Current Events > US Stock Market trending towards worse decline since 1930s

(+) Yeah! (+)

https://www.cnbc.com/2018/12/17/worst-start-to-december-for-the-stock-market-since-great-depression.html

Seems pretty depressing read. Wonder if this is part of a larger collapse or just a realignment.
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thanks obama
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Kombucha posted...

thanks obama

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Crepes posted...

https://www.cnbc.com/2018/12/17/worst-start-to-december-for-the-stock-market-since-great-depression.html

Seems pretty depressing read. Wonder if this is part of a larger collapse or just a realignment.

The MAGA economy

Were_Wyrm posted...

Kombucha posted...

thanks obama

i love this meme!
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Trump likes to talk about how he's boosted the stock market, so let's see if he'll own this.

He won't.
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Super Saiyan 3 Goku posted...

Trump likes to talk about how he's boosted the stock market, so let's see if he'll own this.

He won't.

He dont care
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https://imgur.com/kT5ycf5
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Super Saiyan 3 Goku posted...

Trump likes to talk about how he's boosted the stock market, so let's see if he'll own this.

He won't.

He'll build a wall. That will create millions of jobs!
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Thanks Obama it's his fault some how.
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http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

You say needed. Bit arent there massive detriment to the normal people when it does finally crash?
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Good. People need to learn the hard way what republicans policies do to the country
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Thanks Obama

https://thehill.com/blogs/blog-briefing-room/news/363469-obama-on-his-economic-record-thanks-obama
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Crepes posted...

Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

You say needed. Bit arent there massive detriment to the normal people when it does finally crash?

Why would it be a detriment? If anything it makes stocks cheaper and more affordable to everyone who isn't rich. Plus look at the "great recession" dip in 2008. In only a couple of years the stock market recovered to twice its pre-recession highs. The only people who should care right now are fund managers and people close to retirement, and they should already have been rebalancing their portfolios to lower risk securities.

Thanks Powell, Trump, Obama, China, and Apple.
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Crepes posted...

https://www.cnbc.com/2018/12/17/worst-start-to-december-for-the-stock-market-since-great-depression.html

So what did it mean in December 2002 when we had the worst December since the Great Depression? I don't remember an economic collapse then.
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Annihilated posted...

Crepes posted...

Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

You say needed. Bit arent there massive detriment to the normal people when it does finally crash?

Why would it be a detriment? If anything it makes stocks cheaper and more affordable to everyone who isn't rich. Plus look at the "great recession" dip in 2008. In only a couple of years the stock market recovered to twice its pre-recession highs. The only people who should care right now are fund managers and people close to retirement, and they should already have been rebalancing their portfolios to lower risk securities.

Would it not lead to loss of jobs or liquidity in the market? Isnt that why we needed so many bailouts before? Also loss of loans to small businesses / individuals?
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Annihilated posted...

Plus look at the "great recession" dip in 2008. In only a couple of years the stock market recovered to twice its pre-recession highs.

And everything was okay
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Crepes posted...

Annihilated posted...

Crepes posted...

Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

You say needed. Bit arent there massive detriment to the normal people when it does finally crash?

Why would it be a detriment? If anything it makes stocks cheaper and more affordable to everyone who isn't rich. Plus look at the "great recession" dip in 2008. In only a couple of years the stock market recovered to twice its pre-recession highs. The only people who should care right now are fund managers and people close to retirement, and they should already have been rebalancing their portfolios to lower risk securities.

Would it not lead to loss of jobs or liquidity in the market? Isnt that why we needed so many bailouts before? Also loss of loans to small businesses / individuals?

That has to do with bonds more than it does with stocks. Stocks have jack shit to do with the job market, debt, and the economy in general. But the yield curve IS starting to invert, which is inevitable at the end of an economic expansion. It's already been going on for 10 years, the longest on record, do you expect it to last forever?

Good. Those rich fucks can watch their billions dwindle away, and those yuppie Trump voting baby boomers can see their McMansions get repoed by the bank. The younger people that live paycheck to paycheck might have some minor interruptions but they'll survive.

Annihilated posted...

Crepes posted...

Annihilated posted...

Crepes posted...

Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

You say needed. Bit arent there massive detriment to the normal people when it does finally crash?

Why would it be a detriment? If anything it makes stocks cheaper and more affordable to everyone who isn't rich. Plus look at the "great recession" dip in 2008. In only a couple of years the stock market recovered to twice its pre-recession highs. The only people who should care right now are fund managers and people close to retirement, and they should already have been rebalancing their portfolios to lower risk securities.

Would it not lead to loss of jobs or liquidity in the market? Isnt that why we needed so many bailouts before? Also loss of loans to small businesses / individuals?

That has to do with bonds more than it does with stocks. Stocks have jack shit to do with the job market, debt, and the economy in general. But the yield curve IS starting to invert, which is inevitable at the end of an economic expansion. It's already been going on for 10 years, the longest on record, do you expect it to last forever?

Not saying that. I just want to be informed on what the consequences are going to be for the average middle class American.
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i can always count on the top tier economists of CE for expert analysis
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cmiller4642 posted...

Good. Those rich fucks can watch their billions dwindle away, and those yuppie Trump voting baby boomers can see their McMansions get repoed by the bank. The younger people that live paycheck to paycheck might have some minor interruptions but they'll survive.

What does minor interruptions mean to you?
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Annihilated posted...

http://www.multpl.com/shiller-pe/

The stock market is currently valued about as high as it was before the great depression, which was only second to the dot com bubble. So yes, a correction is expected and needed, and long overdue.

few notes:

1) the peak you see there was jan 2018, which is clear when viewing as a monthly table. the drop then lasted until march, lowering ratio to 31. the current drop is to nearly identical levels yet the ratio is much lower--because earnings have kept rising.

2) pre-1990 data is not useful in analyzing market valuation ratios, as you may notice looking at the monthly tables, post-1990 valuation short term lows are comparable to pre-1990 valuation long term highs. only the great recession dropped us to historical valuation levels and that lasted a matter of months.

3) forward earnings ratios are usually much more illustrative of trends that trailing earnings ratios. current SP500 fwd earnings ratio is about 15. the trouble with a trailing earnings ratio is that it seems very high when earnings are increasing very fast, and price with it to match a forward ratio!

4) even on a trailing basis, we can see we're on a 10-year series of higher lows and higher highs. i remember well the panic of 2011, of 2014, of 2015-2016 (six month rolling bear market that ended in march 2016).
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Dems cause the stock market to crash is how he will spin it
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Would be dope if the housing market failed and I could buy a house for like a hundred bucks.