Current Events > The DOW is SURGING right now. Up 900 points.

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Houston
12/26/18 3:48:42 PM
#1:


We're coming back, baby!
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Time keeps on slippin', slippin', slippin'
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littlebro07
12/26/18 3:48:52 PM
#2:


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EndOfDiscOne
12/26/18 3:49:37 PM
#3:


Thanks Trump!
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Shotgunnova
12/26/18 3:50:11 PM
#4:


*Tubthumping intensifies*
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Take me down from the ridge where the summer ends
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Damn_Underscore
12/26/18 3:50:34 PM
#5:


Thanks Obama
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supercrono
12/26/18 3:52:49 PM
#6:


but...but...doom and gloom
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Ambience
12/26/18 3:54:42 PM
#7:


supercrono posted...
but...but...doom and gloom

Economists are saying that this doesn't change the overall downward trend. It's thought to be a spike from Christmas shopping plus an 8% jump in oil prices

https://nypost.com/2018/12/26/dow-surges-700-points-recovers-from-christmas-eve-plummet/
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A Beach in Winter
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Ray_Dorset
12/26/18 3:55:32 PM
#8:


Who knows where the stock market would actually be with a competent president. Still 4,100 points to go on the dow before it's back to its previous high. Not to mention the russell 2000 is lower now than it was when he took office.
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Darkman124
12/26/18 3:55:57 PM
#9:


what is a bear market rally for 500, alex?

i am long, but i am not fooled by a dead cat bouncing.

also anyone who tracks market performance via the dow is a fool. the russell 2000 led this decline, and if we're seeing a repeat of 2011, it will be what leads the way out of it.
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TheBlueMonk_
12/26/18 3:56:16 PM
#10:


TRUMP DID IT!

No COLLUSION!!!

MUELLER IN TEARS!!!
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Vyrulisse
12/26/18 3:56:34 PM
#11:


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Damn_Underscore
12/26/18 3:57:17 PM
#12:


Vyrulisse posted...
Thanks Jeb!


this goes without saying
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monkmith
12/26/18 3:57:39 PM
#13:


wait for the next trump tweet TC...
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PleaseClap
12/26/18 4:02:47 PM
#14:


Vyrulisse posted...
Thanks Jeb!

You know what to do
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Please
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Darkman124
12/26/18 4:04:09 PM
#15:


fwiw, from a technical standpoint what you might want to be looking for is a 50% retrace of the decline

so, for the rus 2000, around the 1500 level. for S&P500, 2600. that is approximately where bear market rallies carry their participants after initial straight down drops

if it reaches and holds those levels, we're looking at more of a 2011 situation. IMO, that is entirely possible.
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Ambience
12/26/18 4:05:09 PM
#16:


Darkman124 posted...
fwiw, from a technical standpoint what you might want to be looking for is a 50% retrace of the decline

so, for the rus 2000, around the 1500 level. for S&P500, 2600. that is approximately where bear market rallies carry their participants after initial straight down drops

if it reaches and holds those levels, we're looking at more of a 2011 situation. IMO, that is entirely possible.

Will a prolonged government shutdown adversely affect this? Looking more and more like he's not gonna budge on vanity project funding
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Houston
12/26/18 4:06:43 PM
#17:


Ding ding ding... markets closed. DOW up 1,086. Dang. S&P 116
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Houston
12/26/18 4:07:03 PM
#18:


Darkman124 posted...
fwiw, from a technical standpoint what you might want to be looking for is a 50% retrace of the decline

so, for the rus 2000, around the 1500 level. for S&P500, 2600. that is approximately where bear market rallies carry their participants after initial straight down drops

if it reaches and holds those levels, we're looking at more of a 2011 situation. IMO, that is entirely possible.


I'll have to look into that, thanks.
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bluezero
12/26/18 4:07:27 PM
#19:


monkmith posted...
wait for the next trump tweet TC...

This
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hockeybub89
12/26/18 4:08:04 PM
#20:


So are we back in a Trump economy today after Obama took charge for a few days?
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Darkman124
12/26/18 4:15:50 PM
#21:


Ambience posted...
Will a prolonged government shutdown adversely affect this? Looking more and more like he's not gonna budge on vanity project funding


honestly? no

shutdowns mean very little to the broader economy

and if this lasts past dems' swearing-in, i wouldnt be surprised if a coalition passed funding over his veto
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Houston
12/26/18 4:52:25 PM
#22:


hockeybub89 posted...
So are we back in a Trump economy today after Obama took charge for a few days?


Do you mean back in an Obama economy? A lot of liberals the past few days have been making Trump economy remarks when the market was falling. Let's ask @Genocet_10-325

Whose market are we in today, Geno??
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Genocet_10-325
12/26/18 5:18:17 PM
#23:


Houston posted...
hockeybub89 posted...
So are we back in a Trump economy today after Obama took charge for a few days?


Do you mean back in an Obama economy? A lot of liberals the past few days have been making Trump economy remarks when the market was falling. Let's ask @Genocet_10-325

Whose market are we in today, Geno??

A 1000 point gain is really nothing to write home about when you consider were still almost 4000 below its high.
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