Dow record high

[dbjork6317]

I am someone that believes in celebrating good news And the Dow set a record high today, closing at 31,188!

What a fantastic, wonderful Day to be an American today! Today was truly a great day for our country! Everyone get ITT and celebrate what an awesome day today was for America, as the dow hit a new all time high!

 

[GoodWord28]

 

[Earle36]

If I continue the monthly amount I’m giving, the market keeps its 100 year track record of 10% a year, I could have over a million in about 12 years. Hoping to get it close to 5 mill one day.
I’ll continue to be good to poor Democrats with big tips at restaurants and by employing them with my 20 plus year old business.

 

[dbjork6317]

View embedded media

Hi there @Superica28! While I appreciate your response to my post, I feel that it strikes the wrong tone for this thread. This is a thread about positivity and celebration. If you’d like to start a different thread where your video might better fit in, please feel free.

But please, ITT, lets focus on the positive things that made today a wonderful day and look forward to the future!

Edit: Thanks for getting us moved to round table!

 

[CUPLAYER1]

Hell in a hand basket

 

[nytigerfan]

If I continue the monthly amount I’m giving, the market keeps its 100 year track record of 10% a year, I could have over a million in about 12 years. Hoping to get it close to 5 mill one day.
I’ll continue to be good to poor Democrats with big tips at restaurants and by employing them with my 20 plus year old business.

STFU Earle. You are the only millionaire in America who gets stimulus checks. You lying mother****er.

 

[nytigerfan]

Hi there @Superica28! While I appreciate your response to my post, I feel that it strikes the wrong tone for this thread. This is a thread about positivity and celebration. If you’d like to start a different thread where your video might better fit in, please feel free.

But please, ITT, lets focus on the positive things that made today a wonderful day and look forward to the future!

Edit: Thanks for getting us moved to round table!

this thread had little chance of lasting. Of course the ones posted by republicans lasted for weeks during trumps tenure.

I am confused though. I posted a similar thread about the market going up after Biden was declared the winner. @scotchtiger , @jakefest and others were quick to point out that the only reason that market was performing well was because the republicans had held the senate. But now, the markets are going up even though the dems technically have control of Botha house and the executive branch. Weird.

Biden logs best stock-market rally from Election to Inauguration Day in history

Supporters might point to President-elect Joe Biden's bullish impact on the stock market since the Nov. election as an early accomplishment, even if it's...

www.marketwatch.com

 

[scotchtiger]

this thread had little chance of lasting. Of course the ones posted by republicans lasted for weeks during trumps tenure.

I am confused though. I posted a similar thread about the market going up after Biden was declared the winner. @scotchtiger , @jakefest and others were quick to point out that the only reason that market was performing well was because the republicans had held the senate. But now, the markets are going up even though the dems technically have control of Botha house and the executive branch. Weird.

Biden logs best stock-market rally from Election to Inauguration Day in history

Supporters might point to President-elect Joe Biden's bullish impact on the stock market since the Nov. election as an early accomplishment, even if it's...

www.marketwatch.com

Seems I win no matter what. Except with taxes of course.

 

[92TigerME]

I am someone that believes in celebrating good news And the Dow set a record high today, closing at 31,188!

What a fantastic, wonderful Day to be an American today! Today was truly a great day for our country! Everyone get ITT and celebrate what an awesome day today was for America, as the dow hit a new all time high!

That's because the trade war with China is over. Duh

 

[92TigerME]

Just put all these losers on ignore. Pantifa must be laying off now that their buddy is in the oval office.

 

[jakefest]

this thread had little chance of lasting. Of course the ones posted by republicans lasted for weeks during trumps tenure.

I am confused though. I posted a similar thread about the market going up after Biden was declared the winner. @scotchtiger , @jakefest and others were quick to point out that the only reason that market was performing well was because the republicans had held the senate. But now, the markets are going up even though the dems technically have control of Botha house and the executive branch. Weird.

Biden logs best stock-market rally from Election to Inauguration Day in history

Supporters might point to President-elect Joe Biden's bullish impact on the stock market since the Nov. election as an early accomplishment, even if it's...

www.marketwatch.com

Unfortunately I'm knee deep in healing and unifying so can't give you a lesson on the markets much like I did economics but maybe I'll be more inclined once I'm reprogrammed to remind you that I said the returns are roughly the same across all presidents/parties if you track the S&P. Split government tracks slightly higher but not massively and those numbers are slightly skewed as the great depression was such a big swing. Also said the market doesn't like elections as a whole, regardless of presidential candidate.

What you and others don't factor in though is that capital gains aren't accounted for in return figures so regardless of how the market performs, dems tax the returns at a higher rate (ask your boy Obama about that) so you give a chunk of the upside back to fund Joe's dementia meds or his son's trips to China on Air Force 1.

 

[1Clemson]

I am someone that believes in celebrating good news And the Dow set a record high today, closing at 31,188!

What a fantastic, wonderful Day to be an American today! Today was truly a great day for our country! Everyone get ITT and celebrate what an awesome day today was for America, as the dow hit a new all time high!

If everything stays on trend, the Biden years will be a big win for your stocks.....

 

[nytigerfan]

Unfortunately I'm knee deep in healing and unifying so can't give you a lesson on the markets much like I did economics but maybe I'll be more inclined once I'm reprogrammed to remind you that I said the returns are roughly the same across all presidents/parties if you track the S&P. Split government tracks slightly higher but not massively and those numbers are slightly skewed as the great depression was such a big swing. Also said the market doesn't like elections as a whole, regardless of presidential candidate.

