Dow @ 20K. Time to jump off! by JO753

Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.
Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)

In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?

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Tuesday, February 27, 2018 8:13 AM

Quote:
Originally posted by JEWELSTAITEFAN:

Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.
Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)
In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?

Why would you ever imagine that something such as the DOW would continue in the future as it has in the past? It's only 120 years old. Most of the people who invest in it don't even understand what they're actually doing.

Add to this the volatility of the market right now, all of the questions that globalization brings up and the general unease in the world right now.

I reject your argument. It's the same one that people who told me I was an idiot for paying rent told me when I didn't buy a house before the crash.

Do Right, Be Right. :)

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Wednesday, February 28, 2018 1:06 AM

Quote:
Originally posted by second:
Quote:
Originally posted by JEWELSTAITEFAN:
Looks like the markets have held steady, following that.
I know something that will unsteady the market:

The market expects people with incomes greater than $600,000 to get a $145,000 tax cut.

Incomes less than $228,000 get a $1,180 tax cut.

Less than $40,000 get $320. This is where most people live, but they can't move the stock market because they own very little of it.

Less than $25,300 get $130.

If the $600,000 people do NOT get their $145,000 tax cut, they will crash the stock market out of indignation toward Trump.

www.motherjones.com/kevin-drum/2017/08/which-taxes-have-been-choking-a
merican-growth/

This is hilarious.
whozit just posted in another thread that with about $38,000 income he got a $2,600 Tax Cut.

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Wednesday, February 28, 2018 9:13 AM

I think he said he got a bonus and is somehow attributing that to Trump's tax plan, which I still see zero correlation when anybody says it's happening. There's no way he got a $2,600 federal tax cut with Trumps new plan on only $38,000.

2017:

Personal Exemption: $4,050
Standard Deduction: $6,350
Total: $10,400

$38,000
-
$10,400
=
$27,600

$9,325 @ 10% = $933
+
$18,275 @ 15% = $2,741

His total Federal tax for 2017 = $3,674

2018:

Personal Exemption: N/A
Standard Deduction: $12,000

$38,000
-
$12,000
=
$26,000

$9,525 @ 10% = $953
$16,475 @ 12% = $1,977

His total Federal tax for 2018 = $2,930

TOTAL TAX REDUCTION FROM 2017 TO 2018 = $744

That's a 2% raise he got this year, on top of the 2% raise his employer just gave him.

It's better than the 0% raise I got at KMart for 2 years.

Man.... do I miss the days when I was getting 6% raises 5 years in a row and a 16% promotion and was making nearly $60k before I got laid off.

To think.... I thought I was underpaid at the time. Sheesh.

Do Right, Be Right. :)

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Wednesday, February 28, 2018 8:21 PM

rezident owtsidr

I no thingz arent good wen my JSF stok report duznt show up.

Down 380 today.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Thursday, March 1, 2018 4:58 PM

Dow closed at 24,608 today. Looks like some more discount pricing, but only 7.5% off the Record All-Time High.
Was 25,029 yesterday.

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Thursday, March 1, 2018 5:03 PM

Quote:
Originally posted by 6IXSTRINGJACK:
I think he said he got a bonus and is somehow attributing that to Trump's tax plan, which I still see zero correlation when anybody says it's happening. There's no way he got a $2,600 federal tax cut with Trumps new plan on only $38,000.

2017:
Personal Exemption: $4,050
Standard Deduction: $6,350
Total: $10,400

$38,000 - $10,400 = $27,600

$9,325 @ 10% = $933
$18,275 @ 15% = $2,741
His total Federal tax for 2017 = $3,674

2018:
Personal Exemption: N/A
Standard Deduction: $12,000
$38,000-$12,000=$26,000

$9,525 @ 10% = $953
$16,475 @ 12% = $1,977
His total Federal tax for 2018 = $2,930

TOTAL TAX REDUCTION FROM 2017 TO 2018 = $744

That's a 2% raise he got this year, on top of the 2% raise his employer just gave him.

I don't disagree with your math, but your $744 is still not the same as the $320 from second.

Whozit said $50 per week, before his 2% raise got him over the $19/hr mark.
If he had $10K contributed to 401k (unlikely), 2017 would be $2,174 and 2018 would be $1,730. Difference of $444 - still not 2,600.

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Friday, March 2, 2018 7:52 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,608 today. Looks like some more discount pricing, but only 7.5% off the Record All-Time High.
Was 25,029 yesterday.

