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Thread: The Dow was at 34,715.39 on on 1/20/21

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    Default The Dow was at 34,715.39 on on 1/20/21

    Now it sits at 29,370.78, is it any wonder the whole country looks like Detroit with Biden in charge?
    Dutch Uncle finally admits he is a steaming pile of chickenshit!

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    Quote Originally Posted by Stringfellow Hawk View Post
    Now it sits at 29,370.78, is it any wonder the whole country looks like Detroit with Biden in charge?


    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-histo...arkets-4582652
    "Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center,

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    What is the market performance YTD 2022?
    Global Stock Market Indexes
    Date YTD
    DOW 09/23/2022 -18.57%

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    Start date: 12/31/2021
    DIA YTD return: -17.37%

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    and its got a long way yet to go down.

    corrections have been curtailed by QE which is why this correction is going to be far more dramatic.

    buckle up kids, you were warned.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    and its got a long way yet to go down.

    corrections have been curtailed by QE which is why this correction is going to be far more dramatic.

    buckle up kids, you were warned.
    Dow is projected to drop below 20,000.

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    Quote Originally Posted by Phantasmal View Post


    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-histo...arkets-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.

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    Quote Originally Posted by Stringfellow Hawk View Post
    Now it sits at 29,370.78, is it any wonder the whole country looks like Detroit with Biden in charge?
    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/stoc...021-2021-01-20


    The DOW IS down since Biden took over.
    But not by as much as you are saying.


    Once again, I despise both parties.

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    Quote Originally Posted by goat View Post
    Dow is projected to drop below 20,000.
    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.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Stringfellow Hawk View Post
    Now it sits at 29,370.78, is it any wonder the whole country looks like Detroit with Biden in charge?
    We all know how "stable" the dow was under Trump. Do you really believe the Dow performed when Trump destroyed the economy

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    Quote Originally Posted by McRocket View Post
    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.
    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.
    "Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center,

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    Quote Originally Posted by Celticguy View Post
    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.
    Corporate bailouts come automatically now. CEOs no longer have to go to congress and ask for them. Thank Obama for that.

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    Quote Originally Posted by goat View Post
    Corporate bailouts come automatically now. CEOs no longer have to go to congress and ask for them. Thank Obama for that.

    I think you will find that Biden has bled that gravy train dry.
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Phantasmal View Post
    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.
    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.

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    Quote Originally Posted by McRocket View Post
    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.
    "Unvaccinated people are potential variant factories," Dr. William Schaffner, a professor in the Division of Infectious Diseases at Vanderbilt University Medical Center,

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