Stock Market

[bikerboy1951]

I watch ABC and NBC national news every night.  I don't agree with their politics but they do run other stories also which I find interesting. Neither network has reported on the stock market for at least the past couple of months.
The stock market is at all time highs. New records are set almost every day. The value of the stock market since President Trump took office has increased over 11 trillion dollars.
And never a word on something that is newsworthy.
But then that doesn't fit what they are trying to portray.  A recession would be a godsend and then you can bet it would be reported each and every day.
Every network whether national or cable has a bias in their reporting but some sort of balance would be nice.
I learned a long time ago that not everything is bad and not everything is good.  Report that facts and let the people decide.

Brad

[J.Mencalice]

I watch ABC and NBC national news every night.  I don't agree with their politics but they do run other stories also which I find interesting. Neither network has reported on the stock market for at least the past couple of months.
The stock market is at all time highs. New records are set almost every day. The value of the stock market since President Trump took office has increased over 11 trillion dollars.
And never a word on something that is newsworthy.
But then that doesn't fit what they are trying to portray.  A recession would be a godsend and then you can bet it would be reported each and every day.
Every network whether national or cable has a bias in their reporting but some sort of balance would be nice.
I learned a long time ago that not everything is bad and not everything is good.  Report that facts and let the people decide.

Brad

Try PBS with the "Nightly Business Report" if you want unbiased tracking of the markets without the slant from Fox Business or CNBC.

[old2soon]

     My blood pressure is so danged high cuz of all the salt I consume with the "news"! RIDE SAFE.

[JimmyG]

The illusory truth effect (also known as the validity effect, truth effect, or the reiteration effect) is the tendency to believe false information to be correct after repeated exposure.[1] This phenomenon was first identified in a 1977 study at Villanova University and Temple University.[2][3] When truth is assessed, people rely on whether the information is in line with their understanding or if it feels familiar. The first condition is logical, as people compare new information with what they already know to be true. Repetition makes statements easier to process relative to new, unrepeated statements, leading people to believe that the repeated conclusion is more truthful. The illusory truth effect has also been linked to "hindsight bias", in which the recollection of confidence is skewed after the truth has been received.

In a 2015 study, researchers discovered that familiarity can overpower rationality and that repetitively hearing that a certain fact is wrong can affect the hearer's beliefs.[4] Researchers attributed the illusory truth effect's impact on participants who knew the correct answer to begin with, but were persuaded to believe otherwise through the repetition of a falsehood, to "processing fluency".

The illusory truth effect plays a significant role in such fields as election campaigns, advertising, news media, and political propaganda.

[MAD6Gun]

  Bill Maher said not to long ago that what this country needs is a recession to get Trump out. Funny that ass would say that because he's rich enough it wouldn't hurt him. But the American economy would be destroyed.

  In my opinion this is like wanting the airplane you're on to crash because you hate the pilot. 

What I want to know is what kind of brainless twit would vote for the likes of Berney who has said your taxes are going to go up if he wins. Who wants this?

[Oss]

people who do NOT pay taxes

Our young people many of whom have zero knowledge of even recent global history, let alone the bloodletting of Russia and China in the "name" of socialism or communism

We should have all kids with this mind set spend some time in a truly socialist or communist country so they can see the ghost of Christmas future is not what they would expect

Kids who have never grown up without air conditioning, expecting a participation award and instant gratification and who have never been truly wanting for basics of survival are ill equipped to deal with the crap they hear in college campus, from social media.

All I could do to teach my kids and thankfull they understand and know this is BS

[MAD6Gun]

people who do NOT pay taxes

Our young people many of whom have zero knowledge of even recent global history, let alone the bloodletting of Russia and China in the "name" of socialism or communism

We should have all kids with this mind set spend some time in a truly socialist or communist country so they can see the ghost of Christmas future is not what they would expect

Kids who have never grown up without air conditioning, expecting a participation award and instant gratification and who have never been truly wanting for basics of survival are ill equipped to deal with the crap they hear in college campus, from social media.

All I could do to teach my kids and thankfull they understand and know this is BS

Well said Even.....

[Pappy!]

people who do NOT pay taxes

Kids who have never grown up without air conditioning, expecting a participation award and instant gratification and who have never been truly wanting for basics of survival are ill equipped to deal with the crap they hear in college campus, from social media.

Am a firm believer this has been fully planned out in our educational system for a long time now.
(Too many) Kids today truly have no clue.

[Savago]

If you are wondering *why* the stocks are climbing, may be worthwhile to read this (I saw almost no information on this subject in the news):
https://fortune.com/2019/09/23/repo-market-big-deal-400-billion-bailout-unnerving/
https://markets.businessinsider.com/news/stocks/fed-repo-injects-another-75-billion-into-market-4th-day-2019-9-1028541586
https://www.wsj.com/articles/fed-adds-93-5-billion-to-financial-system-in-latest-repo-transaction-11574696332

Basically FED is making money rain in the market since last September... because everything is fine, nothing to see here.


If you have a 401K and managed to recover the losses from last December, it may be a good time to rebalance it and choose a more conservative fund.

[Savago]

Sorry for bringing a dead thread back to life, but I hope that people with 401K/stocks made the proper changes to avoid exposure to risk as I've suggested.

I did so back in early December and I'm weathering the stocks down movement just fine.

[crow]

Don't know about NBC, but ABC, reports the NYSE and the NASDAQ  close every single  night!

[Davemn]

Sorry for bringing a dead thread back to life, but I hope that people with 401K/stocks made the proper changes to avoid exposure to risk as I've suggested.

I did so back in early December and I'm weathering the stocks down movement just fine.

The S&P 500 was at 3176 on 12-1-19
Yesterday it closed at 3129.

[Oss]

S&P was at 2164 on Nov 1 2016  before the country put our Potus in office  it is at 3130.12 right now about 50 per cent higher

What is your point Dave?  

Daily Market corrections are historical and can result from institutional profit taking,
speculation and manipulation by large traders with agendas (such as the silver fiasco)

Bottom line is the market  is up and up big  

Most every 401k is up big from comrade Obama's tenure

Unless you are in gold you are likely to be doing well

[Davemn]

S&P was at 2164 on Nov 1 2016  before the country put our Potus in office  it is at 3130.12 right now about 50 per cent higher

What is your point Dave?  

Daily Market corrections are historical and can result from institutional profit taking,
speculation and manipulation by large traders with agendas (such as the silver fiasco)

Bottom line is the market  is up and up big  

Most every 401k is up big from comrade Obama's tenure

Unless you are in gold you are likely to be doing well

My posts get flagged and deleted for some reason. You make reference to Comrade Obama ....I guess that's ok.
My point was that the market was only down slightly since all this coronavirus stuff started. I'm aware that's it's very volatile.
During the first 3 years of their presidencies, both Clinton and Obama had better market returns than Trump. The Clinton years were particularly good if you recall. You should all stop crowing about Trumps stock market.
Disclaimer: I didn't vote for ANY of the aforementioned names above.