- Feb 22, 2017
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Soaring markets? Are you drunk this morning?
The DJI has gained less than 700 points in the last 11 months, that us worse than a malaise.
The S&P 500 has lost nearly 100 points in the last 11 months, that is worse than malaise.
The NASDAQ has gained less than 200 points in the last 11 months, now that might be malaise.
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Why the 11 month cherry picking?
That is when the new year started, seems a reasonable landmark.
We could use 22 Jan as the starting point, the day Trump leveled his first tariffs, all the markets are way down since that day
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It would be 10 months, really.
I would say it’s better to look at since Trump took office, especially because the prediction from the left was the economy crashing.
Yeah, they were wrong, who cares.
I am a “what have you done for me lately” sort of guy. Trump had a nice bump due to the unknown factor, but that has faded and now the markets are treading water at best.
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We should all care, because that was a reason they were saying to not vote for Trump.
We should care because if people continue to listen to people who don’t know what they fuck they are talking about, we will repeat the mistakes.
The economy is doing well. Fucking period.
It is doing well, not great and not shitty.
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