Biden’s political decisions crushing the market, now Dow is under 30k…a year ago, high stock market was attributed to Biden

[ColonelAngus]

The cult TOUTED the stock market when it was high and claimed it was BECAUSE OF THEM….now when it crashes, they say it is not them?

Biden's 100-day stock market performance is the hottest going back to the 1950s

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.

www.cnbc.com

THIS AGED POORLY!

Dow Jones INDEX TODAY | DJIA LIVE TICKER | Dow Jones QUOTE & CHART | Markets Insider

Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents.

markets.businessinsider.com

 

[Slade3200]

The cult TOUTED the stock market when it was high and claimed it was BECAUSE OF THEM….now when it crashes, they say it is not them?

Biden's 100-day stock market performance is the hottest going back to the 1950s

So far in his young presidency, President Joe Biden has been one of the best friends the stock market has ever had.

www.cnbc.com

THIS AGED POORLY!

Dow Jones INDEX TODAY | DJIA LIVE TICKER | Dow Jones QUOTE & CHART | Markets Insider

Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents.

markets.businessinsider.com

Sounds like a perfect time to buy… load up. This is when the money is made

 

[ColonelAngus]

• President Joe Biden has witnessed an unprecedented growth on Wall Street in his first 100 days in office, better than any of his predecessors going to at least Dwight Eisenhower.
• Massive stimulus and a booming economy, both of which were underway well before he took office, have helped propel the market.
• If anything, the market’s main worry may be that it’s moving too fast and a policy mistake could slow it down.

OOPS! CAREFUL ABOUT THAT 3rd ONE.

Dumbasses.

 

[Slade3200]

• President Joe Biden has witnessed an unprecedented growth on Wall Street in his first 100 days in office, better than any of his predecessors going to at least Dwight Eisenhower.
• Massive stimulus and a booming economy, both of which were underway well before he took office, have helped propel the market.
• If anything, the market’s main worry may be that it’s moving too fast and a policy mistake could slow it down.

OOPS! CAREFUL ABOUT THAT 3rd ONE.

Dumbasses.

Haha. Which policy mistake do you think tanked the market?!

 

[Nostra]

Haha. Which policy mistake do you think tanked the market?!

First and foremost, flooding the market with trillions of borrowed dollars.

 

[Lisa558]

Sounds like a perfect time to buy… load up. This is when the money is made

Too early. The Dems are still waging war on oil companies, and Biden still wants more reckless spending. Until Dems see reason, if that’s even possible, or the midterms arrIve where we kick their America-hating butts out, we have further down to go.

My advice to retirees in particular, who have seen their portfolios drop by a third, is to have enough in cash until we can get a normal person into the WH.

 

[Lisa558]

First and foremost, flooding the market with trillions of borrowed dollars.

Yup. That last $2 million giveaway was totally unnecessary. Even a college freshman with Econ 101 under his belt would have known this would exacerbate inflation. That tells me the radical left knew also, and this is all by design.

 

[Mac1958]

First and foremost, flooding the market with trillions of borrowed dollars.

Holy crap. Talk about BLIND. Your demigod not only BENEFITTED from that, he BEGGED FOR MORE.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

 

[Mac1958]

Once again, the arrogant ignorance of Trumpism displays itself. And never more so, than on markets and economics.

 

[ColonelAngus]

Its not at the low point.

The market was SUPER INFLATED.

The P/E ratios were insane.

Anyone who is not a brainwashed cult dumb fuck could see this coming 10 miles away.

WELL HERE IT IS.

I missed it by about 10 months, I really thought what has happened over the past 30 days was going to happen last summer.

 

[whitehall]

Down 800 points last time I looked. Now some media sources are advising Americans to stock up on essential items in case of some economic disaster. A bedbug infestation from illegal aliens distributed around the U.S. and mothers still can't get baby formula. We turned into a 3rd world country in 18 months

 

[Meister]

A year ago, Joe was riding on Trump's coattails with the economy.
Now that we have Bidenomics in place, this is all Joe's doing.

 

[Oldestyle]

Holy crap. Talk about BLIND. Your demigod not only BENEFITTED from that, he BEGGED FOR MORE.

Trump calls on Fed to cut rates by 1% and urges more quantitative easing

In a two-part tweet, the president says more easing would make the economy "go up like a rocket."

www.cnbc.com

Ah, Mac? How many rate increases did the Trump Administration have to absorb from the Fed? Compare that number to Barry and to Joe.

 

[Lisa558]

Its not at the low point.

The market was SUPER INFLATED.

The P/E ratios were insane.

