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Last post 5 years ago by delta1. 19 replies replies.
What happened to the great economy under Trump?
Speyside Offline
#1 Posted:
Joined: 03-16-2015
Posts: 13,106
The DOW is down 6% for the year.
delta1 Offline
#2 Posted:
Joined: 11-23-2011
Posts: 28,754
he still has about 18 months to get it right, before it'll be an issue...

notice the cons aren't saying anything now...but there was a lot of crowing going on about the economy during the early months of this year...even I was optimistic about its trajectory...

then he thought the tariffs and trade wars would make the economy even better...
deadeyedick Offline
#3 Posted:
Joined: 03-13-2003
Posts: 16,957
Speyside wrote:
The DOW is down 6% for the year.


Econ 101, the DOW is not the economy. Never has been.
Krazeehorse Offline
#4 Posted:
Joined: 04-09-2010
Posts: 1,958
Things are booming here in the rust belt. Our business is good. Fuel is lower than it has been for a long time. People are working and spending money.
Mrs. dpnewell Offline
#5 Posted:
Joined: 08-23-2014
Posts: 1,373
The Dow may be down, but everywhere I look here in South Jersey, there are "help wanted" and "we are now hiring" signs, even though the "holiday shopping season" is over.

David
delta1 Offline
#6 Posted:
Joined: 11-23-2011
Posts: 28,754
DED is right, and has consistently said the DJ stock market number does NOT equate to the US economy...

but the media and many analysts seem to use it as a barometer/thermometer to measure the health of our economy...prolly because it's something familiar that people talk about when discussing business/finance and use when seeing if their investments are OK...in my high school social studies class, the stock market was used as a measurement of the economy and one of our projects then was to pick a company and follow it in the DJI for a few weeks...

it has also become a political measuring stick, depending on who's in office and how the numbers look...Obama got no credit from con media as the DJ steadily increased on his watch...then Trump got credit from them for all-time highs and continuing the upwards trend...

but unemployment is at an all-time low, and the MSM gave Obama credit for reductions in that rate, but have been less effusive in giving Trump credit for his reductions...

like a sports coach, he gets too much credit for success, and too much blame when things go sour...
Speyside Offline
#7 Posted:
Joined: 03-16-2015
Posts: 13,106
The DOW is a precursor of the economy. When the DOW is consistently rising businesses spend. When the DOW is consistently diving businesses go into survival mode. ****, you truely believe the DOW has no effect on the economy when there is a long term pattern? Monitors, I **** out Deadeyes name for you. When taken in context it is a name. Why do you seem to be unable to understand that?
Abrignac Offline
#8 Posted:
Joined: 02-24-2012
Posts: 17,217
One should absolutely never judge the economy by the Dow. There is little about that is rational. Companies are rarely worth what they trade for. The Dow is 100% speculation. Much better market indicators include unemployment and underemployment ratios. Also, the consumer and business confidence ratings are very important. There’s more, but I’m to tired to list them.

Happy New Year’s everyone!
ZRX1200 Offline
#9 Posted:
Joined: 07-08-2007
Posts: 60,476
How high is Amazons stock?

And what dividens are they paying?
delta1 Offline
#10 Posted:
Joined: 11-23-2011
Posts: 28,754
one of the few that did well this year...nearly doubled it's price in 2018, closing the year at $1,501.07...paid $3.27 in 1st Q, $5.07 in 2nd Q and $5.75 in 3rd Q...


Moral of the story for 2018's economy?

...if you ran away from Trump, you did well...

if you stayed with him, like the farmers and GE and GM, you took it in the shorts...
Abrignac Offline
#11 Posted:
Joined: 02-24-2012
Posts: 17,217
Meh

I did extremely well this year. But, unlike the invest it, close your eyes and hope crowd; I actively manage my own brokerage accounts. I flipped my entire profolio a least a half dozen times this year. It cost me a whopping $0.00 in brokerage fees to do so.

My portfolio is too important to me to hope & pray.
MACS Offline
#12 Posted:
Joined: 02-26-2004
Posts: 79,593
I did great... but I got promoted twice, so there's that.
delta1 Offline
#13 Posted:
Joined: 11-23-2011
Posts: 28,754
Applause Applause Applause

that's the best way to stay above the market, especially with a CalPERS retirement...

ThumpUp



makes investment more a hobby than a preoccupation
MACS Offline
#14 Posted:
Joined: 02-26-2004
Posts: 79,593
I dunno... I'd like to have a nice nest egg in case CalPers goes tits up.
delta1 Offline
#15 Posted:
Joined: 11-23-2011
Posts: 28,754
they're almost like JP Morgan, BofA, and Citi...too big to fail...if they go tits up, your nest egg will be squashed...
MACS Offline
#16 Posted:
Joined: 02-26-2004
Posts: 79,593
delta1 wrote:
they're almost like JP Morgan, BofA, and Citi...too big to fail...if they go tits up, your nest egg will be squashed...


Not my deferred comp nest egg. That money is mine, mofo.
delta1 Offline
#17 Posted:
Joined: 11-23-2011
Posts: 28,754
you're talking about your 403B?

How'd it do in 2008?

Mine was underwater when it bottomed out...
MACS Offline
#18 Posted:
Joined: 02-26-2004
Posts: 79,593
457b... started in 2010, and have been pretty damn conservative with it. I've been maxed out for a year and recently maxed out at the 50+ catch-up amount and will leave it that way until I retire.

Not gonna be a millionaire, but if sh*t goes south on me, it'll be enough to live in the Philippines like a king.

Plan B, baby... Plan B.
delta1 Offline
#19 Posted:
Joined: 11-23-2011
Posts: 28,754
yeh...I've left my 403B alone since I retired...it's made up the lost ground and then some, except for the last 3 months...gonna leave it alone as long as the annual return exceeds CD, money market or other cash savings interest rates...rainy day fund that will prolly go into the grandkids's 529 college savings accounts at some point...
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