The Dow Jones Industrial Average has posted losses for the past eight days in a row. If it were to post a loss today it would match the last time the Dow lost exactly nine days in a row, which was in February 1980, when Jimmy Carter was president.
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Dow Jones Looks to Avoid Carter Era Infamy
- Thread starter InTheLight
- Start date
Well, it didn't:
Dow jumps 151 points, breaking 8-day losing streak
money quote from above:
the Dow is not the indicator of national economic health that it used to be.
Dow jumps 151 points, breaking 8-day losing streak
money quote from above:
the Dow is not the indicator of national economic health that it used to be.
Liberals WANTED to scream "the sky is falling" as they have been unhappy with all the good economic indicators since the election of Trump.
BUT today, even after "almost Carter" like failure, the Dow ended at 20,700. Remember election night? The Dow was 18,400. You won't here the media "trump"eting that. Just doom-and-gloom. Expected.
BUT today, even after "almost Carter" like failure, the Dow ended at 20,700. Remember election night? The Dow was 18,400. You won't here the media "trump"eting that. Just doom-and-gloom. Expected.
I sure hope this post wasn't aimed at me. I'm no liberal and I'm on board with the stock market gains, the increase in consumer confidence (16 yr. high), Trump's plans to cut taxes and regulations, etc.
I was merely noting an odd bit of historical fact. If any one cares, the Dow was down 11 days in a row during the best economic recovery in my lifetime, February 1984.
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The Dow is making an interesting formation. Too soon to predict which way it will go. If it does not break 20750 but does break 20500 it will be a bad sign. If it moves above 20750 it will meet resistance at 20900.
What article?
It is too early to praise or condemn Trump on the economy. Let us see where we are in a year before making too many pronouncements.
No. You're not a liberal, but you relish every opportunity to try to make Trump look bad.
We both know why and it has nothing to do with his policies or his politics.
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Ha ha ha ha ha! I don't have to "relish an opportunity". The man provides one every day. If I wanted to go after him I could do it on an almost hourly basis. I've gotten bored with it.
Watch how he handles tax reform, the debt ceiling, and the infrastructure program. I have no confidence that tax reform will get done this year, or ever. He should have come out of the gate with tax reform, instead of pushing this half-baked ObamaCare tweak.
There is no coherent corporate tax reform proposal from the White House. Why is that? Is there going to be a border adjustment tax or not? It's inconceivable that this is languishing and meanwhile he tweets on a daily basis about how he's not entangled with the Russians. I wonder why he has to say that a couple of times a day?
The proper quote is EVERY opportunity. And that's right, you don't have to, but you do.
This thread is a good example. You focus here was a fervent hope that a new negative record would happen under his administration.
Sorry you were disappointed[emoji6]
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I stated my motivation for posting this thread but here you are Mr. Mysterio mind-reader telling me I'm lying.
Being heavily invested in the stock market I have no "fervent hope that a new negative record would be set" (it wouldn't have been a new record, anyway) so you can take your criticism and flush it down the toilet.
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