Dow closing in on 40K

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BartenderElite

Verified User
That's incredible.

And it doesn't exist in a vacuum. The stock market isn't a bunch of rich guys at a casino. It generally only goes up like this if the economy is good, people are working & things in general are looking up. Investors are cautious in bad economic times.

And Trump knows this, btw. Which is why he gave us one of his more clownish takes (and that's really saying something), letting us know that it was only going up because investors were so sure he'd win in November.
 
BartenderElite said:
That's incredible.

And it doesn't exist in a vacuum. The stock market isn't a bunch of rich guys at a casino. It generally only goes up like this if the economy is good, people are working & things in general are looking up. Investors are cautious in bad economic times.

And Trump knows this, btw. Which is why he gave us one of his more clownish takes (and that's really saying something), letting us know that it was only going up because investors were so sure he'd win in November.
Click to expand...

The American people must be giving credit to someone else

https://news.gallup.com/poll/610988/biden-job-approval-edges-down.aspx
 
BartenderElite said:
That's incredible.

And it doesn't exist in a vacuum. The stock market isn't a bunch of rich guys at a casino. It generally only goes up like this if the economy is good, people are working & things in general are looking up. Investors are cautious in bad economic times.

And Trump knows this, btw. Which is why he gave us one of his more clownish takes (and that's really saying something), letting us know that it was only going up because investors were so sure he'd win in November.
Click to expand...

The people are seeing that a trump presidency is looking more and more likely by the day. Confidence is growing. When you are confident you invest. Thank goodness for President trump!
 
Stone said:
The people are seeing that a trump presidency is looking more and more likely by the day. Confidence is growing. When you are confident you invest. Thank goodness for President trump!
Click to expand...

:thinking:.................................................:laugh:

he-he-he-he-muttley.gif
 
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BartenderElite said:
That's incredible.

And it doesn't exist in a vacuum. The stock market isn't a bunch of rich guys at a casino. It generally only goes up like this if the economy is good, people are working & things in general are looking up. Investors are cautious in bad economic times.

And Trump knows this, btw. Which is why he gave us one of his more clownish takes (and that's really saying something), letting us know that it was only going up because investors were so sure he'd win in November.
Click to expand...

You left out what's driving this and that's Powell maintaining his outlook for easing with three rate cuts expected this year.
 
Stone said:
The people are seeing that a trump presidency is looking more and more likely by the day. Confidence is growing. When you are confident you invest. Thank goodness for President trump!
Click to expand...

I wondered who would be stupid enough to say that. I am not surprised it was you.
 
Hermes Thoth said:
no it's true.

all your dumb shit is about to end.
Click to expand...

I love it that you magats have given up trying to say the economy under Biden sucks.

I called it every step of the way months back, when you guys were in full denial about how good things were, pointing out to you, you had to update your rhetoric as Trump was increasingly switching from 'its sucks under Biden' to 'It is good because they think i am coming in'.


That is so awesome and gives me so much joy that you guys HAVE TO lie to yourselves so blatantly as you can no longer deny how good all these FACTUAL metrics are.
 
QP! said:
I love it that you magats have given up trying to say the economy under Biden sucks.

I called it every step of the way months back, when you guys were in full denial about how good things were, pointing out to you, you had to update your rhetoric as Trump was increasingly switching from 'its sucks under Biden' to 'It is good because they think i am coming in'.


That is so awesome and gives me so much joy that you guys HAVE TO lie to yourselves so blatantly as you can no longer deny how good all these FACTUAL metrics are.
Click to expand...

this is why you're losing.
 
cawacko said:
You left out what's driving this and that's Powell maintaining his outlook for easing with three rate cuts expected this year.
Click to expand...

The main drivers are that Inflation is coming down in a very sustained way.

Jobs and wages are outpacing it and growing at a pace we have not seen, in decades.

Bidenomics infrastructure projects are starting to come on line and will continue adding more and more high paying jobs in the decades to come.

And that will drive increased consumer spending, meaning more profits and bigger profits for corporations can be predictably forecast, thus leading to increased stock prices.


It should be NO shock that big investments in the Middle Class and infrastructure are what build American wealth for ALL, including the uber rich and yet Magats, and the Republi'cans' still want to end and just hand all the money to the uber rich directly while piling on debt, believing that is the long term way to build America. And by 'build America', I mean enrich themselves, as even they do not believe that 'trickle down' shit works to build an economy.
 
QP! said:
I love it that you magats have given up trying to say the economy under Biden sucks.

