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Dow drops 831 points yesterday and another 546 points today [Updated 1pm PST 10/11/18]
- Thread starter ReactionShot
- Start date
Trickle down and tax cuts paying for themselves by more taxes paid
For the 401(k), just take a peek once a year or so; you'll keep your sanity for longer. Unless you're close to retirement age, just keep on trucking.
You're arguing for "raised wages" or "more money" without acknowledging that the gains at the top were, both dollar and percentage wise, much much larger.
You're pretending like the extra $15 a week on my paycheck is somehow comparable to the extra million dollars someone will save on their taxes this year.
You're also saying "jobs" and "investing in growth" without acknowledging that, despite all of this growth and additional money to push into growth, wages have remained stagnant.
What I'm saying is: you're doing what all Republicans do...telling half of the story to make things sound objectively better than they actually are. If you're going to pretend to be "fair", at least give it a little more effort. This is all stuff we've seen before, you're literally fooling no one (well maybe a few people, but not most of us).
AR Starts stop bullshitting in this thread. The economy was already strong WITHOUT these tax cuts.
https://investorplace.com/2018/10/fastenal-stock-down-despite-earnings-beat/
> beats expectations
> higher numbers due to Tax Act
> stock still drops
People are really underestimating the investor scare that comes with growth slowing
More proof the Tax Act will cost more than the incredibly short term benefits it will provide but anyone with a brain knew that already.
And boy was I off the mark. Tomorrow's bloodbath will be something else.
> beats expectations
> higher numbers due to Tax Act
> stock still drops
People are really underestimating the investor scare that comes with growth slowing
More proof the Tax Act will cost more than the incredibly short term benefits it will provide but anyone with a brain knew that already.
And boy was I off the mark. Tomorrow's bloodbath will be something else.
He's going after the fed instead. The stock market hasn't been too hot this year in general.
Can't wait for Trump to say "I want to know who Dow Johns is and I want him in here RIGHT NOW! And his friend FED, too. This is a HOAX!"
Yeah, it doesn't quite match February right now, but it's quite worrying.
What caused the volatility in the afternoon today?
Me to.
Warren Buffet more or less used the sp500 index funds for a bet against an investor and won. I am will be gunning for the VOO (vanguard sp 500 EFT).
Crossed the 200-day moving average
Combine with increasing interest rates, high bond yields, and matching drops in Asian and EU markets makes this sort of a confluence of bad signals.
At some point the market gets oversold and snaps back as investors come back in. This would be a very bad time to open new shorts unless you really think we're heading into a recession shortly. There isn't much of a case for that right now.
If the purpose is to "trickle down" to the rest of the economy, why isn't the tax cut held to any sort of requirement? Couldn't the rich just hoard the money? What actually *makes* them invest in the economy again? There are many, many requirements for the poor to receive benefits from the government, such as drug tests, work requirements, weekly check-ins etc but the rich just get tons of free money without any specific clause stating them to actually "trickle down" this money. Doesn't that seem a little fucked to you
What would be signs of an upcoming recession before everyone else catches on?
Time for a little stock chart technical analysis. The 200 day moving average (red line below) has been sliced through and the market closed below it. This is a big deal. During the severe pullback in the first quarter of this year, the S&P 500 consistently refused to close below the 200 day moving average. The markets went below the 200 day moving average during that correction, but it popped right back above it very quickly. The end result of now closing substantially below the 200 day moving average will be to spook Wall Street.
However, the Slow Stochastics and RSI readings are showing oversold conditions, so selling pressure should be getting exhausted, and further declines becomes more statistically improbable, at least the very immediate short term. The market could though go sideways for a few days and cool off these oversold readings, and then begin selling again. With the 200 day moving average being cracked through, that's probably as likely as the market finding support here.
However, the Slow Stochastics and RSI readings are showing oversold conditions, so selling pressure should be getting exhausted, and further declines becomes more statistically improbable, at least the very immediate short term. The market could though go sideways for a few days and cool off these oversold readings, and then begin selling again. With the 200 day moving average being cracked through, that's probably as likely as the market finding support here.
I couldn't help it. Looked at my 401k... *damn* that stings. I know it doesn't really matter too much in the long run, but it still hurts.
This is not the way. You want to make sure you're getting the quarterly gains/losses that are in alignment with the market indices such as the S&P and the Dow 30.
People still believe this shit?
Wage stagnation since 1970 and people still have the gall to say trickle down fucking works. There are so many numbers available to make such a claim the obvious horseshit that it is. Who sold you on the idea, Kukulcan, to be spouting diarhea from your mouth?
I evaluate my 401k each quarter to redistribute my funds across the top performers. I've been averaging 15-20% gain yearly average because of it.
"The market can remain irrational longer than you can remain solvent" - Hyman Minksy
If you're thinking about finding a good time to short the market, look at this quote and then don't. There's a 10% chance you'll hit like the guys from the Big Short and be set for live but market trends can throw off people who have studied them for decades. We eventually will have another recession driven by too much money going into an over-leveraged section of the economy like the 2000 Dotcom bust or the 2008/9 real estate collapse. That could be in two years or six. If you're concerned about this the best option is put some of your savings in safer assets like bonds.
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They aren't pushing the tax cut as an accomplishment hard because they polled it and no one was fooled. No one believes things are better for them because of it. It still a good reminder that the GOP don't know shit about finances beyond their tired trickle down bs.
Very interesting stuff.Time for a little stock chart technical analysis. The 200 day moving average (red line below) has been sliced through and the market closed below it. This is a big deal. During the severe pullback in the first quarter of this year, the S&P 500 consistently refused to close below the 200 day moving average. The markets went below the 200 day moving average during that correction, but it popped right back above it very quickly. The end result of now closing substantially below the 200 day moving average will be to spook Wall Street.
However, the Slow Stochastics and RSI readings are showing oversold conditions, so selling pressure should be getting exhausted, and further declines becomes more statistically improbable, at least the very immediate short term. The market could though go sideways for a few days and cool off these oversold readings, and then begin selling again. With the 200 day moving average being cracked through, that's probably as likely as the market finding support here.
capone360 has a money market type savings with a minimum or Ally for some easy higher percentage savings
Don't worry. Republicans are good at bullshit and the base will eat up anything.
The markets are dropping becuase the democrats will take the house and might take the senate! People are scared!
I'm guessing we'll see something like this.
Sure, these statements make sense. Not every 401(k) has the same options, which is something I perhaps should have mentioned. My company's plan, as well as my previous company, only has/had target date funds. So for me, I just stick it in 2045 and let it ride. But yes, the old company did at one point allow you to choose from various funds, so I could see more regular checking and redistributing.
Most of the 2% savings deals are hsbc (basically a criminal organization and its hard to move money around) or have high minimums.
I'm just gonna wait til my bank raises it themselves.
Why wait? My boss said at lunch today that this is due to companies afraid that Dems might take the Senate. I don't know his politics and don't want to, but that is his opinion on why this drop is happening.