• 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!

Where will the DOW close at on Dec. 31, 2016?

What goes up must come down, and oh what a fall it will be when it falls.
 
jet57 said:
That's probably going to come later.
Click to expand...

you didn't say what will come later, exactly. Have fun trying to figure it out.
 
DA60 said:
Me? I have no idea since the DOW is (IMO) almost totally dependent on what the Fed does. And since I have no idea what the Fed will do, I have no idea what the DOW will do.

If the Fed keeps doing it's stealth QE at the present rate of roughly $200-250 billion per year and raises rates very slowly/not at all then I think the DOW will fall roughly 5-10%. Remember, in 2015 with ZIRP and stealth QE it dropped 2%. But things look worse now IMO then they did a year ago overall.

But if the Fed gets worried and starts stimulating again...the DOW could shoot up again.

One thing is certain, fundamentals are more or less out the window in this era of central bank dominance.
Click to expand...

So....... What happened?

:lol:
 
DA60 said:
Me? I have no idea since the DOW is (IMO) almost totally dependent on what the
Click to expand...

Dow is actually dependent on relative earnings of DOW companies, not Fed
 
James972 said:
its high 19's now despite 8 years of a anti business libsocialist president. Trump is pro business and pro jobs so you 'd expect 25,000
Click to expand...

And if it goes down?? I bet you will blame Obama.
 
RAMOSS said:
And if it goes down?? I bet you will blame Obama.
Click to expand...

if it goes down it would be because of anti business liberal influence. Why else would business not go up? people go to work every day and learn how to do things better. Only liberalism is dedicated to interfering. Why do you think USSR Red China East Germany collapsed?

Liberals now want, for example, raise to $15/hr. That would bankrupt Walmart and most retail but liberals lack the IQ to do the math. Its Stalinist
 
James972 said:
if it goes down it would be because of anti business liberal influence. Why else would business not go up? people go to work every day and learn how to do things better. Only liberalism is dedicated to interfering. Why do you think USSR Red China East Germany collapsed?

Liberals now want, for example, raise to $15/hr. That would bankrupt Walmart and most retail but liberals lack the IQ to do the math. Its Stalinist
Click to expand...


Actually, no it wouldn't. If you look at other retailers that are similar, they DO pay 15 bucks an hour at a minimum , and have cheaper prices than walmart, yet make just as much profit. The difference is the CEO doesn't make nearly as much money. Now, one difference is that the other retailers have employees that are making enough money so they don't need government assistance to survive.
 
RAMOSS said:
Actually, no it wouldn't.
Click to expand...

$5/hr for 2.3 million employees is $19 billion, more than Walmart's profits. 1+1=2. Even is half their profits it would still bankrupt them. Macy's just closed 100 stores fired 10,000 and most survivers will lose out to Amazon. Liberal approach is pure Stalinist ignorance.
 
James972 said:
$5/hr for 2.3 million employees is $19 billion, more than Walmart's profits. 1+1=2. Even is half their profits it would still bankrupt them. Macy's just closed 100 stores fired 10,000 and most survivers will lose out to Amazon. Liberal approach is pure Stalinist ignorance.
Click to expand...

Well, you are making an assumption here that is incorrect. You are 1) assuming that here are 2.3 million u.s. employees. .. That is vastly overstated by 900K. Second, you are assuming that all 1.4 million would get 5 buck raises.. that is not true either.

Now, Walmart made 14.7 billion in profit last year. if all 1.4 million employees got a 5 dollar raise (which, by the way , it overstated, since many do make more than 10 bucks an hour), it would be 7 billion. That still would be 7.7 billion in profit.
 
RAMOSS said:
Well, you are making an assumption here that is incorrect. You are 1) assuming that here are 2.3 million u.s. employees. .. That is vastly overstated by 900K. Second, you are assuming that all 1.4 million would get 5 buck raises.. that is not true either.

Now, Walmart made 14.7 billion in profit last year. if all 1.4 million employees got a 5 dollar raise (which, by the way , it overstated, since many do make more than 10 bucks an hour), it would be 7 billion. That still would be 7.7 billion in profit.
Click to expand...

even if true it would still quickly bankrupt most retail which already is going bankrupt thanks to Amazont. Do you have a job for 10 million retail workers?? Liberlism is Stalinism!! Stalin, who also lacked the IQ to understand capitalism, was trying to help workers but instead starved 60 million of them to death. Do you see why our liberals spied for Stalin?
 
James972 said:
even if true it would still quickly bankrupt most retail which already is going bankrupt thanks to Amazont. Do you have a job for 10 million retail workers?? Liberlism is Stalinism!! Stalin, who also lacked the IQ to understand capitalism, was trying to help workers but instead starved 60 million of them to death. Do you see why our liberals spied for Stalin?
Click to expand...

Would it?? You still have 7.7 billion dollar profit for the company. Then, let's look to see what happens to the local economy and tax structure. Point 1).. the people getting the raise would require either less or no government assistance to survie. They would pay taxes on that increase, so rather than taking from the local government, they would be adding TO the local government. They would have more money to spend, and chances are they would be spending at least a portion of it at Walmart, if they were Walmart employees. It would also simulate other business in the area too, above and beyond Walmart.
 
DA60 said:
It closed out 2015 at 17,425.03.

Where do you think it will be on Dec. 31, 2106?
Click to expand...

I'm hoping upper 20's, but I suspect low 8's.
 
Oh, since Dec 31 2016 is in the past, and it was closed that day, I will point out that on Dec 30, 2016, the DOW was 19762.60 . Let's see what it is on Dec 31, 2017.
 
RAMOSS said:
Oh, since Dec 31 2016 is in the past, and it was closed that day, I will point out that on Dec 30, 2016, the DOW was 19762.60 . Let's see what it is on Dec 31, 2017.
Click to expand...

I didn't realize that post was a year old. :)
 
You must log in or register to reply here.
Back
Top Bottom