DOW DOWN 6 points right now---ROFLOL!

[Bengus81]

Either this plan passage is already baked into the DOW over the last few months or even Wall St. knows this is a POS.

[scheming daemons]

1. It was already baked in. The Dow run up the past year has been in anticipation of this.

Dow will be flat or go down over the next several months.

[Bengus81]

2. What's weird too is the DOW dropped on Mon and Tue also......

How about that stock market Donnie???

[scheming daemons]

3. Dow was going up for months in anticipation of tax cuts. Now that they're here...Dow will stagnate

[Johonny]

13. Buy the rumor, sell the fact

[workinclasszero]

12. Soon the cry from wall street and the republicans will be DEFICITS OUT OF CONTROL!!11!!11!

We must reform (kill) social security/medicare!!!

Starting soon in 2018, you heard it here first!

[JimBeard]

15. You have figured out their game and I think a lot more have too.

[shanti]

25. Yes, it's a frightening thought

Last edited Thu Dec 21, 2017, 03:52 AM - Edit history (1)

but do you really think that all of the people who DEPEND upon SS and/or Medicare to survive will really allow this to happen? It's only part of my retirement income, but I damn well will be out in the streets if they try to take away the only thing keeping so many Americans alive. Whatever happened to the social contract, you know, taking care of those who are unable to take care of themselves? Rhetorical question, yes, but I have at least 4 relatives who voted for the piece of shit who occupies the white house. You know why? (I asked them.) The primary reason was because "so many people just have their hand out and take all the time - why should I pay for freeloaders". Only one of them is not doing well (on SSI), the others are doing quite well. They bought into Raygun's philosophy, and Faux tells them they are right. Now they don't want to discuss politics and their bad decision.

[delisen]

27. Of course the freeloaders are the billionaires heirs.

[krawhitham]

4. .025%

[Wounded Bear]

5. I have expected a bubble pop since Trump was elected...

Exploding gov't deficits probably won't help.

So, yeah, the next great recession seems in the offing. Real estate in my area has been ballooning for months now, getting really unreasonable for anybody not making multiple six figure incomes. Our state min wage is $4-5 above federal, and people still can't afford to raise a family.

[CincyDem]

6. Buy the rumor, sell the news... n/t

[L. Coyote]

7. They are conning themselves if they think the market going up is a good thing.

When you need lots more dollars to buy thew same thing in a globalized world, the dollar is losing value!

[Blue_true]

14. That shirt.

Is a perfect illustration of what is wrong with the message that we send as Democrats. I made this point several days ago and got ripped for it by one or two persistent posters. I know what "Sentient" means, but how many everyday people do? We use words that make people not get our message and need to stop that BS. Our language should be down to earth, to the point and fucking plain speak.

[L. Coyote]

22. Everyone knows what sentient means.

We are Democrats, not stupid.

[Blue_true]

33. Not true. The word is archaic and seldom used in modern conversation.

I stand by what I wrote.

[delisen]

28. True

We are Republicans . Do not trust us with your money, your health or your life.

[Blue_true]

34. Exactly how it should be said. nt

[ProfessorGAC]

8. 6 Points, Midday, Is Meaningful?

I think not. Come on, there are better ways to attack this abomination of fiscal policy.

[PoindexterOglethorpe]

9. 6 points???

O!M!G!

Are you serious? Six points is about two-tenths of one percent.

[LanternWaste]

19. Seems again, you're the only own adding any melodrama.

Seems again, you're the only own adding any melodrama. I can certainly understand why your focus is trivialization rather than substance... it appears a most consistent tact to better forward a narrative.

OMG (in all caps with exclamatory punctuation as edited by your own bias), indeed.

[Tipperary]

21. I always find your posts fascinating. You correct other posters while making obvious mistakes.

I think you mean “tack” and not “tact” which has a different meaning. The repeated use of “own” I really cannot fathom.

[PoindexterOglethorpe]

23. Maybe I simply miss the irony

intended by the OP.

But I keep on seeing absurd posts here where people are either freaking or gloating over a relatively small drop in the Dow.

[Bengus81]

24. LOL...well since this BS tax cut was for nothing but the rich and Wall St. you do miss the irony...

I'm not saying a 6 point drop signals the next Great Depression but I find it ironic that the DOW has dropped since Mon about 120 points in advance of them knowing full well this SHAM bill would pass. I was guessing we might see some blockbuster 300 point day upward. And...given the fact that all Donnie boy can do is talk up the stock market I find it very ironic.

[MineralMan]

10. Uh, that's statistically insignificant, really.

Meaningless.

[karynnj]

16. True -- and in fact it is now plus 7.56 -- just checked

In a minute, it is probably almost equally likely to be above or below zero.

[Tipperary]

17. I really do not get the op. You are right. It is not significant.

Never mind the fact that many of us can be adversely affected by the stock market, so I really will not be on board with cheering a major drop (were one to occur).

[Bengus81]

18. Yeah...Didn't imply that it was an impending crash,I just thought it was a bit funny...

that it would be down even a point after this MONSTER tax cut for Wall St. types. And the fact that this is day three of it going down.

Whatever.................

[bearsfootball516]

11. The tax scam is awful, but dropping 6 points is basically nothing.

It’s like the equivalent of cooking a huge pot of spaghetti, then taking one noodle out.

[wishstar]

20. Dow went up 27% in Obama's first year, as much or more as since Trump election

The market has had a steady rise from 2009 until now, so this rise over past year is not that spectacular if taken in context. Similarly, job growth under Trump has been just a continuation of the trend since 2009 and and in fact not as robust as the Obama years.

[flamingdem]

26. The market might like the tax cuts since the wealthy will buy stock

right?

[doc03]

29. There is no reason for the 1% to pump up Wall Street now

they got what they paid for. Maybe now is a good time to crash the market and wipe out the small
investors. that's what happens they crash the market and the small investors panic and get out
the 1% picks up stocks at bargain prices.

[Achilleaze]

30. Dow closed down 28 for the day

Investors recognize that Comrade Casino* and his KGOP republican cronies have just screwed the US goose.

The Trump Slump begins...


* republican Draft-dodger-in-Chief

[greytdemocrat]

31. I really doubt that.

Nothing I've seen in the markets points
to that.

[Persondem]

32. A correction is likely coming. WHile not a full blown panic-crash some kind of reversal

will happen.

Some of the details can be found at the link below ...
https://www.cnbc.com/2017/11/27/chance-of-us-stock-market-correction-now-at-70-percent-vanguard.html