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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. The Big Ragu

    The Big Ragu Moderator Staff Member

    It's a bunch of high-powered computers with fiber optic connections playing Forrest Gump ping pong with prices. If you are trading the futures, on just one S&P e-mini contract, blink your eyes and you may be $1,000 up or $1,000 down. That is just on one futures contract.

    BTW, according to Art Cashin, there is close to $2 billion for sale on the bell. If it pairs off relatively quickly, you may get a sell off and then even see a furious ramp back up right at the close. Or not. :)
     
  2. typefitter

    typefitter Well-Known Member

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    TowelWaver likes this.
  3. Michael_ Gee

    Michael_ Gee Well-Known Member

    As I believe I've said here before, in the '70s and '80s, Wall Street traders were coked up ex-frat boys ages 27-36. Now, they are computers programmed to act like coked-up ex-frat boys but much more quickly and efficiently.
     
    BitterYoungMatador2 likes this.
  4. Cosmo

    Cosmo Well-Known Member

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  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    A little buying just came in. Washington Post reported that Xi and Trump are going to meet, and that got some headline buying. The last half hour could to be volatile, with some exaggerated swings.
     
  6. Inky_Wretch

    Inky_Wretch Well-Known Member

  7. garrow

    garrow Well-Known Member

  8. Inky_Wretch

    Inky_Wretch Well-Known Member

  9. Tarheel316

    Tarheel316 Well-Known Member

    Another big drop. Time for some more Trump jawboning.
     
  10. Azrael

    Azrael Well-Known Member

    Corporations must be finished buying back their stock.
     
    BitterYoungMatador2 likes this.
  11. Michael_ Gee

    Michael_ Gee Well-Known Member

    Discussions of the stock market would be slightly more sane if 1. Media outlets used the S&P rather than the Dow and 2. Advances and declines were expressed as percentages of the whole. Overall, the Dow has gone down about 5 and a half percent in the last two days. That's significant, but it just doesn't sound as scary as OMG a 1300 point loss! All coverage of the market comes in two flavors: Oh, boy we're all gonna be rich and oh, no we'll all be bankrupt by breakfast.
     
    I Should Coco likes this.
  12. Alma

    Alma Well-Known Member

    Racism is much larger than a grievance.

    I'm thinking more of grievance as a petition, with the presumption government and/or a regulatory environment can adequately address that. Many of the grievances, in their own way, are legitimate.

    The far right, even the moderate right, prefers to address few grievances through policy, preferring to let the "market" or "individuals" work them out. I don't care for that approach much because it's rife with abuse of privilege, specifically the privilege of money.

    But the left struggles to prioritize grievances because it links so many of them of up to large, multi-generational, societal-wide issues like racism or human rights. Some grievances really are that large. A lot of them aren't. When so many issues are rooted in nothing short of human dignity, it's hard to get off the ground, and even if there's harmony now in intersectionality - because it's protest platform - it's a tenuous harmony because, when the left is in charge - and it will be soon - dangit, gotta make priorities. Something has to take a back seat.

    For example: I'm pretty comfortable putting universal health care, rental rights/cost and how we look at drug use and drug crime in America at the top of my care-about list. I think all three have been significantly affected by some form of systemic racism. I choose those not merely because they matter, not merely because racism affects them, but from a pragmatic, objective standpoint: You address those effectively and you improve quality of life in ways that reduce other grievances.

    What's harder is being for 17 different things with equal intensity. Hard to keep track of all of them. Hard to address all of them.
     
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