john doe 101
Platinum Member
- Sep 6, 2021
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LOL thinking any President, whether that be Trump or Biden, controls the stock market. Just absolute stupidity.
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EXACTLY! So why are you fronting about American stock wealth? Actual numbers (huge stock growth in 2021) don't mean anything to you - up or down, the only thing that defines "bad" or "good" to you is what guy is sitting in the White House.This last year was horrible, stocks, inflation, border invasion, gas prices, lending rates. It sucked, PERIOD!!
EXACTLY! So why are you fronting about American stock wealth? Actual numbers (huge stock growth in 2021) don't mean anything to you - up or down, the only thing that defines "bad" or "good" to you is what guy is sitting in the White House.
Kids, this is your brain on nutbag politics.
You apparently can’t read your own chart. Besides, your assumption about the importance of the DJI is bogus.Here is the DJIA adjusted for inflation under Trump and Biden from Jan 2017 to November, 2023.
Market is down in real dollars due to Bidenomics.
View attachment 881666
Dow Jones Industrial Average/Consumer Price Index for All Urban Consumers: All Items in U.S. City Average*229.478 | FRED | St. Louis Fed
Graph and download economic data for Dow Jones Industrial Average/Consumer Price Index for All Urban Consumers: All Items in U.S. City Average*229.478 from Jan 1913 to May 2024 about stock market, average, industry, USA, all items, urban, consumer, CPI, inflation, price index, indexes, and price.fred.stlouisfed.org
And a year later, Biden has saved the Stock Market.On no issue is the Dunning-Kruger Effect better illustrated than Trumpsters trying to discuss economics/markets.
That must be why a record number of Americans are worse off under xiden today then they were before he took officeYou apparently can’t read your own chart. Besides, your assumption about the importance of the DJI is bogus.
Nobody invests in the Dow Jones Industrials average anymore. Conservative working-class investors tend to invest in an S&P 500 index, a far more representative and lower fee stock option.
It has risen from its best day under Trump of 3338 to 4770 today, a huge increase in this asset class. NASDAQ and digital stocks — where most “smart” money went — saw the same or even greater gains.
Of course the market does not show the status of Main Street, or the poor, but here too the Fed has pulled off a soft landing, lowered inflation, and factory construction in this country rose to historic highs. Not that it can’t reverse itself, especially given world instability, but given that all this occurred even during the Russian invasion of Ukraine, with major logistics disruptions, with political chaos at home, we have experienced a remarkable economy with lots of higher paying jobs.
All I’m saying is your claim that “Market is down in real dollars due to Bidenomics” is pure bullshit. Even every amateur investor knows it.
if you laughed at this statement you are a fucking idiot. layoffs indeed came.with the GOP taking the House, there will be some stability brought to the market in the coming year…but i expect, as the majority of CEOs have predicted the first few months will be difficult with a number of layoffs coming
You apparently can’t read your own chart. Besides, your assumption about the importance of the DJI is bogus.
Nobody invests in the Dow Jones Industrials average anymore. Conservative working-class investors tend to invest in an S&P 500 index, a far more representative and lower fee stock option.
It has risen from its best day under Trump of 3338 to 4770 today, a huge increase in this asset class. NASDAQ and digital stocks — where most “smart” money went — saw the same or even greater gains.
Of course the market does not show the status of Main Street, or the poor, but here too the Fed has pulled off a soft landing, lowered inflation, and factory construction in this country rose to historic highs. Not that it can’t reverse itself, especially given world instability, but given that all this occurred even during the Russian invasion of Ukraine, with major logistics disruptions, with political chaos at home, we have experienced a remarkable economy with lots of higher paying jobs.
All I’m saying is your claim that “Market is down in real dollars due to Bidenomics” is pure bullshit. Even every amateur investor knows it.
oh yea, a 2008 style crash just as soon as trump lost. lololololololThe stock market is down? Did it crash suddenly and cause the usual panic induced wave of lay-offs? Seems like someone is handling a stock market correction better than usual.