Trump said on Friday trade wars were good and easy to win, striking a defiant tone after global criticism of his plan to slap tariffs on imports of steel and aluminum that triggered a slide in world stock markets.
www.reuters.com/article/us-usa-trade/trump-defiant-after-criticism-of-
steel-and-aluminum-tariffs-idUSKCN1GE1PM

The US market went down because tariffs went up. Those tariff changes actually target Canada, not China, so Trump missed the Chinese target and hit a friend.

President Trump’s newly announced steel and aluminum tariffs are widely seen as a strike against China. But here’s an odd thing: the tariffs are based on a pair of Commerce Department reports (steel here, aluminum here) that examine whether domestic production of these products is essential to national security. However, the reports recommend tariffs only on raw aluminum and raw steel mill products (plates, wire, sheeting, etc.), and when it comes to raw metals, we hardly get any at all from China:
[see graph in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]

It’s pretty much the same deal for aluminum:
[see graph 2 in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]

There might be a case that these products are crucial for national security and our supply shouldn’t be dependent on uncertain sources, but that only holds water if you consider Canada, Brazil, and Mexico to be uncertain sources. This is just me, but I can’t say I stay up nights worrying that Canada might cut off our supply of steel and aluminum if we get into a war.

But things get even odder when you broaden your horizon. If you look at more advanced steel products, we do indeed import a lot from China:
[see graph 3 in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]

But these products aren’t included in the tariffs. Apparently we’re worried about being dependent on Canada and Brazil, but not on China. This is . . . peculiar, no?

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Friday, March 2, 2018 9:34 AM

rezident owtsidr

Peculiar if you dont know that Trump iz both an idiot and a puppet uv Putin, either uv wich explain the move.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Saturday, March 3, 2018 5:28 AM

Dow closed at 24,538 on Friday. This is 7.8% off the all time high. Not as bargain of price as in Feb, but still a discount price for buying in.

Trump blabbering about confiscating firearms upon a whim, and leveling tariffs against Canada for steel and aluminium, and making Hope Hicks quit seems to have depressed the Dow, but NASDAQ stayed up the whole day.

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Sunday, March 4, 2018 12:10 AM

Quote:
Originally posted by JEWELSTAITEFAN:
I don't disagree with your math, but your $744 is still not the same as the $320 from second.

Whozit said $50 per week, before his 2% raise got him over the $19/hr mark.
If he had $10K contributed to 401k (unlikely), 2017 would be $2,174 and 2018 would be $1,730. Difference of $444 - still not 2,600.

That's all true. I wasn't arguing with you or whozit, but I felt the need to put the actual numbers out there. It doesn't do anybody any good when false numbers are put up and then repeated just for the purpose of framing a narrative. This goes for anybody doing it on any "side" for any reason.

That being said, the numbers I put up also throw Second's $320 quote out the window as well...

Quote:
Originally posted by second:

Less than $40,000 get $320. This is where most people live, but they can't move the stock market because they own very little of it.

That's why I love math. Math don't lie.

Do Right, Be Right. :)

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Monday, March 5, 2018 3:33 PM

Dow closed at 24,874 today.
That's 6.5% off the Record All-Time High.

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Monday, March 5, 2018 3:33 PM

In another thread on 28 February, Wishi said to expect another crash like 2008. And cash out, run for the hills.
That was with Dow at 25,029.

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Friday, March 9, 2018 3:58 PM

Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,538 on Friday. This is 7.8% off the all time high. Not as bargain of price as in Feb, but still a discount price for buying in.

Trump blabbering about confiscating firearms upon a whim, and leveling tariffs against Canada for steel and aluminium, and making Hope Hicks quit seems to have depressed the Dow, but NASDAQ stayed up the whole day.

That babble about the Tariffs on steel and aluminum was bad reporting.
The new method of Tariffs which Trump desires is to allow him to more selectively apply Tariffs, like exempting Canada and Mexico from the steel and aluminum Tariffs.

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Friday, March 9, 2018 4:07 PM

Dow closed today at 25,335. Last time the close was in this territory was 26 Feb. Like 9 trading days ago. This is 4.8% off the Record All-Time High.
Up 1.77% for the day, some attribute to a strong jobs report.

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Friday, March 9, 2018 4:59 PM

THGRRI

Time for some reality...The video is about the first 6 months of Trumps economy. The last 6 months is just more of the same.

