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Thread: Stocks

  1. #601
    Obama wasn't hitting records, just regaining lost ground. Look at a chart for the last 20 years and you'll see the flaw in cherry picking a specific timeline.

    Bottomline Obama wasn't creating wealth, he was repaying the piggy bank.

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  3. #602
    This should show what I mean.... that huge ass dip at the bottom is where your pal begins his data point, which ignores the billions in lost wealth up to that point in time.

    And to be fair a big chuck of that loss of wealth is to be blamed on Bush 43, But Obama was never able to create wealth, he was only able to regain lost wealth.... so you pals chart is apples to oranges....

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  4. #603

  5. #604
    Quote Originally Posted by Iceaxe View Post
    ...Obama was never able to create wealth

    It's because he didn't have a magic wand.

    https://thehill.com/blogs/blog-brief...nd-do-you-have
    It's only "science" if it supports the narrative.

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  7. #605
    Quote Originally Posted by rockgremlin View Post
    It's because he didn't have a magic wand.

    https://thehill.com/blogs/blog-brief...nd-do-you-have
    Funny that Trumps magic wand ended up just being a telephone.

  8. #606
    Quote Originally Posted by accadacca View Post
    FWIW, here is the article he cited.

    http://fortune.com/2019/06/03/stock-...d64KmKGbaQWEpY
    I don't give a shit what he referenced... I gave you facts. The chart I post is not cherry picked, it's just a simple chart of the past 20 years. Any idiot should be able to read it.

  9. #607
    #LetsGoBrandon BasinCruiser's Avatar
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    ALso, weren't Obama's 'gains' largely inflated due to bail-outs footed by taxpayers? How well would those gains have been without dumping billions of tax payer $ into the market to help recover from the recession?

  10. #608
    Bogley BigShot oldno7's Avatar
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    Correlation doesn't equal causation,ie.

    obama came on the seen during a great depression, that is not argued.

    The stock market---not the country, rebounded, not due to any program or regulation put in place by xero.

    The country had record high inflation(printing too much money), and a shrinking GDP

    Those things measure the status of a countries prosperity.

    Bailing out GM was a fail, they're right back in the same boat now(kicking the can down the road is not considered sound policy)

    Sending Billions of dollars to iran, does nothing to stimulate the economy, the inverse could be argued.

    Letting solyndra walk with 500 million, is not sound policy that stimulates the economy.

    On the other hand--Trump has enacted policy after policy on trade and tariffs, doing what no other of the past 4 presidents, were smart enough to do(he has a magic wand)

    The economy is booming BECAUSE of Donald Trump, not in spite of him as in the case of obama.
    I'm not Spartacus


    It'll come back.


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    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  11. #609
    Looks like we're about to make more history in the stockmarket today.

    This should be fun watching the Trumpian up trends.....Try as they might, Democrats can't seem to talk this economy down and keep it contained.....Investors know what's up...

  12. #610
    Quote Originally Posted by Iceaxe View Post
    Try as they might, Democrats can't seem to talk this economy down and keep it contained.....Investors know what's up...
    The key fact Dems/leftists/socialists don't understand about tax cuts, and specifically corp tax cuts as done here, is the compounding effect. If the cut was $300 billion worth in year 1 (or whatever it was), that is infinitely more valuable as it compounds transaction after transaction, year after year, than merely $300 billion in spending. They fundamentally do not get that.

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  14. #611
    That BOOM you heard today was the major stock indexes setting all time record highs.

    Is Obama still trying to claim credit for our record setting economy? Asking for a friend.

  15. #612
    Quote Originally Posted by Iceaxe View Post
    That BOOM you heard today was the major stock indexes setting all time record highs.

    Is Obama still trying to claim credit for our record setting economy? Asking for a friend.
    ....unless you're investing in cannabis stocks, which are currently in the middle of a three month downturn.

    I think the cannabis sector will probably bounce back this Fall, just in time for the holidays. For now, it ain't pretty.
    It's only "science" if it supports the narrative.

  16. #613

  17. #614
    Bogley BigShot oldno7's Avatar
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    Quote Originally Posted by accadacca View Post
    I'm not Spartacus


    It'll come back.


    Professional Mangler of Grammar

    Guns don't kill people--Static Ropes Do!!

    Who Is John Galt?

  18. #615
    Quote Originally Posted by accadacca View Post





    It's only "science" if it supports the narrative.

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  20. #616
    Good time to buy stocks!


    Climb-Utah.com

  21. #617
    Looks like stocks are going to be on sale.

  22. #618
    With today's stockmarket panic my stock portfolio is now only up 17% for the year to date.... Hahaha....

    I'm shopping this low for good buys... YMMV

    Climb-Utah.com

  23. #619
    Quote Originally Posted by accadacca View Post
    ^^^So where is old Negative Nellie when the stock market goes on an upwards terror?




    Climb-Utah.com

  24. #620
    Yup -- up over 400 points today so far.
    It's only "science" if it supports the narrative.

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