As of this writing, the DJIA is down another 350 points at 11AM Monday. That’s a lot of losses over 7 days. True, nobody knows where the Market goes from here, but it hardly seems optimistic as more and more investment houses see gloomy prospects. The Trump economic plan (if ever there was one) is falling apart. Trade imbalances, especially with China are at record highs. Manufacturing is clearly not coming back and the sector has remained level for the past eight years. No upturn is projected. Tax cuts added approximately $800 annually or about $70 a month to paychecks for a family of four. If the DJIA slides below 24,000, fasten your seatbelts.
https://newspunch.com/ron-paul-fed-economy-trump/ "The Federal Reserve is hell-bent on tanking the economy in order damage President Donald Trump and turn the people against him, according to former Rep. Ron Paul (R-TX).' “The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Explaining that the collapse will occur in the next 12-18 months, Paul warned that the unaccountable Federal Reserve is so powerful even the President won’t be able to stop the crisis." This, from 20 months ago. And just FTR, Paul has been pretty critical of Trump.
here I will help you connect the dots what happened about the same time the market started to decline? does the last election and who took over the house ring a bell? market investors when they invest in the stock market they are making a bet on what they believe the market will be doing in the future and because anti-business tax and regulate dems took over the house they know their policies and agenda will slam the breaks on the economy
Lmfao. Excuse me, but the stock market has been sputtering for about a year now, honey. And strangely... all of the volatility seems to enter the picture right around the time of the announcements dealing with tariffs and the lack of trade deals. So weird!
...the Feds....the Democrats...Ocasio-Cortez.... insert any other Trump fan boogeyman. Of course, Trump and his policies have nothing to do with it, even though the tax cuts are only 1 year old and he had full control of government for two years. Has anyone noticed how conspicuously silent Trump has been on the stock market this year, after boasting each time in the year before when the market had a big jump? Of course we all know, he never likes to take responsibility for anything. In any case, the sugar high of tax cuts burning itself out very quickly and followed by hypoglycemia has been predicted. Nobody on Trump's side wanted to listen..
For almost eight years the Federal Reserve propped up Obama's phoney economy by keeping interest rates artificially low and printed trillions of dollars with nothing to back it up with. Who profited ? Those who owned gold and of course Americans who already owned guns saw the value of their guns skyrocketed but the later had more to do with Obama's policies of being the best gun salesman in America's history for eight years. When the dollar looses value the value of gold increases. It takes more dollars to buy gold. Gold is always easy to buy but not so easy to sell. Gold should be legal tender. Gold Prices - Historical Annual Data Year Average Closing Price Year Open Year High Year Low Year Close Annual % Change 2018 $1,269.77 $1,312.80 $1,360.25 $1,176.70 $1,241.20 -4.27% 2017 $1,260.39 $1,162.00 $1,351.20 $1,162.00 $1,296.50 12.57% 2016 $1,251.92 $1,075.20 $1,372.60 $1,073.60 $1,151.70 8.63% 2015 $1,158.86 $1,184.25 $1,298.00 $1,049.60 $1,060.20 -11.59% 2014 $1,266.06 $1,219.75 $1,379.00 $1,144.50 $1,199.25 -0.19% 2013 $1,409.51 $1,681.50 $1,692.50 $1,192.75 $1,201.50 -27.79% 2012 $1,668.86 $1,590.00 $1,790.00 $1,537.50 $1,664.00 5.68% 2011 $1,573.16 $1,405.50 $1,896.50 $1,316.00 $1,574.50 11.65% 2010 $1,226.66 $1,113.00 $1,426.00 $1,052.25 $1,410.25 27.74% 2009 $973.66 $869.75 $1,218.25 $813.00 $1,104.00 27.63% 2008 $872.37 $840.75 $1,023.50 $692.50 $865.00 3.41% 2007 $696.43 $640.75 $841.75 $608.30 $836.50 31.59% 2006 $604.34 $520.75 $725.75 $520.75 $635.70 23.92% 2005 $444.99 $426.80 $537.50 $411.50 $513.00 17.12% 2004 $409.53 $415.20 $455.75 $373.50 $438.00 4.97% 2003 $363.83 $342.20 $417.25 $319.75 $417.25 21.74% 2002 $310.08 $278.10 $348.50 $277.80 $342.75 23.96% 2001 $271.19 $272.80 $292.85 $256.70 $276.50 1.41% 2000 $279.29 $282.05 $316.60 $263.80 $272.65 -6.26% 1999 $278.86 $288.25 $326.25 $252.90 $290.85 1.18% 1998 $294.12 $287.70 $314.60 $273.40 $287.45 -0.61% 1997 $331.00 $367.80 $367.80 $283.05 $289.20 -21.74% 1996 $387.73 $387.10 $416.25 $368.30 $369.55 -4.43% 1995 $384.07 $381.40 $396.95 $372.45 $386.70 1.10% 1994 $384.16 $395.00 $397.50 $370.25 $382.50 -2.09% 1993 $360.05 $329.40 $406.70 $326.50 $390.65 17.35% 1992 $343.87 $351.20 $359.30 $330.20 $332.90 -5.80% 1991 $362.34 $392.50 $403.70 $343.50 $353.40 -9.62% 1990 $383.73 $401.65 $421.40 $346.75 $391.00 -2.49% 1989 $381.27 $413.60 $417.15 $358.10 $401.00 -2.23% 1988 $436.78 $484.10 $485.30 $389.05 $410.15 -15.69% 1987 $446.84 $402.40 $502.75 $392.60 $486.50 24.46% 1986 $368.20 $327.10 $442.75 $326.00 $390.90 19.54% 1985 $317.42 $306.25 $339.30 $285.00 $327.00 5.83% 1984 $360.65 $384.00 $406.85 $303.25 $309.00 -19.00% 1983 $423.71 $452.75 $511.50 $374.75 $381.50 -14.84% 1982 $376.11 $399.00 $488.50 $297.00 $448.00 12.00% 1981 $459.16 $592.00 $599.25 $391.75 $400.00 -32.15% 1980 $614.75 $559.00 $843.00 $474.00 $589.50 12.50% 1979 $307.01 $227.15 $524.00 $216.55 $524.00 133.41% 1978 $193.57 $168.60 $243.65 $166.30 $224.50 35.57% 1977 $147.84 $136.10 $168.15 $129.40 $165.60 23.08% 1976 $124.80 $140.35 $140.35 $103.05 $134.55 -4.06% 1975 $160.87 $185.00 $186.25 $128.75 $140.25 -25.20% 1974 $158.76 $114.75 $197.50 $114.75 $187.50 67.04% 1973 $97.12 $64.99 $127.00 $64.10 $112.25 73.49% 1972 $58.17 $43.73 $70.00 $43.73 $64.70 48.74% 1971 $40.80 $37.33 $43.90 $37.33 $43.50 16.37% 1970 $35.96 $35.13 $39.19 $34.78 $37.38 6.16% 1969 $41.10 $41.80 $43.75 $35.00 $35.21
