How about that market?

[taiwan_girl]

@Copper said in How about that market?:

If Mr. Biden is elected the market will crash, then it will recover after a few minutes.

I think you are exactly right. It is like when there is some world event (missal attack in Middle East for example.). Stock market goes way down and than back to where it was.

[Larry]

I don't own any stocks. I guess I'm just a poor boy...... hahahahahaaaaa

[Loki]

So what does the soaring market mean to everything? Must scare the crap out of the Trump detractors?

[89th]

@taiwan_girl said in How about that market?:

@89th Horace and I had a good discussion on this on the old forum board. My thought is that the President does not have as big a effect on the stock market as Presidents like to believe (especially when it goes up LOL).

I was reading a recent article about what the effect on the stock market would be if Mr. Biden was elected. Not a very good article as the guy said -"maybe it will go down or maybe it will go up, or maybe no effect!!"

I agree the President, in general, doesn't have too much of an effect on the stock market. But regarding a Biden election, if the 2016 reaction was any guide (Trump wins, stock market soars), then I'd think if Biden wins, the market will have a big dip and likely stay down for a bit until it's clear what policies he might advocate for.

[Loki]

@Mik said in How about that market?:

How are your investments looking? I’m only down 3.6% from my high.

At this moment the market is up3.8% today. It’s an interesting statement on perceived risks of Covid and protests.

[Larry]

Let's see....

If Biden wins, the stock market tanks while they figure out what his policies will be...

But presidents don't have much affect on the stock market......

Got it...

BWAHAAAAHAHAHAHA!!!

[Mik]

I think a Biden presidency would be one of simply trying to be presidential and not to embarrass himself. They chose him for just that reason - to tamp down the progressive wing. There would be a signature achievement but it wouldn't actually amount to much, just something easy to pass and claim victory, most likely relating to Obamacare reforms.

[Horace]

I agree with Mik that Biden would be a non-issue for the market.

I do not agree with anybody who believes that presidents by definition have no meaningful effect on the stock market.

[Klaus]

I for one have stopped evaluating politicians in terms of how much I like their policies. I evaluate them in terms of who does the least amount of damage relative to the "null" option of doing nothing. A politician who doesn't do much and has no big goals is usually a good politician.

[Horace]

@Klaus said in How about that market?:

I for one have stopped evaluating politicians in terms of how much I like their policies. I evaluate them in terms of who does the least amount of damage relative to the "null" option of doing nothing. A politician who doesn't do much and has no big goals is usually a good politician.

That would be a decent ball park definition of the difference between the left and the right. And your preference would be for the right.

[Axtremus]

[89th]

Haha predictable.

[George K]

@89th said in How about that market?:

Haha predictable.

Yeah, of course it was.

[Mik]

The exception would prove the rule, if there would ever happen to be one.

I won’t hold my breath.

[jon-nyc]

Oops

[Axtremus]

@jon-nyc said in How about that market?:

Oops

Yeah, saw that one. It’s an unusual, fast changing situation. At this point, I quite believe that there is no malice, and the BLS is doing the best it can.

[jon-nyc]

Yeah, for sure.

[Loki]

@jon-nyc said in How about that market?:

Oops

God that article sucks in so many ways. What a disgrace.

[89th]

Now we just need an article blaming common core math.

[George K]

What am I missing here?

The percentage they reported was an error. I get that.

But the absolutions number of jobs did increase, right?