They did pass the tax plan although it kills the deficit. A trillion dollar give back to the donor class, but no infrastructure bill. I guess Trump figured the money was better spent by giving it to rich people. More to come....

T

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Saturday, March 10, 2018 9:28 PM

THGRRI

JP Morgan co-president warns of 'deep correction' for stocks totaling as much as 40% over next few years

"The equity market has some way to go for the next year to two," said J.P. Morgan's Daniel Pinto. "But then, if there is a correction, it could be a deep correction."

https://www.cnbc.com/2018/03/08/jp-morgan-co-president-warns-of-deep-c
orrection-for-stocks-totaling-as-much-as-40-percent.html

T

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Monday, March 12, 2018 4:16 PM

While Dow closed down a fraction of a percent today, NASDAQ closed at yet another Record All-Time High.

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Monday, March 12, 2018 4:22 PM

Quote:
Originally posted by THGRRI:
Time for some reality...The video is about the first 6 months of Trumps economy. The last 6 months is just more of the same.

They did pass the tax plan although it kills the deficit. A trillion dollar give back to the donor class, but no infrastructure bill. I guess Trump figured the money was better spent by giving it to rich people. More to come....

T

I'd respect your "reality" if buying into the Obama's administration as good times wasn't also part of it.

I'll be the first to admit that nothing has improved in the last year for the working class, but if we're going to agree on things you have to admit that it didn't get any better under Obama either and there has been zero improvement for the working class since the downturn in the early 2000's under GWB.

Do Right, Be Right. :)

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Monday, March 12, 2018 5:19 PM

Quote:
Originally posted by JEWELSTAITEFAN:
Quote:
Originally posted by JO753:
The real playerz will figure its definitley jammed up, so time to bail out. If not by Friday, next week.
Your predictions have always been wrong so far. Maybe you get one right.
But I don't think so, not with current available evidence.

This was from 14 Feb.
Yet again, I was right.
Yet again, JO was wrong. Like a broken record.

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Thursday, March 15, 2018 9:32 AM

Dow dropped 1% to close at 24,758 Wednesday. Bargain pricing has returned for a day or so.

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Thursday, March 15, 2018 4:52 PM

rezident owtsidr

I predict a big jump wen Trump gets axed.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Thursday, March 15, 2018 9:23 PM

I hope you haven't been holding your breath. I hear that can lead to brain damage.

Do Right, Be Right. :)

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Thursday, March 15, 2018 9:40 PM

Quote:
Originally posted by 6IXSTRINGJACK:
I hope you haven't been holding your breath. I hear that can lead to brain damage.

Do Right, Be Right. :)

Too late.

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Tuesday, March 20, 2018 3:39 AM

Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.

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Tuesday, March 20, 2018 7:49 AM

Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.

Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.

Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)

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Tuesday, March 20, 2018 8:59 AM

Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.
Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.

Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)

Users signed contracts which included the language. Facebook contracted with these other companies with language which certainly provides plausible deniability.
Does anyone truly believe Facebook didn't know this would happen, or was happening?
And what are Facebook users gonna do, stop using? It's gizmo crack.
Facebook users will forget all about this in 5 4 3 2...

Do you think the lawyers for Facebook have enough money To win?

I don't know what Facebook stock is going for. How many days do you think will pass before the price returns to Friday's price level?

Edit: fb was 185.09 on Friday, 172.56 Monday.

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Tuesday, March 20, 2018 9:02 AM

Quote:
Originally posted by JEWELSTAITEFAN:
Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.
Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.

Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)
Users signed contracts which included the language. Facebook contracted with these other companies with language which certainly provides plausible deniability.
Does anyone truly believe Facebook didn't know this would happen, or was happening?
And what are Facebook users gonna do, stop using? It's gizmo crack.
Facebook users will forget all about this in 5 4 3 2...

Do you think the lawyers for Facebook have enough money To win?

I don't know what Facebook stock is going for. How many days do you think will pass before the price returns to Friday's price level?

I'd be surprised if the stock doesn't recover faster than people forgot about the Puerto Rico disaster.

Do Right, Be Right. :)

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Tuesday, March 20, 2018 9:14 AM

Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.
Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.

Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)
Users signed contracts which included the language. Facebook contracted with these other companies with language which certainly provides plausible deniability.
Does anyone truly believe Facebook didn't know this would happen, or was happening?
And what are Facebook users gonna do, stop using? It's gizmo crack.
Facebook users will forget all about this in 5 4 3 2...

