Dow 40,000

[Dadoalex]

It's more or less languishing with AI propping it up.....Everyone can see that the economy is slowing. Small businesses are the ones currently taking it on the chin.

BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year

A majority of small and mid-sized business owners expect their revenues to increase this year, and their worries over a recession have declined substantially, according to the 2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute.

newsroom.bankofamerica.com

New Reports Show Small Business Owners Are (Mostly) Positive About 2024

The latest reports show that the 2024 outlook for small business owners is mostly optimistic, though challenges remain.

www.forbes.com

 

[Dadoalex]

Awesome! Praise for the prezophile

from the party that can't keep their minds out of children's underwear.

 

[iamwhatiseem]

The Dow Jones Industrial Average hit 40,000 yesterday. Awesome.

Let's go Brandon!

https://www.cnn.com/2024/05/16/investing/dow-40000/index.html

Isn't it amazing that the Dow follows the national debt almost perfectly?

 

[BrokeLoser]

Sure, it is just pure coincidence all the Trump worshipers post the same things all the time....

 

[Harpy Eagle]

View attachment 948210

Yep, both sides are brainwashed.

What is your point?

 

[Dadoalex]

I moved an IRA account to "more saftey" after the Chowderhead was installed via Election Fraud. MAR 21, 2021. I had a little more before under Trump than I do now. Obiden killed the Bonds market in 2022 (same as Obiden 1.0).

But all said.......I am glad (and surprised) I am nearly back to my Trump peak. But up a total of ~13% over nearly four years? Nothing to write home about. High yeid savings accounts are giving 4.5% per year right now. The Bond problem seems to have corrected and I am having more steady gains now. I am extremly happy they did not kill the Markets totally like they did 07-08'

Yes yes if one could risk it and time the markets they could have made even more the last two years in Large Cap. This below is actual todays' numbers. Real life. Real working taxpayer accounts with no time to micro-manage it. 2022 was horrible.
View attachment 948053

Another getting his financial advice in internet chat rooms.

 

[BrokeLoser]

Yep, both sides are brainwashed.

What is your point?

I’m pretty sure you fence-sitters have made it crystal clear… You are the ones who are brainwashed.

 

[Cellblock2429]

Funny, in 2020 it wa son its way up as well...

View attachment 948197

Seems you're mistaking the stability of Biden for the HOLY SHIT of Trump.
Investors don't like "HOLY SHIT"

/—-/ Hey kid, investors follow the S&P 500. The Dow is only 30 stocks and for the general public.

 

[Dadoalex]

/—-/ Hey kid, investors follow the S&P 500. The Dow is only 30 stocks and for the general public.

Check the thread title buckless.

 

[Fort Fun Indiana]

Isn't it amazing that the Dow follows the national debt almost perfectly?

Is it? Great, explain to us how it is not just correlation, but rather causation.

I mean, the DOW always increases, as does the debt. So you're point is thus far no deeper than saying the DOW follows the sales of cell phones perfectly.

 

[White 6]

Some of us have done well under both Trump and Biden, how is this possible?

Hard work and conservative money management actually works? Go figure.

 

[odanny]

Hard work and conservative money management actually works? Go figure.

No President has had any major impact on my retirement savings, and I will be the first to admit it did better under Trump than it ever did under Obama, but the benefits I saw under Trump I am also seeing under Biden.

You're right, being frugal, avoiding depreciating assets/debt (like an expensive car), and consistently putting your money to work for you has brought me benefits that I truly never understood until I retired.

 

[odanny]

But a nice reminder of how production and prices keep outpacing wages.

This is rich man's poker. The median household doesn't have money to risk in the stock market.

It all started in 1980, and Reaganomics.

Productivy kept rising, but for the first time since WWII, wages flat lined.

 

[airplanemechanic]

/—-/ Because investors see Trump leading in the polls. Poppy pants is fading fast.

Kinda like when the stock market shot up the day after Hillary lost and Trump won?

 

[John Edgar Slow Horses]

It did with Obama.

Let’s take a look at the Gross Domestic Product (GDP) growth during the terms of these presidents:

1. Barack Obama:
   • President Obama took office in January 2009, during the height of the global financial crisis. The economy was in a severe recession.
   • His policies, including the American Recovery and Reinvestment Act (ARRA), helped stabilize the economy and end the recession.
   • Average annual GDP growth rate during Obama’s presidency: 2.3%1.
   • Notably, Obama inherited a challenging economic situation, and his policies contributed to gradual recovery.
2. Joe Biden:
   • President Biden assumed office in January 2021, amid the COVID-19 pandemic.
   • His administration implemented significant stimulus measures to support economic recovery.
   • Real GDP growthduring Biden’s presidency:
     • 2021: 5.8% (rebounding from the pandemic-induced decline in 2020).
     • 2022: 1.9%2.
   • Most recently, in 2023, the real GDP growth reached 5.7%, the highest annual rate since 1984, and 7.4 million jobs were created3.
   • Democratic presidents often inherit weak economies and leave their successors with stronger ones.

In summary, both Obama and Biden faced economic challenges upon taking office, but their policies contributed to economic growth during their terms. Keep in mind that GDP growth is influenced by various factors beyond a president’s control, but these figures provide an overview of their economic impact.

It did with Biden.

Let’s take a look at how the stock market performed during the period around Joe Biden’s election:

1. S&P 500 Performance Under Biden:
   • Since President Joe Biden’s inauguration in 2021, the S&P 500 benchmark has seen a 34% gain1. This performance is better than the S&P 500’s performance under former President Donald Trump at a similar stage in his term.
   • In mid-March 2020 (around Trump’s inauguration), the S&P 500 was up by only 6%.
   • It’s important to note that the market’s performance is influenced by various factors beyond a president’s control.
2. Other Metrics:
   • The Dow Jones Industrial Average (DJIA) has risen 26.5% under Biden, compared to a 6.7% gain under Trump after a similar number of days in office.
   • The Nasdaq, however, has gained 23.3% under Biden, while it gained 33.1% under Trump at this point in his presidency2.
3. Biden’s First Year:
   • During Biden’s first year in office, the S&P 500 gained 37.4%, which was the best one-year market return under a president since Harry Truman in 19453.
   • Biden’s stock market performance has been remarkable, surpassing that of his predecessors4.

In summary, the stock market has generally performed well during Biden’s presidency, but it’s essential to recognize that market movements are influenced by a complex interplay of economic factors, policies, and global events.

 

[Fort Fun Indiana]

It all started in 1980, and Reaganomics.

Productivy kept rising, but for the first time since WWII, wages flat lined.

Yep. Con of the century.

 

[Fort Fun Indiana]

Hard work and conservative money management actually works? Go figure.

Buy not buying anything, I can afford to buy the things I need. As long as I don't actually buy them.

This is a lot closer to reality for most Americans than what you describe.

 

[White 6]

Buy not buying anything, I can afford to buy the things I need. As long as I don't actually buy them.

This is a lot closer to reality for most Americans than what you describe.

That is not true for most Americans, most of the time. But, heck, I started out that way, myself.

 

[Fort Fun Indiana]

That is not true for most Americans, most of the time. But, heck, I started out that way, myself.

Actually, it is true for most Americans, most of the time. Look at household debt. Look at median household income. Compare it to average home and car prices.

Prices and production continue to increase. Wages continue to stagnate. You will need a magic wand to get around these facts. The consequences are as predictable as the sunrise.

 

[RhodyPatriot]

Please don't anyone take this broke fool's monetary bets.

You so ashamed you can't look at your pecker while jerkin' it.

Truly profound.