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I was told the stock market didnt matter when Trump was POTUS.
I was told it was all about regular folks and their cost of living expenses. I wonder how things like housing, food, gas and insurance are doing?
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
CHEEZY17 wrote: ↑Sun Aug 18, 2024 6:22 pm
I was told the stock market didnt matter when Trump was POTUS.
And you said it did.
So you should be thanking Biden, right?
It did and it still does as one indicator of overall economic health. I am happy the market is generally doing well. I would be happier and willing to give Shit Show more credit if he hadnt of insisted on that last round of stimulus that even his own advisors warned him against fearing the exacerbation of inflation. Which, of course, they were right about. Our stock market gains, while nice, mean less now because our money is worth less than it was.
The main problem for Shit Show and Knee Pads is that Americans dont pay their rent, mortgage, grocery bill, car insurance or electric bills with devalued stock market gains and those things are where inflation has remained stubbornly persistent.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
it appears that the democrats learned absolutely nothing from $$ they spent buying votes 4 years ago. The stimulus package that was no longer needed and the $2500 checks they mailed out, etc. They couldn't understand then that it would lead to inflation and I guess they still can't figure it out after 4 years of proof.
so now they are doubling down on the same stupidity by promising $25,000 free money to buy a house, price fixing legislation, etc. its actually criminal how stupid they are about economics. Oh well, keep handing out free money to them. It all ends up in the hands of the wealthy as soon as they spend it and all they are left with are higher prices.
The stock market doing well can be a sign of a good economy, sure, but it can also be a sign its about to pop a bubble. It depends on who's investing. If it's the people, good, if it's mostly the rich and big businesses, probably bad.
necronomous wrote: ↑Mon Aug 19, 2024 12:58 am
The stock market doing well can be a sign of a good economy, sure, but it can also be a sign its about to pop a bubble. It depends on who's investing. If it's the people, good, if it's mostly the rich and big businesses, probably bad.
The stock market has a built in performance generator that drives the market regardless of how well companies are doing. Every day, millions of $$$ of new money flood into IRA's, 401Ks, pension funds, savings accounts, etc. And all of that money either trickles into stocks or is dumped into mutual funds. Not because of how good or bad the market is doing, because that's the only place they have to invest it. We all know that prices are a function of supply and demand. These investments are the demand. We know the supply stays about the same. Its pretty simple math from there.
Some incredible buying opportunities. There are so many I want to pick up right now. This could be even better than the stuff I bought during the covid dip.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
I am certainly not excited about the current stock market, but this thing has been due for support building. I like the shakeup and figure out how firm it really is. It certainly hasn't toppled, which is the best sign.
I have heard a few Trump people spouting off a date of April. Like we will start to notice changes in April, etc. Maybe they will get all of this shake up stuff done in a few weeks and the market can get back to some certainty,
Animal wrote: ↑Tue Mar 11, 2025 8:56 pm
I am certainly not excited about the current stock market, but this thing has been due for support building. I like the shakeup and figure out how firm it really is. It certainly hasn't toppled, which is the best sign.
I have heard a few Trump people spouting off a date of April. Like we will start to notice changes in April, etc. Maybe they will get all of this shake up stuff done in a few weeks and the market can get back to some certainty,