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Originally posted by 6IXSTRINGJACK:
Don't actually cash out your 401k though. You don't want to pay that early withdrawal penalty. Just put it in one of the safe investments.

And since it's all a crap shoot anyway and you might as well be gambling at Vegas, don't get mad at J0 if he was wrong and you lose out on some big gains. Chances are you were going to have it in there too long and lose them all whenever the next crash happens anyway. And it will eventually happen sooner or later.

Do Right, Be Right. :)

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Originally posted by JO753:
Time for a bust, so if youv got alot in a 401k and stock in anything that generally followz the Dow number, time to cash out.

It's artificially hi and the walez know that Trump iz going to be like Bush on steroidz. The minit wun uv them starts selling, the little guyz will follow and then its a rase for the life boats.

My fee for this advise iz 10%, az usual. Uze Paypal, its fast & eazy.

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Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

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Originally posted by JO753:

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Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

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I missed in fact, but not prinsipal.

How hi do you think it will go? Wut event are you keeping an eye out for that will presipitate a big drop?

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Originally posted by 6stringJoker:
What exactly does the DOW even mean anyways? When I was earning a good living and made a killing in the market the DOW was only around 14,000 back before Obama was in office. 20,000 is bad now...? lol Sounds like some people are making a ton of money while everyone else just keeps doing worse.

Queue Second to come in here and pull a link blaming Trump for that.

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Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

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Originally posted by Riverlove:

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Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

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I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

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You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Originally posted by THGRRI:
You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Originally posted by THGRRI:

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Originally posted by Riverlove:

Quote:

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Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

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I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

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You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Originally posted by 6stringJoker:

Quote:

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Originally posted by THGRRI:
You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Obama's success? I guess that's one way to look at it.

We already established a few months ago that under 8 years of Obama that corporate profits went up nearly 60% after inflation while the average American take home pay decreased about 40%.

I guess with Obama's success you didn't feel that drop in pay as much if you had a lot in a diversified portfolio.


A majority of us don't look at the DOW as a good benchmark to test a presidents success... at least not alone.

The fact the DOW is still going up and nothing else is really changing is a cause of concern to me.

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Originally posted by second:
Those are dollars that could have been spent on you, making your life easier.

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Originally posted by second:

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Originally posted by 6stringJoker:

Quote:

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Originally posted by THGRRI:
You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Obama's success? I guess that's one way to look at it.

We already established a few months ago that under 8 years of Obama that corporate profits went up nearly 60% after inflation while the average American take home pay decreased about 40%.

I guess with Obama's success you didn't feel that drop in pay as much if you had a lot in a diversified portfolio.

A majority of us don't look at the DOW as a good benchmark to test a presidents success... at least not alone.

The fact the DOW is still going up and nothing else is really changing is a cause of concern to me.

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US citizens are in a contest with everyone against everyone. It’s the Grand Melee. It’s a giant dog fight where the big dogs take

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Check it out:
https://en.wikipedia.org/wiki/Great_Recession

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https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008#Ca
uses

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(On January 26, 2016, the national debt held by the public was $13.62 trillion. Intragovernmental holdings stood at $5.34 trillion for the Medicare Trust Fund and the Social Security Trust Fund.)

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You can trace down which President did what to make things better or worse for the National Economy,

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but Presidents don't typically use their power to fix an individual’s life, to give them a big gift of cash.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by THGRRI:

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Originally posted by Riverlove:

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Originally posted by JEWELSTAITEFAN:
Should we still jump off?
Yesterday's close was about 21,454.
Looks like all time high of 21,535 was on June 19.

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I'm not. My stock portfolio is up about 18% since Trump was elected. Corporate earnings remain strong, but as we've seen before, things can turn ugly real fast. Best way to protect your investment and your profits is with stop-sell orders. If prices rise you can adjust the threshold upwards. If prices drop, your sell order kicks in and your loss is minimized.

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You guys are so full of shit. Your investments my ass. You act as though Trump saved us all. He's riding on Obamas' success. When President Obama took office on Jan. 20, 2009, the Dow Jones Industrial Average was 7,949.09. As of the end of Obama's term on January 20, 2017, the Dow was 19,732.40

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Obama's "success" - for koolaid drinkers.

On Oct 12, 2007 - just before the Rock The Vote Democraps who took majority of the House had their disastrous first budget take full effect (FY2008) - Dow closed 14,093. Bush had been in office for 6 years.
On Nov 4, 2008 - Election Day - Dow closed at 9,625. A drop of 32% in 13 months that the Rock The Vote Democraps can take credit for.
On Nov 5, 2008 - Black Wednesday, when the results were learned (American voters chose the path of further economic disaster) - Dow closed at 9,139. A drop of 5% in one day which Bobo can take credit for.
By Jan 19, 2009 the impending doom had driven the Dow to 8,279 at close - a drop of another 9.5% since Nov 5 (76 days). Bobo can take credit for this.
On Jan 20, 2009 the Dow dropped another 4% in this single day. A drop of 17.5% since the day of the election. Bobo can take credit for this also.
On Mar 9, 2009 the Dow closed at 6,547. A drop of 21% in Bobo's first 48 days in office. Yep, Obama can take credit for this also. Total of 32% loss since Election Day, matching the loss of a whole year of Democraps in charge (with only Bush43 to reign them in). And a loss of 53% in only 1 year, 4 months since Democraps took control of the Fed Budget.

