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Wounded Bear

(58,571 posts)

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

Reply to Bengus81 (Original post)

Wed Dec 20, 2017, 11:48 AM

Dec 2017

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.

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DOW DOWN 6 points right now---ROFLOL! [View all] Bengus81 Dec 2017 OP

It was already baked in. The Dow run up the past year has been in anticipation of this. scheming daemons Dec 2017 #1

What's weird too is the DOW dropped on Mon and Tue also...... Bengus81 Dec 2017 #2

Dow was going up for months in anticipation of tax cuts. Now that they're here...Dow will stagnate scheming daemons Dec 2017 #3

Buy the rumor, sell the fact Johonny Dec 2017 #13

Soon the cry from wall street and the republicans will be DEFICITS OUT OF CONTROL!!11!!11! workinclasszero Dec 2017 #12

You have figured out their game and I think a lot more have too. JimBeard Dec 2017 #15

Yes, it's a frightening thought shanti Dec 2017 #25

Of course the freeloaders are the billionaires heirs. delisen Dec 2017 #27

.025% krawhitham Dec 2017 #4

I have expected a bubble pop since Trump was elected... Wounded Bear Dec 2017 #5

Buy the rumor, sell the news... n/t CincyDem Dec 2017 #6

They are conning themselves if they think the market going up is a good thing. L. Coyote Dec 2017 #7

That shirt. Blue_true Dec 2017 #14

Everyone knows what sentient means. L. Coyote Dec 2017 #22

Not true. The word is archaic and seldom used in modern conversation. Blue_true Dec 2017 #33

True delisen Dec 2017 #28

Exactly how it should be said. nt Blue_true Dec 2017 #34

6 Points, Midday, Is Meaningful? ProfessorGAC Dec 2017 #8

6 points??? PoindexterOglethorpe Dec 2017 #9

Seems again, you're the only own adding any melodrama. LanternWaste Dec 2017 #19

I always find your posts fascinating. You correct other posters while making obvious mistakes. Tipperary Dec 2017 #21

Maybe I simply miss the irony PoindexterOglethorpe Dec 2017 #23

LOL...well since this BS tax cut was for nothing but the rich and Wall St. you do miss the irony... Bengus81 Dec 2017 #24

Uh, that's statistically insignificant, really. MineralMan Dec 2017 #10

True -- and in fact it is now plus 7.56 -- just checked karynnj Dec 2017 #16

I really do not get the op. You are right. It is not significant. Tipperary Dec 2017 #17

Yeah...Didn't imply that it was an impending crash,I just thought it was a bit funny... Bengus81 Dec 2017 #18

The tax scam is awful, but dropping 6 points is basically nothing. bearsfootball516 Dec 2017 #11

Dow went up 27% in Obama's first year, as much or more as since Trump election wishstar Dec 2017 #20

The market might like the tax cuts since the wealthy will buy stock flamingdem Dec 2017 #26

There is no reason for the 1% to pump up Wall Street now doc03 Dec 2017 #29

Dow closed down 28 for the day Achilleaze Dec 2017 #30

I really doubt that. greytdemocrat Dec 2017 #31

A correction is likely coming. WHile not a full blown panic-crash some kind of reversal Persondem Dec 2017 #32