T O P I C R E V I E W |
Randall | This is the 9th all-time high in 2020 and the 48th time in the Trump administration. The vaccines are what took it over the top. We were happy 3 years and 10 months ago when the DOW broke 20,000 for the first time! This is a 50 percent increase in wealth under Trumpenomics. |
PhoenixRising | Obama/Biden took care of the 2008 crash and since then the US economy has been in auto pilot mode. Biden's treasury pick news ignited the market plus a news on several vaccines efficacy. Trump with his misleading foreign policy has created a lacuna in the supply demand chain. |
Randall | Auto mode? President Trump’s tax cuts and drastic reduction in regulations fueled the increases in the market. Obamanomics never broke 19,000. Obama strangled the economy with over 80,000 new regulations and restrictions on business. The only thing that helped on Biden’s part is what he DIDN’T do. He didn’t make that bat sh*t crazy Elizabeth Warren the Secretary of Treasury. Yellen will keep interest rates low. It looks great that Republicans will keep the Senate, so Biden’s tax hikes won’t happen, and that is why the DOW didn’t tank after the election. |
MarsSaturnDelight | Have you thought that one of the reasons the increase was due to a potential new president being elected? Very possible. |
PhoenixRising | We will see, there are people like the senator from Mass who is a Republican but weighs his options before voting. Warren comes from a poor background. She won't understand finance. Dow Jones was predicted to become 30,000 back in 2015. It is a loose index and not punishing like the others. SandP 500 is reasonable and has a good mix of companies.
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PhoenixRising | The markets reflects the sentiments of the main street. Having a vaccine is good news for the main street and hence the markets. Hope Biden protects the rights of the American workers under fascists lords. |
MarsSaturnDelight | Maybe. Doesn’t stop of all the Chinese and Russians piling money in, considering it could be Biden as the next president. But, am taking a leap. Just speculating. |
Randall | Show me that 2015 prediction. The thing about the market is that it runs real-time. When Biden “won,” it didn’t crash, because of divided government. Tax hikes don’t jibe with well with DOW increases. The Senate will prevent Biden’s tax plan. Since the vaccine was announced today, it’s more than likely to be the driving force behind today’s record. |
PhoenixRising | I remember hearing this in a lecture. Google "Dow Jones 3000" and there is an article from 2016. Dow Jones could grow 100,000 ifno more recession
Check this out: Dow 100,000: Fact or Fiction, by Charles Kadlec [URL=http://www.benzinga.com/news/13/02/3301607/the-5-worst-books-on-investing-ever-written]http://www.benzinga.com/news/13/02/3301607/the-5-worst-books-on-investing-ever-written[/ URL] |
PhoenixRising | The top 3 person in America is as rich as the bottom 50% of the Americans. We should tax the rich tad higher than the average and allow for grievances elsewhere if they are making loses. Exploited natural resources should be shared with people in general. Even intellectual developments should be. Because of synchronicity two people discovered the theory of relativity in the same time period. Existence is mysterious . |
Randall | If Biden gets his way with tax hikes, you will see the markets drop faster than Epstein was suicided. |
PhoenixRising | I sincerely feel bad for you all who voted for Trump. I would have voted for him too but his progress card was bad. He has created a gap in demand /supply and the world is starving. The world is sick .4 more years and a lot worse could have happened to the USA. The dark clouds have gone for now and the sun will shine soon. I hope we are out of the woods.
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Randall | You are going to see four more years of Trump—either now or in 2024. In case of a Biden run, the media will be reporting more on his tweets than on anything Biden says. |
teasel | This happened after Biden’s transition team were given the go-ahead. |
teasel | quote: Originally posted by Randall: Show me that 2015 prediction. The thing about the market is that it runs real-time. When Biden “won,” it didn’t crash, because of divided government. Tax hikes don’t jibe with well with DOW increases. The Senate will prevent Biden’s tax plan. Since the vaccine was announced today, it’s more than likely to be the driving force behind today’s record.
He won. He actually won. |
teasel | quote: Originally posted by Randall: You are going to see four more years of Trump—either now or in 2024. In case of a Biden run, the media will be reporting more on his tweets than on anything Biden says.
This is exhausting. |
Randall | The only thing exhausting is watching Biden ramble and try to remain coherent for more than a few minutes. |
PhoenixRising | It will be nice to see a wise guy not overtly complicating things in the white house for once. |
Randall | Yeah, they will all be quiet and polite, but they will be destroying America behind the scenes. |
Randall | I’ll take boisterous freedom over quiet enslavement any day. |
Randall | NASDAQ and S&P closed at all-time highs today! |