Biden economy: Market's longest losing streak since Jimmy Carter was in office

[DigitalDrifter]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

The world’s most famous market indicator is at risk of suffering its longest losing streak since Jimmy Carter was in the White House.

The Dow Jones Industrial Average has dropped eight days in a row coming into Tuesday and fell by around 215 points, or 0.5%, at the opening bell.

The blue chips haven’t closed in the red for nine consecutive days since February 1978, according to FactSet data.


But the recent market slump has been mild, with the Dow losing just 3% over the prior eight trading days. That’s barely a blip in the big picture.

Not only that, but the losses have been mostly contained to the Dow.

The Nasdaq, powered by Big Tech and the artificial intelligence boom, is still on fire. It surged another 1.2% on Monday to record highs. The S&P 500 advanced Monday as well.

“It’s a little quirky,” said Keith Lerner, co-chief investment officer and chief market strategist at Truist Advisory Services. “Money continues to rotate into technology stocks. That’s the dominant theme for this market: AI and technology.”

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

 

[Zafira Cherry]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

I am taking my 50% return 2024 YTD and laughing all the way. Yeah Joe, YOU DID THAT

 

[rightwinger]

I will take the 27 percent I earned in the stock market this year

Thanks Joe Biden

MSN

 

[JohnDB]

It's reacting to the news that it's been working off falsified data.

 

[Mac1958]

But I thought the market was all excited that Trump was coming back 'n stuff.

Silly.

What a load of crap. The market has been overbought and needed a correction.

 

[22lcidw]

I am taking my 50% return 2024 YTD and laughing all the way. Yeah Joe, YOU DID THAT

And the working poor and poor expanded. The voters your party profess to represent.

 

[Moonglow]

The stock market is like a roller coaster ride, gotta know when to get on and when to get off.

 

[Hum Dinger]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

Sounds like the markets are just starting to acclimate to the fact that Trump was re-elected.

I'm sure his idiotic plans for huge tariffs and ending the FDIC are just starting to sink in.

 

[Edgetho]

And the working poor and poor expanded. The voters your party profess to represent.

dims be like, "I got mine, fuck everybody else"

50% return? Possible. More than possible. But not sustainable. If it had everything in a small cap Fund that specialized in Tech, maybe. But not sustainable. It will be crying the Blues soon enough.

More likely, it has a Profit Sharing or retirement plan that rose 50% because he and the company both made substantial contributions to the plan.

But.... It's obviously a dimocrap scumbag and not to be taken seriously

 

[JohnDB]

Sounds like the markets are just starting to acclimate to the fact that Trump was re-elected.

I'm sure his idiotic plans for huge tariffs and ending the FDIC are just starting to sink in.

They are reacting to the Federal Government declaring that the data they have been releasing is falsified data. They have made up jobs reports.

Many have gone to outside sources for economic data.

Shadow Government Statistics - Home Page

www.shadowstats.com

 

[sealybobo]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

The stock market is now reacting negatively to the potential tariffs Trump is going to impose. Not to anything Biden is or isn't doing.

 

[sealybobo]

They are reacting to the Federal Government declaring that the data they have been releasing is falsified data. They have made up jobs reports.

Many have gone to outside sources for economic data.

Shadow Government Statistics - Home Page

www.shadowstats.com

As soon as Trump's back suddenly the unemployment number will be real again. Right?

 

[g5000]

Yeah Joe, YOU DID THAT

No, you don't get to do that.

When the stock market surged after the election, Trumptards gave all the credit to Trump, saying it was in expectation of his policies.

Now that his policies are crystalizing, the market is tanking.

 

[sealybobo]

The stock market is like a roller coaster ride, gotta know when to get on and when to get off.

His own article says

Markets initially surged following the election results, with investors breathing a sigh of relief that recounts and court fights were avoided.

Republicans brag "did you see the stock market" as if it was happy Trump was back. It was not. It was just happy the election was clearly won by someone and not tied up in the courts. No riots.

But the recent market slump has been mild, with the Dow losing just 3% over the prior eight trading days. That’s barely a blip in the big picture.

Not only that, but the losses have been mostly contained to the Dow.

The Nasdaq, powered by Big Tech and the artificial intelligence boom, is still on fire. It surged another 1.2% on Monday to record highs. The S&P 500 advanced Monday as well.