Anyone who is not a brainwashed cult dumb fuck could see this coming 10 miles away.

WELL HERE IT IS.

I missed it by about 10 months, I really thought what has happened over the past 30 days was going to happen last summer.

I missed it by more. Before the 2020 election, I feared that the media’s brainwashing of gullible voters might work, and that Biden could win. Knowing that he would wage war on energy producers, and flood the market with unnecessary spending, I was prepared for a market downturn and moved into a 30% cash position.

I was surprised that we didn’t have a immediate crash when The Demented One won, but I knew the Fed was keeping things propped up and that Biden’s capitulation to the far left Democrat Socialists would eventually result in inflation, a forced move up in interest rates, and a massive move downward In the market.

And here we are.

 

[ColonelAngus]

I missed it by more. Before the 2020 election, I feared that the media’s brainwashing of gullible voters might work, and that Biden could win. Knowing that he would wage war on energy producers, and flood the market with unnecessary spending, I was prepared for a market downturn and moved into a 30% cash position.

I was surprised that we didn’t have a immediate crash when The Demented One won, but I knew the Fed was keeping things propped up and that Biden’s capitulation to the far left Democrat Socialists would result in inflation, a forced move up in interest rates, and a massive move downward.

And here we are.

This is why. Notice any trnd on this M1 money supply curve?

We LOCKED DOWN, PAID PEOPLE TO STAY HOME AND NOT PRODUCE, AND PRINTED MONEY.

When more money is chasing less goods, it leads to INFLATION.

The air is coming out of the balloon. You were CORRECT that it should have crashed earlier.

I love it when assholes who got degrees in Elizabethian Poetry try to tell me about economics and finance.

 

[Tom Paine 1949]

Not a single reputable economist blames the Biden Administration for the present world stock market fall. Not the WSJ, not Bloomberg, not Forbes, not the world’s Central Banks here or in Europe or Asia. The stock markets in the U.S. particularly have been propped up by loose regulatory, tax and Central Bank policies since well before 2008. It is overdue for a serious decline that will wipe out a great deal of the money sloshing around speculatively and unproductively in the system.

Now that serious external shocks have triggered inflation, and rising rates to deal with it have triggered a market decline, there may be opportunities to enter our “casino” stock market. Forget crypto!

If the financial side of this crisis worsens, we may end up seeing a financial credit crisis and bankruptcies as in 2007-2009. All this may accelerate a big European (or even U.S.) political crisis. Again, if the war in Ukraine spreads or continues unabaited, the energy pressures on Europe will spill over into political crisis, and financial crisis there will be contagious internationally.

Of course our Trump trolls couldn’t care less about studying the real causes for world inflation. Ditto with the present decline in world asset values of stocks — which I consider a good thing.

(I personally hope the stock market decline continues. When — and if — the market falls 35-40% from its top I plan to start buying stocks again.)

 

[struth]

Haha. Which policy mistake do you think tanked the market?!

electing Joey Xiden and the dems

 

[Slade3200]

Too early. The Dems are still waging war on oil companies, and Biden still wants more reckless spending. Until Dems see reason, if that’s even possible, or the midterms arrIve where we kick their America-hating butts out, we have further down to go.

My advice to retirees in particular, who have seen their portfolios drop by a third, is to have enough in cash until we can get a normal person into the WH.

Their portfolios are right where they were when Biden took over. If they have smart money managers they can use the turbulence to double what they have

 

[Lisa558]

This is why. Notice any trnd on this M1 money supply curve?

We LOCKED DOWN, PAID PEOPLE TO STAY HOME AND NOT PRODUCE, AND PRINTED MONEY.

When more money is chasing less goods, it leads to INFLATION.

The air is coming out of the balloon. You were CORRECT that it should have crashed earlier.

I love it when assholes who got degrees in Elizabethian Poetry try to tell me about economics and finance.

And the Dems used the pandemic to change the entire attitude toward working to support oneself. Now we have people who are turning down jobs, in an economy where jobs are going begging, because they think it’s just as admirable to sit home and collect money from other people.

What we need to do is REDUCE the handouts - and force people to take jobs. What is going to happen, though, as the recession takes hold, is that jobs will dry up, and people will HAVE to depend on handouts - which is what Democrats want.

 

[Mac1958]

Ah, Mac? How many rate increases did the Trump Administration have to absorb from the Fed? Compare that number to Barry and to Joe.

What in the hell are you talking about? It's the trillions in stimulus that were poured into the economy during those two administrations that are such an important part of what is happening.

Jesus. Play with somebody else.