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The Stock Market-Economy under Joe Biden!


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2 hours ago, gianmarco said:

Is it amazing that the Dow has reached a record high already under Biden?

Or, really not at all since the POTUS has little influence on it and it will eventually keep going up?

You don’t think stimulus influences the market?:lmao::lmao::lmao:

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1 minute ago, GoBirds said:

If you can’t understand that a President can enact policies, like monster stimulus packages, that impact the markets I’m not sure what to tell you. :lmao:

I didn't say POTUS has no influence.  I said very little.

Over the short term?  Sure, bigger impact depending on certain decisions, such as a stimulus.

Over the long term, which is how the market is viewed for many?  Minimal effect.

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Just now, Alex P Keaton said:

Cool.  Any reaction to the article that he posted, which you replied to?

Of course not.  That would require actually reading it and then admitting to being mistaken.

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1 minute ago, GoBirds said:

Good dodge of the actual example I used of how a POTUS could impact markets?:lmao:

Cool board copping. 

He agreed with you and posted an article about how the market has performed under different administrations.  Too bad you can’t be bothered to read it.  

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4 minutes ago, gianmarco said:

Of course not.  That would require actually reading it and then admitting to being mistaken.

Sorry you can’t ever own when you are wrong. I’ll leave you with another example that would significantly impact markets....although many would be surprised if Biden all of the sudden starts getting his agenda accomplished in DC after decades of not much. 
 

https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/21/bidens-capital-gains-tax-hike-may-big-sell-off-in-stocks-.html

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6 minutes ago, Alex P Keaton said:

He agreed with you and posted an article about how the market has performed under different administrations.  Too bad you can’t be bothered to read it.  

Too bad you have to swoop to the rescue with more deflection to an article about President’s from decades ago instead of the immediate example I gave of $1.9 Trillion stimulus....which will significantly impact markets. Again, thanks for board cop schtick but let’s not. 

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22 minutes ago, gianmarco said:

In one post you saY the president doesn’t matter then the very next post you link this article.  Well it’s must be pure luck because you believe presidents have little impact on market - right?   Imo as long as interest rates are near zero and the feds are pumping huge amounts of money into economy, the market should do very well.  

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24 minutes ago, stlrams said:

In one post you saY the president doesn’t matter then the very next post you link this article.  Well it’s must be pure luck because you believe presidents have little impact on market - right?   Imo as long as interest rates are near zero and the feds are pumping huge amounts of money into economy, the market should do very well.  

Exactly. Just because the market has done better under Democratic Presidents since they've looked at it doesn't mean the market has done better BECAUSE of Democrats.  If you read that article (and others), you'll see many say the same thing.

Same way I don't think the record high in the market today is thanks to Biden. We would have eventually gotten to this number no matter who is in office. So while a POTUS can have some influence from day to day, the bigger picture has very little to do with him and much more to do with general economic cycles and how they respond to a myriad of factors.

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6 minutes ago, gianmarco said:

Exactly. Just because the market has done better under Democratic Presidents since they've looked at it doesn't mean the market has done better BECAUSE of Democrats.  If you read that article (and others), you'll see many say the same thing.

Same way I don't think the record high in the market today is thanks to Biden. We would have eventually gotten to this number no matter who is in office. So while a POTUS can have some influence from day to day, the bigger picture has very little to do with him and much more to do with general economic cycles and how they respond to a myriad of factors.

Come on don’t sell Joe short. :lmao:

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13 minutes ago, The General said:

Another banner day under Joe’s watch. :coffee:Hopefully all the sellers got back in in December. Missing out on the rocket ship. 

He’s actually lowered the trajectory if you look a the charts. I think 2022 should be the rocket ship if he stays out if the way. 

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2 minutes ago, GoBirds said:

He’s actually lowered the trajectory if you look a the charts. I think 2022 should be the rocket ship if he stays out if the way. 

Money put on the sidelines Nov 4 would have been much better put back in Nov 5.

Always a struggle of when to trim and build the reserves, but it’s been a great couple months to have the cash deployed!

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30 minutes ago, gianmarco said:

Exactly. Just because the market has done better under Democratic Presidents since they've looked at it doesn't mean the market has done better BECAUSE of Democrats.  If you read that article (and others), you'll see many say the same thing.

Same way I don't think the record high in the market today is thanks to Biden. We would have eventually gotten to this number no matter who is in office. So while a POTUS can have some influence from day to day, the bigger picture has very little to do with him and much more to do with general economic cycles and how they respond to a myriad of factors.

But the economy has retracted and still in very poor shape yet market at all time high -why?  

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19 minutes ago, The General said:

Money put on the sidelines Nov 4 would have been much better put back in Nov 5.

Always a struggle of when to trim and build the reserves, but it’s been a great couple months to have the cash deployed!

I try to stay long overall and trim some here and there. Hope you were in well before a couple months ago!

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11 minutes ago, GoBirds said:

I try to stay long overall and trim some here and there. Hope you were in well before a couple months ago!

Pretty much the same. Always dumping money in there every 2 weeks. Don’t try to do too much timing, more trimming and reallocation. 

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1 hour ago, gianmarco said:

Exactly. Just because the market has done better under Democratic Presidents since they've looked at it doesn't mean the market has done better BECAUSE of Democrats.  If you read that article (and others), you'll see many say the same thing.