What you and others don't factor in though is that capital gains aren't accounted for in return figures so regardless of how the market performs, dems tax the returns at a higher rate (ask your boy Obama about that) so you give a chunk of the upside back to fund Joe's dementia meds or his son's trips to China on Air Force 1.

 

[ClemTigsCo]

I said the returns are roughly the same across all presidents/parties if you track the S&P.

This is, of course, entirely incorrect.

The economy -- and the stock market -- tends to do better under Democrats

Here's what the data shows going back to Eisenhower.

www.marketwatch.com

Democratic presidents are better for the stock market and economy than Republicans, one study shows

The average annual US GDP growth rate under a Democratic president was 3.6%, compared to 2.6% for a Republican president, according to Liberum.

markets.businessinsider.com

We Looked At How The Stock Market Performed Under Every U.S. President Since Truman — And The Results Will Surprise You

Biden versus Trump. Some speculate that the future of the republic hinges on the outcome of the next election. But for smart investors it doesn't really matter who wins.

www.forbes.com

 

[jakefest]

This is, of course, entirely incorrect.

The economy -- and the stock market -- tends to do better under Democrats

Here's what the data shows going back to Eisenhower.

www.marketwatch.com

Democratic presidents are better for the stock market and economy than Republicans, one study shows

The average annual US GDP growth rate under a Democratic president was 3.6%, compared to 2.6% for a Republican president, according to Liberum.

markets.businessinsider.com

We Looked At How The Stock Market Performed Under Every U.S. President Since Truman — And The Results Will Surprise You

Biden versus Trump. Some speculate that the future of the republic hinges on the outcome of the next election. But for smart investors it doesn't really matter who wins.

www.forbes.com

Like I said, the 6.99% also accounts for the great depression which was a big swing. Election years have on average, have shown 11% returns.

This goes back to 1926.

Situation	Number of Years	S&P 500 Index Annual Average Return
Unified Republican	13 years	14.52%
Unified Democrat	34 years	14.52%
Divided with Republican President	33 years	6.99%
Divided with Democratic President	14 years	15.94%

 

[1Clemson]

Like I said, the 6.99% also accounts for the great depression which was a big swing. Election years have on average, have shown 11% returns.

This goes back to 1926.

Situation	Number of Years	S&P 500 Index Annual Average Return
Unified Republican	13 years	14.52%
Unified Democrat	34 years	14.52%
Divided with Republican President	33 years	6.99%
Divided with Democratic President	14 years	15.94%

ever wonder why all of the big market drops/collapses seem to fall under Republican Admins?

 

[jakefest]

ever wonder why all of the big market drops/collapses seem to fall under Republican Admins?

It's not that simple. To make that argument, you have to leg into market conditions at the time of collapse, government control at the legislative levels (is it blue, is it red, is it split , etc etc), global macro, etc.

Do you have a theory?

 

[1Clemson]

It's not that simple. To make that argument, you have to leg into market conditions at the time of collapse, government control at the legislative levels (is it blue, is it red, is it split , etc etc), global macro, etc.

Do you have a theory?

Nope... I've generally voted GOP, so its not a politically motivated question. Just as an historical occurrence, market collapses/crashes tend to occur in Republican admins, while Dem admins are generally positive for market returns. Just noting that Taft, Harding and Coolidge (all a hundred years ago) are the only GOP admins since Garfield (1881) to avoid a major market meltdown, but at some point the data are not just coincidental.

 

[92TigerME]

Like I said, the 6.99% also accounts for the great depression which was a big swing. Election years have on average, have shown 11% returns.

This goes back to 1926.

Situation	Number of Years	S&P 500 Index Annual Average Return
Unified Republican	13 years	14.52%
Unified Democrat	34 years	14.52%
Divided with Republican President	33 years	6.99%
Divided with Democratic President	14 years	15.94%

I'm sure the people with the money knew that the democrat states would open back up after Trump was out and I'm sure they all where buying calls and going long on their positions to enrich themselves at the expense of their herds of sheep followers.

 

[clempzenbill]

I am someone that believes in celebrating good news And the Dow set a record high today, closing at 31,188!

What a fantastic, wonderful Day to be an American today! Today was truly a great day for our country! Everyone get ITT and celebrate what an awesome day today was for America, as the dow hit a new all time high!

In other news my son, a welder can’t find a job. Finished welding school and Biden shut down the Keystone XL pipeline and put thousands of welders out of work, 11,000 total jobs lost with the stroke of a pen. The $15 minimum wage will hurt millions of worker like my daughter in the service sector as small businesses will cut hours and eliminate jobs to balance their budget s to stay in business. Entry level jobs will become much harder for young people to find. My daughter will either lose her job (likely) or have her hours cut. Thanks Biden!
Wallstreet loves crooked for sale politicians like Biden who will allow mass illegals to take low skill Americans jobs andscrew over the low wage people to boost the profits of the wealthy Stock holders and corporations.
In 2019 under Trumps policies wages for middle and lower class were rising at roughly twice the rate of inflation and buyinh Power was increasing for the first time in over twenty years. Youth, female and minority jobless rates were at all time lows.
Bad for Wall Street, better get orange man bad outa there - done. Business as usual now, screw the little guys while Wall Street gets richer