Biden economy: Market's longest losing streak since Jimmy Carter was in office

[Fort Fun Indiana]

The Fed may very well not cut rates for several months in the New Year.

They shouldn't cut rates at all. They will need the wiggle room when the invetiable Trump recession happens.

 

[justoffal]

The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.

Government shut downs, tariffs,

Most U.S. adults — 54% — have an unfavorable view of Trump, according to the latest survey by The Associated Press-NORC Center for Public Affairs Research. The survey found that small majorities have slight to no confidence in his ability to manage the White House or government spending. By contrast, Biden began his presidency with an approval rating above 60% only to see it steadily decline as inflation worsened.

The Fed sees uncertainty ahead. So do we.​

But Powell stressed that there is a lack of clarity about what Trump would do. It’s unknown whether he would deliver on tariff threats against Canada, Mexico, China and Europe. Nor is there much official guidance on how Trump would fund tax cuts that could add $4.6 trillion to deficits over a decade.
“Some did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation,” Powell said. “The point about uncertainty is it’s kind of common sense thinking that when the path is uncertain you go a little bit slower.”

Uncertainty is good! The last thing you want Mexico or Canada or Panama or even Russia to know is what's next.

 

[Fort Fun Indiana]

Uncertainty is good! The last thing you want Mexico or Canada or Panama or even Russia to know is what's next.

That makes no sense on any level whatsoever.

 

[justoffal]

That makes no sense on any level whatsoever.

Sure it does.... You don't want the person across the negotiating table to feel comfortable at all.
Especially with the track records we're dealing with. Let them sweat.

 

[Nostra]

Trump on the truthometer

3% true
8% of the things he's said were mostly true. Not completely.
11% half truths
19% of what he has said is mostly false
38% false
19% pants on fire

Trump is a fraud. Do YOU know what a fraud is?


If you want to see "America", go to an amusement park. It's where the garbage go for vacation. Trash. Black and white. It's not going to be upper middle class families. Maybe upper middle class kids go once they turn 18 but upper class people are not at these places. It's true Americana.

America is like an amusement park ride. Inflation for sure on the food. And rich people who do go will buy a special pass where they can cut in front of your sorry ass.

Sez who?

 

[justoffal]

Sez who?

The one thing you can count on as a perfect reverse compass is when the left says something is false.

 

[Fort Fun Indiana]

Sure it does.... You don't want the person across the negotiating table to feel comfortable at all.
Especially with the track records we're dealing with. Let them sweat.

No, it makes no sense. Unpredictability is not good for markets. You sound daft.

 

[John Edgar Slow Horses]

The market hates uncertainity.

 

[Cellblock2429]

I am taking my 50% return 2024 YTD and laughing all the way. Yeah Joe, YOU DID THAT

/—-/ I’m up 35%, DJT stock and warrants, plus writing covered calls.

 

[justoffal]

No, it makes no sense. Unpredictability is not good for markets. You sound daft.

**** the markets half the time they manipulate their own outcomes and they will survive. The investor class might get a few bruises though!
Isn't that a good thing?

 

[Fort Fun Indiana]

**** the markets half the time they manipulate their own outcomes and they will survive.

So it makes sense, in the mind of someone who is completely detached from reality.

Okay, agreed.

 

[sealybobo]

To avoid looking like a monumental horse's ass I suggest you put away the pollsters who predicted a Harris landslide. They haven't improved.

So we didn't talk a lot of politics at the family NYE party. But I would say things every once in awhile to remind everyone the world is going to be a much different place i about 7 days. God help us.

But I made light of it. After we all hugged and kissed and said Happy New Year I asked "hey, I wonder what Kamala and Doug are doing right now". And the Trumpsters had a field day with it. LOL.

Happy New Year! Looking forward to the discussions that are about to come.

 

[sealybobo]

Uncertainty is good! The last thing you want Mexico or Canada or Panama or even Russia to know is what's next.

That's not good for the stock market bro.

 

[sealybobo]

No, it makes no sense. Unpredictability is not good for markets. You sound daft.

Remember, these idiots are uneducated blue collar workers. Deplorables. Garbage. They don't have 401K's or stocks. Red Necks White Trash Blue Collar folks. They hope Trump kicks out illegals and supply and demand is going to raise their wages. It's not. Wages will stay firm.

But social security recipients next year are going to get a 2.5% bump. Trump is going to immediately take credit. He's going to say Seniors have never done better than under him. And at the same time he's going to cut social security for people who aren't receiving it yet. Him and Musk have to make the tough decisions.

 

[justoffal]

Remember, these idiots are uneducated blue collar workers. Deplorables. Garbage. They don't have 401K's or stocks. Red Necks White Trash Blue Collar folks. They hope Trump kicks out illegals and supply and demand is going to raise their wages. It's not. Wages will stay firm.

