Domain: tiger-web1.srvr.media3.us DOW only up about 15 points presently | Page 3 | Political Talk
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re: DOW only up about 15 points presently

Posted on 7/27/18 at 12:17 pm to
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 7/27/18 at 12:17 pm to
quote:

Long term growth projections are not very good driven by labor shortages, shifting demographics (boomers retiring), and huge government deficits (gov is going to have to significantly cut spending/benefits or raise taxes in the next 4 years).



Even bigger than that is the natural business cycle. We might have a few years left before a recession but it's inevitable. Government finances are fricked when that happens. Unfortunately, tax and spending bills are geared towards election cycles, not long-term prosperity.
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
56137 posts
Posted on 7/27/18 at 12:21 pm to
quote:

You think the big players don't already know the numbers and have this stuff priced in.




A couple of examples to fortify your argument would be good. Thanks.
Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 7/27/18 at 12:23 pm to
An example is that the stock market is down in 2018 while corporate earnings are at record highs
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 7/27/18 at 12:26 pm to
If investors collectively think Q2 growth is going to be 4% and it turns out to be 4%, the market probably won’t react much. Investors had already factored in that level of growth. However, if Q2 growth was significantly over or under the anticipated amount, then the market would probably react today.

Other recent earnings reports and news are driving stocks downward.
Posted by LSURussian
Member since Feb 2005
134143 posts
Posted on 7/27/18 at 12:46 pm to
quote:

An example is that the stock market is down in 2018
Wrong. All three major U.S. stock indices are up since 1/1/18.

DJIA
1/1/18 = 24,719.22
7/27/18 (12:41 PM CDT) = 25,418.68
+2.8%

S&P 500 Index
1/1/18 = 2,673.61
7/27/18 (12:41 PM CDT) = 2,814.71
+5.3%

NASDAQ Composite
1/1/18 = 6,903.39
7/27/18 (12:41 PM CDT) = 7,725.11
+11.9%

Maybe you should check the facts before you post something that is so easily fact-checked.
This post was edited on 7/27/18 at 12:58 pm
Posted by stat19
Member since Feb 2011
29350 posts
Posted on 7/27/18 at 12:52 pm to
quote:

JackieTreehorn


How's the smut business Jackie?
Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 7/27/18 at 1:01 pm to
You’re right. I totally meant to say since Jan peaks
Posted by LSURussian
Member since Feb 2005
134143 posts
Posted on 7/27/18 at 1:02 pm to
quote:

I totally meant to say since Jan peaks
No, you didn't. Just admit it and move on.....
Posted by IrishTiger89
Member since May 2017
1492 posts
Posted on 7/27/18 at 1:08 pm to
No I totally meant to and I’m not making that up. I admitted my mistake.
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 7/27/18 at 1:09 pm to
Info gets baked in based on expectations before it is dropped
Posted by slackster
Houston
Member since Mar 2009
91484 posts
Posted on 7/27/18 at 1:09 pm to
quote:

A couple of examples to fortify your argument would be good. Thanks.






His example was wrong but his point is correct. Generally speaking, a great number that was forecast to be great isn't going to have a broad impact on the market in a given day, especially a trailing number like GDP.
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