General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRecession fears arise again. The yield curve is inverting. The Dow is tanking
https://www.google.com/search?q=dow+live&oq=dow+live&aqs=chrome..69i57j69i65j0l4.3471j1j7&sourceid=chrome&ie=UTF-8Stare Decisis
(229 posts)Please don't panic.
smirkymonkey
(63,221 posts)less likely to be re-elected in 2020. His policies are finally taking root and the economy is reacting.
onenote
(42,782 posts)In other words, the market has given back its gains from the past two weeks. It's still around 2000 points higher than it was at the end of last year (less than 3 months ago).
If I had a nickel for every time someone on DU declares the market is crashing and we're about to be in a recession, I could buy a lot of stock.
DemocratSinceBirth
(99,716 posts)onenote
(42,782 posts)I'm not sure how significant it is that the market was lower on December 31 2018 than on January 2, 2018 when, within weeks after December 31, 2018 it had recovered and was ahead of January 2, 2018.
Picking artificial time periods (one week, one month, one year etc) for comparisons is what people do, but it really doesn't make that much sense if one is in the market for the long haul.
DemocratSinceBirth
(99,716 posts)And are not arbitrary measures, i.e. those made up on the fly, the least accurate of measures? I never intended to provide a five year, ten year, or one hundred year forecast. I just made a forecast using oft used metrics like measuring the market on an annual basis.
onenote
(42,782 posts)For example, it probably was more meaningful that the last week of 2018 the market was on an upward trend, gaining nearly 1500 points, than the fact that it was down when one looked back to the beginning of the year. Indeed, if a year had 13 months instead of 12, then the market would have been up for the "year".
Year-to-date measurements also are often used as a convenient way of describing the market, but they can be misleading too.
DemocratSinceBirth
(99,716 posts)I am pretty confident in predicting the economy is slowing and will continue to slow throughout this year and next. The only question in my mind is by how much. It is more likely than not Trump will be running for re-election in an an economic climate that is the same or slower than the one he bequeathed that he relentlessly ridiculed.
Wellstone ruled
(34,661 posts)Trump selecting Moore. Moore is a total crack pot and not even a Economist. Just a Talking Head from the Koch Industries Stable of Liberterian's .
elleng
(131,202 posts)I'd be HAPPY to accept the markets are rational!
elleng
(131,202 posts)S&P
-1.70%
Dow
-1.59%
Nasdaq
-2.08%
Wellstone ruled
(34,661 posts)for trading. (28 th) and every day after is gravy. This Moore pick has the Traders and Hedges scared shitless.
This sucker is a total supply sider and believes printing money is the answer to Tax give aways.
Johnny2X2X
(19,193 posts)The Fed quietly said in the last week that they are forecasting growth down and expect unemployment to rise the rest of the year.