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from the how-are-they-doing-over-the-entire-year? dept.
"The Dow rose more than 1,080 points, or nearly five percent, marking the first time in history the exchange rose more than 1,000 points in a single day of trading. The S&P 500 climbed more than 100 points, or about five percent, while the tech-heavy Nasdaq Composite rose more than 360 points, or nearly six percent.
All three major exchanges posted their largest single-day point increase on record." foxbusiness.com/markets/stock-futures-trade-cautiously-on-political-concerns
Our Country is doing very well. Because we are finally putting America First.
A report at Bloomberg offers a less rosy perspective:
Just one of the S&P 500 members fell on Wednesday, when the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain. Consumer shares paced the rally, with Amazon.com Inc. jumping 9.5 percent on record holiday sales. Each member of the FAANG[*] cohort rallied at least 6.4 percent. Nike and Apple rose more than 7 percent.
Yet it's still a horrible month for U.S. stocks, with the S&P 500 down almost 11 percent. Japan's Topix is even worse, with a 14 percent slide. Emerging markets have done better, thanks to expectations of less aggressive tightening by the Fed. The Shanghai Composite is off less than 4 percent, for example. And China's yuan, along with most major Asian currencies, is up against the dollar this month.
[*] FAANG: "FAANG is an acronym for the market's five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet's Google."
(Score: 5, Interesting) by FatPhil on Thursday December 27 2018, @10:21AM (13 children)
That, and the stock market indices over the last century have been almost entirely uncorrelated with how well the economy is doing (contempoaniously, that is, there are time-shifted correlations...).
That, and your treasury yield curve is now flattenning (ignore 3 months, that's a fake value not from an open market), which means, with 12/13 probability, if past patterns are to be trusted, you're heading for a big crash and recession, some time in 2020 probably, as there seems to be an 18 month lag time on average.
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 1, Insightful) by Anonymous Coward on Thursday December 27 2018, @10:39AM
Why would it be sad? We need to correct the massive inequality caused by the 2008-2016 ZIRP.
1) Prices always drop before wages (and vice versa during inflation) so the working class becomes relatively wealthier.
2) People who saved cash and planned ahead for this will be rewarded, while those who acted like there would never be currency deflation again will be punished, wealth flows in the correct direction.
3) People will be encouraged to save rather than spend on stuff they dont need, which is good for the environment.
(Score: 4, Informative) by zocalo on Thursday December 27 2018, @11:59AM (10 children)
If you're trying to take credit for this, then you're basically just admitting to being an agent of chaos.
UNIX? They're not even circumcised! Savages!
(Score: 5, Informative) by Anonymous Coward on Thursday December 27 2018, @09:06PM (7 children)
No they aren't. We had 9 years of relatively smooth growth. [yahoo.com] That stability came to an end about a year ago.
The markets are from perfect. It took them about a year to start waking up to the fact that the most powerful man in the world has a severe case of narcissistic personality disorder - which means that he will destroy everything before he will suffer a personal loss. The more that fact sinks in, the more volatile the markets will get. Buckle up. because a lot more people are going to die before we get out of this.
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:45PM (6 children)
All you have to do is look at the fed interest rates and assets to see what is going on. And further, currency deflation should bad for people like trump and good for people living off wages since everything will get cheaper... so you should be cheering it.
Its like there are people who believe the exact opposite of reality posting here.
(Score: 0) by Anonymous Coward on Thursday December 27 2018, @10:58PM (5 children)
And what's even crazier... they don't even know it!!
(Score: 0) by Anonymous Coward on Friday December 28 2018, @01:40AM (4 children)
Well, thats the great thing I discovered about the stock market vs eg academic medical research. The people who are right get rewarded rather than those who play politics the best or make good useful idiots.
It's looking like I'll have ~130% returns this year (more than doubled my money), how about you with your total lack of understanding?
(Score: 0) by Anonymous Coward on Friday December 28 2018, @01:46AM (3 children)
lol, dude, I cashed out with nearly 300% gains 3 months ago. But the difference between you and I is that I know that I was gambling. You, on the other hand, are in love with your simplistic monocausal understanding.
(Score: 0) by Anonymous Coward on Friday December 28 2018, @01:49AM (2 children)
You cashed out based on Trump?
(Score: 0) by Anonymous Coward on Friday December 28 2018, @03:35AM (1 child)
Based on his actions. Including, but not limited to, the tariffs and the reactions to them - china's response, both official policy (retaliatory tariffs) and their soft response, like the massive decline of their soy imports (which, as expected, were just reported to hit ZERO in november). Now that the house can start to do their constitutional duty of holding the executive branch to account, shit is going to get WILD because the one thing that makes an NPD lose their shit is facing accountability, so I am staying out.
But why I am telling you this? Being a fed absolutist means you are deaf to any reality outside your bubble.
(Score: 0) by Anonymous Coward on Friday December 28 2018, @02:48PM
What made you pull the trigger in september/october rather than earlier in the year, or even in 2017 though? There has been "crazy Trump" excuses to get out the entire time. The soybean imports are that much of a bellweather? And why did you only go to cash rather than start shorting?
Im just a practical person, if something actually works I want to learn about it.
(Score: 5, Interesting) by FatPhil on Thursday December 27 2018, @10:45PM (1 child)
And I'm not sure anything Trump says with regard to this makes him an actual agent of chaos, I think he's more just the cheerleader that accidentally strays on to the pitch while the ball's in play.
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
(Score: 3, Informative) by Anonymous Coward on Thursday December 27 2018, @11:02PM
Here's the thing... the office of the president can't do all that much on his own to make the economy successful, but the president is absolutely powerful enough to fuck it up if he isn't careful. Its like having a bull in the china shop - the bull can't stock the shelves, but he sure can knock them down. And trump's entire life has consisted of knocking down other people's shit and then grabbing as much of it for himself as he can - so that dude has zero experience actually protecting anything but his own money (and his 6+ bankruptcies prove he's not all that great at it either).
(Score: 2, Informative) by Anonymous Coward on Thursday December 27 2018, @07:07PM
Today we're giving up 1/2 of yesterday's gains.
Volatility, we are your bitches.