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Author Topic:   Dow now below 20,000
BlueRoamer
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posted March 18, 2020 03:25 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
Dow now sitting at 19.2,

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Randall
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posted March 18, 2020 06:50 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Once we are over the curve, we are going to see a market recovery so extreme that it will make you dizzy. However, business will very slowly to moderately return for a while to come. Maybe a lot longer than that, depending upon how long this goes on, but President Trump is trying to keep things afloat.

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iQ
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From: Lyra
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posted March 19, 2020 08:11 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Trump bankrupted a Casino for crying out loud.
The Economy was running on all the good done by Obama and his team, Trump junked it all by the unnecessary tax cuts for the rich, who did not invest in manufacturing. Now no more government revenue and the tax savings which had gone into stock buybacks have also got pummeled.

Debt is at record high as well, plus another trillion for SOCIALIST BAILOUTS of Boeing etc.
Or Islamic "Interest Free Loans" like how UK is trying, announced by their Chancellor of the Exchequer for small businesses.

Yep, Islam and Socialism are sneakily used to survive by Right Wingers when the chips are down by their own greed.

The best thing Trump can do for now is:
BAN SHORT SELLING. At least 300-400 Billion have been made by short sellers in Wall Street, that money can be salvaged and used for the Interest Free Loans to working class/small businesses.

Conspiracy theorists are actually praising this Crash, and are calling Trump "ArchAngel Uriel" for destroying the US Financial Markets to end the Federal Reserve. The MAGA Cult...

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Randall
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posted March 19, 2020 01:29 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
The tax cuts along with cuts in regulatory rules are what caused the multiple record-setting economic boom. It had nothing to do with Obama other than in the alternative to Obama, where President Trump reversed his anti-business policies.

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iQ
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From: Lyra
Registered: Apr 2009

posted March 20, 2020 07:31 AM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Hmmm, Anti-Business Obama takes Dow Jones from 6900 close to 20K.

Pro-Business Trump Increases National Debt and with one crisis oversees Down Jones from 29K to 19K helpelessly...

Ok...

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jwhop
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From: Madeira Beach, FL USA
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posted March 20, 2020 10:57 AM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by iQ:
Hmmm, Anti-Business Obama takes Dow Jones from 6900 close to 20K.

Pro-Business Trump Increases National Debt and with one crisis oversees Down Jones from 29K to 19K helpelessly...

Ok...


President Trump didn't take the Dow from 29k to 20k....helplessly.

Deliberately is the right word. President Trump knew unemployment, the Dow and national debt would take hits when he shut down travel from China and Europe...and their supply chains for imported goods. He knew businesses and individuals would need short term federal funds to get through the coronavirus upheaval.

The long and short of all this is that President Trump risked his reelection to keep Americans safe and save American lives from a pandemic originating in China which spread to Europe... and across the world.

These actions by President Trump are the essence of Leadership...and good governance.

Sorry to see the scope of your understanding is too narrow to see the bigger picture.

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iQ
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From: Lyra
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posted March 20, 2020 03:39 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
The Essence of True Leadership is to never blame others. Your so called great Leader is still complaining about Obama, almost 4 years into his regime. That is PATHETIC Leadership.
One can understand this 4 months after taking over but blame even after 4 years is sheer incompetetnce.

If Trump could take credit for Dow Jones from 19 K to 29K, then he must accept the blame for the fall. Every time he opens his mouth in a presser on COVID-19, the Dow starts collapsing.

What happened to all that bragging of Winning and record breaking highs?

You know how much bad Karma he has created by Bragging? It is all coming back now for settlement.

The second essence of Leadership? Humility. To accept that one does not have all the answers.

To accept that the Buck Stops with the Leader, not to chicken out by stating "I do not accept Responsibility".

Everyone's 401K profits are wiped out and America is now further in Debt. Even in a market recovery, the big investors who re-invested their shorting profits will earn, the middle class and upper middle class are ruined.

The one redeeming factor? He is emulating Obama's Bail Out package with 1.2 trillion government support. I really hope it works out.


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jwhop
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From: Madeira Beach, FL USA
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posted March 20, 2020 04:57 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
You still have your head up your kazoo.

President Trump did everything he could do...with the information available at the time about coronavirus, infection rates AND the unworkable leftover Obama regulation regime. Trump swept that mess into the garbage bin. Trump hasn't taken any missteps and all the wheezing, whining, sniveling and thumb sucking by leftists are having no effect on Trump's job approval ratings...except to send them UP.

We understand you're still angry that Trump beat your little Queen of Corruption, Hillary The Corrupt. But all your potshots at Trump won't change the equation. Trump is still President of the United States and neither of the dud duo, Joe 'Plug's or Bernie The Commie will be much more than demorat cannon fodder for Trump's reelection.

Buckle up, it's going to be a long 41/2 years for the leftist lunatic fraternity.

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teasel
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posted March 20, 2020 08:15 PM     Click Here to See the Profile for teasel     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by jwhop:
You still have your head up your kazoo.

