The Economy

[Driftwood]

They don't have to get worse. They are being made worse by morons who don't care as long as they've got theirs.

 

[Neutral Corner]

Dow down another 651 so far.

 

[Deskgrunt50]

Higher prices on everything and losing retirement money is what trumplicans voted for. To own the libs.

 

[dixiehack]

Pretty soon we won't be able to afford even renting one.

 

[micropolitan guy]

The indices are about where they were on election day. Nobody complained about them going up for 2.5 months.

Again, Trump had no power to make policy until Jan. 20. The second he started making policy, shirt crashed.

 

[BTExpress]

If your investments return to where they were a quarter ago you have not broken even. You have fallen behind due to inflation and having less time (granted incremental) to recoup your losses before you either leave the market or are forced out of it by the mortician.

Six of one, half dozen of the other. You theoretically are better off because of dollar-cost averaging (buying more shares when they are low and fewer when they are high) over time if you are making regular purchases.

 

[Brooklyn Bridge]

Higher prices on everything and losing retirement money is what trumplicans voted for. To own the libs.

I feel so owned, can we make it stop now?

 

[justgladtobehere]

Again, Trump had no power to make policy until Jan. 20. The second he started making policy, shirt crashed.

What did Joe Biden and a lame duck Congress do to cause a run up? What did they do to help Tesla, which has a similar trajectory? The market moved because Trump was elected in anticipation of what would happen to the various companie making up stock indices. Just look at the charts.

 

[BTExpress]

Much of the run-up had to do with the earnings and jobs (+227,000) numbers that came out for that month . . . which does theoretically translate back to Biden administration.

 

[WriteThinking]

I'm curious whether anyone has pulled out their 401k money en masse just to try to put it somewhere safer lately?

I've been thinking, more and more, that as soon as I am able to do so without penalty, I may be doing that.

 

[DanielSimpsonDay]

remember this is necessary pain to if you're on board or if this is bad remember that joe biden did this

 

[garrow]

Imagine hating taxes so much you prefer a chaotic economy run by a madman which will lead to crushing of consumer demand.