Stringfellow Hawk
Member
Now it sits at 29,370.78, is it any wonder the whole country looks like Detroit with Biden in charge?
The Dow was at 34,715.39 on on 1/20/21
- Thread starter Stringfellow Hawk
- Start date
How many fluctuations has the stock market had during your lifetime? Did you freak out every time it occurred?
“The most recent bear market, which began on March 11, 2020, was triggered by the COVID pandemic. The Dow Jones Average fell from nearly 30,000 to under 19,000 but rebounded after barely a month as traders looked forward to an economic rebound.”
https://www.investopedia.com/a-history-of-bear-markets-4582652
Dow is projected to drop below 20,000.
How many fluctuations has the stock market had during your lifetime? Did you freak out every time it occurred?
“The most recent bear market, which began on March 11, 2020, was triggered by the COVID pandemic. The Dow Jones Average fell from nearly 30,000 to under 19,000 but rebounded after barely a month as traders looked forward to an economic rebound.”
https://www.investopedia.com/a-history-of-bear-markets-4582652
Strawman argument.
Do you believe the DOW being lower over the last 20 months is negative for the US economy?
Yes or no, please?
https://www.cnbc.com/quotes/.DJI
Once again, I despise both parties.
Ummm...I am not sure where you are getting your data from.
The DOW closed at 30,930.52 on January 20, 2021.
https://www.nasdaq.com/articles/stock-market-news-for-jan-20-2021-2021-01-20
The DOW IS down since Biden took over.
But not by as much as you are saying.
Once again, I despise both parties.
yup.
kinda tells you just how overjuiced the economy had become.
but the income disparity people ought to be taking delight, rich people wont be as rich as they used to be and in excess of how much poorer poor people are by comparison.
floridafan
Verified User
We all know how "stable" the dow was under Trump. Do you really believe the Dow performed when Trump destroyed the economy
I believe this is a long overdue adjustments to an inflated market due to stock buy backs and artificially low interest rates. We have been preparing for this downturn. It’s s rough time for the economy, no matter what stocks are doing.
Corporate bailouts come automatically now. CEOs no longer have to go to congress and ask for them. Thank Obama for that.
Another...strawman argument.
Again...simple, 'yes or no' question.
Do you believe the DOW being lower over the last 20 months is negative for the US economy?
Yes or no, please?
If you cannot answer this INCREDIBLY, simple question?
I will just have to assume that you do not have even a basic, understanding of macroeconomics.
I’ll answers as I please, thank you.
That's contributing to the big push for WW3. Until now, world war has been good for the US economy.
And I/others will judge you accordingly.
And it is pretty obvious - based on your posts in this thread - that you do not understand macroeconomics.
So noted.
We are done here.
Have a nice day.
Really?
And what part of a 'depression' or 'record deflation' do you consider is good for an economy?
https://en.wikipedia.org/wiki/Depression_of_1920–1921
'The recession of 1920–1921 was characterized by extreme deflation, the largest one-year percentage decline in around 140 years of data.'
https://en.wikipedia.org/wiki/Depression_of_1920–1921#Overview
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