# Trade has halted -or- Trump can celebrate when the Market goes over 24,000 **URL:** \ **Category:** Miscellaneous and Personal Stuff I Must Share\ **Created:** [March 9, 2020, 1:42pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146 "2020-03-09T13:42:52Z")\ **Posts on this page:** 20\ **Page:** 3
**Author:** ![dropzone](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dropzone/32/7515_2.png) [@dropzone](https://boards.straightdope.com/u/dropzone)\ **Post date:** [March 12, 2020, 4:36pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/41 "2020-03-12T16:36:51Z")
I’m willing to pretend that the past year or three didn’t exist if you are. ---
**Author:** ![rsat3acr](https://avatars.discourse-cdn.com/v4/letter/r/a3d4f5/32.png) [@rsat3acr](https://boards.straightdope.com/u/rsat3acr)\ **Post date:** [March 12, 2020, 6:44pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/42 "2020-03-12T18:44:11Z")
> [@Happy\_Lendervedder](#): > > I’ve seen a few headlines that blame Trump’s “address” to the nation for the massive drop today. For a guy that’s used the strength of the stock market to brag how great he’s been for the economy, he has to be going ape shit this morning. Maybe today is the day he finally regrets not eating more vegetables and not focusing so much on his overall heart health. The market was going up when he took office and he took all the credit. Now that it is going down he blames the media and dems. What a idiot. ---
**Author:** ![Red\_Wiggler](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/red_wiggler/32/13190_2.png) [@Red\_Wiggler](https://boards.straightdope.com/u/Red_Wiggler)\ **Post date:** [March 12, 2020, 7:25pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/43 "2020-03-12T19:25:33Z")
> [@rsat3acr](#): > > The market was going up when he took office and he took all the credit. Now that it is going down he blames the media and dems. What a idiot. I agree with your sentiment but I hope that’s an typo. ---
**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\ **Post date:** [March 12, 2020, 7:33pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/44 "2020-03-12T19:33:38Z")
> [@carlb](#): > > Our 401(k) is back to where it was a little over a year ago. An entire year’s growth (including contributions) is gone. Lost roughly 14% just in the last two weeks. :mad: Unless you are retiring soon, just don’t look at your statement. Assuming you keep your job, you get to buy at decent prices. Which is good. I did that in 2008 and I made a bundle. ---
**Author:** ![Johnny\_L.A](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/johnny_l.a/32/1084_2.png) [@Johnny\_L.A](https://boards.straightdope.com/u/Johnny_L.A)\ **Post date:** [March 12, 2020, 7:43pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/45 "2020-03-12T19:43:01Z")
In 2007, I recall the DOW was around 15,000. A couple of weeks ago, it was over 29,000. Today, it’s closer to the former number than the latter. ☹ ---
**Author:** ![Akaj](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/akaj/32/145_2.png) [@Akaj](https://boards.straightdope.com/u/Akaj)\ **Post date:** [March 12, 2020, 9:40pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/46 "2020-03-12T21:40:24Z")
> [@Voyager](#): > > Unless you are retiring soon, just don’t look at your statement. Assuming you keep your job, you get to buy at decent prices. Which is good. > I did that in 2008 and I made a bundle. Better yet, buy a fixed dollar amount on a fixed schedule, a.k.a. dollar cost averaging. You get more quantity when prices are lower, so over time the average price of your accumulated position is lower. If you bought $100 worth of XYZ at last Thursday’s price and $100 worth of XYZ today, your average cost of ownership would be lower than the average of the two prices because you bought more XYZ today than last week. For 99% of investors this works better than trying to time the market. ---
**Author:** ![Ravenman](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/ravenman/32/2929_2.png) [@Ravenman](https://boards.straightdope.com/u/Ravenman)\ **Post date:** [March 13, 2020, 12:07am UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/47 "2020-03-13T00:07:59Z")
Where’s **D’Anconia** when you need her to offer a drive by question insinuating that the Dow isn’t actually at 21,000? ---
**Author:** ![Wesley\_Clark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wesley_clark/32/20581_2.png) [@Wesley\_Clark](https://boards.straightdope.com/u/Wesley_Clark)\ **Post date:** [March 13, 2020, 3:14am UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/48 "2020-03-13T03:14:37Z")
Now I just need to time the bottom. I’m sure I won’t mess it up. ---
