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Why do old men on the internet always type in all caps?
BECAUSE IT MAKES IT STRONGER AND MORE FORCEFUL. SEE MY MASSIVE STRENGTH IN THIS POST?
To get to the other side?
CAPS LOCK IS CRUISE CONTROL FOR COOL
BECAUSE I CAN'T SEE WHAT I TYPE OTHERWISE HONEY I LEFT MY GLASSES IN THE BATHROOM AND MY KNEES WON'T GET ME BACK THERE ANY TIME SOON
You know what I read when I look at typical stock market analysis? It's "this company's new product is clearly going to fail and their stock is overvalued", or "this company had financial struggles, but is digging out of it and is undervalued".
You know what I never read when I look at typical stock market analysis? "This company will succeed if Trump is in office".
So correct me if I'm wrong but Trump believes:
-
The stock market at the beginning of the Trump Admin was good because of Trump
-
The stock market at the end of the Trump Admin was bad because of Obama
-
The stock market at the start of the Biden Admin was bad because of Biden
-
The stock market at the end of the Biden Admin was good because of Trump
Is that right?
Look, he's not the brightest bulb in the box, ok?
He's not even an intact bulb. He's the broken pieces you clear out of the box when you open it and realize one has shattered.
He could even be that dead bug in the bottom of the light fixture.
And we all wonder how the hell it got in there.
Republicans are dumber than dogshit.
Pretty fucking rude of you to insult dog shit like that
"Look, all of you are basically here because god wanted to give you me." - trump, probably...
It's hard to believe anyone's actually voting for this dumbass.
Not for me. After nearly 20 years in retail, I can safely say that at least half the people out there are dumbasses. I'm sure that they'd vote for one of their kind.
Not when you consider the people that are voting for him consume very specific propaganda that paints him as the perfect saint, self-made business man and paint his opposition as literal baby murderers and psychotic gender crazy karens. To them it's absolutely rational and anything bad he ever did or said didn't actually happen, it's just "liberal media" lying.
I hate that there are multiple versions of "reality"...
Lmao hes just an old dementia patient screeching at clouds to me now. Diaper don is cracking under the financial and legal pressure, and it's glorious
The only thing I am betting is that Trump continues to shit his diaper and remains obese.
lies told by liar...who would have guessed?
Same old playbook. He did the same thing before.
If my math is right, the Dow was 30,000 shortly after Biden was elected and Trump took credit for it and now it’s 38,000, over a 21% increase in just over 3 years. That’s huge, especially with taming of inflation.
So that translates to a 21% increase for the people right?
Stock markets and GDP are so detached from what people go through these days that I wonder why anyone gives a shit if they go up.
The average (and median) US citizen does have 401k savings that track with market performance. It's a flawed metric, but far from useless either.
Bout to sew my kid's shoes back together right now. I guess those dudes in suits are doing pretty good though.
Frankly people should repair their shit more often IMO, mind you in highschool I stubornly maintained my boots with duck tape.
Quack!
Yeah a lot of people don't realize that it's duct tape.
No. Not even close. In the past 3 years my 401k has gone up literally over 100%
I’ve got about half my 401k in sp500, as well as a few grand independently in an sp500 index.
Lololol. Mmmmkay.
When Trump took office on 1/20/2017, the Dow declined 0.4%, to close at 19,732.40.
When Biden was sworn in on 1/20/2021, the Dow rose 0.4% closing at 30,930.52.
So over Trump's 4 years, that's a net gain of 11,198.12.
As of today, the Dow is up 0.59% to 38,333.45. Or a net gain of 7,402.93 with 11 months left in Biden's first term.
By point of comparison:
Obama 1: 7,949.09 to 13,649.70
Obama 2: 13,649.70 to 19,732.40
Why are you using inauguration date? That's totally meaningless. The day after election night would be a better indicator
It's silly either way. For first term Presidents, none of their policies could have come into effect yet. It's based entirely on what the stock market thinks is going to happen, which is too nebulous to be useful.
Hard delineation point, seemed like a good marker to use.
I usually figure there is about a year at the beginning of each term that is still the result of the previous administration. I'm curious how that would change the numbers here (though not yet curious enough to look it up).
Also, those numbers do a really good job of highlighting just how unrelated the market and the buying power of individuals really is.
In addition, Congress usually passes a government budget before their Christmas break. That results in a new Presdent working from the past President's budget their first year.
What's funny is that he might be right. MACD indicator is showing a reversal right now so if I were a betting man (which I am), I would buy some bearish positions (which I did)
this post was submitted on 29 Jan 2024
108 points (93.5% liked)
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