stock market, jobs, economy all plummeting under trump

Bugeye

Bugeye

Well-Known Member
UncleBuck said:
they're not gonna wait until 9 months after the layoffs and uptick in unemployment before they call it a recession if we have another week like this one.

one more week like this one and all gains since inauguration day will be wiped out. trump's approval will dip into the 20s, disapproval might hit 70%.

his only saving grace has been the obama economy he inherited, but he is undoing that just like everything else good that obama did.

hell, trump even undid obama's fine work of slashing the deficit. trump doubled the fucking deficit his first year in office.

not to mention higher gas prices, lower labor force participation, the worst job numbers since 2010 - and it will soon be followed by a recession if this keeps up for just one more week.
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3Q and 4Q 2017 jobs numbers were negatively impacted by two significant hurricanes so they are not as bad as they seem, though still lower than expected. 1Q18 job growth may benefit as more of these jobs come back. A lot of money is coming back into the country so it would surprise me if things went tits up that quickly. But it could! Got to give you that.
 
UncleBuck

UncleBuck

Well-Known Member
Bugeye said:
3Q and 4Q 2017 jobs numbers were negatively impacted by two significant hurricanes so they are not as bad as they seem, though still lower than expected. 1Q18 job growth may benefit as more of these jobs come back. A lot of money is coming back into the country so it would surprise me if things went tits up that quickly. But it could! Got to give you that.
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imports are higher now than they were under obama. the trade deficit is higher than it ever was under obama. the deficit doubled.

and now the stock market is tanking.

one more week like this and the recession will really be felt as layoffs and hiring freezes start to drive up unemployment.
 
Fogdog

Fogdog

Well-Known Member
Bugeye said:
10% decline in the market is considered a "correction". A recession is commonly defined as two straight quarters of GDP decline, but gets defined more specifically by different organizations. So we have just experienced a correction but a technical recession is not likely for a while, as strong GDP growth is expected for 1Q18.:bigjoint:
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TacoMac

TacoMac

Well-Known Member
Bugeye said:
as strong GDP growth is expected for 1Q18.:bigjoint:
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Here's the problem with that:

Stocks are tanking because people are NOT MAKING THEIR OWN PROJECTIONS.

When huge companies, like Elon Musk, lose 3/4 of a BILLION dollars in a single quarter (which was just announced yesterday), the most they have EVER lost, falling not just short of but not even in the ballpark of what they projected, that means that the GDP they projected isn't worth the paper it's written on.

One leads to the other. Projected GDP is nothing more than an overall estimate of fortune 500 projections. Once those companies start failing to meet, that's when it starts. They start laying off to bounce their stock prices back, so people have less buying power, so less money is spent, so even more companies fail to meet projections, so they lay even more people off, and on and on and on.

But you always get those people saying, "don't panic! just keep spending! it's just a correction! everything will be fine!" because they want you to buy them out of their own fuckups and prolong the inevitable for as long as they can.

That is how it has happened every single time in the history of the United States. This is looking no different at all.
 
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schuylaar

Well-Known Member
UncleBuck said:
jeff bezos just got even richer.

meanwhile, his workers, who are american citizens, have to piss in bottles between delivery stops and get paid diddly.

the economy is in decline for everyone except the very wealthy right now.
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don't let that stop you from getting a job there (or anywhere): www.urineluck.com

you gotta have the urea or it looks sketchy to the lab.
 
S

schuylaar

Well-Known Member
llnknth said:
what is your attraction to ellipses?
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dick size to period ratio, each period of poster is worth one inch. bucky then decides whether it's equivalent to post. it's a tried and true family formula he will pass on to his son someday.<sigh>
 
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schuylaar

Well-Known Member
greg nr said:
Letr's see.

There is unamous agreement among economists that two things the market hates, and reacts to negatively, are uncertainty and risk.

There is unamous agreement amongst political scientists that two pillars of trump's presidency are uncertainty and risk.

What could possibly go wrong?
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sounds like the definition of stock market.
 
S

schuylaar

Well-Known Member
greg nr said:
Wall Street's 'fear gauge' breaks above 20 for first time since around Trump election

Source: Marketwatch

A measure of Wall Street volatility on Monday rose sharply, hitting its highest level since around the time of President Donald Trump's stunning election victory November of 2016. The CBOE Volatility Index VIX, +23.86% was up 22% at 21.04, its loftiest level since Nov. 4, 2016, according to FactSet data. The VIX uses bullish and bearish option bets on the S&P 500 index SPX, -1.45% to reflect expected volatility over the coming 30 days, and it typically rises as stocks fall. A reading above 20 exceeds that of the volatility gauge's historic average, and may indicate a more bearish outlook for equities. The spike in the VIX on Monday comes as the S&P 500 index was hitting its nadir, falling more than 5% since a peak on Jan. 26, while the Dow Jones Industrial Average DJIA, -1.66% was off more than 460 points, or 1.8%, at 25,098. The Nasdaq Composite Index COMP, -0.98% was off 1.1% at 7,165, as technology shares also came under pressure.

Read more: https://www.marketwatch.com/story/wall-streets-fear-gauge-breaks-above-20-for-first-time-since-around-trump-election-2018-02-05?mod=bnbh
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they just realized Trump was president?
 
S

schuylaar

Well-Known Member
see4 said:
If you managed to sell short options or swaps for fiscal Q1 ending, you've made the right decision.

A little late to jump into that game at this point, but if you saw it coming any time in 2017 you would have made a smart bet.

Expect the market to turn more bearish than it already has.
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what would you do with 401k? i just increased my contribution..this always happens when i do.
 
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schuylaar

Well-Known Member
Heil Tweetler said:
FOR THE DAILY LIES
FOR FLEECING OUR ECONOMY
FOR GOLFING
FOR SAYING TRANSPARENCY AND #RELEASETHETAXRETURN
FOR GIVING A SILENT PARACHUTE TO STORMY
FOR CLAPPING AT YOUR OWN HIDEOUSNESS
FOR FAILING TO LEARN THE MEANING AND USAGE OF WORDS
FOR USING THE WORD DISGRACE WHILE CARRYING A FULL LOAD IN YOUR DEPENZ
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but he promised..

 
see4

see4

Well-Known Member
schuylaar said:
what would you do with 401k? i just increased my contribution..this always happens when i do.
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It depends how you've set up the 401k portfolio. Is it aggressive? conservative? Do you have a good mix of international and domestic funds? -- If your 401k is substantial enough, I'd suggest you talk with a financial advisor soon, market volatility is back.
 
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