No lefties, the DOW isn't "the worst since 2008" - refuting their misleading narrative

One of the newest talking points from the left wing involves a continual attack on Trump's economy and booming stock markets. I won't focus on their personal wishes/hopes to see the market tank (mainly because so few of them even have a portfolio), and instead on their false narrative that the stock market today can even be compared with the Clinton/Bush/Obama market.

Simply put: it can't. DJIA is soaring, despite significant percentage based fluctuations. However, this is the same abuse of logic/fact they use when they attempt to falsely conflate suicides/justified shootings with "gun violence" deaths

Here is a screen shot, from their best friend Google.





files.abovetopsecret.com...

Sorry lefties, Obama is still a failure and leftist economic theories (AKA whatever they feel like making up that day) still make no sense and fail in the real world free market.

a reply to: JBurns

That should be spelled "lefty's".

A lot of money was made by a lot of people in the markets from 2008 to 2018. I hope it crashes hard again...thereby creating another great investment opportunity. Buy Low, sell High.

It was at 19,827.25 on Inauguration Day. Nevermind that fact that the fed has raised rates 10X what they were during Obama's entire 8 years in office. The fed also added about 3.5 Trillion into the stock market while Obama was in office. Lets add that much to the market now from the fed and drop the rates down to .25% again and see how Trumps stock market is doing compared to Obama's.

It wasn't too long ago that Obama, in reference to the economy, said "That was me". Just blame it on him.

You clearly have no idea what's driving the economy

a reply to: toysforadults

And that has what to do with the DJIA? Or the fact that the left's talking point of "the DOW is at its worse since 2008" is provably wrong. Simply looking at the chart shows a much clearer picture, along with the stagnation present all throughout the wasted Bush/Obama years. Trump steps into the picture (along with other factors, obviously) and those numbers sky rocket.

No, it isn't solely Trump. It is common sense Republican pro-business deregulated economics.

a reply to: JBurns

Can you specifically cite where they say “the worst since 2008”?

Because from what I read, they’re saying “It was its worst percentage drop since October 2008.” Speaking about a week ending drop.

See how a bit of context changes things?

So who’s REALLY being misleading here?

originally posted by: JBurns
a reply to: toysforadults

And that has what to do with the DJIA? Or the fact that the left's talking point of "the DOW is at its worse since 2008" is provably wrong. Simply looking at the chart shows a much clearer picture, along with the stagnation present all throughout the wasted Bush/Obama years. Trump steps into the picture (along with other factors, obviously) and those numbers sky rocket.

No, it isn't solely Trump. It is common sense Republican pro-business deregulated economics.

The graph in your OP shows the Dow increasing pretty much throughout the entire Obama Presidency...

Also the Dow grew at a faster rate during the equivalent period under Obama.

a reply to: JBurns

I don't think you understand the news stories you've been readinlg...

www.marketwatch.com...

U.S. stocks closed steeply lower Friday, as investors remained gripped by fears of a partial government shutdown, rising interest rates and slowing global growth, helping punctuate five days of selling that ranks as the Dow’s worst week since the height of the financial crisis in October of 2008.

Seems pretty straightforward and clear to me and not at all what you said in your op...

a reply to: JBurns

I don't care what you say. I'm out of the mkt. Trickle down has never worked and trump can't make it work this time; coupled with a trade war, it's gonna get ugly.

Anyone with any sense at all will get out while they still can.


www.guggenheiminvestments.com...

a reply to: IgnoranceIsntBlisss

well its tough you cant be a financial genius and spell too.

a reply to: JBurns

just glancing at the DOW and assuming everything is great is ridiculous there is major systemic problems that aren't being discussed such as the massive amounts of debt everyone from business to personal has taken on to sustain the inflation

DOW gud so duh economy gud

thats just way to simple, no underlying issues have been addressed or changed or fundamentally altered to actually affect the economy

I am not a Trump fan or a hater.

To me, the graph looks to represent a steady trajectory from left to right. It is definitely the highest right now. Sure there are corrections and hiccups. Pretty normal stuff.

However, I will offer an observation from my unassailable, highly technical data set (my FB feed). The Trump haters will simply put down anything "related" to the man. Sun spot activity increasing? It's because Trump hates those sensitive to excessive UV. Total fact.

I also need to add another immutable law from my data set. During the Obama years, it was Obama who wanted people to die from skin cancer according to the Obama haters. It was the 11th Commandment if you're counting.

I never knew the Executive Branch was responsible for so much.

Yes..this was the worst week for the Dow since 2008, which is what is being said. Not necessarily that the market is the worst its been since 2008. Though im not sure thats not true at the moment either. The stock market is not in a good place for the short term future right now. As I saw in another post here, leisure sales are still doing ok and people are still shopping, but housing and car sales are starting to falter which can be early indices of a decline. JPMorgan for the first time in 10 years came out and said that the US Dollar is a better investment than holding stocks. The NASDAQ I believe has already hit the % of losses that would declare it a bear market. Even throwing out the fundamental analysis, the run we've been on can't be sustained for ever and we are overdue. We've been on a pretty parabolic run up and generally those are met with harder crashes which leads to believe me to believe if the bottom does fall out here it may be very painful.

There is a huge amount of uncertainty and confusion out there right now, even for the people that think everything is going great in the White House, im seeing questioning and worrying everywhere, especially among people involved in the markets.

originally posted by: Middleoftheroad
It was at 19,827.25 on Inauguration Day. Nevermind that fact that the fed has raised rates 10X what they were during Obama's entire 8 years in office. The fed also added about 3.5 Trillion into the stock market while Obama was in office. Lets add that much to the market now from the fed and drop the rates down to .25% again and see how Trumps stock market is doing compared to Obama's.

PRECISELY !

a reply to: JBurns

The crash in 2008 is still in order,it has just been put off,why wars are starting,the petro dollar is crashing,the Stock exchange is a fakery with bailout money,just a chance for corporation to try and get blood out of a turnip

a reply to: JBurns

a reply to: JBurns


Just so you know, I have FOX news on right now, and they litterally just said. "worst market since 1931". I am not going to fact check, you or them. I am smart enought to know, the market is not doing well, to say the least!

originally posted by: olaru12
a reply to: JBurns

I don't care what you say. I'm out of the mkt. Trickle down has never worked and trump can't make it work this time; coupled with a trade war, it's gonna get ugly.

Anyone with any sense at all will get out while they still can.


www.guggenheiminvestments.com...

Exactly.
Trickle down economics is a failure.
I am more concerned with main street anyways over the gamblers in the stock market casino. Give it time and they will be crying for another freebie bailout.