But social security recipients next year are going to get a 2.5% bump. Trump is going to immediately take credit. He's going to say Seniors have never done better than under him. And at the same time he's going to cut social security for people who aren't receiving it yet. Him and Musk have to make the tough decisions.

Anyone stupid enough to base their future on 401k or stocks is not very farsighted.
I myself have based my income on real estate holdings a far more reliable option.
You might as well be going to the casino otherwise.

Your condescending blather about uneducated blue collar workers is hilarious. I've rubbed shoulders with more blue collar engineers who have proficiency at their jobs beyond the wildest dreams of the office monkeys who sit on their asses most of their lives depending on someone else to take care of them. Sound familiar?

It's been fun watching the losing side here brag about their investment income over the past 2 years while the rest of the nation suffers being locked out of Wall Street's successes.

What I find most remarkable? You're constant attack on CEOs who are the very reason why your stock market takes care of you in the first place.

Talk about being stupid and uneducated? I can't imagine anything more uninformed or duplicitous than to listen to the rantings of an arrogant liberal living off of his investments at the same time he wants to tear down corporate America. You have to admit it's a moron's dream come true.

 

[Fort Fun Indiana]

Hopefully, the market will respond with an uptick when the fed meets tomorrow to hopefully cut rates.

The Dow is in danger of doing something it hasn’t since 1978​

https://www.cnn.com/2024/12/17/business/dow-stock-market-losing-streak/index.html?utm_source=business_ribbon

24% gains in both 2023 and 2024

First time since 1997-98

 

[John Edgar Slow Horses]

The DOW is in real danger from Trump policies

 

[sealybobo]

Anyone stupid enough to base their future on 401k or stocks is not very farsighted.
I myself have based my income on real estate holdings a far more reliable option.
You might as well be going to the casino otherwise.

Your condescending blather about uneducated blue collar workers is hilarious. I've rubbed shoulders with more blue collar engineers who have proficiency at their jobs beyond the wildest dreams of the office monkeys who sit on their asses most of their lives depending on someone else to take care of them. Sound familiar?

It's been fun watching the losing side here brag about their investment income over the past 2 years while the rest of the nation suffers being locked out of Wall Street's successes.

What I find most remarkable? You're constant attack on CEOs who are the very reason why your stock market takes care of you in the first place.

Talk about being stupid and uneducated? I can't imagine anything more uninformed or duplicitous than to listen to the rantings of an arrogant liberal living off of his investments at the same time he wants to tear down corporate America. You have to admit it's a moron's dream come true.

Very true. Low wages benefits shareholders. But I'm not in the investor class. I'm working class.

And just because I slowly move into the investor class doesn't mean I turn my back on workers. But that's exactly what Boomers have done. Sorry kids. You can't have it as good as we had it.

Real estate. Good for you. Buy dirt. Do you have rental properties? YOU are the ones gouging people on rent. Ever since Covid.

Blue collar are really dumb. I'll explain why. They don't realize how important unions are to them. Because they themselves aren't in unions. So most uneducated blue collar workers will ignorantly support trump as he takes on unions. Not realizing they are ******* themselves. God help us.

 

[justoffal]

Very true. Low wages benefits shareholders. But I'm not in the investor class. I'm working class.

And just because I slowly move into the investor class doesn't mean I turn my back on workers. But that's exactly what Boomers have done. Sorry kids. You can't have it as good as we had it.

Real estate. Good for you. Buy dirt. Do you have rental properties? YOU are the ones gouging people on rent. Ever since Covid.

Blue collar are really dumb. I'll explain why. They don't realize how important unions are to them. Because they themselves aren't in unions. So most uneducated blue collar workers will ignorantly support trump as he takes on unions. Not realizing they are ******* themselves. God help us.

No argument..,

 

[hadit]

It all started with Bill Clinton lying about a blowjob.

Yeah, too bad he happened to be under oath at the time. Judges hate that. He was a lawyer and should have known better. Guess not.

Bush said well if he can lie about that then I'm going to steal the election with the help of Jeb and purposely cause a Great Recession in which my rich buddies will benefit. And sending our best paying jobs overseas in order to break the unions, I mean middle class.

That didn't happen.

And damn Hillary for saying she was under sniper fire.

Yeah, Americans hate when someone tries to steal military glory when they're not entitled to it. Stupid, stupid move.

Because of that one lie, Trump got to get away with 1000 lies and all of them more important than being under sniper fire.

Nah, he "got away with it" because you guys found the worst candidate you could find at the time to run against him, then found an even worse one to do it all over again.

I don't know any politician who can or would always tell the truth. It would probably be political suicide to do that. But Republicans lie constantly. And yet they call us the liars.

Well, you are, so there's that...