Stock Market smashes through 30k
- Thread starter Raoul2
- Start date
So because Biden was elected Prez that's the reason for the stock market gain?
I haven't argued politics with anyone on this board, but i got news for you, it would be if Trump was re-elected too
I haven't argued politics with anyone on this board, but i got news for you, it would be if Trump was re-elected too
True that. Every team has their ups and downs, Pats have been up for so long that their spiral down was hard and fast. Could be worse, they could be the Jets
Its a combination of the vaccine being on the horizon, the Biden win (which will reduce uncertainty), and the fact that market makers can start building long term positions based around Biden's economic plan.
The wise Wall Street people have spoke as to why. I can see that you are not exactly in the financial sector. Market was soaring up BEFORE the election when Biden was way ahead. This is because they were betting that the Good Guys would keep control in the Senate and close the House to almost break even, therefore keeping checks and balances and giving the Dems no chance to pass crazy stuff like windmills, free healthcare for all (even illegals) and defunding cops.
And guess what, the Wall Street sharps won again!
It’s got everything in the world to do with probable vaccines - Howdy Doody could be President ( and he will be soon )and it will be up for a while - If in January the Republicans don’t keep control of the Senate watch the market dive
Maybe but that isn't what he is saying though. Markets want stability that's all. Bidens policies of are no concern.
Yea the Dow loves higher taxes and ending energy independence..
Next you’ll tell me that Biden was behind Warp Speed... Laughable you Dems still living in a fantasy world...
Real reason is 3 vaccines from Warp speed and knowing your not going to have majority in the senate..
Biden will be a lame duck Pres as was Odumba...
The virus ending is one factor, so is the President of the future because its his fiscal policy that market makers will have to work with. If hedge funds and investment banks thought Biden would be bad for business, they would be taking short positions right about now. The fact that the markets are up is also consistent with how they behaved immediately after Trump's election. They are pricing in the political economics of the new administration alongside a larger than expected Biden stimulus (which will provide free bail out money to various sectors) alongside the COVID vaccine.
Biden hasn’t even taken the Oath and he’s already paying dividends....Nice..
From the time Obama/Biden took over in 2008 ( where the market was) until they left in 2016 uhh Wall Street loved them very much.
Go do the research on how much the market increased from what they inherited from W Bush and what they handed trump.
It's amazing how Republicans think. They don't want taxes or debt. Meaning they don't want the moneyto pay for anything but want to buy with no debt. It's the dumbest shit you will ever see.
We are trillions in debt. It's a problem with Obama in office. But with Trump in office it is no problem.
You have to have taxes to pay our bills. Also amazing to me is how people act like Biden is raising taxes on THEM as if they are wealthy.
We are trillions in debt. It's a problem with Obama in office. But with Trump in office it is no problem.
You have to have taxes to pay our bills. Also amazing to me is how people act like Biden is raising taxes on THEM as if they are wealthy.
Slowest recovery since the great depression...
Never higher than 1.5 % GDP yea.. really good..
Yea Dems will not hold the senate... Thats what their banking on ...
If ur lucky enough to grab the majority in the senate stock market will drop like a rock in water...
Funny...when Obama took over from W he inherited the Great Depression. Worst economy and everything that matters in modern history. Look it up
It’s amazing Obama/Biden got us out of that huuuge hole even without republican support.
Lets not forget Odumda added 11 trillion ro the national debt in 8 years doubled it by every Pres. Combined in US history ..
What the fucck did he show for it.
Nothing...!!!!
Yea ok higher taxes ending energy independence along with the Green new deal...
If you believe that I have some swamp land to sell you..
Good find
On top of that Brandon is still pitching for an increase in the long term cap gain rate , which is sure to send the market down another 10 %. The markets are very psychologically driven
The need positivity to rise
They also are forward looking .
Right now the markets are looking at a government that is peppered with socialists, who are focused on diversity rather encouraging profits . A government who consider CEO’s making top $ villains, but cheer dysfunctional celebrities making twice their salaries.
The first reaction to increases energy costs was to blame corporations, not failed policies. The second reaction was to propose more government spending to intervene in our business sector with the heavy hand of government
My only regret is that I didn’t act in my suspicion sooner . It was only a matter of time before the sledgehammer of the democrats can down in our economy.
Free stuff
Free rent
Free tuition
Forgiven tuition
Excessive Obamacare subsidies
Increases taxes for middle Americans
Halting of drilling/ exploration
The list goes on
And yes , the market is the economy, or at least a sizable component. People are feeling the loss of wealth. Between that and rising interest rates , we are headed into a recession which will be painful for all
On top of that Brandon is still pitching for an increase in the long term cap gain rate , which is sure to send the market down another 10 %. The markets are very psychologically driven
The need positivity to rise
They also are forward looking .
Right now the markets are looking at a government that is peppered with socialists, who are focused on diversity rather encouraging profits . A government who consider CEO’s making top $ villains, but cheer dysfunctional celebrities making twice their salaries.
The first reaction to increases energy costs was to blame corporations, not failed policies. The second reaction was to propose more government spending to intervene in our business sector with the heavy hand of government
My only regret is that I didn’t act in my suspicion sooner . It was only a matter of time before the sledgehammer of the democrats can down in our economy.
Free stuff
Free rent
Free tuition
Forgiven tuition
Excessive Obamacare subsidies
Increases taxes for middle Americans
Halting of drilling/ exploration
The list goes on
And yes , the market is the economy, or at least a sizable component. People are feeling the loss of wealth. Between that and rising interest rates , we are headed into a recession which will be painful for all
It always amazes me when people that think they shouldn't have to pay taxes complain when people get things for free.....because they think they aren't free loading themselves....well....YOU ARE!
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