mspart Posted August 1 Share Posted August 1 https://finance.yahoo.com/news/stock-market-news-today-stocks-tumble-after-weak-economic-data-10-year-yield-falls-below-4-161456652.html The latest ISM data out on Thursday showed the US manufacturing sector sank further into contraction territory during July. Other releases showed jobless claims rose to an 11-month high last week and construction spending unexpectedly declined in June. https://finance.yahoo.com/news/jobless-claims-data-show-warning-sign-for-the-us-labor-market-155410636.html mspart 1 Link to comment Share on other sites More sharing options...
Offthemat Posted August 1 Share Posted August 1 One economist has been calling it Bidenitis. 2 1 Link to comment Share on other sites More sharing options...
mspart Posted August 2 Author Share Posted August 2 Another stellar day of Bidenomics due to crappy employment. From Yahoo Finance. Everyone is in agreement!!!! mspart Link to comment Share on other sites More sharing options...
mspart Posted August 5 Author Share Posted August 5 More better news today, stocks are down over 2% from Friday. Wonderful!! mspart 1 Link to comment Share on other sites More sharing options...
ionel Posted August 5 Share Posted August 5 22 minutes ago, mspart said: More better news today, stocks are down over 2% from Friday. Wonderful!! mspart Kamala says prices are too high so this is good no? 1 Link to comment Share on other sites More sharing options...
mspart Posted August 5 Author Share Posted August 5 Close for today: That is pretty bad just based off of the unemployment numbers. The whole world is having issues in their markets now. Bidenomics working as promised just not as sold. mspart Link to comment Share on other sites More sharing options...
Ohio Elite Posted August 6 Share Posted August 6 Markets looking a little better. Not GoPro though... Link to comment Share on other sites More sharing options...
red viking Posted August 6 Share Posted August 6 (edited) Quote Possibly the dumbest thread I've ever seen. It's been the goal for over 2 years now for the Federal Reserve to bring inflation down and unemployment up. This is what we've been waiting for any why interest rates have been kept > 5% for a couple years (or so) now. If you really think we could get inflation down to 2% without raising unemployment a little I have a bridge to sell you. Theoretically possible, but highly unrealistic. Also, extremely difficult to stick a "soft landing" even though it is a nice goal. Again, not realistic. Edited August 6 by red viking 1 Link to comment Share on other sites More sharing options...
Scouts Honor Posted August 6 Share Posted August 6 15 minutes ago, red viking said: Possibly the dumbest thread I've ever seen. It's been the goal for over 2 years now for the Federal Reserve to bring inflation down and unemployment up. This is what we've been waiting for any why interest rates have been kept > 5% for a couple years (or so) now. If you really think we could get inflation down to 2% without raising unemployment a little I have a bridge to sell you. Theoretically possible, but highly unrealistic. Also, extremely difficult to stick a "soft landing" even though it is a nice goal. Again, not realistic. kamala harris' own ad says she is fighting for an ameria where you only have to have one job to pay the bills doesn't sound like its been working so far Link to comment Share on other sites More sharing options...
red viking Posted August 6 Share Posted August 6 (edited) 1 minute ago, Scouts Honor said: kamala harris' own ad says she is fighting for an ameria where you only have to have one job to pay the bills doesn't sound like its been working so far No; it isn't. Because the Republcans oppose ANY bill that helps middle or lower class. Especially in urban areas. Edited August 6 by red viking Link to comment Share on other sites More sharing options...
Scouts Honor Posted August 6 Share Posted August 6 lol Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted August 6 Share Posted August 6 The market is up today. Does that mean Bidenomics is working now? Should we count the up days and subtract the down days? 1 Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
mspart Posted August 6 Author Share Posted August 6 No, we only count the down days. It's only fair. Ha ha. Biden has staked his presidency on "improving the economy" and has pointed to employment numbers to prove his point. The uptick in unemployment was not huge, but the effect on the market was. A loss of 6.5% in three days is not inconsequential. If you read market news, they are not expecting a bearish trend. mspart Link to comment Share on other sites More sharing options...
billyhoyle Posted August 7 Share Posted August 7 3 hours ago, mspart said: No, we only count the down days. It's only fair. Ha ha. Biden has staked his presidency on "improving the economy" and has pointed to employment numbers to prove his point. The uptick in unemployment was not huge, but the effect on the market was. A loss of 6.5% in three days is not inconsequential. If you read market news, they are not expecting a bearish trend. mspart A loss of 6.5% is definitely inconsequential. The market is still up 10% YTD and 16% over the last 12 months. If a 6.5% correction worries you just because we are back down to a 10% return YTD, you are gambling, not investing. 1 Link to comment Share on other sites More sharing options...
