Baltimore, San Francisco, and Los Angeles. Of course, look who runs those towns and states, a bunch of Leftists.

As someone said earlier today, let these people live their made up recession and let everyone else live in the economic boom which is the Trump economy. Let them be miserable, since that's ALL they're talking about, and, apparently, want to live in. Don't bother listening to them these people. If you do, you're only inflicting harm on yourself. These people will do ANYTHING just to see not only Trump but the rest of the country fail. It's nothing more than a way to scare you out of voting for Trump next year while helping bring the stocks down, and it's going to be an entire year of this crap. The Democrat candidates can't get it done on their own, so it's up to the media and the people at the Federal Reserve to try and take him out. They'll fail, but they're too stupid and arrogant to figure that out.
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:applaud:applaud

Well done but it will be ignored by radicals who don't like positive news and are part of the liberal elite that hate Trump and the private sector. Amazing how these people here feed each other's left wing egos and ignore what is going on in the country which you so accurately pointed out. Also they will ignore that Trump's campaign contributions are exploding from small contributors which normally are attracted to the left. That along with historic low unemployment for African Americans doesn't bode well for the 2020 elections which is why the negative narrative is so important to them now, anything to divert from reality and their own misery
 
Conservative said:
Stunning left wing loyalty but I figured it out, the problem these have is not only with the private sector but the reality that the Trump tax cuts took away their high state and local tax exemptions from their federal return. All this negative rhetoric is falsely attributed to Trump and not their high state and local taxes that they can no longer deduct, getting rid of Trump will restore that deduction or so they believe.

It is amazing how the DOW is so important now to people who always hated rich people and all that so called corporate greed reflected in a high DOW. I guess anything negative against Trump diverts from their own misery!
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Anything, and everything with the perpetually butt-hurt.
If it rains tomorrow, it's Trump's fault. It it doesn't rain tomorrow, it's Trump's fault.

His critics never take responsibility for the sorry state we find our country. It's if, Trump made them call him a colluding with Putin traitor, a con man, a tax cheat, a white supremacist, Hitler, a poor business man, a fake, an orange face monkey, a Muslim hater, a Hispanic hater, a Black people hater, hater of our foreign allies....a twitter troll. Trump is all things and now he is responsible for a market dip... :lol:
 
Trump hits 'clueless' Fed chair, 'crazy inverted yield curve' after stocks plunge | TheHill
President Trump on Wednesday slammed Federal Reserve Chairman Jerome Powell, calling him "clueless" as stocks took a dive amid looming signs that a recession could be on the horizon.

The president spent part of his day hammering away at the Fed and defending his trade policy toward China, but escalated his attacks when he personally targeted Powell and blamed the central bank for any economic woes.

"Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve," Trump tweeted from his golf club in New Jersey.
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This man is reprehensible.
 
Herkamer63 said:
There's a VERY simple explanation for this, but in order to understand this, let's put in some context. First off, unemployment is WAY down. Lowest numbers practically across the board and the lowest numbers in US history. This is FULL TIME work not PART TIME. Also means employment rates for private workers is WAY up opposed to government workers. That's the way the economy works. Second, we have the trade war with China. Stocks are going up and down all the time in situations like this. China's economy is weakened greatly. Tariffs are on delay. There's nothing new here. Finally, we have very low tax rates across the board. People are able to not only pay taxes, but to pay off debts and buy other things because they're not being taxed to death. Whether it be food stamps or welfare, people are not forced to pay more for someone else's stuff.

All this is happening. all these great things economically. It's not perfect, but it's far better than what it was 4 years ago. Somehow, though, for some extremely odd reason, the media and the Federal Reserve are pushing the recession narrative. That makes ZERO sense. With this economic boom, there shouldn't be a recession in sight. So what's the explanation for this? Well you have the media which 500% against Trump and the Federal Reserve is ran by a bunch of Never Trumpers. They don't want to say how well the economy is doing right now, but they'll be glad to talk about bad times. Why? Simple, they don't like Trump and this is a new tactic in the never ending attempt to get rid of him. I'm not experiencing a recession where I live. I don't know of any bad times in a town, except for places like New York City,Detroit, Baltimore, San Francisco, and Los Angeles. Of course, look who runs those towns and states, a bunch of Leftists.

