So If The Economy Is So Strong, Then Why Did The Stock Market Plunge Over 300 Points? Oops.

[Rexx Taylor]

so did the Bush of 2005 also cause the erection of Mt. St. Helen too?

 

[NYcarbineer]

Never listen to a politician on the economy or the market.

They. Are. Clueless.
.

You think a one day 300 point swing in the stock market proves anything about the economy?

 

[NYcarbineer]

so did the Bush of 2005 also cause the erection of Mt. St. Helen too?

Did you work hard on composing that sentence?

 

[Mac1958]

Never listen to a politician on the economy or the market.

They. Are. Clueless.
.

You think a one day 300 point swing in the stock market proves anything about the economy?

Nope.
.

 

[Zander]

The Russell 2000 is already in "bear" market territory and is down 21%......

Russell 2000

1295 on June 23
1025 today
=20.85% decline
= BEAR MARKET

It's only a matter of time before the large caps catch up......

 

[Toro]

The market is going down because of the coming depression in the energy industry and the deep problems in China.

 

[IcebergSlim]

It's not, just like when it was at record highs it wasn't due to Obama. Understand? But many on here from the left screamed it was so you have to expect blow back

Your wrong. The stock market is like a dick, it only gets hard when the owner gets excited. In this case, the excitement is taking profits. Next week, it will be making profits.

Don't appeal to Gassy's prurient inclinations.....please....

Now, Gassy....you've been running from me all day....Market action has been, as someone already pointed out, a response to the crisis in China.....my guess is that some have taken the opportunity to harvest part of the obscene gains from the past several years.....

What are your theories?

Let's see. So Chinese exports are way down. And China's largest market is? Could it be the US? Could a looming recession in the US account for lower sales of Chinese goods here?
Wow, if only someone knew about economics. If only.

Could a looming recession in the US

Now that's truly hysterical.

You dont think we are entering a recession? You are a fool.

Yeah, we're definitely entering a recession..
Obama’s Numbers (January 2016 Update)

Wrong.
Get me someone who actually understands economics and numbers.

Sure.....looks like you've got num_num......

So markets recovered today.......since you're a data point by data point kinda guy, how do you reconcile that with your theory of yesterday?

 

[Rexx Taylor]

like i said,,,,we cant expect much movement in the stock market, unless bambi wakes up and lowers that corporate tax to 15%

 

[IcebergSlim]

Upon closer review....

The numbers are bullshit. Here's an example....

It claims the debt was $9T when Obama became president in January, 2009.

It wasn't . It was $10.6T

It WAS about $9T in January, 2008

Here's another example....

It claims there were 138 million total jobs when Obama became president in January, 2009.

There weren't. There were 134 million.

There WERE 133 million in January, 2008

Here's another example....

It claims the labor force participation rate was 66.2% when Obama became president in January, 2009.

It wasn't. It was 65.7%

It WAS 66.2% in January, 2008




.... do you see the bullshit you posted here?? The numbers in that chart claim to portray the economy as it was in January, 2009, when Obama became president, but in reality, it's based on the economy a full year before Obama became president when we were just coming off the peak of the economy and entering into one of the worst recessions in this country.

You're a fucking imbecile as are the morons who patted you on your head for posting that:

• the_human_being
• Decus
• HereWeGoAgain
• num_nut
• depotoo
• The Rabbi

Did someone exploit that dullard, Gassy, again?

I tell ya....when you know nothing, you'll believe anything...

 

[IcebergSlim]

like i said,,,,we cant expect much movement in the stock market, unless bambi wakes up and lowers that corporate tax to 15%

Sure.....so it's only up about 200% since it bottomed out in March 2009....

When will this nightmare end, eh?

 

[leftwinger]

Ice killed the topic? Yeah we got our money back to 2007 levels and up. I NEED it. I am thankful. It was flat last year, and I hope it holds up? My IRA.......not easy to move it quickly. It is what it is.

 

[leftwinger]

Now as long as ICE dropped ......DEBT in 2015 below. Now it $18.9T with 8 months to go. Say what?
"deficit" cut?


09/30/2015 18,150,604,277,750.63
09/30/2014 17,824,071,380,733.82
09/30/2013 16,738,183,526,697.32
09/30/2012 16,066,241,407,385.89
09/30/2011 14,790,340,328,557.15
09/30/2010 13,561,623,030,891.79
09/30/2009 11,909,829,003,511.75
09/30/2008 10,024,724,896,912.49
09/30/2007 9,007,653,372,262.48
09/30/2006 8,506,973,899,215.23
09/30/2005 7,932,709,661,723.50
09/30/2004 7,379,052,696,330.32
09/30/2003 6,783,231,062,743.62
09/30/2002 6,228,235,965,597.16
09/30/2001 5,807,463,412,200.06
09/30/2000 5,674,178,209,886.86

 

[Zander]

The bottom line is the US Stock market has lost over $2 Trillion in value since December and is highly likely to lose a great deal more before we see the end of this bear market we are now in.

 

[Zander]

like i said,,,,we cant expect much movement in the stock market, unless bambi wakes up and lowers that corporate tax to 15%

Sure.....so it's only up about 200% since it bottomed out in March 2009....

When will this nightmare end, eh?

Were you invested in 2008? If you were you'd know that there's nothing spectacular about the stock market returns over the last 8 years.

Fromm December 2007 to December 2015 the S&P500 returned 6.302% - assuming all dividends were reinvested-

PS- it was only about 4% when adjusted for inflation.


S&P 500 Return Calculator - Don't Quit Your Day Job...

 

[xband]

Three hundred points is only a wee bitty tiny market correction in the bubble that the DOW is in. Some people gauge the market by the S&P but I gauge the market by the DOW.

 

[Remodeling Maidiac]

Obviously my life is only an anecdote to the economy BUT this is what I'm seeing. (I'm a remodeler btw)

After 25+ years in business this winter has been the worst I've had to endure outside of the crash. Business took a nosedive shortly after thanksgiving and I have seen no signs of it picking up. It is usual for a decline to take place in my business this time of year but not to the extent it has. At this point we're only getting calls for cosmetic jobs and not the deep remodels we usually see.
We had a 6 week job cancel 4 days before it was scheduled to begin and have yet to recover from it.

 

[ScienceRocks]

China's economic problems...

 

[Zander]

Three hundred points is only a wee bitty tiny market correction in the bubble that the DOW is in. Some people gauge the market by the S&P but I gauge the market by the DOW.

it is a decent proxy...
since the may 2015 peak...
The DOW is down 10.5%
The S&P 500 is down 11.2%
The Russell 2000 is down 21%
The Russell 3000 (which covers 98% of investable stocks in the US) is down 12%

 

[xband]

China's economic problems...

The New Buick is only going to be built in China with only Chinese products and workers. Bigger than a Buick was the term for anything huge back in the day, a Buick was also called a Doctor's car back in the day.

 

[Vandalshandle]

Chinese workers make only 5% of what American workers make, with no benefits (health insurance, vacation, even sick days). Twelve hour shifts are common. This is the reason the 90% of retail goods bought by Americans are made in Asia.