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The Dow is negative again for the year

The Dow is down still further. Will possibly set the longest losing streak since 1978. But we're not supposed to be be worried until it's lower than the day that Trump took office.

Until then, we're supposed to be congratulating Trump for all the good he has done.
 
July 11.

Dow: 24,700.45

Negative again. 19 points below where we started the year.


The Dow starts to shake off fears generated by the last round of tariffs and inches up into positive territory and then boom, Trump comes out with another round of tariffs.


One ironic thing is that all of these unforced Trump-induced jitters started shortly after Trump boasted about the performance of the stock market in his State of the Union. Having taken credit for the momentum which was in place when he entered office, he turned around and completely killed the momentum.



But, hey, if it was his momentum, then he can kill it if he wants. It's only numbers. No actual lives are involved. Right?
 
Amelia said:
The Dow is down still further. Will possibly set the longest losing streak since 1978. But we're not supposed to be be worried until it's lower than the day that Trump took office.

Until then, we're supposed to be congratulating Trump for all the good he has done.
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the one percent are still making record profits.
 
Amelia said:
The Dow is negative again for the year. This is all on Trump and his trade wars.

Even if we actually did have a trade deficit with Canada it wouldn't have been a bad thing. A brisk volume of trade is a positive. That means lots of business being transacted. Lots of demand. Lots of jobs. Lots of opportunity for innovation. More robotics in Pittsburgh to replace the steel jobs of the 50's.

But we didn't even have a trade deficit with Canada. Trump just lied about that -- or didn't know. Which is worse? Trump lying or Trump just not knowing the facts and starting a trade war out of sheer ignorance? We do have trade deficits with other countries but we can't trust Trump to make sound decisions about those situations either. He has proven that the truth is immaterial to him. He has proven that he doesn't understand deficits, surpluses, how to intelligently manage tariffs, etc.

It's all bad.

So many people are going to be hurt over this. It's hitting close to home for me.
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View attachment 67236069
 
Bucky said:
Trump is no George W. Bush. Look at what Bush did after inheriting Clintons economy.

Trump is taking long term gains over shot term stability.
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Absolutely incorrect....Trump is taking short term gains with his tax cuts which is making him, his family, and his friends a lot richer....In the mean time the long term implications is our national deficit is currently on pace to reach over 1 trillion dollars which will increase our national debt by over 10 trillion. No infrastructure plan in sight because the U.S. simply can not pay for it....And now our Social Security and Medicare are in danger of being cut because of Trumps idiotic policies....Some long term plan there....
 
Mycroft said:
Wall Street doesn't matter as much as Main Street

[...]

Everything Trump is doing is focused on Main Street. Wall Street will adjust.
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Yeah it'll just trickle down.

Right. More like tinkle down.
 
ttwtt78640 said:
Or Trump is tossing stuff at the wall to see what sticks - only time will tell.
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Yeah Trump's operating out of a book entitled "Spots On The Wall" by Chinese author Hu Flung Dung
 
OscarLevant said:
Yeah it'll just trickle down.

Right. More like tinkle down.
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No, not trickle down. Booming business. That equals more jobs for Main Street.
 
trixare4kids said:
When Obama left office, the Dow was at 19,732.40... The Dow has gained over 5,000 since Trump's taken office. Today it's taking some dips ... My oh my, the sky is falling. lolz
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Yup, it’s up 26% since trump took office.

I don’t know about you but my 401k is doing just fine.
 
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