oski003 said:

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DiabloWags said:

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I wonder if Oski would call this a COLLAPSE?

Asking for a friend.

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12% drop YTD. Why are you repeating the same posts 50 times? Are you having a stroke?

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You don't know what's happening or about to happen.

concordtom said:

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oski003 said:

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DiabloWags said:

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I wonder if Oski would call this a COLLAPSE?

Asking for a friend.

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12% drop YTD. Why are you repeating the same posts 50 times? Are you having a stroke?

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You don't know what's happening or about to happen.

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No, I am not omniscient. Thanks for clearing that up. Do you have a time machine I could borrow?

concordtom said:

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Feb 18 2025
S&P500
6,144 close

A 20% decline off that peak would be at level of: 4,915.
That was last seen in Jan 2024.

I think we could easily see that. No problem.
Yesterday's close was 5670, and 10% from peak would be 5529, which is 8% down.

I'm no technical analyst, but the first support is sub 4k. And it's interesting to note that Trumps pre Covid high was around 3350.

WHAT IS THE SIGNAL OR RATIONALE FOR HIGHER ?
I see none. He's going to slow the economy real fast.

I think he thinks he's just skimming off the top, like a commission on all activity, but instead history tells us it's going to dampen speed of M1. GDP down.

Well, it'll be a good case study for the history books.

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Todays S&P500 close of 5074 is just 160 pts off that 20% Bear Market territory.
What's it at on the other indices?

Dow high: 45,073
80% of that high is 36058
Today close: 38314

Nasdaq high: 20,204
80% of that high is 16163
Today close: 15587 = Bear territory.

R2 high: 2466
80% of that high is 1972
Today close: 1827

W5000: 61667
80% of that high is 49333
Today close: 50558

You know it.
You tell the story...

Over the last 5 years the stock market went from 10k to 40k as most americans got poor af.

concordtom said:

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MinotStateBeav said:

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Over the last 5 years the stock market went from 10k to 40k as most americans got poor af.

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So, you're going to support a higher top marginal income tax rate, or Elizabeth Warren's 2% wealth tax?

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Let's worry about having a middle class first and then worry about that. Kind of a cart before the horse problem.

What the heck, NANCY, I did not know!!! It's like Donald Trump watched a bunch of videos of democrats speaking in the 90s and 00s and copied their speeches word for word haha.

MinotStateBeav said:

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concordtom said:

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MinotStateBeav said:

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Over the last 5 years the stock market went from 10k to 40k as most americans got poor af.

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So, you're going to support a higher top marginal income tax rate, or Elizabeth Warren's 2% wealth tax?

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Let's worry about having a middle class first and then worry about that. Kind of a cart before the horse problem.

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Okay, I see what you're saying.
You support tariffs because you want to bring middle income jobs back home, is that it?

Well, here's my take on that and I've been saying it for years:

Everything is now global and transportable. Raw materials, manufactured parts, finished products, capital, and jobs.

This whole Make America Great Again is horsehit because it's rooted in a world that was very different.

The big problem I see is that USA income earners must compete with rest of world, and we simply are not well prepared to do that when rest of world is willing to exchange their time and energy of labor for fractions of what we do.

We have jacked up minimum wage laws that disallow competition.
We have cost of living that makes it impossible to earn that little.

So, really I think, the only way to MAGA is to compete at all ends of the market and win. We have world class education and other voy tries send their young to our universities (though they are catching up), so I think we should continue to be able to innovate well. But on the unskilled front, people expect (and need) too much yo compete. Cost of housing, cars, insurance. Expectations of goods in the home, we would never stand for the low wages earned elsewhere. We riot before that happens.


So, where's the solution? Can America be Great Again?
It's questionable.
And no politician is ever going to be elected on that.

My quip about shaving the concentration of wealth at the top is a start. Nations do better when there's greater equality among its citizens.

Please look up GINI coefficient, GPI (Genuine Progress Indicator) and happiness correlations.

You'll find… what I said: nations do better when…
But that doesn't necessarily make USA outperform on the labor side.

DiabloWags said:

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Its too bad Greg doesnt bother to actually do a simple background check to see if the people posting here attended CAL.

