stock market

[89th]

@Horace said in stock market:

COVID crash was 5 weeks. This one has been a 5.5 month slow bleed so far.

Yup. The COVID drop was way worse, because…faster. I feel like this will be a mini version of the late 70s early 80s. Probably won’t take 5-8 years to recover but maybe a good 1-3 years. I’m ready to convert some accounts into “aggressive” mode to take advantage of the rebound but honestly I think this is just bringing us back to the 200 day moving average and then some. Almost like bringing us back before the big COVID rally.

[Horace]

Anybody care to make an educated guess as to whether the stock market would be where it is today, had Trump won in 2020?

[Mik]

Inflation would be here, but maybe not as bad. Don’t think there would have been a third round of stimulus. Might not be Ukraine war either. Hard to say.

[Doctor Phibes]

How about if Edward VIII hadn't abdicated?

[xenon]

@Mik said in stock market:

Inflation would be here, but maybe not as bad. Don’t think there would have been a third round of stimulus. Might not be Ukraine war either. Hard to say.

Hard to say - Trump wanted much bigger stimulus checks in Dec 2020.

Ukraine war - maybe? Trump is so unpredictable that Putin might have seen his response as too much of an X factor.

That said - I don’t know how important America’s potential response was in Putin’s calculus.

[89th]

The market was quite "bubbly" after the 2020 crash so statisticians would say it was due to come back to earth to at least the 200 day moving average if not further. It probably wouldn't be at 3850 but would probably be in the low 4000s.

[Jolly]

@LuFins-Dad said in stock market:

Time to make some money.

@LuFins-Dad said in stock market:

Time to make some money.

Not yet.

[Doctor Phibes]

Inflation in the UK is currently 9%. It can't be BoJo's fault - after all, they call him Britain Trump!

[taiwan_girl]

@Doctor-Phibes Shhhhhh!

That does not fit the narration that President Biden is responsible for the inflation that is going around the world.

[Mik]

I don't believe anyone has said Biden is solely responsible for inflation. Pretty much everyone has said there would be inflation if Trump had been re-elected.

What folks have said is that Biden's policies have not helped tamp inflation down and, in some cases, have exacerbated it.

If you want to misconstrue that as some kind of anti-Biden narrative, that says more about your own narrative than anyone else's.

However, as with all presidents, many will hold him responsible for it in the upcoming elections.

[George K]

@taiwan_girl said in stock market:

@Doctor-Phibes Shhhhhh!

That does not fit the narration that President Biden is responsible for the inflation that is going around the world.

No, it doesn't. But in politics, perception is reality. Few people care what's going on elsewhere, particularly in BoJo land. All they see is that they're spending thousands more per year on gasoline, food and utilities.

As @jon-nyc pointed out, the Trump "stimulus" certainly might have lit the fire during COVID back in 2020, but no one will see that. They only see the here and now. And less than a quarter of the country sees things going in the right direction.

[Jolly]

Saw some polling numbers on Hispanics last night. The bottom has fallen out of Biden's support among that group.

Interesting...

[Mik]

He lost the Cuban vote for sure.

[George K]

@Jolly said in stock market:

Saw some polling numbers on Hispanics last night. The bottom has fallen out of Biden's support among that group.

29%, iirc.

[Horace]

He'll always have the progressive white women and feminized men.

[Jolly]

Words from Pete...

Link to video

[Mik]

Good advice.

[taiwan_girl]

@George-K @Mik

I agree. Two years ago, (even though I am not a President Trump fan), I said that he was not to blame for the economic problems caused by COVID and would have been reelected otherwise.

I also agree that President Biden has done a terrible job. being much more "reactive" than "proactive" in his job.

[Doctor Phibes]

@taiwan_girl said in stock market:

I also agree that President Biden has done a terrible job. being much more "reactive" than "proactive" in his job.

Another of Trump's achievements. Being such a douchebag that he managed to get somebody as useless as Biden elected.

I'm sure his supporters hate hearing this, but it's true.

[taiwan_girl]

@Doctor-Phibes said in stock market:

@taiwan_girl said in stock market:

I also agree that President Biden has done a terrible job. being much more "reactive" than "proactive" in his job.

Another of Trump's achievements. Being such a douchebag that he managed to get somebody as useless as Biden elected.

I'm sure his supporters hate hearing this, but it's true.

That is alot of truth. I would guess that more than 50-55% of the voters in the 2020 election were voting AGAINST a candidate rather than FOR a candidate.