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

[westwall]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China.

Thanks to Obama, the US economy is the strongest in the world.

How is it that RWNJs never ever know this stuff?

How is it that progressives don't understand facts? The facts are that the USA is not doing well. The middle classes net worth is LOWER than when Bush was POTUS! That's right, obummer has screwed the middle class. THANKS OBUMMER!

 

[Rexx Taylor]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

Just be quiet and maybe the dumb ones will believe you...

hey, when it all crashes this summer, maybe a few million hispanics will run back to mexico.

 

[C_Clayton_Jones]

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

Further evidence that most republicans know nothing about economics.

 

[SassyIrishLass]

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

Further evidence that most republicans know nothing about economics.

Will you be educating us or scampering away like you always do?

 

[Arianrhod]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

The U.S. economy is strong. It's the Chinese stock market that's been crashing.

Economics 101.

 

[IcebergSlim]

An' how come we in such deep debt?

because Obama borrowed 5 trillion dollars to buy 65 million votes in 2012

Sure....Show me your math....

 

[IsaacNewton]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

You are.

 

[SassyIrishLass]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

The U.S. economy is strong. It's the Chinese stock market that's been crashing.

Economics 101.

Then why did the ISM index fall? Be specific in your answer

 

[IcebergSlim]

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

Further evidence that most republicans know nothing about economics.

Will you be educating us or scampering away like you always do?

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?

 

[IcebergSlim]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

The U.S. economy is strong. It's the Chinese stock market that's been crashing.

Economics 101.

Then why did the ISM index fall? Be specific in your answer

Uh.......because inventories may be elevated and exports suppressed?

 

[IcebergSlim]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China.

Thanks to Obama, the US economy is the strongest in the world.

How is it that RWNJs never ever know this stuff?

How is it that progressives don't understand facts? The facts are that the USA is not doing well. The middle classes net worth is LOWER than when Bush was POTUS! That's right, obummer has screwed the middle class. THANKS OBUMMER!

Explain how he has done so........eschew slogans in favor of a coherent argument......

 

[Zander]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China, dipshit.

Next question.

Sorry but there is practically ZERO correlation between US stock prices and China's.

These charts show you can’t blame China for U.S. stock-market selloff

Try again?

 

[IcebergSlim]

And she would be right, and all of you are flat wrong.

The Dow jumped 400 points several weeks ago.

What is going on is the the stock market wants a certain thing, and guess what sonnies and girlies, despite that fuck Santelli, there is no certain thing in life other than we are going to die.

"Several weeks ago".. What has it done for the last TWO weeks, numbnuts?

Westy.....

You're crossing that line again........

 

[Rexx Taylor]

and what if the DOW tanks 500 tomorrow? does that mean the economy is roaring back to the days of 2005?

 

[IcebergSlim]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China, dipshit.

Next question.

Sorry but there is practically ZERO correlation between US stock prices and China's.

These charts show you can’t blame China for U.S. stock-market selloff

Try again?

S&P 500 and SHCOMP have fallen in concert since Dec 30.....

That they aren't correlated over 5 year periods doesn't mean they can't be in any particular instance....

 

[IcebergSlim]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China, dipshit.

Next question.

Sorry but there is practically ZERO correlation between US stock prices and China's.

These charts show you can’t blame China for U.S. stock-market selloff

Try again?

You didn't read this very carefully...


Weinberg doesn’t predict the direction of markets, but argues that Shanghai and the U.S. should start to decouple pretty soon.

 

[rightwinger]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

Remember how you guys used to gloat how China was kicking our ass?

 

[JakeStarkey]

The far right must want America to fail rather than be wrong.

Slim, thank you for your comment.

 

[Vigilante]

The far right want America to fail.

Slim, thank you for your comment.

The FAR RIGHT?...What a JakeAss.....

• Sell everything! 2016 will be a 'cataclysmic year,' warns RBS
  
  
  CNN Money ^ | 01/13/2016 | Jim Boulden
  That harrowing advice is from The Royal Bank of Scotland, which has warned of a "cataclysmic year" ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go. "Sell everything except high quality bonds," warned Andrew Roberts in a note this week. He said the bank's red flags for 2016 -- falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation -- had all been seen in just the first week of trading. "We think investors should be afraid," he said.

 

[Zander]

Now wait! didn't Obama tell us last night that the state of the union is strong? The Economy is roaring, etc.? Then maybe Obama needs to explain why the DOW took another big hit today as Crude went under $30.00 a barrel. Maybe he just assumes that over 60 per-cent of us are just as dumb as turkeys and guinea pigs?

China, dipshit.

Next question.

Sorry but there is practically ZERO correlation between US stock prices and China's.

These charts show you can’t blame China for U.S. stock-market selloff

Try again?

S&P 500 and SHCOMP have fallen in concert since Dec 30.....

That they aren't correlated over 5 year periods doesn't mean they can't be in any particular instance....

Not really.

SHA closed at 3588 on DEC 30, it is now at 2949- that is a decline of 17.8%

SPX closed at 2063.36 on DEC 30, it is now at 1890.28 - a decline of only 8.38%

That is less than half the decline. the average correlation since 1995 is roughly 0.32

The reason for the decline is much simpler. US Stocks are overvalued and we are entering a period of uncertainty.