Do you think the lawyers for Facebook have enough money To win?

I don't know what Facebook stock is going for. How many days do you think will pass before the price returns to Friday's price level?
I'd be surprised if the stock doesn't recover faster than people forgot about the Puerto Rico disaster.
I
Do Right, Be Right. :)

Whatever was said at the SJW Awards.

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Tuesday, March 20, 2018 9:33 AM

Jeez. Dow opens with 107 point gain in the first minute.

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Tuesday, March 20, 2018 10:42 PM

rezident owtsidr

Did it keep going at that rate? Iz it 51360 points hire now?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Tuesday, March 20, 2018 11:32 PM

Quote:
Originally posted by JO753:
Did it keep going at that rate? Iz it 51360 points hire now?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

lol

Post of the week right here.

Do Right, Be Right. :)

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Thursday, March 22, 2018 6:24 PM

Dow closed today at 23,957. A drop of almost 3% today. This is 10% off the Record All-Time High. Hard to beat a discount price like this to buy in at. Buffet must be buying like crazy about now.
The Dow closed at 23,860 on 8 February.

Quote:
Originally posted by JEWELSTAITEFAN:
Although a lot of people would be relieved if it drops to 22,623 before rebounding.

Perhaps I should point out, here in the moment: these are the days of making the largest gains in funds. Buying at a discount of 6% can get an easy gain on bounce back, in a matter of days instead of the 55 days it recently took to scale this mountain of stock value.
And if it can drop to 22,623 then the rebound can only be reasonably expected to be 5% to 10% of the all-time high, so buying at the end of Monday could still result in a loss.
But regardless, whenever the market hits the best bargain price, that is when the common trader has the greatest opportunity to grow their funds. Although this volatility is just noise, the potential for growth is far greater than days of a couple hundred point gains.

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Thursday, March 22, 2018 9:12 PM

Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.

Now that it was revealed that Obama knowingly used the same company with their data mining, the Markets are all down. But today MSM is blaming the drop on Trump applying Tariffs to China products.

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Thursday, March 22, 2018 9:28 PM

CAPTAINCRUNCH

... stay crunchy...

Quote:
Originally posted by JEWELSTAITEFAN:
Now that it was revealed that Obama knowingly used the same company with their data mining, the Markets are all down.

Single dumbest sentence posted on FFF.NET so far this year.

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Thursday, March 22, 2018 9:30 PM

Quote:
Originally posted by captaincrunch:
Quote:
Originally posted by JEWELSTAITEFAN:
Now that it was revealed that Obama knowingly used the same company with their data mining, the Markets are all down.

Single dumbest sentence posted on FFF.NET so far this year.

Explain why.

Did Obama's administration not use the same company, or did they unknowingly use it?

Or did this have nothing to do with the markets going down?

I'm not arguing that it's not dumb. You just have a habit of saying stuff like this and not backing any of your statements up.

Do Right, Be Right. :)

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Friday, March 23, 2018 1:15 PM

CAPTAINCRUNCH

... stay crunchy...

Quote:
Originally posted by 6IXSTRINGJACK:
Explain why.

Did Obama's administration not use the same company, or did they unknowingly use it?

Or did this have nothing to do with the markets going down?

Ask yourself: If you had Money in the market would finding out that Obama used CA make you start dumping stocks? Why?

OR would you more likely be worried about a trade war with our Largest Trading Partner?

Does the market care about the past, or today and the future?

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Friday, March 23, 2018 3:37 PM

Quote:
Originally posted by captaincrunch:
Quote:
Originally posted by 6IXSTRINGJACK:
Explain why.

Did Obama's administration not use the same company, or did they unknowingly use it?

Or did this have nothing to do with the markets going down?
Ask yourself: If you had Money in the market would finding out that Obama used CA make you start dumping stocks? Why?

OR would you more likely be worried about a trade war with our Largest Trading Partner?

Does the market care about the past, or today and the future?

Did Facebook stock prices drop when news was reported about CA?
Did that initiate a large Market selloff?
The MSM said that was the cause and effect - do you disagree?
Facebook is run by Libtards, are we agreed? So the news that a one-time occurance which supposedly benefitted Trump was unsettling to Snowflakes, right?
The concern could be mitigated with the Libtard view that CA was influenced by Manafort (no longer affiliated by that time), and then done solely to benefit Trump.

