Sideliner Posted February 3, 2018 Share Posted February 3, 2018 Biggest one day drop in stock market since 2008! Thanks Trump! Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 3, 2018 Author Share Posted February 3, 2018 (edited) 37 minutes ago, Sideliner said: Biggest one day drop in stock market since 2008! Thanks Trump! That was caused by a few big companies with ultra-liberal CEOs to coincide with the State of the Union speech to create controversy ... nothing but a publicity stunt ... Edited February 3, 2018 by KirtFalcon Link to comment Share on other sites More sharing options...
Sideliner Posted February 3, 2018 Share Posted February 3, 2018 You should be a stock broker with all the insight you have... 1 Link to comment Share on other sites More sharing options...
KirtFalcon Posted February 3, 2018 Author Share Posted February 3, 2018 51 minutes ago, Sideliner said: You should be a stock broker with all the insight you have... I am my own "stock broker" and have done quite well over the last 40 years, I might add ... Link to comment Share on other sites More sharing options...
TheShadowKnows Posted February 4, 2018 Share Posted February 4, 2018 Is economic INEQUALITY a MORAL problem? The perennial debate about income and wealth inequality is purposely enflamed by a political-rocket-fuel mix of virtue-signaling and class-envy. To make any sense, a discussion of moral economy must start with accurate definitions: * Wealth is not a resource, but a RESULT of economic activity - activity that creates VALUE. * Money is a store of the value created by economic activity. * Wealth, an accumulation of created value. Those who seek to control and engineer society promote a "limited resource" definition of wealth because, were it so, that might justify authorizing a benevolent gov't (does such exist?) to "make sure everyone gets a 'fair share.'" This positions the gov't as the owner and rightful steward of every bit of value created by the people. So consequential a lie - one that so well serves the purposes of consolidating power to the hands of the elite - could not be mere ignorance! It's on we students of Sowell, Friedman and other Economists to debunk this junk. We're each EMPOWERED by our own faculties to create VALUE.. Our inherent liberties to create, own, store and trade on the value we create are the essence of a free society. The greatest danger to liberty is economic illiteracy. Link to comment Share on other sites More sharing options...
DaveTV1 Posted February 5, 2018 Share Posted February 5, 2018 To a degree yes, if you read the scriptures. We are taught to give to the needy if we have the means to do so. That doesn't mean that we have to give until we are living in poverty as they are. Link to comment Share on other sites More sharing options...
EnjoyLife Posted February 5, 2018 Share Posted February 5, 2018 Only if the wealthy and powerful use their wealth and power to influence legislation that ensures more wealth flows to the top. Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 5, 2018 Share Posted February 5, 2018 No, it is not...... Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 5, 2018 Share Posted February 5, 2018 49 minutes ago, DaveTV1 said: To a degree yes, if you read the scriptures. We are taught to give to the needy if we have the means to do so. That doesn't mean that we have to give until we are living in poverty as they are. Matthew 26:11 English Standard Version (ESV) 11 For you always have the poor with you, but you will not always have me. Link to comment Share on other sites More sharing options...
Coach Rab Posted February 5, 2018 Share Posted February 5, 2018 50 minutes ago, DaveTV1 said: To a degree yes, if you read the scriptures. We are taught to give to the needy if we have the means to do so. That doesn't mean that we have to give until we are living in poverty as they are. Jesus wasn’t a socialist though. He encouraged the rich to give to the poor, but not to make the poor rich or their equal. Simply to help those in need. The thought of these socialist democratic morons is that “we take away from the wealthy and distribute it evenly to the poor.” (Robin Hood anyone?). For the government and people wanting to take wealth from someone who is not willing to give it is as morally wrong than the man who earned his wealth and refuses to help those in need. JMHO 1 Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 5, 2018 Share Posted February 5, 2018 http://www.wnd.com/2018/02/u-s-city-to-experiment-with-universal-basic-income/ Link to comment Share on other sites More sharing options...
RETIREDFAN1 Posted February 5, 2018 Share Posted February 5, 2018 http://theweek.com/speedreads/752743/dnc-reportedly-dead-broke-rnc-nearly-40-million Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 The Feds are raising interest rates saying there is too much money in the market. President Trump cuts taxes by 1.5 Trillion, and announces 1.5 trillion dollars more for infrastructure spending. That is 3 trillion dollars added to the market. Two totally different policies resulting in the stock market going down. Stock market hates uncertainty. 1 Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 Down as much as a thousand points today alone. 1 Link to comment Share on other sites More sharing options...
trueblue82 Posted February 5, 2018 Share Posted February 5, 2018 Your point? Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 Trump takes credit when the stock market goes up. Does Trump take credit when the market heads down ? 1 Link to comment Share on other sites More sharing options...
Wild74 Posted February 5, 2018 Share Posted February 5, 2018 18 minutes ago, CENTEXFAN said: Trump takes credit when the stock market goes up. Does Trump take credit when the market heads down ? Yes he gets credit that means that bonds are going up and I have a lot in bonds......... Link to comment Share on other sites More sharing options...
Wild74 Posted February 5, 2018 Share Posted February 5, 2018 Then again If I had a lot in the other it would be time to buy cheap because after the profiteers are through it will come back always has Link to comment Share on other sites More sharing options...
Coach Rab Posted February 5, 2018 Share Posted February 5, 2018 2 minutes ago, Wild74 said: Yes he gets credit that means that bonds are going up and I have a lot in bonds......... Bonds= safest bet... They don't lose value... 1 Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 57 minutes ago, MavGrad99 said: Bonds= safest bet... They don't lose value... 1 hour ago, Wild74 said: Yes he gets credit that means that bonds are going up and I have a lot in bonds......... I'm in the positive territory myself money wise. I'm tired of being punished with low interest rates for staying within my budget. 1 Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 1 hour ago, Wild74 said: Then again If I had a lot in the other it would be time to buy cheap because after the profiteers are through it will come back always has The trick is get in near the bottom. My opinion it is not near the bottom yet. The market will not go down every day, but the long term trend maybe downward. Huge different philosophies between the Feds and President Trump. . 1 Link to comment Share on other sites More sharing options...
CENTEXFAN Posted February 5, 2018 Share Posted February 5, 2018 Trump tweeted 25 February 2015 - If Dow Joans ever falls more than 1000 point in a single day. The president should loaded into a very big cannon, and shot into the sun at tremendous speed ! NO EXCUSES ! 1 Link to comment Share on other sites More sharing options...
Wild74 Posted February 5, 2018 Share Posted February 5, 2018 47 minutes ago, CENTEXFAN said: Trump tweeted 25 February 2015 - If Dow Joans ever falls more than 1000 point in a single day. The president should loaded into a very big cannon, and shot into the sun at tremendous speed ! NO EXCUSES ! What has spooked them is the economy is doing really well and the fed wants to raise interest rates to stop inflation, so they say Link to comment Share on other sites More sharing options...
DaveTV1 Posted February 5, 2018 Share Posted February 5, 2018 3 hours ago, CENTEXFAN said: Trump takes credit when the stock market goes up. Does Trump take credit when the market heads down ? In a way he does, but I can't judge it based on one day. There have been days it went south before, and then popped back up three days later. I'd have to see what happens in a month to say if it's going to keep falling. As one poster pointed out many sell stocks when they are high, and when they fall they purchase them back up. I used to do the same thing with Reynolds Metals. In the summer I would sell, because it would go up for obvious reasons. In the winter it would fall for those same reasons. Link to comment Share on other sites More sharing options...
DaveTV1 Posted February 6, 2018 Share Posted February 6, 2018 Insuring poverty for all. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now