How about that market?
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@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!!"
@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.
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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.
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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.
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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.
@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.
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What am I missing here?
The percentage they reported was an error. I get that.
But the absolutions number of jobs did increase, right?
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What am I missing here?
The percentage they reported was an error. I get that.
But the absolutions number of jobs did increase, right?
@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.