Just mention "fed" (like have the dogs been fed) and Paul will run and hide under the bed. Rand (as in Ayn Rand) has bought everything the old man told him about the evils of going off the gold standard. Oh my, oh my, whatever happened to John Gault?
You're not doing much of a job. But you are walking the right wing talk radio talking points. Not one of you can point to a single change in US economic or fiscal policy between 2006 and 2008 that would have triggered a financial collapse. So, since no "agendas" were enacted, and no policies changed, your connect the dots, don't connect. But we can point to specific moves that the Bush Administration took that drove the speculative boom and made things far worse very quickly in the Spring and Summer of 2008.
Uh, your own chart discredits your argument! If you had bought gold at the height of the hysteria, when every other ad on right wing talk radio was for gold coins, jewelry brokers and gold investors, you would have lost, or at best broken even (which means you lost money when you consider the time value of money). You would have been far better off putting your cash in a passbook savings account!
and how long has the media been spewing about the blue wave? like I said investors make bets whats going to happen in the future and the future showed an inevitable house take over by the Dems months before the election
yes we have and so did Bush warning about the housing bubble caused by the Government forcing banks to make sub prime mortgages which way to many went into default
So in January 2018, right after the tax cuts, the market already knew that there would be a blue wave in November? That's funny, because if the people would have been that happy with the tax cuts and the economy, wouldn't there have been a blue wave in November? You are just too funny with your rationalizations. According to your theory, the economy and the stock market can only grow if Republicans control all branches of government. How often has that been the case?
But but but I bought all of my Krugerrands during the 1970's. Two ways to use gold, as an insurance policy when the **** hits the fan. If as an investment, you have to know when to buy and when to sell.
HAHAHAHAHA! Trump owns this.....the FED is merely trying to stretch/level out the next recession given the GOP's inability to balance the economic books while filling up the pockets of the rich.
Well, anyone who had been paying attention would have known by November 10, 2016, that anything trump puts his hand to would quickly turn into a corrupt cluster ****, and he has been proving them right ever since, so it's more likely that the market has been souring since then. Obama left trump a strong and growing economy and he is diligently turning into another one of his bankruptcy scenarios.
Whilst talking about gold https://en.wikipedia.org/wiki/Sale_of_UK_gold_reserves,_1999–2002 That time the Labour government "stole" the UK gold reserves and sold it their mates at discount rates just before it increased in value by a factor of 10. . DNC would have be proud of the blatant **** you daylight robbery.
My view is that attempting to pick the market is a mug's game - not least because sentiment is such a major factor in market movements. IMO significant movements are rationalised post-hoc as being predictable but, again IMO, the rationalisation is always post-hoc. The markets could be just about to shoot off up again after a period of consolidation, they could drop like a rock or they could stay more or less where they are. The kinds of companies which make it into the major indices like the DOW (or FTSE100) tend to have a global rather than national focus in any case so any President's influence will be marginal.
So you really want us to believe that you had the smarts to buy gold in 1970, when it was at an all-time low and then held it until now? If you knew so much about when to buy and sell, why didn't you sell at the peak in the early 80s and then buy again in 2000? But, here is another one: Let's say you had put the $200 you used to buy a Krugerrand in 1970 into Vanguard Wellington, it would be roughly $18,000 now (assuming it was in a tax-deferred account) instead of $1,250. So, yeah, some smart losing money I'd say. As far as gold as insurance when the sh^t hits the fan, remember the famous saying: You can't eat gold.
many issues right now, gonna be a bumpy ride foreign outsourcing at record high foreign imports at record high baby boomers starting to retire in record numbers the Bush wars still raising debt to record numbers Trump mega tax cuts for the corps debt at all time record highs under Trump millennials strapped with college loans