Same way I don't think the record high in the market today is thanks to Biden. We would have eventually gotten to this number no matter who is in office. So while a POTUS can have some influence from day to day, the bigger picture has very little to do with him and much more to do with general economic cycles and how they respond to a myriad of factors.

You came here to dazzle us with this knowledge?   Seems like you're in the wrong thread and 4 years or so too late. 

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2 hours ago, GoBirds said:

Too bad you have to swoop to the rescue with more deflection to an article about President’s from decades ago instead of the immediate example I gave of $1.9 Trillion stimulus....which will significantly impact markets. Again, thanks for board cop schtick but let’s not. 

Ahhh, “board cop shtick.”  I notice you only use that phrase when you can’t address or combat comments directed toward you.  Congrats on that.

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10 minutes ago, Alex P Keaton said:

Ahhh, “board cop shtick.”  I notice you only use that phrase when you can’t address or combat comments directed toward you.  Congrats on that.

Man, you are struggling. 

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1 hour ago, stlrams said:

But the economy has retracted and still in very poor shape yet market at all time high -why?  

Trillions sloshing around.  

I can't wait to see what all this money injected into the system does to wealth inequality.  Right now it's absolutely exploding.  If this printing largesse continues Joe may set a record for inequality increase.

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9 hours ago, Sand said:

Trillions sloshing around.  

I can't wait to see what all this money injected into the system does to wealth inequality.  Right now it's absolutely exploding.  If this printing largesse continues Joe may set a record for inequality increase.

Yep, should provide amazing steroids for the market but the gap is going to levels never seen before. Joe was going to fix that I thought? 

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29 minutes ago, GoBirds said:

Yep, should provide amazing steroids for the market but the gap is going to levels never seen before. Joe was going to fix that I thought? 

Yeah, ridiculous that it'll be 3 weeks he's in office tomorrow and he hasn't fixed this already. 

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11 hours ago, stlrams said:

But the economy has retracted and still in very poor shape yet market at all time high -why?  

Because "the economy" and "the stock market" have virtually nothing to do with each other.  This was or will be true during the Obama years, during the Trump years, and during the Biden years.

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7 minutes ago, gianmarco said:

Yeah, ridiculous that it'll be 3 weeks he's in office tomorrow and he hasn't fixed this already. 

Well he’s clearly on the right track with $1.9 trillion in stimulus....that will impact the markets as a steroid. :lmao:

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35 minutes ago, Rich Conway said:

Because "the economy" and "the stock market" have virtually nothing to do with each other.  This was or will be true during the Obama years, during the Trump years, and during the Biden years.

That’s my point, while the economy is very important the federal government has numerous levers they can pull to sway the markets.   The president has a part of which levers to pull and when.  

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1 hour ago, GoBirds said:

Yep, should provide amazing steroids for the market but the gap is going to levels never seen before. Joe was going to fix that I thought? 

The amnesia. :lmao:.  "Guts to take on wall street."   "Fix wealth inequality."

Biden gets elected and they come right out about how the stock market is so awesome under Democrats.  lolz. 

How many people in the US even have a 401k¿!!? 1!!

 

 

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2 minutes ago, tonydead said:

The amnesia. :lmao:.  "Guts to take on wall street."   "Fix wealth inequality."

Biden gets elected and they come right out about how the stock market is so awesome under Democrats.  lolz. 

How many people in the US even have a 401k¿!!? 1!!

 

 

Their desperation to defend their side at all costs is amazing to watch. 

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We've lost 465,000 Americans to Covid in less than a year.  I am curious, how many of these deaths left an inheritance to heirs?  Heirs that weren't expecting a sudden windfall this soon.  Could that money be finding its way into the markets?  

I don't really know how that works yet, fortunately.  Old man still hanging on strong.   :thumbup:

 

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On 2/7/2021 at 6:22 AM, The General said:

The market and economy health seem to be widely unattached more and more these days. A huge reckoning will come at some point, followed by it going up again.

It's kind of gross how detached they are. Watching people gamble on prospective Covid treatments really opened my eyes to the disconnect. 

While I want people to prosper financially, there's no way things can remain propped up forever. Too many jobs and businesses have been lost to the pandemic.

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5 hours ago, Terminalxylem said:

It's kind of gross how detached they are. Watching people gamble on prospective Covid treatments really opened my eyes to the disconnect. 

While I want people to prosper financially, there's no way things can remain propped up forever. Too many jobs and businesses have been lost to the pandemic.

Yes. For stock advice the thread in the main forum has some good stuff. For months now everything goes up so everyone thinks they are Warren Buffet. It goes up, it goes down, it eventually always goes up again because people have no other place to put their money. 

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1 hour ago, The General said:

:lol: It’s ok to relax.

The markets are going to go up, they are going to go down, they will eventually always go up. 

Only in the PSF do you get spinners trying to spike the ball on flat/down days cuz sleepy Joe. :lmao:

Always good for a laugh. 

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11 minutes ago, GoBirds said:

Only in the PSF do you get spinners trying to spike the ball on flat/down days cuz sleepy Joe. :lmao:

Always good for a laugh. 

I think I am doing the opposite of this.

Very serious business in the Biden Stock Market thread I see. Just as the Trump Stock Market thread was.

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  • 3 weeks later...
6 hours ago, beef said:

:thumbdown: to Joe "the bear market" Biden

 

The current trend leads to S&P 780 by the end of the Biden admin.

Maybe LHUCKS was finally right...

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