President Trump did everything he could do...with the information available at the time about coronavirus, infection rates AND the [b] unworkable leftover Obama regulation regime. Trump swept that mess into the garbage bin. Trump hasn't taken any missteps and all the wheezing, whining, sniveling and thumb sucking by leftists are having no effect on Trump's job approval ratings...except to send them UP.

We understand you're still angry that Trump beat your little Queen of Corruption, Hillary The Corrupt. But all your potshots at Trump won't change the equation. Trump is still President of the United States and neither of the dud duo, Joe 'Plug's or Bernie The Commie will be much more than demorat cannon fodder for Trump's reelection.

Buckle up, it's going to be a long 41/2 years for the leftist lunatic fraternity.[/B]





Senators also knew enough - if they knew, Trump had to have known.

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jwhop
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posted March 20, 2020 11:21 PM     Click Here to See the Profile for jwhop     Edit/Delete Message   Reply w/Quote
Why didn't your little Marxist Messiah, Obama lay in a good supply of face masks on his watch?

For that matter, why didn't that disaster of a so called 'public servant' Murphy bring up the issue of face mask procurement since he's now saying he knew they were needed?

Demorats, all talk...after the fact...and no action. Worthless wastes of space.

Memo to demorats:
You're failing.
Nothing you're saying of doing is working against Trump.
Get ready for 4 more years of President Trump.

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iQ
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From: Lyra
Registered: Apr 2009

posted March 23, 2020 04:46 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
Dow Jones below 19K now.

Complete Economic Rout. Including Inflation since 2017 January, Dow Jones is effectively 15K already, and mapping to Gold Price, it is about 13K. Factor in the Tax Cuts and Dow is akin to 12K for all practical purposes.

Now if it actually falls to 15K, then the effective valuation is below 10K.

Upper Middle Class America will be made the new Middle Class, and Middle Class is poised for bankruptcy unless the 2 trillion dollars is spent only on the bottom 98%.

Let not the big shots and Fat Cats get their grubby hands on this sacred fund to rescue American Finances.

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Randall
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posted March 24, 2020 06:08 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
A huge spike today (over 2,100 points in the DOW) looks promising, and it shows that once the current controls are set free, the economy will recover and get back to where we were a few weeks ago and even higher.

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BlueRoamer
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posted March 24, 2020 10:16 PM     Click Here to See the Profile for BlueRoamer     Edit/Delete Message   Reply w/Quote
The economy will recover, nothing can bring grandma back.

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Randall
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posted March 25, 2020 12:03 AM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Maybe volunteers could shop for the more vulnerable members of society and deliver to them, as well as continuing to have senior hours early before opening stores for everyone else, as some retailers are doing now?

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iQ
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From: Lyra
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posted March 25, 2020 01:44 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
The 2 trillion dollar infusion has the potential to bring Dow Jones back to 28,800 this year itself.
Let us hope for the best.
And none of the Governors would let Boomers die off. Youngsters have to help Boomers isolate for one more month. They can learn from Turkey where even cops help deliver groceries to the aged.

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Randall
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posted March 25, 2020 03:19 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
It looks like America might be back open for business on Easter.

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Randall
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posted March 25, 2020 06:22 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
A rise in over 3,000 points in two days!

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iQ
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From: Lyra
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posted March 26, 2020 01:21 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
21000 is the new support level. 18000 the earlier support level. The Cash Infusion has done the trick for now.

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Randall
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posted March 26, 2020 05:10 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
The DOW is about to hit 23,000 and a 20 percent recovery!

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iQ
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posted March 27, 2020 03:06 PM     Click Here to See the Profile for iQ     Edit/Delete Message   Reply w/Quote
The Unemployment numbers combined with DRASTIC increase in COVID-19 have dampened the markets again.

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Randall
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posted March 27, 2020 04:44 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Yes, but we are near the apex, and it will be defeated soon after that.

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hypatia238
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From: Mercury novile and parallel Pluto, Pluto septile Southnode
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posted March 27, 2020 06:20 PM     Click Here to See the Profile for hypatia238     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
The DOW is about to hit 23,000 and a 20 percent recovery!

Great news, I am really hoping we recover in 6 months to a year!

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Randall
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posted March 28, 2020 12:36 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
We will! The last week was the best week for the stock market since 1938!

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hypatia238
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posted March 30, 2020 05:37 PM     Click Here to See the Profile for hypatia238     Edit/Delete Message   Reply w/Quote
quote:
Originally posted by Randall:
We will! The last week was the best week for the stock market since 1938!

Dow is going up more!

FDA approves emergency use of malaria pill for COVID-19 treatment

Mars conjunct Saturn in Aquarius at Aries point: Transit of hope of things changing with this crisis!?

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Randall
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posted March 30, 2020 06:24 PM     Click Here to See the Profile for Randall     Edit/Delete Message   Reply w/Quote
Stocks will rise as fast as they dropped once the crisis is over.

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