“Money continues to rotate into technology stocks. That’s the dominant theme for this market: AI and technology.”

And it's not just trump's threats of tariffs

UnitedHealthcare Group accounts for a significant chunk of the recent losses on the Dow. The insurance giant has lost 18% of its value so far this month, a selloff that began after the fatal shooting of UnitedHealthcare CEO Brian Thompson.

UnitedHealthcare dropped again on Monday after President-elect Donald Trump vowed to “knock out” drug-industry middlemen.

Despite the recent losses, the blue chips are up by 16% so far this year. Not only that, but the Dow is still about 1,500 points (3.5%) higher than it was on Election Day.

After the election, investors focused only on the good parts of Trump policy. Next year, they’ll have to focus on both the good and the bad,” said Lerner, referring to concerns about Trump’s threats to spike tariff rates and launch mass deportations.

There’s also been a “modest reset in expectations around the risks and opportunities associated with the incoming Trump administration next year,”

 

[sealybobo]

No, you don't get to do that.

When the stock market surged after the election, Trumptards gave all the credit to Trump, saying it was in expectation of his policies.

Now that his policies are crystalizing, the market is tanking.

The article this guy gave us even says it.

Markets initially surged following the election results, with investors breathing a sigh of relief that recounts and court fights were avoided.

But now that the election is over, the market is going down because they are speculating that Trump's tariffs are going to raise prices. So prices have gone up. I showed people record beef prices article from the Wall Street Journal 2 days ago. It's not ONLY Trump's tariffs, but his tariffs are why prices went up. Potential tariffs.

UnitedHealthcare Stocks took a dump after the shooting. Then again after Trump threatened them. UnitedHealthcare dropped again on Monday after President-elect Donald Trump vowed to “knock out” drug-industry middlemen.

I'm getting all this from the OP's link.

 

[JohnDB]

As soon as Trump's back suddenly the unemployment number will be real again. Right?

I honestly don't know. I always hope for truth from our government....but the last 24 years has been rather disappointing to say the least.

 

[sealybobo]

I honestly don't know. I always hope for truth from our government....but the last 24 years has been rather disappointing to say the least.

It all started with Bill Clinton lying about a blowjob. Bush said well if he can lie about that then I'm going to steal the election with the help of Jeb and purposely cause a Great Recession in which my rich buddies will benefit. And sending our best paying jobs overseas in order to break the unions, I mean middle class.

And damn Hillary for saying she was under sniper fire. Because of that one lie, Trump got to get away with 1000 lies and all of them more important than being under sniper fire.

I don't know any politician who can or would always tell the truth. It would probably be political suicide to do that. But Republicans lie constantly. And yet they call us the liars.

 

[JohnDB]

It all started with Bill Clinton lying about a blowjob. Bush said well if he can lie about that then I'm going to steal the election with the help of Jeb and purposely cause a Great Recession in which my rich buddies will benefit. And sending our best paying jobs overseas in order to break the unions, I mean middle class.

And damn Hillary for saying she was under sniper fire. Because of that one lie, Trump got to get away with 1000 lies and all of them more important than being under sniper fire.

I don't know any politician who can or would always tell the truth. It would probably be political suicide to do that. But Republicans lie constantly. And yet they call us the liars.

Ummmmm
Financial statements like these would get anyone else put under the jail.

It's called fraud.

It qualifies with all 9 elements.

Do you know the 9 elements of fraud?

This certainly qualifies.

 

[rightwinger]

The stock market is like a roller coaster ride, gotta know when to get on and when to get off.

And when to puke

 

[rightwinger]

It all started with Bill Clinton lying about a blowjob. Bush said well if he can lie about that then I'm going to steal the election with the help of Jeb and purposely cause a Great Recession in which my rich buddies will benefit. And sending our best paying jobs overseas in order to break the unions, I mean middle class.

And damn Hillary for saying she was under sniper fire. Because of that one lie, Trump got to get away with 1000 lies and all of them more important than being under sniper fire.

I don't know any politician who can or would always tell the truth. It would probably be political suicide to do that. But Republicans lie constantly. And yet they call us the liars.

Kind of a reach

Remember LBJ lying about the Gulf of Tonkin?
Nixon lying about Watergate?
Bush lying about WMDs?