As someone said earlier today, let these people live their made up recession and let everyone else live in the economic boom which is the Trump economy. Let them be miserable, since that's ALL they're talking about, and, apparently, want to live in. Don't bother listening to them these people. If you do, you're only inflicting harm on yourself. These people will do ANYTHING just to see not only Trump but the rest of the country fail. It's nothing more than a way to scare you out of voting for Trump next year while helping bring the stocks down, and it's going to be an entire year of this crap. The Democrat candidates can't get it done on their own, so it's up to the media and the people at the Federal Reserve to try and take him out. They'll fail, but they're too stupid and arrogant to figure that out.
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There is a lot to be said for that but there are some issues:

1. There is a LOT of uncertainty with China right now and if they get too far sideways there's going to be a dramatic hit to consumer goods and agriculture. It can all get fixed without China's participation but it's going to take a while and it's going to be painful.
2. There is quite a bit of uncertainty with the UK. The way Brexit goes down is going to have an impact. It won't be anything on the scale of a China crisis but Barclay's and Lloyds damned sure have some skin i the game.
3. There are issues with Tehran and Pyongyang. Those two outfits by themselves aren't much of an issue but either of them could well decide to become an exacerbating factor in anything China or the EU does.

The flip side is that, as always, this uncertainty opens up opportunities in other places. One possible solution is to develop manufacturing in South and Central America as kind of a hedge against China. Improved economic conditions in the Americas would also reduce downward wage pressure in the US and ease immigration stress.
 
gulfman said:
Do you think the market will fall to 19,000 when the economic genius Obama left office?
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I know you're just a troll but it was close to 20,000 when President Obama left office. That's very impressive considering he started with it around 8000 on its way down. And what makes it even more impressive is you and yours were predicting zero. yea, your conservative masters had you guys pretty wound up about deficits, the value of the dollar and the market. so just to be clear, he is a genius by your standards.
 
Closed at 800 down.
Worst day of 2019 for the stock market.
I am sure it will be up 1600 tomorrow.
Nothing to see here.
 
Felis Leo said:
That is a total non-sequitur as to whether the average American benefits from stock. As I said, anyone who has a 401(k) or a private or public Pension benefits from stocks or bonds. Stocks are not merely for the wealthy. As to your question, I am not a Democrat, so I cannot speak to what makes Democrats viscerally happy. I am happy when poor people are able to work, save and invest to the point that they are able to enter the comfortable middle class. I am happy when those within the middle class are able to work, save and invest the point they possess comfortable wealth. I am not happy when any given group of people loses their investments, whether they are rich or poor. I cannot speak for anyone else on the matter though.
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Leo, its so nice to see a conservative praise the stock market. You'd be surprised at the number who routinely fretted about income inequality or how it doesn't benefit the average American. And congrats on being happy for the poor and middle class. you are truly a refreshing change from the usual conservative.
 
trixare4kids said:
I was yelled at for posting Yellen's words today. I didn't provide a source. :lol:
The perpetually aggrieved are getting battier by the day.
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It wasn't that you didn't provide a source that another forum member took umbrage with, it was the fact that you only quoted the portion that you knew would look good for Trump and omitted the part where Janet Yellen added "but, it doesn't look good".

Two different sources of Janet Yellen's comment were published, one by Fox and one by other outlets like The Hill, CNBC, Bloomberg, etc. The Fox headline was "Janet Yellen to Wall Street: "A recession is unlikely". But her quote was: “I think the answer is most likely no,” Yellen said exclusively on “WSJ at Large Opens a New Window. ” Wednesday. “I think the U.S. economy has enough strength to avoid that. But the odds have clearly risen and they are higher than I’m frankly comfortable with.” That's not quite as encouraging or positive as Fox would like their readers to read in a headline. The headline on The Hill was more succinct, "Janet Yellen: US 'most likely' not entering recession, but odds 'have clearly risen'
 
Lutherf said:
OK. So let's say that on Thursday China pulls troops back from Hong Kong and indicates that it will buy US pork, work with the US on combating intellectual property theft and pay for a really cool fountain at Mar-a-Lago. Simultaneously, the Fed leaks that it will cut rates by 25 BP next time around. Do we see the DOW go back up?

Let's say that a year from now Elizabeth Warren is polling 85 points higher than Trump. Do we see the yield curves normalize?
Click to expand...

Conservative said:
Every negative thread finds you on it, think you are doing anyone here a service by posting non stop 24/7 anti Trump posts? Elizabeth Warren is certainly your kind of candidate someone to give you what you cannot earn for yourself.
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Luther's comment was ridiculous. I wasn't talking to you by the way. I was responding to Luther's silly analogy.

Perhaps you'd embarrass yourself a little less if you consider the context of someone's reply to a forum member.
 
Chomsky said:
Maybe.

Yes, what you described may explain some of the micro-short-term swings we are seeing. But it does not explain the maco-time-frame where after many years of a steadily growing market, we now have seen no net market growth in the past 20 months or more. The tend line in place since early in Obama's term has been broken. And yes, that indeed indicates we may be in trouble. Maybe really big trouble.
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I'm not sure we're in for the armageddon of 2007, but we are overdue for a bear market contraction. Spending will slow down, lending will slow down, job creation will slow down, etc.

IF this trend becomes more and more steady, it's certainly the end of Trump. I happen to think it will.
 
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