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What do you attribute the upward soar, after a nose dive right before the election? The Dow Jones absolutely took off, and hasn't looked back, since Biden was the clear winner in the Nov. 3 election.
How do you explain that, except for the money powers that be are optimistic about the financial future of the US?
more stimulus AKA fed money...all smoke in mirrors as the bubble rises
Can anyone spell out what Biden has done to accelerate the stock market?
With Trump, there were tax cuts, deregulation, changing trade agreements with other nations, and bringing manufacturing back to the U.S. There was real growth with investing into large and small businesses.
What has Biden done in 2 weeks to merit this credit people want to give him?
Just hold your horses.
Trump was claiming credit for the stock market in 2016 before he was even President. So, now do you see how ridiculous you Trumpers sounded back then?
Trump was taking credit for the stock market when it continued to climb UNTIL his tax cuts went active. Prior to that, he did the best thing he could have. Nothing. Doing nothing was great. Unemployment was dropping at the same rate it had been since 2011. Markets were still rising at a rate similar if not better than when Obama left office. And he didn't even start pushing buttons and pulling levers.
Then he did start enacting legislature and take other actions. At which point the markets pretty much stagnated from January 2018 through January 2020 - or 50% of Trump's tenure.
I'll be the first to say that whatever the market is doing right now is mostly just normal fluctuation coupled with maybe some optimism (or pessimism) about what Biden's administration MIGHT do.
I suggest all Democrats pile into the stock market since they claim competent leadership is driving the rise. Go ahead and put your money where your convictions supposedly lie.
Thats right. And cons too. Its time to go full bore. Smart people are taking second mortgages at 8 or even 10 percent interest and piling that cash into the DOW because the government has virtually guaranteed it will go to 40k by mid year. Its a no brainer until the fed takes a whiz on the party and bumps interest a quarter point. Then its last one out is a rotten egg.
We are probably in a bubble - both in the markets and in real estate.
Did it make sense when markets plummeted with the onset of the pandemic? Yes.
Did it make sense when the markets rebounded past its previous pre-pandemic high while unemployment was high and GDP was negative? No
The market will correct again. While I'm not a professional market trader, I don't understand what is driving the market right now to be at 31k+. Considering the other economic indicators, this makes no sense.
We are probably in a bubble - both in the markets and in real estate.
Did it make sense when markets plummeted with the onset of the pandemic? Yes.
Did it make sense when the markets rebounded past its previous pre-pandemic high while unemployment was high and GDP was negative? No
The market will correct again. While I'm not a professional market trader, I don't understand what is driving the market right now to be at 31k+. Considering the other economic indicators, this makes no sense.
It does seem odd. Market movers were predicting a correction pre-covid back in late 2019 when the dow was like 28k— that never materialized although we did get the big covid spasm. We’ll see.
Well to be fair, not really. Presidents get credit for booming markets or when markets tank, but in reality, it just isn't so.
There are 11 sectors that dictate the health of the stock market, and one man can not control a beast that big. If they could. There would be no down turns.
I've found it much easier to pick the winners under Biden--- clean energy stocks and etfs.
At least I don't have to worry about midnight tweets anymore.
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