On November 2, 2010 - Election Day - the Dow closed at 11,188. It had crept up 1,563 points since Obama was elected. Or 16% in 2 years. This is the rate of growth that Bobo could take credit for. Still 2,905 less than before Democraps had taken control of the Federal Budget.
On 27 Jan, 2011 - when the new Congress had taken their seats, discharging the Democrap majorities - Dow closed at 11,989. A gain of 801 points in only 3 months since the election, and only a few weeks in office - despite Bobo still occupying the White House. Can't see Bobo taking credit for the GOP's gains - oops, that's right, Bobo did take credit where not due.

By Jan 20, 2017 - with 6 years of GOP control of Congress, the Dow had gained 76%, despite Bobo still occupying the White House.
By Jun 19, 2017 the Dow achieved 21,535. A gain of 1,803 point and over 9% in only the first 5 months of Trump taking office.

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Originally posted by JEWELSTAITEFAN:
Yeah, let's check it out. Here is a Libtard version of what I already laid out in the above post. Back before Obama, the U.S. was a global economic leader (amazing how many forget that now), and when the Rock The Vote Democraps put us into a tailspin, the related global economies also suffered. Economies not related to ours did not suffer so much.

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Originally posted by G:

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Originally posted by AURaptor:
We were told that this would never happen under Trump.

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Please don't tell me you give Trump credit for this.

http://www.businessinsider.com/president-obama-stock-market-performanc
e-2016-6

"If you're an investor, there are a lot of people to thank for the second-longest bull market run in history. Perhaps after mentioning people like Federal Reserve Chair Janet Yellen and S&P 500 CEOs for the support, it would be wise to bring up someone a little more unexpected: President Obama.

In fact, as far as presidents go, he's been one of the most successful in modern history in supporting the growth of the market according to Bespoke Investment Group.

"The reality, though, is that the stock market has done exceptionally well under President Obama," wrote Bespoke in a note out Thursday.

"The Dow Jones Industrial Average's performance [under Obama] of 120.6% ranks as the sixth best of any US President since 1900, just behind Reagan and comfortably ahead of Truman, who at 74.4% is far behind." "

That's from Business Insider who are not typically big fans of Obama.

Stock predictors are just better guessers than the rest of us, but just barely, and frequently they are wrong. Otherwise it would be easy money. And thank gawd the ones that predicted his taking office would have negative effect were wrong, but don't think for a second they won't turn the other way when the opportunity presents itself. 'Course we won't know because he'll own the press and it will all appear all rosy, like it is in Russia. Maybe we'll hit 30,000 in a couple months! Wheee....

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Originally posted by JEWELSTAITEFAN:

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Originally posted by JEWELSTAITEFAN:
Yeah, let's check it out. Here is a Libtard version of what I already laid out in the above post. Back before Obama, the U.S. was a global economic leader (amazing how many forget that now), and when the Rock The Vote Democraps put us into a tailspin, the related global economies also suffered. Economies not related to ours did not suffer so much.

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Some people don't even remember this. Before Obamination, The U.S. Economy was a world leader. The Dow and other benchmarks of the Stock Market were controlled by the Free World, The Free Market, Free Enterprise.
Under Obamanomics, the Stock Market and economy have become the dog getting wagged by the tail. For years whenever Bobo declared he would destroy the economy the MSM proclaimed that the resulting economic hit (loss of Market value) was because somebody burped in Turkey, or somebody passed wind in Germany, and such nonsense. It went on for so long that enough investors started to believe the fantasies of the MSM. This was the same MSM that kept telling investors to stay in the market in 2008, the whole year, so they could lose half of their money, their life's savings, their life's work.
Obamanomics has created a surreal view of how market forces work, and denies that actual market forces have any bearing.

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Originally posted by reaverfan:

Quote:

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Originally posted by G:

Quote:

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Originally posted by AURaptor:
We were told that this would never happen under Trump.

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Please don't tell me you give Trump credit for this.

http://www.businessinsider.com/president-obama-stock-market-performanc
e-2016-6

"If you're an investor, there are a lot of people to thank for the second-longest bull market run in history. Perhaps after mentioning people like Federal Reserve Chair Janet Yellen and S&P 500 CEOs for the support, it would be wise to bring up someone a little more unexpected: President Obama.

In fact, as far as presidents go, he's been one of the most successful in modern history in supporting the growth of the market according to Bespoke Investment Group.

"The reality, though, is that the stock market has done exceptionally well under President Obama," wrote Bespoke in a note out Thursday.

"The Dow Jones Industrial Average's performance [under Obama] of 120.6% ranks as the sixth best of any US President since 1900, just behind Reagan and comfortably ahead of Truman, who at 74.4% is far behind." "

That's from Business Insider who are not typically big fans of Obama.

