Moneymoney

Fri Mar 8, 2019, 05:53 PM

DOW 25450 for Friday 3-8-19

Previous close 25473. 52 wk high 26951. 52 wk low 21912. Today's low 25252. High 25466.

Last Friday close 26026

NASDAQ : 7408 ▼

S&P : 2743 ▼

Soybeans : 8.83 ▼

Enjoy the weekend everybody. First day of Spring is March 20th.

6 replies, 224 views

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Reply DOW 25450 for Friday 3-8-19 (Original post)
uncledad Mar 2019 OP
Isidore Mar 2019 #1
uncledad Mar 2019 #2
Isidore Mar 2019 #3
uncledad Mar 2019 #4
Isidore Mar 2019 #5
uncledad Mar 2019 #6

Response to uncledad (Original post)

Sat Mar 9, 2019, 02:40 PM

1. I'm not sure what to make of this.

The stock market is going down, so it must be related to the House being in Democratic hands. But is the drop primarily because of something Pelosi or AOC did? Perhaps it is a reaction to the controversy surrounding Omar.

I wish someone here would reply to explain it all.

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Response to Isidore (Reply #1)

Sat Mar 9, 2019, 04:17 PM

2. No takers?

A long shot guess on my part, politically 2020 will go Dems...

The money holders hear the "socialism" is coming for them.

Omar is one more distraction.

One too many red lines crossed that passed the WH time line. Trade deal. NK. Wall. Health care.

After the roll back of regulations and the corportae tax cut, that goose laid its one and only golden egg.

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Response to uncledad (Reply #2)

Sun Mar 10, 2019, 11:11 AM

3. One of your Dow threads just felt empty without 'imwithfred' imparting his nonsensical ruminations.

I guess I was hoping he wasn't going to stop.

Trying to read the tea leaves of small day to day movements of the market seems unproductive to me - but I don't really follow it closely anyway.
________

On a different topic, the forecasts for 2019 Q1 GDP are not looking promising. The Atlanta Fed has it at 0.5 percent, the NY Fed at 1.4 percent. Last quarter's number was a little higher than expected, I think you are right that they will revise it down in the near future - but I'm still going to blame that on the erratic data reporting due to the shutdown. I guess we'll see when the numbers come out for the upcoming year.

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Response to Isidore (Reply #3)

Sun Mar 10, 2019, 11:46 AM

4. It's a fun exchange.

Money is an orphan forum.

On the off topic, I had thought that inflation would have made its way back into the economy by now.

The deflation in the economy from the great recession lingers on.

The FED went Japanese on financials and will keep the economy on life support. So, 0.5 to 1.4 is the new normal.

The lights are still on. I suppose we should be grateful.

That 304,000 jobs print in January was "erratic data reporting " IMHO.

It's always good to see you.

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Response to uncledad (Reply #4)

Sun Mar 10, 2019, 12:15 PM

5. I admit, I find it amusing.

This forum used to be much more active. Perhaps without Obama's economic numbers to complain about, there isn't much to say.

Actually, the whole website is way less active than it used to be. Frankly the number of interesting people capable of having discussions has been trending down for a long time. It can still be entertaining though.

I was kinda hoping the 20,000 jobs number was the aberration. This upcoming year is probably going be somewhat disappointing to many here - real annual GDP growth under 3% is almost a certainty.

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Response to Isidore (Reply #5)

Sun Mar 10, 2019, 03:30 PM

6. DI has lost too many members. Alert system failure.

The sock draw remains full up here. DU lost many good voices to the HoF Clintonistas purges.

I left after some very enjoyable people were axed. This place was more entertaining.

The balance of left right is off kilter.

There in lies the lack of interesting people capable of discussion in left column.

The right side goes back and forth depending on the subject and the time of day.

New membership was abated by the ownership awhile ago, so I'm told.

GDP: 1.30 to 2.25 for 2019 with a little luck...

Nothing like going into an election cycle with a down trend in the economy.

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Moneymoney