Dow cracks 45000 (45010.29) on trade deal news

[1srelluc]

Not great, not terrible.

4 points below the all time high.

 

[Natural Citizen]

Not great, not terrible.

But still completely distorted, as is historically the case.

 

[1srelluc]

But still completely distorted, as is historically the case.

I bet you are fun at parties there Sad Sack.

No one will remember your name.

 

[marvin martian]

But still completely distorted, as is historically the case.

I'll bet you're sorry you bailed out of the market in 2016, when Paul Krugman told you Trump was going to cause a worldwide recession.

 

[Natural Citizen]

I'll bet you're sorry you bailed out of the market in 2016, when Paul Krugman told you Trump was going to cause a worldwide recession.

Never been a Krugman guy.

Or a trustee in Keynesians at all, for that matter, regardless of whether it's one of your Keynesians or one of their Keynesians.

I'm more Mises...

 

[Natural Citizen]

I bet you are fun at parties there Sad Sack.

I don't really do parties.

But I'm right, though.

And you know it.

Heh heh heh...

 

[Mashmont]

Ladies and gentlemen, President Trump proved once again why he is the world's top economist in addition to being the world's top negotiator, and top judge of human nature. Trump's DOW hit 45,016 surpassing the previous high in December before settling in three points off the previous mark. This difference, though, is the previous high was based on printed money and high inflation. Today's high represents real earnings the hard way. Remember a few short months ago when the doom-and-gloom leftwing economists predicted a recession by summer? Yes, we heard that from Torsten Slok, Larry Summers, and MSNBC-go-to-leftwing-hack-economist Mark Zandi. And let's not forget Nobel-Prize-Winning Leftwing economist, Paul Krugman.

Per Google AI:

Several economists are predicting a recession in the U.S. by the summer of 2025, citing factors like rising tariffs and declining consumer confidence. Apollo Global Management's chief economist, Torsten Slok, specifically predicts a "Voluntary Trade Reset Recession" triggered by Trump's tariffs. According to Forbes, former Treasury Secretary Lawrence Summers also anticipates a recession with potential job losses and income decline.

https://www.cbc.ca/news/business/global-recession-tariffs-1.7505272

"If the U.S. does not change its policy stance on tariffs… we would expect a recession to be defined in the next six months," Nguyen said.
"I think it's reasonable to say that we are entering one as we speak."
Zandi predicts that the U.S. would begin to feel the effects of a recession by June or July if Trump "doesn't find an off-ramp."

Then there is the Nobel economist Paul Krugman who has never been right on an economic position regard Trump so far. Remember in 2016 when he predicted a massive recession in Trump's first term? Well, he was among the 2025 naysayers also


And of course Mashie himself weighed in March 11 when it appeared the economy was going downhill. At that time, the market was dropping, and settled in at 40,813. I predicted the market would rise 10% by summer, and, well, here we are. I further predicted it would go to 46,000 during the summer, and was roundly ridiculed by the left. I stand by that prediction and will be loudly crowing when we hit the 46,000 mark.

M

Thread 'I'm predicting the DJIA rising 10% by Summer. Mark it down.'

Mar 11, 2025

As you may recall, Mashie called the 2024 election, predicting that Trump would win easily. I also called the Super Bowl, missing the score only by a handful of points.
And now, I'm predicting a 46000 DOW by summer. Trump's great plan starts to gain traction and kick in. He predicted things would be a little hard at first. The left, of course jumps on every down day in the stock market, while saying nothing when it rises. We have all these articles citing Trump's failures, blah blah, his disgruntled supporters, blah blah Those stories will disappear from the internet come summer...

• Mashmont
• Replies: 346
• Forum: Stock Market

• 
• 
• 

 

[Cellblock2429]

View attachment 1140132

Not great, not terrible.

4 points below the all time high.

/---/ Nice, but professional traders look at the S&P 500 as the bellwether guide. The Dow is for grannies watching the 6 O'Clock News.

 

[Mashmont]

S&P has al

/---/ Nice, but professional traders look at the S&P 500 as the bellwether guide. The Dow is for grannies watching the 6 O'Clock News.
View attachment 1140318

S&P is also setting all time records thanks to the great Trump.

 

[multivita-man]

I said this to Planet Biden when he was president and they didn't like it either: the stock market indices and GDP are not really good indicators of the common welfare.

 

[yidnar]

I said this to Planet Biden when he was president and they didn't like it either: the stock market indices and GDP are not really good indicators of the common welfare.

15 trillion in new private investments [not government] is good for the common welfare ..

 

[multivita-man]

15 trillion in new private investments [not government] is good for the common welfare ..

Not necessarily.

 

[yidnar]

Not necessarily.

still stick in the 1800s eh dem ?

 

[multivita-man]

still stick in the 1800s eh dem ?

What are the investments in?

 

[yidnar]

What are the investments in?

AI
Chip manufacturing
the auto industry
energy , defense , technology, and innovation sectors .

 

[multivita-man]

AI
Chip manufacturing
the auto industry
energy , defense , technology, and innovation sectors .

All good, but it's not going to help reverse our decades-long trend of growing wealth and income inequality.

 

[Mashmont]

All good, but it's not going to help reverse our decades-long trend of growing wealth and income inequality.

What does wealth inequality harm? What do you care if Bezos has $20 billion or $200 billion? How does that affect you?

 

[multivita-man]

What does wealth inequality harm? What do you care if Bezos has $20 billion or $200 billion? How does that affect you?

Why do you think buying a starter home is increasingly difficult?

What's the difference between the median and the mean?

 

[multivita-man]

Supply and demand. Nothing to do with income inequality.

Okay, what happens when, say, more of the income/GDP growth keeps going disproportionately to the people who already have the wealth?

Like if you're, say, an IT guy or a finance guy and your income goes from 100,000 to 150,000 to 200,000, to 300,000 and so on, but the Door Dash and Uber guy is stuck at $15-20 per hour...what happens?

The people in the higher income brackets can afford to accumulate the assets and the people at the bottom of the scale can only afford to use assets (not own them) by borrowing money from lenders.

To be fair, I had this argument with Bidenistas who kept insisting that their guy was gonna win because the stock market and GDP. I kept telling them that Old Man Joe needs to back out of the race not only b/c of his age but b/c of his shitty messaging. The polls were real. They didn't believe me or the polls.

I'm making the same point with you that I made with Bidenistas.

 

[Mashmont]

Why do you think buying a starter home is increasingly difficult?

What's the difference between the median and the mean?

It's not increasingly harder. Home ownership has held steady at about 63% since 1960. That's an increase from the 1940s and before.