O....M....G....DJIA Hits 50,000 Another huge win for Trump

[Lisa558]

Most people have very little money. 55M people, older like you, are living off their moderate retirement funds. Go ahead and tell them it’s a buying opportunity and great news when Trump screws up the business environment and markets. Go ahead.

You guys: “The market prices are transitive”.

Those people are simply back where they were several months ago. If they were managing then, they’re managing now.

Plus, they’re actually better off than they were several months ago because Trump made Social Security tax-free for all older people other than those with six-figure incomes (and those people aren’t living off “moderate” savings).

 

[Lisa558]

Top earners don’t talk like you do. The fundamentals were great a month ago with these solid companies, and nothing has changed other than a temporary oil spike which we know can be reversed when an agreement is reached. Only folks with little money are panicking.

I noticed that too. He claims to be in the top 0.5% of earners, which would be around $800,000 a year, but he has time to come onto this website multiple times a day during the workweek and spew nonsense.

He’s a liar.

 

[citygator]

Top earners don’t talk like you. The fundamentals were great a month ago with these solid companies, and nothing has changed other than a temporary oil spike which we know can be reversed when an agreement is reached. Only folks with little money are panicking.

You dont run a business. You’re a little retired guy with thousands of dollars living off SS. You know what kills business?

1. Real income decline (inflation > wages)
2. Labor market deterioration
3. Confidence shock
4. Credit tightening (rates + access)
5. Wealth effect (stocks/housing)

We are seeing all of them converge at once. Trump is an absolute disaster. Winter is coming.

 

[Hafar1014]

You dont run a business. You’re a little retired guy with thousands of dollars living off SS. You know what kills business?

1. Real income decline (inflation > wages)
2. Labor market deterioration
3. Confidence shock
4. Credit tightening (rates + access)
5. Wealth effect (stocks/housing)

We are seeing all of them converge at once. Trump is an absolute disaster. Winter is coming.

We are not completely out of the Biden economy. It takes 2 years to switch a presidents economic policy

 

[citygator]

I noticed that too. He claims to be in the top 0.5% of earners, which would be around $800,000 a year, but he has time to come onto this website multiple times a day during the workweek and spew nonsense.

He’s a liar.

You guys crack me up. Im always working. 7 days a week, 24 hours a day. My posts are early, lunch, and late.

 

[Mashmont]

My bad. I’m not an expert like yourself. What is your threshold for a crash?

Certainly when 0bama and his party cratered the DOW by almost 60%, that was a crash. Democrat governors of NY and CA during COVID caused a 25% drop, that wasn’t really a crash, but a lot of opportunities opened up there, and I was ready. Exxon Mobil dropped to 31 which made it a ridiculous buy. I’m now top heavy in XOM, but I view it as house money.

 

[Mashmont]

You guys crack me up. Im always working. 7 days a week, 24 hours a day. My posts are early, lunch, and late.

31,000 posts. Yes, this guy is a workaholic.

 

[Mashmont]

You dont run a business. You’re a little retired guy with thousands of dollars living off SS. You know what kills business?

1. Real income decline (inflation > wages)
2. Labor market deterioration
3. Confidence shock
4. Credit tightening (rates + access)
5. Wealth effect (stocks/housing)

We are seeing all of them converge at once. Trump is an absolute disaster. Winter is coming.

Not tapping SS yet, but it will be nice walking-around money. Looking forward to it.

I would suggest for you to replace your pessimism with gratitude. My great pleasure in life is knowing I can get Chipotle anytime I want. $10.45 is the cost of my order. It's a simple thing, but I have not always been able to eat out when I wanted.

 

[Lisa558]

31,000 posts. Yes, this guy is a workaholic.

I didn’t even post on social media sites when I was working. I left the house at 7:30 am to head downtown, got home around 6 pm, and then had dinner, and by then it was 8 pm. Sometimes I did a little more work at my home computer. (Corporate jobs at the managerial level were competitive, and everyone did that.)

A couple of hours to relax in front of the TV, and then lights out. I certainly didn’t have the time or energy to post 31,000 messages!

 

[Fort Fun Indiana]

Trump reaffirms an important idea:

The US President can't do much to the economy, except for damage it.

The best thing Trump could do for the economy is drop dead.