If Magazines can do a check these days to verify if youre a student for a subscription discount, Greg should be able to perform this as well.

The handful of knuckleheads here that repeatedly post their lies and distortions SMEAR our degrees.

They are not interested in genuinely engaging in a discussion of exchanging a variety of views, opinions, and facts.

Its pretty clear.

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Can we also get people out of here that quote the daily beast as a reputable source, insult folks, cry, brag about their wealth, and constantly repeat the same posts over and over again in different subjects? Should baby tantrums be allowed?

Eastern Oregon Bear said:

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MinotStateBeav said:

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Over the last 5 years the stock market went from 10k to 40k as most americans got poor af.

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The Dow Jones hasn't been at 10K since 2010.

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Ok it went from 20k to 40k. Feel better

Our Treasury Secretary BLAMES the Market Crash on "Deep Seek" and not the Trump Tariffs.

Ummmm.... Deep Seek was announced in January.
The market still rallied and made new highs on February 19th.

Duh.

WTH? Bessent tries to blame market sell-off on DeepSeek versus Trump's tariffs

DiabloWags said:

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bear2034 said:

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DiabloWags said:

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NEARLY $5 TRILLION DOLLARS GONE FROM THE S&P

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Short the markets if you think this trend stays. I bet you won't.

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This post didn't age very well.
lol

MAGA !!!

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I own some spxs as a hedge.
Up 17.93% yesterday.

Unfortunately, I don't own enough of it.

DiabloWags said:

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The handful of knuckleheads here that repeatedly post their lies and distortions SMEAR our degrees.

They are not interested in genuinely engaging in a discussion of exchanging a variety of views, opinions, and facts.

Its pretty clear.

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If they are interested in defending Trumpism in a rational way, I suggest they head over to my International Trade Review thread and try to defend his tariffs with matching argumentation - not blather.

I realize that thread will die quickly, but it was at least useful to me to sort through things in my head.

MORE MAGA!!!

Stock Market is going down but Trumps approval rating keeps going up. Might be people like falling oil prices and shrinking inflation.

Thank You President Trump!

I CANT BELIEVE PEOPLE VOTED FOR THEIR WEALTH TO BE DESTROYED.

MAGA FOR MORONS!!!

'Falling prices at the pump may be seen as a win for Trump, but experts have warned that lower prices are not necessarily a good thing. Patrick De Haan, head of petroleum analysis at GasBuddy.com, said that lower gas prices "comes with strong warning signs." He added: "when the economy slows, gasoline demand drops."'

EDIT:
Didn't mean to use an emoji in my reply, but whatever.

This is fine

Fresh quote for all of the MAGA MORONS at 4:35 pm PST

CANT BLAME THIS ON SLEEPY JOE.

chazzed said:

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'Falling prices at the pump may be seen as a win for Trump, but experts have warned that lower prices are not necessarily a good thing. Patrick De Haan, head of petroleum analysis at GasBuddy.com, said that lower gas prices "comes with strong warning signs." He added: "when the economy slows, gasoline demand drops."

EDIT:
Didn't mean to use an emoji in my reply, but whatever.

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The Oil & Gas Industry that supported the Orange Crap Stain is having MEGA BUYERS REMORSE.

They've now watched 25% tariffs on steel and aluminum drive up the cost of drilling and pipelines, and all of those cuts to the BLM and FERC is gonna slow down the permitting process.

Never mind that OPEC has tripled its recent monthly supply increase as they seek to drive out the frackers in the Permian Basis who have an average cost of $62 for a new well. OPEC is a master when it comes to increasing market share by driving out marginal players.

GO TRUMP GO!

Breakeven prices for U.S. oil producers 2024 | Statista

U.S. Stocks have lost $11.9 Trillion since the marmet peak in February and $7.6 Trillion since the Election last November.

More Trillions to come tomorrow.

MAGA FOR MORONS!

pic.twitter.com/ialwIhhIvI

— litquidity (@litcapital) April 7, 2025

Stock market opens in 10 hrs and let's see….
Yep, as predicted. Futures Down another 2.88%

Whoopie!!!