Market down for the year - Russia Tax Cut pointless

L

LV426

Verified User
Since the start of the Russia Tax Cut on 1/2/18, the DJIA is now down for the year.

1/2/18 Closing: 24,824.01
10/24/18 Closing: 24,583.42
Loss: -240.59
Growth: -0.9% TYD

#winning
 
The stock market is not the economy. The stock market has been in a debt fueled bubble. Tell the Fed not to remove the punch bowl if you want the bull run to continue.
 
Even though I have a shit ton of money on my 401K, I still think the market is over-valued today for the most part. I have a few decades before I really start sweating short-term performance though, so whatever.
 
Kacper said:
Even though I have a shit ton of money on my 401K, I still think the market is over-valued today for the most part. I have a few decades before I really start sweating short-term performance though, so whatever.
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The market moved back into positive territory today for the year (which means nothing, anyone who invests long term knows not to follow the day to day gyrations like you said). But I agree with you that it's over valued. As far as 401K's go I just leave mine as is but if I were betting short term I would not be long on this market.
 
now that we know - are you sending in the extra money you got to keep since it was pointless to let you keep your property

:rofl2:
 
cawacko said:
The stock market is not the economy. The stock market has been in a debt fueled bubble. Tell the Fed not to remove the punch bowl if you want the bull run to continue.
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debt fueled bubble, please note when you said that at any point while it was going up during Trump'sd admin, you hack.

Plus it is a measure of the economy, the stock market is the actual cumulative valuation of every publicly traded company.
That's as organic a measure of "the economy" as there is.
 
cawacko said:
The stock market is not the economy. The stock market has been in a debt fueled bubble. Tell the Fed not to remove the punch bowl if you want the bull run to continue.
Click to expand...

Not the economy, but it is a leading economic indicator, and if the Fed's "punch bowl" is as quickly a determining factor as you suggest then that alone shows we are not in a substantially sound economy
 
Micawber said:
debt fueled bubble, please note when you said that at any point while it was going up during Trump'sd admin, you hack.

Plus it is a measure of the economy, the stock market is the actual cumulative valuation of every publicly traded company.
That's as organic a measure of "the economy" as there is.
Click to expand...

Publicly traded companies account for less that 1% of all the companies in this country. Not a good indicator at all.
 
Micawber said:
debt fueled bubble, please note when you said that at any point while it was going up during Trump'sd admin, you hack.

Plus it is a measure of the economy, the stock market is the actual cumulative valuation of every publicly traded company.
That's as organic a measure of "the economy" as there is.
Click to expand...

Elle Oh Elle. I've only been talking about this bubble for three years country club boy. Get yourself a clue "hack".

And take an Econ 101 class if you think the market is a measure of the economy. FFS.
 
archives said:
Not the economy, but it is a leading economic indicator, and if the Fed's "punch bowl" is as quickly a determining factor as you suggest then that alone shows we are not in a substantially sound economy
Click to expand...

No we're not in a functionally sound economy nor have we been. The "hacks" to use Microweber's term get so caught up in the partisan b.s. over who gets "credit" they miss what is actually happening with the economy.
 
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