**Author:** ![Akaj](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/akaj/32/145_2.png) [@Akaj](https://boards.straightdope.com/u/Akaj)\ **Post date:** [March 13, 2020, 12:51pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/49 "2020-03-13T12:51:58Z")
> [@Wesley\_Clark](#): > > Now I just need to time the bottom. > > I’m sure I won’t mess it up. I’m buying today. And two weeks from now, and two weeks after that … Trying to time the market is a fool’s errand. ---
**Author:** ![Ludovic](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@Ludovic](https://boards.straightdope.com/u/Ludovic)\ **Post date:** [March 13, 2020, 12:54pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/50 "2020-03-13T12:54:42Z")
In Soviet bathhouse, bottom times YOU! ---
**Author:** ![Telemark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/telemark/32/372_2.png) [@Telemark](https://boards.straightdope.com/u/Telemark)\ **Post date:** [March 13, 2020, 1:04pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/51 "2020-03-13T13:04:26Z")
Dow Futures are up 1100 points this morning. It’s apparently random. ---
**Author:** ![dropzone](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dropzone/32/7515_2.png) [@dropzone](https://boards.straightdope.com/u/dropzone)\ **Post date:** [March 13, 2020, 1:44pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/52 "2020-03-13T13:44:02Z")
The Dow Jones Industrial Average has gone above 23,000 for the first time EVER! Thank you Mr President!!! ---
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [March 13, 2020, 1:57pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/53 "2020-03-13T13:57:36Z")
> [@dropzone](#): > > The Dow Jones Industrial Average has gone above 23,000 for the first time EVER! Thank you Mr President!!! We hit 22,000 15 minutes ago…time to celebrate! Oops, it has since dropped below. I imagine we’ll have a lot of little celebrations as the DOW chart continues it’s heart attack patient look. ---
**Author:** ![Telemark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/telemark/32/372_2.png) [@Telemark](https://boards.straightdope.com/u/Telemark)\ **Post date:** [March 13, 2020, 1:57pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/54 "2020-03-13T13:57:42Z")
I think you meant 22,000, and it’s back under that already. ---
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [March 13, 2020, 2:22pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/55 "2020-03-13T14:22:49Z")
> [@Telemark](#): > > I think you meant 22,000, and it’s back under that already. Hurray! Back over 22K! ---
**Author:** ![pulykamell](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pulykamell/32/3166_2.png) [@pulykamell](https://boards.straightdope.com/u/pulykamell)\ **Post date:** [March 13, 2020, 2:41pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/56 "2020-03-13T14:41:43Z")
> [@Telemark](#): > > Dow Futures are up 1100 points this morning. It’s apparently random. To some extent, it is, with day-to-day fluctuations. ---
**Author:** ![wguy123](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wguy123/32/3161_2.png) [@wguy123](https://boards.straightdope.com/u/wguy123)\ **Post date:** [March 13, 2020, 2:51pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/57 "2020-03-13T14:51:19Z")
Shit, back under 22 :o ---
**Author:** ![QuickSilver](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/quicksilver/32/7832_2.png) [@QuickSilver](https://boards.straightdope.com/u/QuickSilver)\ **Post date:** [March 13, 2020, 2:56pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/58 "2020-03-13T14:56:42Z")
> [@pulykamell](#): > > To some extent, it is, with day-to-day fluctuations. Seems to me that _fear_ and _greed_ are the two competing market forces. ---
**Author:** ![Telemark](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/telemark/32/372_2.png) [@Telemark](https://boards.straightdope.com/u/Telemark)\ **Post date:** [March 13, 2020, 3:42pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/59 "2020-03-13T15:42:38Z")
> [@QuickSilver](#): > > Seems to me that _fear_ and _greed_ are the two competing market forces. And an almost fanatical devotion to the Pope. ---
**Author:** ![QuickSilver](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/quicksilver/32/7832_2.png) [@QuickSilver](https://boards.straightdope.com/u/QuickSilver)\ **Post date:** [March 13, 2020, 3:47pm UTC](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146/60 "2020-03-13T15:47:51Z")
> [@Telemark](#): > > And an almost fanatical devotion to the Pope. Headed for _D’Oh!_ territory. Better get the comfy chair. [Previous page](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146.md?page=2) [Next page](https://boards.straightdope.com/t/trade-has-halted-or-trump-can-celebrate-when-the-market-goes-over-24-000/849146.md?page=4)