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Dow drops a historic 3000 points, nearly 13%
- Thread starter Squarehard
- Start date
People like a shit show so it's really hard to say.
Anytime he has a speech or announcement they play it here at work and the offices laughs at him.
Makes me wonder how many of them voted to put him there.
Gonna be honest I'm sick of reading this. I'll retire in about 30 years and who knows what state the world will be in by then if we don't take drastic measures on climate change.
The '87 drop was more constrained to the investing class, so while it still caused a recession, the economic effects were less widespread. In comparison, the great recession reduced home values for nearly everyone and tens of thousands of people suddenly owned houses worth less than their value of their mortgages. The flow of money nearly halted during great recession.
Government and Economics were each half-year required courses my senior year of high school in Florida, 2004-2005.
If that's your stance then you shouldn't be investing at all. Go blow your money in the present.
No one has ever lost money on a diverse portfolio in the market in a 30 year span.
This is a bad thing but i cant help but be happy this is happening during trump's presidency and so close to the election
Dems please use this as ammo. Please no more " they go low, we go high."
Attack attack attack.
Blast it as the "Trump Drop". Best 'deal maker' in history destroys economy. Wow.
Attack attack attack.
Blast it as the "Trump Drop". Best 'deal maker' in history destroys economy. Wow.
And therefore it will never happen. I'm not saying people shouldn't keep investing or that it likely won't keep going up. I'm just annoyed at the blind optimism behind capitalism that things will always look that way. Over the next few decades the world is going to face some serious challenges and I don't think things are as guaranteed as many make out.
Also no that doesn't mean I should just go out and blow all my money. I don't really invest other than the super I have to pay because I live in Australia.
They don't teach it anymore in American High Schools? It was a mandatory semester class that you had to take and pass to graduate, and I think most of us took it by sophomore year, back in the late 90s. They really should have that class as mandatory.
I think we are looking for 10k Dow in a couple of months. This crisis is barely just getting started and already such a big drop.
Three fucking days ago...
It's astounding that at no point in his life has he ever thought "hmm, bragging about this might be a bad idea that'll come back to haunt me one day"
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And Democrats will send a note to supporters that includes a chart showing the Dow Jones as he spoke today, and once he finished speaking.Three fucking days ago...
7 fucking days ago he was saying this was nothing and a hoax.Three fucking days ago...
Thats what happens when you elect fucking clown shoes to lead you instead of someone competent.
Steve Herman on Twitter
““I would counsel patience and calmness” about today’s market drop, says @larry_kudlow. “The fundamentals of the economy are strong.””twitter.com
If only there were a bankrupt reality TV star with a history of rape who could help us out of this trying time.
It was W actually. He would come out completely clueless and unprepared on TV, just like Trump, and say that phrase over and over as simultaneously the market tanked. Just like Trump. I can't believed they came out and said that phrase because it's synonymous with meaning the opposite. We in trouble.
Futures are all slightly up right now, but only very slightly. Could go either way.
It was around this time in 2008 when I set my investments to autopilot and started doing other things instead of looking at them.
Without a doubt.
While I hate Trump, the market crashing only would have been mildly better with a good president. But voters are low information
I took Econ in high school, micro and macro in college.
Never was taught anything about how the Fed can inject money into the economy via short term loans or whatever is happening. The banking system in general didn't come up as often as I would have liked in accounting either since that was more of a finance concept.
So basically I'm not surprised people are getting confused about how "we" can spend trillions on X but not on Y. The concept of the Fed and how it's technically independent is probably niche knowledge for most of the population.
Indeed. I wish the motherfucking Dow would stop existing. Same with all the other stock-markets.
All that stress just because people are greedy as fuck.
Literally nothing he's ever done has come back to haunt him. He's successfully spun all his failures into successes. Why would he stop now?
Same at my public high school in California in '96. Courses were called "Civics" and "Economics."
I mean the polls haven't been updated because we are still in primary, but look to 1932 or 2008 to see what happens.
I didn't quite mean it that way. I feel you, but this is just a macro scale of people supporting companies. Obviously it becomes more complicated, but it is also tied up in a number of people's lives.
My comment was more toward Trump and our corporate overlords.
Ah okay. I can't stand the focus on these stockmarkets and i can't stand its influence on the world. People act like it's a religion. Money being God here. But my hate is completely irrational, i realize that much. Sometimes i think we should should let all the banks and stockmarkets die to show the world it's all a lot of nothing and we can be fine without them. No actual clue how that will end though.
"If things are this bad now, imagine how much worse they would've been under Killary/Obummer!"
Even Hoover got nearly 40%. I think that is probably Trump's minimum but not much more.
