Page 1 of 1
DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Thu Jul 31, 2014 9:03 pm
by travelinman67
The day after Q2 earnings are released, markets drop across the board...
http://www.straitstimes.com/news/busine ... s-20140801
...but that's not Obama's fault...
...right?
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Thu Jul 31, 2014 9:53 pm
by AZGrizFan
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 6:02 am
by DSUrocks07
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 6:42 am
by kalm
Should we be measuring the strength of the economy based on Wall Street performance?
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 7:53 am
by travelinman67
kalm wrote:Should we be measuring the strength of the economy based on Wall Street performance?
Wrong question.
Should be asking, does WS respond to weakening economic indicators?
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 7:59 am
by kalm
travelinman67 wrote:kalm wrote:Should we be measuring the strength of the economy based on Wall Street performance?
Wrong question.
Should be asking, does WS respond to weakening economic indicators?
Do you think Wall Street is altruistic and always based on real value?
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 9:32 am
by ALPHAGRIZ1
If it benefits them..........then yes.

Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 9:36 am
by kalm
ALPHAGRIZ1 wrote:If it benefits them..........then yes.

Exactly.
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 10:38 am
by Baldy
kalm wrote:Should we be measuring the strength of the economy based on Wall Street performance?
More so than government generated economic indicators and statistics.

Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 10:39 am
by Baldy
kalm wrote:travelinman67 wrote:
Wrong question.
Should be asking, does WS respond to weakening economic indicators?
Do you think Wall Street is altruistic and always based on real value?
Wall Street isn't supposed to be altruistic, and is rarely ever based on true value.
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 3:01 pm
by SDHornet
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 3:02 pm
by kalm
Baldy wrote:kalm wrote:
Do you think Wall Street is altruistic and always based on real value?
Wall Street isn't supposed to be altruistic, and is rarely ever based on true value.

Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 4:04 pm
by Ivytalk
kalm wrote:travelinman67 wrote:
Wrong question.
Should be asking, does WS respond to weakening economic indicators?
Do you think Wall Street is altruistic and always based on real value?
The markets' performance is tied more to the Fed's whims than to actual economic statistics. As Zack Mayo (look him up) said, investors seeking yield go to the stock market because "they got nowhere else to go." Other financial assets just lie there like a stoned hooker.
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Fri Aug 01, 2014 5:20 pm
by Baldy
Ivytalk wrote:kalm wrote:
Do you think Wall Street is altruistic and always based on real value?
The markets' performance is tied more to the Fed's whims than to actual economic statistics. As Zack Mayo (look him up) said, investors seeking yield go to the stock market because "they got nowhere else to go." Other financial assets just lie there like a stoned hooker.
Exactly and when this stock market bubble explodes, since so many have had to jump out of bonds into the stock market, a lot of people are going to be in a world of hurt. It's gonna make 2007 look like a cocktail party.
Re: DOW Selloff Erases 2014 Earnings...GoObama!!
Posted: Sat Aug 02, 2014 2:44 pm
by biobengal
Erases 2014 earnings? That's too bad.
I am up 16.5% the past year; am I alone? FYI, I am not a savvy investor; composite funds (NASDAQ and S&P) have been good to me since I bought back strong in 2010. You sharks have probably done better.