OT How many points does the stock market drop tomorrow?

[SlyPokerDog]

I say 376.

 

[SlyPokerDog]

800+?

 

[Chris Craig]

Stock market to get a pantsing

 

[barfo]

a million billion points

barfo

 

[EL PRESIDENTE]

-400 drop (meaning a gain).

Since the blue wave didn't happen, chances are Trump will be relatively safe the next 2 years. He will have a democratic house, which is more of a check, he will be more centrist.

 

[MARIS61]

6 Red Angus Feeders
https://www.centraloregonlivestockauction.com/

 

[EL PRESIDENTE]

+545.29

Once again, I am in tuned to the real world. Y'all were WAY the fuck off.

 

[barfo]

+545.29

Once again, I am in tuned to the real world. Y'all were WAY the fuck off.

Not me man, I nailed it.

barfo

 

[Chris Craig]

Its going to collapse now

 

[Lanny]

Its going to collapse now

I pulled a shit load of money out of the stock market.

 

[BrianFromWA]

I pulled a shit load of money out of the stock market.

I hope it wasn't when Paul Krugman told us to...

 

[Lanny]

I hope it wasn't when Paul Krugman told us to...

I don't follow him so if it were it would be pure coincidence. Naturally, I see him as brilliant in his area of expertise. You know, the Nobel prize thingy.

 

[BrianFromWA]

I don't follow him so if it were it would be pure coincidence. Naturally, I see him as brilliant in his area of expertise. You know, the Nobel prize thingy.

I don't. But to each their own. He went on a rant on Election Night 2016 saying to pull all your money out b/c the market would tank on economic hardships. You know, his area of expertise. I was tongue-in-cheek saying I hope you didn't pull out of the market when he said to and lose out on ~50% gains over 2 years across the board...

 

[Lanny]

I don't. But to each their own. He went on a rant on Election Night 2016 saying to pull all your money out b/c the market would tank on economic hardships. You know, his area of expertise. I was tongue-in-cheek saying I hope you didn't pull out of the market when he said to and lose out on ~50% gains over 2 years across the board...

I made great gains but now I see trouble on the horizon starting with the trade wars.

 

[EL PRESIDENTE]

I made great gains but now I see trouble on the horizon starting with the trade wars.

You mean the FED raising rates. That's what's gonna do it.

 

[Lanny]

You mean the FED raising rates. That's what's gonna do it.

No, but that could be a factor.
My understanding is that the rate rise is due to wanting to curb inflation by putting a damper on the economy. I'm no economist in spite of taking Econ 101 which was the easiest class I had in college. Easy peasy lemon squeezy 'A'.
We did have some addtional econ. in our engineering classes but I don't even recall anything other than future worth and present worth.
My financial advisor at Merrill Lynch concurs with me so I'm winging it and trying to hold onto my gains.

 

[EL PRESIDENTE]

No, but that could be a factor.
My understanding is that the rate rise is due to wanting to curb inflation by putting a damper on the economy. I'm no economist in spite of taking Econ 101 which was the easiest class I had in college. Easy peasy lemon squeezy 'A'.
We did have some addtional econ. in our engineering classes but I don't even recall anything other than future worth and present worth.
My financial advisor at Merrill Lynch concurs with me so I'm winging it and trying to hold onto my gains.

It, along with QE) are the only reasons the economy has gone up since the housing crash. Last rate increases were prior to the dot com bust.

 

[barfo]

It, along with QE) are the only reasons the economy has gone up since the housing crash. Last rate increases were prior to the dot com bust.

Not correct.

barfo

 

[Lanny]

Not correct.

barfo

Of course the Board of Governors would say that. They're part of the deep state.

 

[EL PRESIDENTE]

Not correct.

barfo

Okay I guess it looks like the economy gets fucked every time the rates go up

 

[barfo]

Okay I guess it looks like an economy gets fucked every time the rates go up

You may want to take an economics class.

barfo

 

[EL PRESIDENTE]

You may want to take an economics class.

barfo

If I did then I guess that just makes me eligible for a bailout

 

[barfo]

If I did then I guess that just makes me eligible for a bailout

Too big to fail doesn't apply to humans. They just get diabetes.

barfo

 

[EL PRESIDENTE]

The rates going up in 1998 or 1999 basically caused the.com crash because money was harder to borrow. And 2005 ish the rates went up and that's where everyone got fucked on the home loans with caused the housing market crash. The problem now is that quantitative easing caused the effects of this to be more spread out.

We are fucked.

 

[EL PRESIDENTE]

Alan Greenspan is the architect of destruction of the US economy

 

[EL PRESIDENTE]

I'm against the tariffs by the way, I just don't think it's going to have a huge effect on the economy versus the FED rates going up

 

[MARIS61]

I'm against the tariffs by the way, I just don't think it's going to have a huge effect on the economy versus the FED rates going up

The Fed is the main weapon of the Deep State. They will do everything they can to keep the masses poor, even at the temporary expense of the 1%ers if necessary.

 

[MARIS61]

You may want to take an economics class.

barfo

That's exactly what they'll teach you there, if they're honest.

 

[EL PRESIDENTE]

The Fed is the main weapon of the Deep State. They will do everything they can to keep the masses poor, even at the temporary expense of the 1%ers if necessary.

They tied the rate hikes to unemployment.