So the news that it was not a one-time occurance, going back years, should be ignored by Snowflakes?
If Snowflakes had imagined that fellow Libtard Zuckerwad would protect their interests, this new revelation could be unsettling.
If Snowflakes had imagined that fellow Libtard Bobo would not compromise their interests by obtaining this data, through a Manafort intermediary, this new revelation could be unsettling.
If Snowflakes had imagined that Obama had their best interests at heart, then this new revelation that he knew how the data was obtained and permitted it to continue, thus allowing Trump to use it as well, could be unsettling.

But, maybe you are merely stupid.

You should keep you money in the Market when it is losing value.
The China Tariffs were old news. Even Libtards had heard of it prior to this week.
The Facebook news was new.

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Friday, March 23, 2018 4:44 PM

rezident owtsidr

I'll buy my first stock wen it gets down to 10,000. Thats wen I'd be fairly confident that it woud be going up from there eventually.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Friday, March 23, 2018 6:13 PM

Dow closed today at 23,533. A drop of 1.7% today. This is 11.6% off the Record All-Time High. Hard to beat a discount price like this to buy in at. Buffet must be buying like crazy about now.
The Dow closed at 23,860 on 8 February.
Dow closed at 23,539 on 4 November 2017.
Dow closed at 23,516 on 3 November 2017.

Today Trump signed the Cramnibus Spendaholic bill, largest spending bill in history, to last until September if this year, 6 months from now.

Quote:
Originally posted by JEWELSTAITEFAN:
Although a lot of people would be relieved if it drops to 22,623 before rebounding.

Perhaps I should point out, here in the moment: these are the days of making the largest gains in funds. Buying at a discount of 6% can get an easy gain on bounce back, in a matter of days instead of the 55 days it recently took to scale this mountain of stock value.
And if it can drop to 22,623 then the rebound can only be reasonably expected to be 5% to 10% of the all-time high, so buying at the end of Monday could still result in a loss.
But regardless, whenever the market hits the best bargain price, that is when the common trader has the greatest opportunity to grow their funds. Although this volatility is just noise, the potential for growth is far greater than days of a couple hundred point gains.

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Friday, March 23, 2018 9:05 PM

rezident owtsidr

Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.

Woudnt that forse most peepl out and thus the entire game starts to colaps?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Saturday, March 24, 2018 4:31 AM

Quote:
Originally posted by JO753:
Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.

Woudnt that forse most peepl out and thus the entire game starts to colaps?

That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long. It hasn't been able to stay between 23.5K and 25K for more than a week since it entered that range in Nov 2017.

But let's pretend.

As older people in pensions and other types of retirement plans leave the workforce, newer workers will transition into more mutual funds, feeding more money into the Market, increasing demand, increasing prices. Same thing from other investors.
Retirement funds are not withdrawn within a few years without penalties, and not until the legally designated age. This age would be achieved by about one in 45 workers per year.

Unless you are talking about the wealthy investors. These people make gobs of money with the minor ups and downs of the day-to-day and week-to-week. Their money handlers are day traders, a different, perhaps opposite, animal than mutual fund investors. Since the Dow hit 26,616 on 26 Jan it has gone up and down 1% dozens of times, 2% a dozen or so times, 5% several times, in less than 2 months, about 42 trading days. Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.

So what is it that you think will collapse? Who is it that will get out permanently?
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?

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Saturday, March 24, 2018 4:46 AM

And you still haven't answered this question:

Quote:
Originally posted by JEWELSTAITEFAN:
If I tell you that we'll take the entirety of your life savings (or 10% of your life earnings) and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?

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Saturday, March 24, 2018 5:01 AM

Quote:
Originally posted by JEWELSTAITEFAN:
Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.
Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.

Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)
Users signed contracts which included the language. Facebook contracted with these other companies with language which certainly provides plausible deniability.
Does anyone truly believe Facebook didn't know this would happen, or was happening?
And what are Facebook users gonna do, stop using? It's gizmo crack.
Facebook users will forget all about this in 5 4 3 2...

Do you think the lawyers for Facebook have enough money To win?

I don't know what Facebook stock is going for. How many days do you think will pass before the price returns to Friday's price level?

