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Thread: Steve Rattner MSNBC Genius

  1. #1
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    Steve Rattner MSNBC Genius

    Steve Rattner who is an "Economic Analyst on MSNBC's Morning Joe, and is a contributing writer to the New York Times Op Ed page" mad a famous prediction on the eve of the presidential election.

    He said "So if Mr Trump were to win, I think you would see a massive downturn in the market the next day, at this point. If Hillary Clinton wins, probably not that much of an upturn."

    And he could not have been more wrong.

    That's good ole MSNBC Morning Joe analysis for ya right there...

    To paraphrase: "If Trump wins, a massive downturn in the market the next day".

    There is wrong and there is Steve Rattner wrong, which is about as wrong as it gets.

  2. #2
    Dick with my Buzz...Try DebateDrone's Avatar
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    Wait a minute. Didn't Krugman make the same prediction? are we seriously going to visit every one that made a bad prediction before the election?

    PH. Raise your hand if you believed HRC had no possible way of losing/


    See...we all make mistakes.

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    Quote Originally Posted by DebateDrone View Post
    Wait a minute. Didn't Krugman make the same prediction? are we seriously going to visit every one that made a bad prediction before the election?

    PH. Raise your hand if you believed HRC had no possible way of losing/


    See...we all make mistakes.
    I was wrong about HRC losing the election.

    Difference is I'm not a talking head on MSNBC who humiliated himself, like Steve Rattner did.

  4. #4
    Member Claudius the God's Avatar
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    Anyone predicting the stock market is going to be wrong anyway. Hell, I sold most of my holdings the day after the election due to fears of what he might do. I missed out on some returns but at least I rested easy. The stock market cannot rise forever, sooner or later there will be a correction and all of us will be the marks that sell at the bottom of that correction. The market makers will skim each of us while they protect themselves.

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    Undercovfefe Agents TennesseeRain's Avatar
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    Quote Originally Posted by TennesseeRain View Post
    Krugman is a maroon.

    He proved it, yet again...

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    Quote Originally Posted by Claudius the God View Post
    Anyone predicting the stock market is going to be wrong anyway. Hell, I sold most of my holdings the day after the election due to fears of what he might do. I missed out on some returns but at least I rested easy. The stock market cannot rise forever, sooner or later there will be a correction and all of us will be the marks that sell at the bottom of that correction. The market makers will skim each of us while they protect themselves.
    There's ALWAYS a correction ahead of us.

    An upward correction or a downward correction?

    How far ahead?

    Next week, next year, 5 more years?

    No one knows, so it's best to have a sound plan and stick with it...

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    Quote Originally Posted by Claudius the God View Post
    Anyone predicting the stock market is going to be wrong anyway. Hell, I sold most of my holdings the day after the election due to fears of what he might do. I missed out on some returns but at least I rested easy. The stock market cannot rise forever, sooner or later there will be a correction and all of us will be the marks that sell at the bottom of that correction. The market makers will skim each of us while they protect themselves.
    Ouch you would have had 30%+ wealth had you not cashed out on rode the Trump train.

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    Veteran Member cpicturetaker12's Avatar
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    Quote Originally Posted by Miller47 View Post
    I was wrong about HRC losing the election.

    Difference is I'm not a talking head on MSNBC who humiliated himself, like Steve Rattner did.
    Any and every person who predicts the market humiliates him\herself! Period.

  10. #10
    Veteran Member TNVolunteer73's Avatar
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    Quote Originally Posted by cpicturetaker12 View Post
    Any and every person who predicts the market humiliates him\herself! Period.
    Not really if you had 1/2 a Brain you would have known that in 2000 tech markets would dry up.

    you would have know that Union jobs (Auto, Steel ect would take a hit as well as public sector jobs in some regions would take) because of increases in minimum wages.

    Even Bush warned us of the issues with Subprime loans while the Democrats opposed regulating fanny and Freddie loan practices.

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