How about that market?

[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?

[Horace]

@George-K said in How about that market?:

What am I missing here?

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

But the absolute number of jobs did increase, right?

Yes. The real numbers were about half as much of an improvement as the wrong numbers were.

Edit: I mean the difference between predictions and the real numbers was about half as good. I'm not sure about absolute job numbers, but unemployment did go up.