SP 500 drops 1%
Coinstartled
Posts: 10,135 ✭✭✭✭✭
And the news makes headlines. Can we say complacency?
1
Coinstartled
Posts: 10,135 ✭✭✭✭✭
Comments
pre-game jitters. TVIX even noticed.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It can't keep going up every day. At some point, money is going to be taken off the table.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
And all my doubts and fears......
Kept me wondering........
But baby it ain't over 'til it's over, over.
Another 50 days like this and it will be back to where the gold bugs promised us doom.
Knowledge is the enemy of fear
Heh, perhaps the pump is over.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
End of month
And
Big earnings week
And
Market up a lot
Mild profit taking.
If earnings hit, we keep going up.
Agreed. If earning hit 25%+ yoy gains then we will keep going up because that's what priced in.
If expectations can be pushed down to realistic numbers numbers, around 10% yoy gains, then they may keep it running for awhile too.
Yawn.....oh nevermind probably just more fake news lol
WASHINGTON — Treasury Secretary Steven Mnuchin urged Congress on Tuesday to raise the federal government’s statutory borrowing limit and said Washington must soon grapple with the mounting federal debt, just as lawmakers are embarking on a significant spending spree.
Annual deficits are creeping up to $1 trillion a year and the national debt has topped $20 trillion. On Monday, Treasury said that the United States will need to borrow $441 billion in privately-held debt this quarter, the largest sum since 2010 when the economy was emerging from the worst downturn since the Great Depression.
Yet the need to deal with the federal debt seems to have taken a back seat to other priorities, including the $1.5 trillion tax cut increased defense and domestic spending, and an expected infrastructure request from President Trump.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Big market dip yesterday.... today all is 'green'.... so far anyway. Gold is holding and silver on a slight rise... Cheers, RickO
How many 'crats would be happy if the market dropped 40-50% just to put stink on the president thereby hurting every working American that has money in 'America' in their 401k?
Kinda sounds like gold bug mentality.
Knowledge is the enemy of fear
Less then 50% of Americans have any money in the markets including 401K's . I wonder if even 10% have PM exposure
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Less than 50% of Americans have any money.
https://www.fool.com/investing/2017/10/01/why-half-of-americans-cant-come-up-with-400-in-an.aspx
A news segment touting the recent one time $1,000 bonuses for some American workers stated 57% of American households don't have $1,000 liquid cash available to them.
57 freakin' percent of Americans don't have a grand avaiable! That is amazing in the prosperous year 2018.
Cost of living continues to rise relative to wages and bonuses, if they are given. Credit sustains many families, like the government, in 2018.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Probably about the same amount of Rhinos who were wishing the same during Obama's first year in office. (By the way, the markets performed better in Obamas first year then they did during Trump's). But that's all just political noise. The debt continues onward and upward. You can have all the paper wealth your heart desires, I'll stick with PMs.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Bingo.
Considering 23% of Americans are under the age of 18, I dont think its that astonishing.
Knowledge is the enemy of fear
That's 57% of American households, not 57% of Americans. Whether or not we're astonished it doesn't bode well for social stability.
The quoted stat seems to be a bit misleading. I don't think I have 1000 in a savings account. Checking account sure. Money market sure. Brokerage sure. Savings...no.
https://www.cnbc.com/2017/09/13/how-much-americans-at-have-in-their-savings-accounts.html
Knowledge is the enemy of fear
Hoping it keeps coming down. Went to 60% cash in my non-taxable accounts Monday morning. Would like to see a nice healthy 5-10% pullback.
The quoted stat (not cnbc) was not limited to savings accounts which many people don't possess. It was: 57% of the households in America do not have $1,000 in total liquid assets. Which should come as no surprise since the bottom 3 quintiles have been losing income and wealth for several decades. Half of America is essentially broke but our news media fails to address them at most every turn.
A lot of that has to do with our current culture, which places more emphasis on consumption than saving. A lot of people believe it is much more important to have the newest Apple product than $1,000 in savings or $1,000 in Apple stock.
Guess it’s a call day
Best place to buy !
Bronze Associate member
@ChrisRx said the markets did better during Obama’s first year in office then Trumps. Can you give the numbers to back that or the % of growth or total dollars. I understand O got the recession bump but did not think that was the case.
We like stats please
Best place to buy !
Bronze Associate member
Those types of snapshots just to affix blame or praise to some nimrod who just happened to be standing in the spotlight while others do things don't serve a purpose.
Every politician gets blamed for every bad thing that happens while they are in office and tries to take credit for the good things. Generally speaking they don't have anything to do with either. They are all thieves and criminals or they wouldn't have run for office in the first place.
Gold down 1%
Oh
Dow down 2%
A correction would be very healthy for the market.
Worst week in two years
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I was thinking of doing a little rebalancing in my IRA this week and didn't get around to it. Right now its 100% in the Fidelity blue chip growth fund . Its been a powerhouse for the past year but I'm getting nervous that its going to stall out soon.
go amzn....& vxx
*47
Goodbye Yellen put this week,
Hello Powell put next week.
I'm the one who said that not ChrisRX:
https://www.nytimes.com/interactive/2018/01/05/business/trump-first-year.html
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Run the numbers from the date Trump won the election.
Herbert Hoover was not so great, followed by the obvious, Dubya.
We like Ike, trump, not so much.
I thought the market last year was because of the previous administration... So why does the previous administration get credit for their first year?
The Dow's 31% gain during Trump's first year is the best since FDR
Fred Imbert | @foimbert
Published 3:05 PM ET Thu, 18 Jan 2018 Updated 7:04 PM ET Thu, 18 Jan 2018
CNBC.com
Best place to buy !
Bronze Associate member
Percentages are a funny thing.
My Ebay Store
sure FDR was great but how many twitter followers did he have?
Yahoo has historical data
The markets preformed better the first year from the day Obama was elected then the same period for Trump. Regardless before of their first years were good stockmarket wise
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I thought we were talking about the SP500 which is a much better representation of the "market" (and the title of this thread). The Dow30 is all fluff, when a stock is lagging they just remove it and insert another one that can pump the average..
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
It’s all fluff I don’t care much about competing stats If it’s not in my pocket it’s not mine.
Best place to buy !
Bronze Associate member
Can't argue with that.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
.
Knowledge is the enemy of fear
The stock market surge since Trumps election has nothing to do with Trump.
It has to do with the fact that Texas is recruiting so well in football.
Here's a warning parable for coin collectors...
but doesn't the fact that on the NFL level the cowboys suck so relentlessly cancel that out?
If you want to see the stock market respond positively to texas football , make Jerry Jones disappear
Seems one of the drivers of yesterday's selloff was the ballyhooed 2.9% wage growth stoking fears of inflation and faster Fed rate increases.
A closer look reveals average weekly earnings actually dropped from Dec. '17 to Jan. '18 and yoy actual earnings growth were right back at 2.6% after backing out the average hourly workweek "miss" of 34.5 hours expected versus 34.3 hours actual hours worked.
Next month with reveal more but for now the prospect of significant inflation >2% or a faster pace of Fed rate increases appears largely founded.
bls.gov/news.release