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Originally posted by SIGNYM:
TODAY

Dow -3.5% 25599/-832
Nasdaq -4.1% 7422/-316
S&P -3.3% 2786/-95

But remember, it's not a correction until it loses 20%. That means about 21,000 for the Dow, about 6000 for Nasdaq, and about 2200 for S&P (If I've calculated correctly).

*****

I think the real problem will be that a lot of hedge funds have been based on a near-zero interest rate. However, once that interest rate changes, the whole risk structure wobbles.

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Originally posted by JEWELSTAITEFAN:

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Originally posted by SIGNYM:
TODAY

Dow -3.5% 25599/-832
Nasdaq -4.1% 7422/-316
S&P -3.3% 2786/-95

But remember, it's not a correction until it loses 20%. That means about 21,000 for the Dow, about 6000 for Nasdaq, and about 2200 for S&P (If I've calculated correctly).

*****

I think the real problem will be that a lot of hedge funds have been based on a near-zero interest rate. However, once that interest rate changes, the whole risk structure wobbles.

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A Dow drop of 20% would be 21,462.

2,344 would be 20% drop of S&P 500.

6,487 would be 20% drop of NASDAQ.


Golly, good news is now bad news. Thriving Economy is too good, causing inflation which raises interest rates on that humongous Federal Debt that Obama multiplied.

Too low Unemployment means we have a manpower shortage, not enough people to perform work.

This is horrible. And completely unforeseen. Unlike all of Trump's successes, the Debt explosion really can be honestly blamed on Obama instead of Reagan or LBJ or whoever.

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This is my biggest disappointment with Trump as President. It seems that for the next 2 to 6 years we're largely just going to be keeping up the status quo and lying about how good everything is

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and he's just going to keep the seat warm for the next Democratic administration that's going to put the final nail in the coffin of the American economy.

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Originally posted by SIGNYM:

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This is my biggest disappointment with Trump as President. It seems that for the next 2 to 6 years we're largely just going to be keeping up the status quo and lying about how good everything is

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I suspect that The Fed doesn't like Trump either, and that they're deliberately popping the bubble right before the elections. And of course once you pop a bubble you can't unpop it, it has a course of its own that needs to be followed because it can't be reversed, so if things are going the way I think they're going then it's going to be impossible for Trump to be telling everyone how great things are.

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and he's just going to keep the seat warm for the next Democratic administration that's going to put the final nail in the coffin of the American economy.

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Sorry to say but the problems with the economy are far too large for any one President, even over two terms, to fix. Heck, FDR couldn't fix the Great Depression over two terms (we'll never know what might have happened over three terms because WWII intervened) and I think our current problems are even more severe and intractable simply because we've had status as the world reserve currency since WWII and if we lose that status it's going to be a bigger crisis than the Great Depression. IMHO.

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Originally posted by 6IXSTRINGJACK:

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Originally posted by JEWELSTAITEFAN:

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Originally posted by SIGNYM:
TODAY

Dow -3.5% 25599/-832
Nasdaq -4.1% 7422/-316
S&P -3.3% 2786/-95

But remember, it's not a correction until it loses 20%. That means about 21,000 for the Dow, about 6000 for Nasdaq, and about 2200 for S&P (If I've calculated correctly).

*****

I think the real problem will be that a lot of hedge funds have been based on a near-zero interest rate. However, once that interest rate changes, the whole risk structure wobbles.

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A Dow drop of 20% would be 21,462.

2,344 would be 20% drop of S&P 500.

6,487 would be 20% drop of NASDAQ.


Golly, good news is now bad news. Thriving Economy is too good, causing inflation which raises interest rates on that humongous Federal Debt that Obama multiplied.

Too low Unemployment means we have a manpower shortage, not enough people to perform work.

This is horrible. And completely unforeseen. Unlike all of Trump's successes, the Debt explosion really can be honestly blamed on Obama instead of Reagan or LBJ or whoever.

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To follow up the remark about your partisanship from the other thread...

These numbers are bullshit. If Obama were still president now, and Trump were running for president, and the numbers were exactly as they are now and showing that upward trajectory that the pretty graphs tell us, then Trump would be calling them bullshit. The only thing that has changed is that he is in office now.

This is my biggest disappointment with Trump as President. It seems that for the next 2 to 6 years we're largely just going to be keeping up the status quo and lying about how good everything is, and he's just going to keep the seat warm for the next Democratic administration that's going to put the final nail in the coffin of the American economy.

Hey... I hope he proves me wrong, but so far all of those high numbers and pretty graphs aren't translating at all into a better quality of life or standard of living for the working class.

Meanwhile, although spending less than Obama did, we're still making GWB look downright miserly when it comes to additions to the National Debt.

Do Right, Be Right. :)

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Originally posted by JEWELSTAITEFAN:
Regardless of which direction the Sun comes up in your local neighborhood, runaway spending and exploding Debt is not the path to sustainability and needed to be stopped and reversed. Nobody else was doing it, not Speaker or Senate Leader.
It still needs more, but this is a start.

This is the best hope we've had since GWB, who's original budget proposal had the Debt paid off in 10 years.

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Anything GWB said about money was fantasy land.

Runaway spending under his administration is largely what got the ball rolling here. - SIX

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Originally posted by 1kiki:
"This is the best hope we've had since GWB, who's original budget proposal had the Debt paid off in 10 years."

You forget that dubya funded most of his Iraq and Afghanistan wars off the books and out of the budget via emergency spending requests and private contractors. His budgets looked so good because they were cooked very specifically to not include his actual war spending, or to show increased Defense Department spending.

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