Biden’s political decisions crushing the market, now Dow is under 30k…a year ago, high stock market was attributed to Biden

[Slade3200]

When they tell you they are going to end petroleum. When they tell you they are going to crash the economy to push us in to The New World Order.

That is the only time I believe you LYING SON OF A BITCHES.

Well then you give them too much credit. Either way… that’s a YOU problem

 

[Slade3200]

Housing inventory jumped nearly 500,000 from May to June….biggest jump since 2008.

OOPS!

You think there is going to be a housing bubble burst?!?! Haha. Explain that

 

[Lisa558]

You think there is going to be a housing bubble burst?!?! Haha. Explain that

Rates are already climbing toward 6%. People can’t afford to pay these high house prices AND twice the interest rate on mortgages. Prices will be forced down to where buyers qualify. How far down depends on how high the rates go.

At the same time, people who bought the last couple of years will find themselves underwater, and many will walk away. This will also add to the downward pressure on prices.

 

[Whodatsaywhodat.]

The cult TOUTED the stock market when it was high and claimed it was BECAUSE OF THEM….now when it crashes, they say it is not them?

Biden's 100-day stock market performance is the hottest going back to the 1950s

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.

www.cnbc.com

THIS AGED POORLY!

Dow Jones INDEX TODAY | DJIA LIVE TICKER | Dow Jones QUOTE & CHART | Markets Insider

Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents.

markets.businessinsider.com

That's what happens when democrats steal the election . If you notice , nothing went right for America and Americans since the stolen election . You think that is by accident? Hell no, this has always been the plan for democrats . Look what they did to California once the figured out to steal state elections. Place went to shit . Now they mastered stealing national elections, place is going to shit. Why one must ask , are you American or are you a Democrat?

 

[Tom Paine 1949]

Another retarded statement by Old Tree that I can throw back in his face a few months from now. What an idiot

Yes! But he is not wrong only in his certainty that the end game has arrived and in his reactionary political prejudices. He mistakenly argues that “Globalists” are now creating a common “New World Order.” THIS IS PURE IDIOCY !!!

Global trade and global production are now being … disrupted! Global geo-political competition is intensifying rapidly, international sanctions are spreading, nations are restoring or shortening production logistics and emphasizing national and regional security. The sad truth is much as before WWI & WWII we are entering a period of new Cold War and extremely dangerous … hot proxy wars!

 

[Whodatsaywhodat.]

Smart money managers can’t time the market any more than we regular folk can. Any money manager moving his client into stocks now is taking a big risk - with their money of course.

We have a lot more pain to go. Did you hear how Biden is still denying his reckless spending? He‘s pushing to get MORE dollars into people’s hands, and that includes forgiving student loans.

This guy has been the biggest disaster and most incompetent president of my lifetime, and that includes Carter.

And it is all planned .

 

[struth]

Ugh no, they would be the same poor. Market is right where it was at when Joe took over. Hold for another few months and it will be back up a few 1000. Don’t be so dramatic

wow...so Joey Xiden's economy has returned the market to when the world was shut down because of Covid.

Great job Joey

 

[Slade3200]

Rates are already climbing toward 6%. People can’t afford to pay these high house prices AND twice the interest rate on mortgages. Prices will be forced down to where buyers qualify. How far down depends on how high the rates go.

At the same time, people who bought the last couple of years will find themselves underwater, and many will walk away. This will also add to the downward pressure on prices.

Yes, that’s the point of raising rates. They are trying to curb inflation. So how is the bubble going to burst from this?

 

[Slade3200]

wow...so Joey Xiden's economy has returned the market to when the world was shut down because of Covid.

Great job Joey

You mean the record high the market was at a few years ago? Yes

 

[struth]

You mean the record high the market was at a few years ago? Yes

yes, it's true Trump had it at record highs....sadly Xiden can't do better....oh more good news

Stock Market Drops as Post-Fed Rally Fades​

Dow Closes Below 30000 as Post-Fed Rally Reverses

U.S. and global stock indexes slumped, suggesting Wall Street’s post-Fed meeting rally isn’t set to last.

www.wsj.com

raising interest rates the highest it's been since Clinton, didn't seem to help.

 

[Lisa558]

Yes, that’s the point of raising rates. They are trying to curb inflation. So how is the bubble going to burst from this?

I just explained what happens to house prices when mortgages rates go up. If you still don’t understand, perhaps someone else can explain it better.

 

[Slade3200]

yes, it's true Trump had it at record highs....sadly Xiden can't do better....oh more good news

Stock Market Drops as Post-Fed Rally Fades​

Dow Closes Below 30000 as Post-Fed Rally Reverses

U.S. and global stock indexes slumped, suggesting Wall Street’s post-Fed meeting rally isn’t set to last.

www.wsj.com

raising interest rates the highest it's been since Clinton, didn't seem to help.

Well Biden did do better didn’t he, 1000s of points higher than trumps record. Not that the president controls the stock market so this conversation is pretty silly

 

[Slade3200]

I just explained what happens to house prices when mortgages rates go up. If you still don’t understand, perhaps someone else can explain it better.

Slowing growth and even seeing a minor dip is very different than a bubble bursting. The feds are trying to curb inflation and investments. There will be a slow down by design. How do you think it is going to lead to a bubble bursting?

 

[struth]

Well Biden did do better didn’t he, 1000s of points higher than trumps record. Not that the president controls the stock market so this conversation is pretty silly

No he didn't....it's dropped drastically because of his record inflation and high interest rates.

 

[Muhammed]

Holy crap. Talk about BLIND. Your demigod not only BENEFITTED from that, he BEGGED FOR MORE.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

^
FAKE NEWS ALERT!!!

 

[Mac1958]

^
FAKE NEWS ALERT!!!

I even provided a link. This is common knowledge to those of us outside the cult.

 

[Muhammed]

I even provided a link. This is common knowledge to those of us outside the cult.

NBC is fake news, dumbass TDS afflicted moron.

 

[struth]

Well then you give them too much credit. Either way… that’s a YOU problem

No it's not...and you are right we shouldn't give Xiden all the credit for this horrible economy and market....it belongs to all the Dembots that voted for him, and the entire party and their policies.

 

[flan327]

First and foremost, flooding the market with trillions of borrowed dollars.

And you are a financial advisor?

 

[jbrownson0831]

Too early. The Dems are still waging war on oil companies, and Biden still wants more reckless spending. Until Dems see reason, if that’s even possible, or the midterms arrIve where we kick their America-hating butts out, we have further down to go.

My advice to retirees in particular, who have seen their portfolios drop by a third, is to have enough in cash until we can get a normal person into the WH.

Yep makes sense. Poopeypants is a moron.