Trump was right! Stock markets crash (to new highs)

[SteveG]

It's Biden's fault!

S&P 500 jumps 1% to post record close, ending session above 5,300 for the first time
https://www.cnbc.com/2024/05/14/stock-ma...dates.html

The S&P 500 and Nasdaq Composite popped to record highs Wednesday and added to their strong 2024 performances. The major averages were boosted by a lighter-than-expected U.S. consumer inflation report.

The broad market index gained 1.17%, breaking above 5,300 for the first time, to end at 5,308.15. The tech-heavy Nasdaq Composite rose 1.40%, to close at 16,742.39. The Dow Jones Industrial Average
climbed 349.89 points, or 0.88%, ending at 39,908.00.

[Mr645]

making the rich, richer.

I love it, I am making killer returns on my retirement savings and still have access to low car loan rates and a 2.5% mortgage

[Speedy]

Mr645 wrote:
making the rich, richer.

I love it, I am making killer returns on my retirement savings and still have access to low car loan rates and a 2.5% mortgage

I aid cash for my car. Hopefully your payments aren’t too burdensome.

[Speedy]

But what will the markets do over the next six months? When things are going well the administration gets no credit, but a decline will mean they will get all the blame.

[sekker]

Speedy wrote:
[quote=Mr645]
making the rich, richer.

I love it, I am making killer returns on my retirement savings and still have access to low car loan rates and a 2.5% mortgage

I aid cash for my car. Hopefully your payments aren’t too burdensome.
He’s posted about his automobile stable here before. I doubt he has any real principle to pay off unless he has a new car.

[sekker]

Mr645 wrote:
making the rich, richer.

Ok, I’ll bite. This used to be a good thing based on trickle down economics.

So what is it - good or bad that the stock market is doing well?

[Mr645]

sekker wrote:
[quote=Mr645]
making the rich, richer.

Ok, I’ll bite. This used to be a good thing based on trickle down economics.

So what is it - good or bad that the stock market is doing well?
A rising stock market is great for those with stock portfolios. But according to CNC "If it seems like your paycheck disappears as quickly as it hits your bank account, you're not alone. More than 60% of Americans live paycheck to paycheck as of September 2023

For half the nation, the bottom half, record inflation far out weighs their investment income.

As far as cars, I get 5% loans from Bank Of America which is lower than my earnings on investments so I borrowed 100% of the purchase price on my current car, a 2022 Cadillac CT4 Blackwing.

The only way trickle down works s when inflation is low, much lower than wage growth. The left created a term called "Core inflation" which does not include food or energy. But food and energy costs are critical categories

[pdq]

Inflation is lower than wage growth (particularly in the lower quartiles); has been for some time now.

And do only rich people have 401ks?

Biden is making most people richer.

[sekker]

Mr645 wrote:
[quote=sekker]
[quote=Mr645]
making the rich, richer.

Ok, I’ll bite. This used to be a good thing based on trickle down economics.

So what is it - good or bad that the stock market is doing well?
A rising stock market is great for those with stock portfolios. But according to CNC "If it seems like your paycheck disappears as quickly as it hits your bank account, you're not alone. More than 60% of Americans live paycheck to paycheck as of September 2023

For half the nation, the bottom half, record inflation far out weighs their investment income.

As far as cars, I get 5% loans from Bank Of America which is lower than my earnings on investments so I borrowed 100% of the purchase price on my current car, a 2022 Cadillac CT4 Blackwing.

The only way trickle down works s when inflation is low, much lower than wage growth. The left created a term called "Core inflation" which does not include food or energy. But food and energy costs are critical categories
I love how you cherry-pick what is 'left' vs 'right'.

Even the modern Orange version of the Republican Party claims that the rich getting richer benefits EVERYONE. That was one of the basis for the 2017 tax 'reform'. They are also the strongest proponents of keeping the capital gains tax so low. And to keep taxes on businesses low - after all, if you want to benefit from profits in companies, you have to own stock.

We are NOT having 'record' inflation. You do not seem to recall the 1970s/1980s.

And the definition of 'core inflation' is not Left. It's a long-standing economics indicator.

[DeusxMac]

Mr645 wrote:
But according to CNC "If it seems like your paycheck disappears...

"CNC"

computer numerical control?

consensual non-consent?

China Network Communications?

College of New Caledonia?

Command and Conquer?

Charlotte, North Carolina?

Civil Nuclear Constabulary?

Congreso Nacional de Canarias?


“We won with poorly educated…" "I love the poorly educated!"