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Thread: Are We Headed For A Bear Market?

  1. #51
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    What happened to debt as a % of GDP under Obama?

    In 2016 Obama added $1,400 billion to the debt, in 2017 Trump added $666 billion. Trump won't get close to $1,400 billion in 2018, even with the tax cuts.

    There's is no way Trump will top Obama, the king of debt.
    Man, you REALLY don't understand the concept of the FISCAL year, do you? Wow. Just, wow.

  2. #52
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by aboutenough View Post
    We have had the debt problem for some time and it wasn't just caused by Trumps tax cut. Came from lots of other things, such as wars. Trumps idea with tax cuts is to jump start our economy so the prosperity increases our GDP , hence more taxes paid into the system. Its a gamble, but I think its a gamble worth taking. Trump is trying to get more production happening again in America, so jobs equal more tax payers. The tariffs is just his way of leveling the playing field, so companies keep their production here instead of going oversea's.
    Did you not hear General Motors pointed warning to Trump today? They said his tariffs will force them to sharply cut BACK on jobs here in America. Sigh. Some people just NEVER learn the lessons of history. Tariffs DESTROY jobs. They do NOT protect jobs.

  3. #53
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    Quote Originally Posted by Miller47 View Post
    I hope you are right.

    Because a rising stock market is good for America.

    No matter who is president.

    Of course there will always be some like Bill Maher, who wants the economy to crash, and another recession to occur, just because of his hatred for Trump.

    Some of our members want the same.

    That's pretty anti American right there...
    Unless it's another stinking bubble in this case induced by the short term gains of the ludicrous tax cuts.

    Anyone remember the "irrational exuberance" of the dot.com fiasco and its outcome?

  4. #54
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    Quote Originally Posted by BigLeRoy View Post
    Man, you REALLY don't understand the concept of the FISCAL year, do you? Wow. Just, wow.
    FY 2016 ran from Oct 1 2015 thru Sept 30 2016, in your world what was the change in the national debt over that period?

  5. #55
    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    Did you not hear General Motors pointed warning to Trump today? They said his tariffs will force them to sharply cut BACK on jobs here in America. Sigh. Some people just NEVER learn the lessons of history. Tariffs DESTROY jobs. They do NOT protect jobs.
    I agree, I am not supportive of Tariffs. I know Trump is trying to keep jobs local, but don't think his plan for doing it is working. Wish he would consult with Larry Kudlow

  6. #56
    Junior Member Two If By Tea's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    We could be. By the end of the summer, and especially if our trade war with China, Europe, Canada, Mexico, Japan, Australia, and other countries continues to heat up, we very well could be.

    We are already close to correction territory on the Dow, from the high it reached in late January of this year, when it topped out at 26616.71 on January 26 (2018). The Dow closed today at 24117.59, which is 90.61% of its January high. Not quite a 10% drop from the high, but getting close. Another bad few days could certainly put us into correction territory, and then another 10% drop would mark a crash, and mean that we are in a bear market.

    No one who has any sense of stock market history should be surprised by this: Trade wars lead to bear markets.

    That high in the stock market we saw last January? That was PROBABLY the high point for the stock market, for as long as Donald Trump is President. That's my prediction. You've already seen the high point, as far as the stock market is concerned, for the Trump Presidency.
    I shall tell ya one thing pal..

    On the news oh my gosh stocks tumbeld 2/3 hundred points.

    On a valation of 23/24k thats barely a blip..

    Yet on the Nighy News theyll say stocks tumbled 1/2 hunndred points like its a crisis..

    Do understand the magnitude and velocity of a DOW at 25 Thousand

  7. #57
    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Libertine View Post
    FY 2016 ran from Oct 1 2015 thru Sept 30 2016, in your world what was the change in the national debt over that period?
    Yes, so Fiscal Year 2017 ran from October 1, 2016 through September 30, 2017, and THAT was the last budget year for Obama. Answer your own question for that time period. Duh!!
    Thanks from Friday13

  8. #58
    Radical Centrist BigLeRoy's Avatar
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    For those who are interested in such things, the Shiller P/E ratio is showing that the S&P 500 is WILDLY overvalued these days:

    https://www.gurufocus.com/shiller-PE.php
    Thanks from aboutenough

  9. #59
    Veteran Member aboutenough's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    For those who are interested in such things, the Shiller P/E ratio is showing that the S&P 500 is WILDLY overvalued these days:

    https://www.gurufocus.com/shiller-PE.php
    Thanks for the tip. I just invested in a S&P 500 fund and was questioning it. Thinking about moving it over to dividend fund for a guaranteed income, just in case the market takes a dive
    Thanks from BigLeRoy

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    Quote Originally Posted by BigLeRoy View Post
    Yes, so Fiscal Year 2017 ran from October 1, 2016 through September 30, 2017, and THAT was the last budget year for Obama. Answer your own question for that time period. Duh!!
    So how much was added to the national debt in FY2016? The last full year Obama was in office?

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