Offthemat Posted August 8 Share Posted August 8 On 8/6/2024 at 4:30 PM, mspart said: No, we only count the down days. It's only fair. Ha ha. Biden has staked his presidency on "improving the economy" and has pointed to employment numbers to prove his point. The uptick in unemployment was not huge, but the effect on the market was. A loss of 6.5% in three days is not inconsequential. If you read market news, they are not expecting a bearish trend. mspart Jamie Dimon says he still sees a recession on the horizon https://www.cnbc.com/2024/08/07/jamie-dimon-still-sees-a-recession-ahead.html Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted Thursday at 06:06 PM Share Posted Thursday at 06:06 PM 18 hours ago, Offthemat said: Jamie Dimon says he still sees a recession on the horizon https://www.cnbc.com/2024/08/07/jamie-dimon-still-sees-a-recession-ahead.html Will it be anything like the recession predicted for 2023? If so, sign me up. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
mspart Posted Thursday at 07:38 PM Author Share Posted Thursday at 07:38 PM On 8/6/2024 at 6:20 PM, billyhoyle said: A loss of 6.5% is definitely inconsequential. The market is still up 10% YTD and 16% over the last 12 months. If a 6.5% correction worries you just because we are back down to a 10% return YTD, you are gambling, not investing. Proably true. I am trying to retire and need the 401K to get to a certain point. I would rather that be in a year or two than 5-7 years from now. So a 6% drop gets me a bit excited. mspart Link to comment Share on other sites More sharing options...
ionel Posted Thursday at 08:03 PM Share Posted Thursday at 08:03 PM 22 minutes ago, mspart said: Proably true. I am trying to retire and need the 401K to get to a certain point. I would rather that be in a year or two than 5-7 years from now. So a 6% drop gets me a bit excited. mspart Have you checked out: Pakistan: A person can live comfortably on under $400 per month? 1 Link to comment Share on other sites More sharing options...
mspart Posted Thursday at 11:14 PM Author Share Posted Thursday at 11:14 PM I could probably do ok over there. Thanks for the tip! mspart Link to comment Share on other sites More sharing options...
billyhoyle Posted Friday at 02:47 AM Share Posted Friday at 02:47 AM (edited) 7 hours ago, mspart said: Proably true. I am trying to retire and need the 401K to get to a certain point. I would rather that be in a year or two than 5-7 years from now. So a 6% drop gets me a bit excited. mspart Being heavily in stocks with money that you absolutely need for retirement a couple years from now is a recipe for disaster. But yeah, there is always Pakistan. Edited Friday at 02:53 AM by billyhoyle Link to comment Share on other sites More sharing options...
scourge165 Posted Friday at 03:16 AM Share Posted Friday at 03:16 AM On 8/5/2024 at 3:41 PM, mspart said: Close for today: That is pretty bad just based off of the unemployment numbers. The whole world is having issues in their markets now. Bidenomics working as promised just not as sold. mspart Do you really think this was based off...unemployment numbers? LOL...no, this was the Bank of Japan raising the interest rates from 0 so that Hedge Funds in the US can't borrow money for free and put into US equities. So...they had a little sell-off. The BOJ has said they won't be raising interest rates. The actual job data came out better than expected. A lot of people temporarily laid off due to weather or weather related disasters, but if you think this was over the JOBS report...you're really missing the plot here. Link to comment Share on other sites More sharing options...
scourge165 Posted Friday at 03:18 AM Share Posted Friday at 03:18 AM 7 hours ago, mspart said: Proably true. I am trying to retire and need the 401K to get to a certain point. I would rather that be in a year or two than 5-7 years from now. So a 6% drop gets me a bit excited. mspart Then I would think you'd be thrilled. What's QQQ up for the year or since '22? Not for nothing, but the 8 largest net drops in the market came under Trump. So...yeah, seems like it's working pretty damn well. Link to comment Share on other sites More sharing options...
scourge165 Posted Friday at 04:32 AM Share Posted Friday at 04:32 AM You don't need to watch the whole thing...but it touches on the Carry trade(and the future of AI which...is what's driven the market). BOJ...again, not raising interest levels past...I thin 1.9%. So...really nothing to see here. Still going to see more money rotating into the Russell I'd guess. Who's President will have a bigger impact in the markets. I don't really know the benefit of Trump this time. Energy would be obvious, but these oil companies are making record profits, we're producing more oil than any country every each year under Biden(most in '21, then '22 beat that, '23...). Harris is better for big Tech...maybe. They're investigating most Mag7 for anti-trust(at least my top 3 or 4, NVDA, AMZN, GOOGL). Link to comment Share on other sites More sharing options...
scourge165 Posted Friday at 12:21 PM Share Posted Friday at 12:21 PM On 8/2/2024 at 12:01 PM, mspart said: Another stellar day of Bidenomics due to crappy employment. From Yahoo Finance. Everyone is in agreement!!!! mspart I noticed there was a lot of comments on here when something totally unrelated to Biden or... really even the US policies caused a ONE-day drop in the market, but...crickets the last week? Link to comment Share on other sites More sharing options...
Scouts Honor Posted Saturday at 02:05 AM Share Posted Saturday at 02:05 AM the dems told us all how great bidenomics was now kamala says this Link to comment Share on other sites More sharing options...
Christian Slack Wasatch via Snow College, Utah Class of 2024 Committed to Utah Valley Projected Weight: 197
Kasey Curtis North Sanpete via Snow College, Utah Class of 2024 Committed to Utah Valley Projected Weight: 133
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