stock market was up today...

[W.TN.Orange Blood]

 

[05_never_again]

lol whyre you defending so hard here

Biden had nothing to do with the 20% ramp or this decline.

Why does everything have to be political?

 

[PEPPERJAX]

Where is Paul Krugman when you need him ...
View attachment 664891

Where is Benjamin Franklin?

 

[Thunder Good-Oil]

Has a nice dividend yield at this price

6%. 60 cents on 95 cents of earnings.

 

[Vol8188]

Biden had nothing to do with the 20% ramp or this decline.

Why does everything have to be political?

If you pump money into the economy you get an initial increase before it then comes crashing back to reality

 

[05_never_again]

If you pump money into the economy you get an initial increase before it then some crashing back to reality

Oh, so it's Trump's fault too then?

 

[Thunder Good-Oil]

Biden had nothing to do with the 20% ramp or this decline.

Why does everything have to be political?

Because their anti-capitalist, pro-socialist policies are garbage.

 

[Vol8188]

Oh, so it's Trump's fault too then?

Trump should have never agreed to all the covid relief nonsense, agreed. But for the most part his economic policies and those of his party are far better. Although far from perfect

 

[Thunder Good-Oil]

Oh, so it's Trump's fault too then?

Trump isn’t blameless. But he had to confront the pandemic first.

 

[Matt2496]

Biden had nothing to do with the 20% ramp or this decline.

Why does everything have to be political?

I think at least a factor in this initial selloff is geopolitical instability, especially in the middle east, which I think can be at least partially attributed to weak US leadership.

Unrelated to Biden directly, but it doesn't help that big tech has had over 100,000 layoffs this year. Intel just recently laid off 15,000 which is not promising to say the least.

 

[05_never_again]

Trump should have never agreed to all the covid relief nonsense, agreed. But for the most part his economic policies and those of his party are far better. Although far from perfect

How much debt was added under Trump?

The only differences between Ds and Rs on the economy are around the edges.

 

[Thunder Good-Oil]

Where is Benjamin Franklin?

Where are Benjamin Graham and David Dodd?

 

[05_never_again]

I think at least a factor in this initial selloff is geopolitical instability, especially in the middle east, which I think can be at least partially attributed to weak US leadership.

Also, it doesn't help that big tech has had over 100,000 layoffs this year. Intel just recently laid off 15,000 which is not promising to say the least.

Ukraine and the ME have been on fire for over 2 years now.

The move the last several trading sessions is a freakout about Fed policy and whether or not they've made a mistake with not cutting yet, plus the release of the BOJ minutes last week. Japan isn't falling 20% in 2 days because of ME worries.

 

[PEPPERJAX]

Oh, so it's Trump's fault too then?

I believe you can fault Trump for the first 9 months to a year during the first part of Biden's presidency in sharing some blame but after that Biden and his batch of crackpots should own it.

 

[PEPPERJAX]

Where are Benjamin Graham and David Dodd?

I was referring to the Benjamins that fold brotha.

 

[SayUWantAreVOLution]

One of you young knuckleheads should come up with a:

The stock market is going down faster than Kamala on Willie Brown

meme.

 

[05_never_again]

The S&P is up 21.16% since Russia invaded Ukraine and 20.96% since Hamas attacked Israel.

 

[Thunder Good-Oil]

Ukraine and the ME have been on fire for over 2 years now.

The move the last several trading sessions is a freakout about Fed policy and whether or not they've made a mistake with not cutting yet, plus the release of the BOJ minutes last week. Japan isn't falling 20% in 2 days because of ME worries.

Kamala having a better chance to win over Trump is another recent concern. But control of Congress will be far more impactful. I shudder at the possibility of Kamala not having at least a split Congress to keep her extreme views in check.

 

[05_never_again]

Kamala having a better chance to win over Trump is another recent concern. But control of Congress will be far more impactful. I shudder at the possibility of Kamala not having at least a split Congress to keep her extreme views in check.

There was a very muted market reaction to Biden being pushed out. I do agree that if she wins, Congress needs to be split.

 

[Matt2496]

Ukraine and the ME have been on fire for over 2 years now.

The move the last several trading sessions is a freakout about Fed policy and whether or not they've made a mistake with not cutting yet, plus the release of the BOJ minutes last week. Japan isn't falling 20% in 2 days because of ME worries.

Yes, but there is a very real possibility of a conflict between Israel and Iran based on recent events. I don't think it's unreasonable that it could be at least a factor in the US selloff. I'm not saying it's the primary factor.

 

[Thunder Good-Oil]

I was referring to the Benjamins that fold brotha.

That’s logical. I wasn’t trying to figure out what he had to do with any of it - but thought I’d throw some poop on the wall.

 

[05_never_again]

Yes, but there is a very real possibility of a conflict between Israel and Iran based on recent events. I don't think it's unreasonable that it could be at least a factor in the US selloff. I'm not saying it's the primary factor.

There is definitely a possibility of a conflict occurring, but crude has gone from 84 to 73 over the last 2 weeks. It's selling off for the same reason the equity market is.

 

[utvolpj]

But as I say I'm no expert so, disclaimer, don't rely on my thoughts on it.

I think I speak for everyone when I say we already knew that

 

[Thunder Good-Oil]

There was a very muted market reaction to Biden being pushed out. I do agree that if she wins, Congress needs to be split.

It wasn’t a surprise that he was pushed out. Only the MSM and the liars running the left pretended like it wasn’t inevitable. What could be shocking the markets is that she actually has a shot to beat Trump (after failing to win 1% of the 2020 primary).

 

[Matt2496]

I think I speak for everyone when I say we already knew that

Savage!