I called it every step of the way months back, when you guys were in full denial about how good things were, pointing out to you, you had to update your rhetoric as Trump was increasingly switching from 'its sucks under Biden' to 'It is good because they think i am coming in'.


That is so awesome and gives me so much joy that you guys HAVE TO lie to yourselves so blatantly as you can no longer deny how good all these FACTUAL metrics are.
Click to expand...

The polls don't lie and biden's favorability on the economy is in deep shit, as it is with every major issue.
 
Libhater said:
The polls don't lie and biden's favorability on the economy is in deep shit, as it is with every major issue.
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Oh the polls do not lie?

So the polls showing Hilary would beat Trump in 2016 did not lie?

The polls showing Trump was losing to Jeb Bush or others in the pre 2016 primaries at several points, or McCain (over Obama) did not lie?


Good to know.
 
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BartenderElite said:
That's incredible.

And it doesn't exist in a vacuum. The stock market isn't a bunch of rich guys at a casino. It generally only goes up like this if the economy is good, people are working & things in general are looking up. Investors are cautious in bad economic times.

And Trump knows this, btw. Which is why he gave us one of his more clownish takes (and that's really saying something), letting us know that it was only going up because investors were so sure he'd win in November.
Click to expand...

it is a bunch of rich guys at a casino.

stocks boom when all other markets are bad, a 'misguided' flight to safety; corporations can cook the books and are perfect for "bubble-crafting".
 
QP! said:
Oh the polls do not lie?

So the polls showing Hilary would beat Trump in 2016 did not lie?

The polls showing Trump was losing to Jeb Bush or McCain or others in the pre 2016 primaries at several points, did not lie?


Good to know.
Click to expand...

no polls showed that.
 
QP! said:
Oh the polls do not lie?

So the polls showing Hilary would beat Trump in 2016 did not lie?

The polls showing Trump was losing to Jeb Bush or McCain or others in the pre 2016 primaries at several points, did not lie?


Good to know.
Click to expand...

So, are you saying or suggesting that the current polls showing that our economy is in deep shit and biden's poll numbers
that are in deep shit with the economy are somehow not to be believed?
 
QP! said:
The main drivers are that Inflation is coming down in a very sustained way.

Jobs and wages are outpacing it and growing at a pace we have not seen, in decades.

Bidenomics infrastructure projects are starting to come on line and will continue adding more and more high paying jobs in the decades to come.

And that will drive increased consumer spending, meaning more profits and bigger profits for corporations can be predictably forecast, thus leading to increased stock prices.


It should be NO shock that big investments in the Middle Class and infrastructure are what build American wealth for ALL, including the uber rich and yet Magats, and the Republi'cans' still want to end and just hand all the money to the uber rich directly while piling on debt, believing that is the long term way to build America. And by 'build America', I mean enrich themselves, as even they do not believe that 'trickle down' shit works to build an economy.
Click to expand...

You are doing the exact same thing Trump did, trying to credit his policies (or Biden's in your case) as the reason for the increase.

I quote Paul Krugman's line from his 2020 column: "First, the stock market is not the economy. Second, the stock market is not the economy".

The Fed is the largest driver of the stock market, it's the reason markets hang on Powell's every proclamation and respond as they do to how they think he will move rates. Throughout the past decade plus the Fed has largely kept rates extremely low with the idea of the wealth effect in mind, that if asset prices increased people would feel richer and spend more. The stock market largely boomed as a result. That was totally separate from the economy. The Taper Tantrum of 2013 was driven by the Fed threatening to ease up on QE.

There are people who think the market has gotten ahead of itself and that inflation is not tamed to the level the Fed desires and Powell won't actually cut rates to the level expected. I'm far from a market expert so I can't speak to that one way or other but I know the debate that's being had.

I am not an expert on monetary policy, or anything close. But I read enough about it to have a modicum of knowledge on the subject. And for those who don't understand how monetary policy works, they simply credit/blame the President for the stock market's performance because that's all they understand.
 
Hermes Thoth said:
no polls showed that.
Click to expand...

except they did and there are plenty more where these came from.

Battleground boss: Clinton leads Trump across swing-state map

06/15/2016

...Hillary Clinton leads Donald Trump in the 11 pivotal states likely to determine the outcome of this year’s presidential election, according to the debut of POLITICO’s Battleground States polling average....
Click to expand...

First Read: Jeb Bush Leads the GOP Pack
Jeb leads the GOP pack, according to brand-new national NBC/WSJ poll…
Click to expand...

So as always you are wrong. Oh and stupid.
 
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