Dow Hits All-Time High!

[Rebound]

The DJIA hit 37,000 today, an all-time high.  
 

Gosh, Republicans, your claims of Bidenomics destroying the economy and destroying America sure don’t look very accurate.  

[sharkman]

Good grief.  Would you please educate yourself?  Go look at any graph that Google brings up, of the DOW during the recessions since the dot com bust.  2001, 2008-9, 2020. 

[robosmith]

35 minutes ago, sharkman said:

Good grief.  Would you please educate yourself?  Go look at any graph that Google brings up, of the DOW during the recessions since the dot com bust.  2001, 2008-9, 2020. 

Do you have a point that you are unable to articulate?

What does the DOW during recessions have to  do with "all time high"?

The DOW has never hit "all time high" during recessions, let alone been higher than 37000 intraday.

At least not in the last 23 years I've been monitoring it.

[BeaverFever]

@sharkman

Trump's Old Stock Market Prediction Comes Back To Haunt Him

The former president's bold claim did not age well.
 

The Dow Jones Industrial Average hit a record high on Wednesday and prompted critics of Donald Trump to remind the former president of previous comments he’s made about the stock market.

Then-President Trump warned voters during a 2020 presidential debate with now-President Joe Biden that the markets would “crash” if Biden won.
 

Other detractors dug up Trump’s April 2019 post on X (formerly Twitter) boasting about the then-record-breaking market and complaining he was under threat of impeachment for trying to extort Ukraine in exchange for dirt on Biden.
 

“You mean the Stock Market hit an all-time record high today and they’re actually talking impeachment!?” he asked. “Will I ever be given credit for anything by the Fake News Media or Radical Liberal Dems?”
 

 

Wednesday’s new market record came as House Republicans voted to launch an impeachment inquiry into Biden, but centered on allegations that are yet to be determined.
 

While the stock market is not the economy and a rising index does not reflect economic hardships, and the markets could take a perilous turn on any day, X users took great delight in throwing Trump’s debate prediction right back at him.

 

https://www.huffpost.com/entry/donald-trump-stock-market-comments_n_657ac095e4b061b3c92e223e

[sharkman]

8 hours ago, robosmith said:

Do you have a point that you are unable to articulate?

What does the DOW during recessions have to  do with "all time high"?

The DOW has never hit "all time high" during recessions, let alone been higher than 37000 intraday.

At least not in the last 23 years I've been monitoring it.

Oh look, the ‘science guy’ is weighing in.  No thanks, science guy, I don’t need advice from someone who bragged about taking “science classes” in college.

[Rebound]

1 hour ago, sharkman said:

Oh look, the ‘science guy’ is weighing in.  No thanks, science guy, I don’t need advice from someone who bragged about taking “science classes” in college.

Did you take any science classes in college? Did you even go to college? Can you read, or do you just use text-to-speech?

[robosmith]

1 hour ago, sharkman said:

Oh look, the ‘science guy’ is weighing in.  No thanks, science guy, I don’t need advice from someone who bragged about taking “science classes” in college.

You seem really defensive. Are you appropriately embarrassed about your ignorance of science?

Here's a clue for you: science has little to do with historical tracking of the DJI.

Now tracking DJI does play a simple ROLE in my deep learning project using Google Tensorflow for PREDICTING the DJI, and that has a lot more to do with the SCIENCE of predictive analytics. Go ahead and google that, so you can catch up. No need to be embarrassed cause MOST people can learn if they TRY.

Now I'll give you some REAL ADVICE: TRY to understand!

Edited December 14, 2023 by robosmith

[Legato]

Well whoopsie doo. The fed said there may be a reduction in interest rates next year and the Dow took off.

All the Biden acolytes crowing from the rooftops. Very shallow.

[robosmith]

3 minutes ago, Legato said:

Well whoopsie doo. The fed said there may be a THEY PLAN reduction in interest rates next year and the Dow took off.

All the Biden acolytes crowing from the rooftops. Very shallow.

FTFY....

Being able to reduce interest rates says inflation has BEEN CHECKED. Duh.