Edit: fb was 185.09 on Friday, 172.56 Monday.

fb closed at 159.39 on Friday. Loss of 25.7 in 5 trading days, or 14%.
On Wednesday it closed a tad under 170. So in the past week, half its loss was from the story of data mining for 2016, then it steadied for a couple days, and then lost the other half from the story of Obama endorsing and allowing the data theft.
Some people here have said that the 6% loss for Facebook in the last 2 days was caused by China Tariffs.
That is a bigger drop than the Dow, which only did 4.7% total in the past 2 days.

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Saturday, March 24, 2018 6:09 AM

rezident owtsidr

Quote:
Originally posted by JEWELSTAITEFAN:
That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long.

OK. So how long do you say it can stay stuk befor it fallz apart?

Quote:
...Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.

How long can they keep riding it down the crapper till its not worth the effort?

Quote:
So what is it that you think will collapse? Who is it that will get out permanently?

A complete collapse iz wen no company iz offering stock kuz nobody iz willing to pay the minimum prise the company will sell a share for. Same az a real product, therez 2 opozing valuationz.

Lets say I hav a gitar for sale on Reverb.com for 100,000$. Nobody will pay that much for any gitar that wuznt played by a famous muzician, but I am not willing to sell it for less bekuz it haz a yir uv work in it and its 1 uv a kind. Really the only way it will sell iz to introdoos a speculativ increasing value. (aside from getting Eric Clapton to take it on tour!)

Quote:
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?

Same point you are making at the beginning. So wut? 6 months?

About your riddle - I giv up.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Saturday, March 24, 2018 7:05 AM

CAPTAINCRUNCH

... stay crunchy...

Quote:
Originally posted by JEWELSTAITEFAN:
Did Facebook stock prices drop when news was reported about CA?
Did that initiate a large Market selloff?
The MSM said that was the cause and effect - do you disagree?

I agree - FB is an ongoing business with an undetermined financial future and nearly 2,000,000,000 users world wide and a market cap of $463 BILLION dollars, as opposed to an ex-president who is sitting at home learning cross stitch.

Quote:
Originally posted by JEWELSTAITEFAN:
Facebook is run by Libtards, are we agreed? So the news that a one-time occurance which supposedly benefitted Trump was unsettling to Snowflakes, right?
The concern could be mitigated with the Libtard view that CA was influenced by Manafort (no longer affiliated by that time), and then done solely to benefit Trump.
So the news that it was not a one-time occurance, going back years, should be ignored by Snowflakes?
If Snowflakes had imagined that fellow Libtard Zuckerwad would protect their interests, this new revelation could be unsettling.
If Snowflakes had imagined that fellow Libtard Bobo would not compromise their interests by obtaining this data, through a Manafort intermediary, this new revelation could be unsettling.
If Snowflakes had imagined that Obama had their best interests at heart, then this new revelation that he knew how the data was obtained and permitted it to continue, thus allowing Trump to use it as well, could be unsettling.

Yep - you nailed it! (omg)

So, it's so unsettling they... sell their stock? Makes no sense - there's no financial driver there.
How many 'snowflakes' do you think there are, btw? Are they the ones who have been propping up the market? Do you think there are any other people investing in and influencing the market who aren't 'snowflakes?' If you think snowflakes hate Trump so much, why did the market continue to climb after Trump was elected?

Quote:
Originally posted by JEWELSTAITEFAN:
The China Tariffs were old news. Even Libtards had heard of it prior to this week.
The Facebook news was new.

Guess you missed China's reaction yesterday even though it was everywhere:

Global markets plunge as China reacts to Trump’s steel tariffs
https://www.theguardian.com/business/2018/mar/23/china-promises-to-hit
-us-with-tariffs-as-stocks-plunge-amid-fear-of-trade-war

China responds after Trump proposes tariffs and claims unfair trade practices

China reacts to Trump's tariffs by vowing to open its markets further

and on and on and on - no mention of Obama's CA relationship from 6 years ago (or was it 10?) causing even a ripple. Perhaps you have some linkys?

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Saturday, March 24, 2018 3:02 PM

And you still haven't answered this question:

Quote:
Originally posted by JEWELSTAITEFAN:
If I tell you that we'll take the entirety of your life savings (or 10% of your life earnings) and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?

It's not a riddle. Just pick one.

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Monday, March 26, 2018 4:07 PM

Dow closed at 24,202 today, a gain of 2.84% for the day. This is 9.1% off the Record All-Time High.

This gain is 2.5% of the Record All-Time High.

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Monday, March 26, 2018 4:24 PM