Stock predictors are just better guessers than the rest of us, but just barely, and frequently they are wrong. Otherwise it would be easy money. And thank gawd the ones that predicted his taking office would have negative effect were wrong, but don't think for a second they won't turn the other way when the opportunity presents itself. 'Course we won't know because he'll own the press and it will all appear all rosy, like it is in Russia. Maybe we'll hit 30,000 in a couple months! Wheee....

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Yup. we have Obama to thank for his great leadership.

He saved us from the failure and disaster that was Bush.

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Originally posted by reaverfan:

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Originally posted by JEWELSTAITEFAN:

Quote:

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Originally posted by JEWELSTAITEFAN:
Yeah, let's check it out. Here is a Libtard version of what I already laid out in the above post. Back before Obama, the U.S. was a global economic leader (amazing how many forget that now), and when the Rock The Vote Democraps put us into a tailspin, the related global economies also suffered. Economies not related to ours did not suffer so much.

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Some people don't even remember this. Before Obamination, The U.S. Economy was a world leader. The Dow and other benchmarks of the Stock Market were controlled by the Free World, The Free Market, Free Enterprise.
Under Obamanomics, the Stock Market and economy have become the dog getting wagged by the tail. For years whenever Bobo declared he would destroy the economy the MSM proclaimed that the resulting economic hit (loss of Market value) was because somebody burped in Turkey, or somebody passed wind in Germany, and such nonsense. It went on for so long that enough investors started to believe the fantasies of the MSM. This was the same MSM that kept telling investors to stay in the market in 2008, the whole year, so they could lose half of their money, their life's savings, their life's work.
Obamanomics has created a surreal view of how market forces work, and denies that actual market forces have any bearing.

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So wrong. So dumb. Wow. You don't know shit about anything, do you?

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Originally posted by JEWELSTAITEFAN:
Yesterday DOW closed about 21,711. Good thing JO got out in time.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by JEWELSTAITEFAN:
Yesterday DOW closed about 21,711. Good thing JO got out in time.

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And 21,796 today. Almost 9% total gain since 20K. Which was 6 months ago. Like an 18% annual gain.
That's more than Bobo could accomplish in his first 2 years, without GOP propping him up in Congress - despite it being the easiest period for economic recovery, and this now being the most difficult period for gains.

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Originally posted by JEWELSTAITEFAN:

6 months and 2 weeks after taking office.

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Originally posted by second:

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Originally posted by JEWELSTAITEFAN:

6 months and 2 weeks after taking office.

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There is a stock market crash coming because after 6 months of talks between the White House and the Senate there is no progress on raising the country’s debt ceiling,

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www.washingtonpost.com/news/wonk/wp/2017/08/01/debt-ceiling-talks-betw
een-white-house-senate-break-up-with-no-progress/?utm_term=.353fbdc19fe4

Trump has ridiculed Republicans in the past for agreeing to lift the borrowing limits when Obama was in office.

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Originally posted by JEWELSTAITEFAN:

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Trump has ridiculed Republicans in the past for agreeing to lift the borrowing limits when Obama was in office.

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And rightfully so, obvious to a great majority of the electorate - a key factor in winning the election. Hopefully Trump can retain the backbone to be faithful to his pledge on this facet.

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Originally posted by second:
To explain this in a way that a Trump voter would understand: If the USA does not get a payday loan in September, the USA will be evicted from its apartment and have its car towed by the repo-man.

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Originally posted by 6stringJoker:

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Originally posted by second:
To explain this in a way that a Trump voter would understand: If the USA does not get a payday loan in September, the USA will be evicted from its apartment and have its car towed by the repo-man.

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That's hilarious given that the demographic breakdown of the Democratic party is people as rich or even better off than Second, and 99% of the people stupid enough to take out a Payday loan.

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Originally posted by 6stringJoker:
This problem really has nothing to do with Trump.

My question is why do we even have a debt ceiling if all we're going to do every year is pretend like it means anything as if it's not going to be raised significantly.

Quantitative Easing. Obama's legacy.

If history ever gets over the fact that he was the first black president, it won't remember him very fondly.

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Originally posted by second:
It is not that the USA has borrowed too much. The problem is the USA spent too much on bad projects with no return on the investment. The Democrats/Republicans don't agree on what a bad project is.

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Originally posted by 6stringJoker:

I don't care if the government or big business are doing better when the working class are suffering.

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Originally posted by second:

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Originally posted by 6stringJoker:

I don't care if the government or big business are doing better when the working class are suffering.

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I recall you were affected by Financial crisis of 2007–2008. That was caused by Republicans. Republicans say they had nothing to do with it, but that is/was/always an untruth. https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008

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Originally posted by second:

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Originally posted by 6stringJoker:

I don't care if the government or big business are doing better when the working class are suffering.

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I recall you were affected by Financial crisis of 2007–2008.

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Originally posted by 6stringJoker:

The financial crisis that happened then and is still very strong a decade later didn't really effect me all that much. A lot of people I care about were hit pretty hard though.

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