If you're going to slam Biden for inflation that's lower that the rest of the Western world, CONSISTENCY DEMANDS he be given credit for CHECKING IT.

But no one ever credibly accuses right wingers of consistency. ?

[Legato]

15 minutes ago, robosmith said:

FTFY....

Being able to reduce interest rates says inflation has BEEN CHECKED. Duh.

If you're going to slam Biden for inflation that's lower that the rest of the Western world, CONSISTENCY DEMANDS he be given credit for CHECKING IT.

But no one ever credibly accuses right wingers of consistency. ?

Try using that twisted logic at the grocery store where food prices are 11.4% higher. This not all Bidens fault but quit the chest thumping praising  him with lowering inflation.

[robosmith]

5 minutes ago, Legato said:

Try using that twisted logic at the grocery store where food prices are 11.4% higher. This not all Bidens fault but quit the chest thumping praising  him with lowering inflation.

11% higher than WHAT? Whole turkey is $0.59/lb. AKA much lower. I'm seeing rib eye for $5-6/lb.

Gas prices have DECLINED STEEPLY here.

[Legato]

46 minutes ago, robosmith said:

11% higher than WHAT? Whole turkey is $0.59/lb. AKA much lower. I'm seeing rib eye for $5-6/lb.

Gas prices have DECLINED STEEPLY here.

Than 1 year ago, please quit cherry picking we are talking about food prices in general, but you already knew that.

[robosmith]

1 minute ago, Legato said:

Than 1 year ago, please quit cherry picking we are talking about food prices in general, but you already knew that.

I almost never pay "food prices in general." I stock up when ON SALE.

Still have some rib eye steaks in the freezer @ $5/lb 

Of course you have NO DATA for 11% from last year. Official stats are ~7% from last year.

Quote

US Inflation Rate is at 3.14%, compared to 3.24% last month and 7.11% last year. This is lower than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.

 

[CdnFox]

20 hours ago, Rebound said:

The DJIA hit 37,000 today, an all-time high.  
 

Gosh, Republicans, your claims of Bidenomics destroying the economy and destroying America sure don’t look very accurate.  

They certainly do if you look at the underlynig numbers.

If you spend trillions of unearned dollars on the economy you'll get an artificial bump.  But- it's artificial.  And it always leads to higher than needed inflation, and the debt goes through the roof.

I mean - the us could just buy stocks directly and drive stock prices up but that woudln't actually mean the companies were doing well.

In the meantime real wages (after inflation) have gone down substantially.

Remember - the housing market looked the best it ever did in history... right before the bubble burst.  That was democrats too as i recall

[impartialobserver]

while encouraging... should be taken with a grain of sand. Its only one data point amongst many. 

[WestCanMan]

The DOW is going up because the military industrial complex is enjoying their best years since 1938. 

The cost of replacing weapons that Biden left in Afghanistan, plus all the military aid to Ukraine and Israel adds up, right?

Plus the trillions of dollars the Biden gov't spent. 

It's hard for the DOW not to go up when the gov't just spent 2 generations worth of money in 2 years.

[robosmith]

19 minutes ago, WestCanMan said:

The DOW is going up because the military industrial complex is enjoying their best years since 1938. 

The cost of replacing weapons that Biden left in Afghanistan, plus all the military aid to Ukraine and Israel adds up, right?

Plus the trillions of dollars the Biden gov't spent. 

It's hard for the DOW not to go up when the gov't just spent 2 generations worth of money in 2 years.

OTC, it's easy for the DOW to be depressed like it was BEFORE the inflation was CHECKED. AKA, interest rates were high to quell the inflation.

[CdnFox]

11 minutes ago, robosmith said:

OTC, it's easy for the DOW to be depressed like it was BEFORE the inflation was CHECKED. AKA, interest rates were high to quell the inflation.

Interest rates are still high.

But money is flowing in teh economy. And that's what makes stocks go up.  But that money is coming from the gov't. So the problem is it's a bit of a pyramid scheme - the moment the spending stops, there's a crash. 

But biden is hoping that he can stave that off until the next election and nobody will notice till AFTER he's re elected - or if he isn't then trump will get blamed for biden's mess by people like you who don't know how money works