The market

tet1953

tet1953

Well-Known Member
Remember when a drop in the Dow in the 100s of points was cause for alarm? A very rare occurence? Sure, the Dow was less than the 10-11,000 it is now, but even percentage wise like a 3% drop is substantial. And it is happening on a daily basis.
I am not panicked but I am concerned. I don't know if anyone alive has ever seen it like this, I certainly haven't. And I have 401k money that I am not that far from using.
 
hazyintentions

hazyintentions

Well-Known Member
tet1953 said:
Remember when a drop in the Dow in the 100s of points was cause for alarm? A very rare occurence? Sure, the Dow was less than the 10-11,000 it is now, but even percentage wise like a 3% drop is substantial. And it is happening on a daily basis.
I am not panicked but I am concerned. I don't know if anyone alive has ever seen it like this, I certainly haven't. And I have 401k money that I am not that far from using.
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This stock market has no backbone anymore due to the weak and unstable economy as well as the unpredictability of the government. Hey I noticed every time Obama makes a speech the market usually drops by a substantial amount; coincidence? I'll let you decide.

With that said the stock market is no longer a good barometer of the economy. So don't give it to must prudence.
 
tet1953

tet1953

Well-Known Member
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
 
hazyintentions

hazyintentions

Well-Known Member
tet1953 said:
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
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Yup, but it would be a huge coincidence if that happened every-time..
 
mame

mame

Well-Known Member
BendBrewer said:
Based on what the market was on the day he assumed office. Why do you have to be an idiot about it?
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He's just trolling at this point, they're all going to hate Obama no matter what he does... I mean, almost his whole plan revolves around tax cuts and incentives - something Republicans generally support - but since he proposed it, Republicans will now fight against it at all costs. herp derp
 
tet1953

tet1953

Well-Known Member
On January 20, 2009 (Inauguration Day) the Dow closed at 8000.86. Yesterday's close was 11295.81. That is actually an increase of 41.18%.

Edit: oops. double checked and it actually closed at 7949.09 on 01/20/2009. That makes the percentage change 42.10%.
 
dukeanthony

dukeanthony

New Member
tet1953 said:
It would be just as reasonable to say that due to Obama's speech, the market is only down 2-3 pts instead of 4-5. I believe neither is true. Normal market drivers are not working right now, it's all emotion I think.
Click to expand...
Emotions and Computer stock Trading
 
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