30,000
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There was no reason to believe a Biden presidency would tank the market, at least not right away.
There was no reason to believe a Biden presidency would tank the market, at least not right away.
Oh I agree, I was being cheeky.
Even with tax cuts, it takes years for companies to plow the additional money back into investments that later become productive capacity.
Biggest effects from legislation usually medium to long term.
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There was no reason to believe a Biden presidency would tank the market, at least not right away.
Oh I agree, I was being cheeky.
Even with tax cuts, it takes years for companies to plow the additional money back into investments that later become productive capacity.
Biggest effects from legislation usually medium to long term.
Even with tax cuts, it takes years for companies to plow the additional money back into investments that later become productive capacity.
But companies can use the money to buy back their own shares, thus quickly jacking up share prices and stock market indices. This is what happened to most of the “tax savings” stemming from the 2017 tax reform.
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I think the market likes Janet Yellin.
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Janet Yellen, some more good vaccine data, and Trump agreeing to transition.
What’s not to like?
If you don't take it, it can only good happen.
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I have a vague recollection of reading somewhere that the stock market doesn't like chaos. (Which might explain a favorable performance on the Biden win.)
Anyway, looking for something to substantiate my vague memory, I found this at Forbes: "In general, election day results versus long-term results have not correlated well — and seem to be more connected to the idea of political stability versus the actual policy stances of a candidate.
"Despite the fact that Republicans are generally associated with pro-market policies, Ed Clissold, Chief US Strategist for Ned Davis research explained, “The markets tend to go up whether there is a Democrat or a Republican in the White House. When adjusted for inflation, the Dow Jones Industrial Average has gained an average of 3.8% annually under Democrats since 1900, versus 1.1% under Republicans.”
For whatever that's worth.
Success is measured by your discipline and inner peace. – Mike Ditka
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I have a vague recollection of reading somewhere that the stock market doesn't like chaos. (Which might explain a favorable performance on the Biden win.)
Anyway, looking for something to substantiate my vague memory, I found this at Forbes: "In general, election day results versus long-term results have not correlated well — and seem to be more connected to the idea of political stability versus the actual policy stances of a candidate.
"Despite the fact that Republicans are generally associated with pro-market policies, Ed Clissold, Chief US Strategist for Ned Davis research explained, “The markets tend to go up whether there is a Democrat or a Republican in the White House. When adjusted for inflation, the Dow Jones Industrial Average has gained an average of 3.8% annually under Democrats since 1900, versus 1.1% under Republicans.”
For whatever that's worth.
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Janet Yellen, some more good vaccine data, and Trump agreeing to transition.
What’s not to like?
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“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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Janet Yellen, some more good vaccine data, and Trump agreeing to transition.
What’s not to like?
Janet Yellen, some more good vaccine data, and Trump agreeing to transition.
What’s not to like?
Large number of business closures, looming mass evictions and foreclosures, it's harder to see "now" how the economy will be better a few months from "now" than it was to see back in beginning of 2020 how the economy will be better a few months from "then" before COVID-19 was a thing. Marriott as a publicly traded company is valued higher "now" than it was in the beginning of 2020, ditto Disney, and their businesses will continue to be depressed for another year if not longer. There seems to be a very large disconnect between the general economy and the major stock market indices. The only big difference is that "now" we can expect Biden & Biden's team to replace Trump and Trump's team, with some (slim) chance of the Democrats also taking control of the Senate, where as back in the beginning of 2020 we could not expect Trump to be replaced. I doubt many of you would agree that the Trump/Biden difference is enough to drive the market to where it is "now."
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I like how we’re coming to the consensus that the President is just a small driver.
Other things move the market. Like Americans (and sometimes global events).
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I like how we’re coming to the consensus that the President is just a small driver.
Other things move the market. Like Americans (and sometimes global events).
I like how we’re coming to the consensus that the President is just a small driver.
Other things move the market. Like Americans (and sometimes global events).
I don't agree.
Fundamentals are fine, but the market doesn't always do what the fundamentals predict. Buying and selling are both subject to perception and emotion. A President can drive both.
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I like how we’re coming to the consensus that the President is just a small driver.
Other things move the market. Like Americans (and sometimes global events).
I don't agree.
Fundamentals are fine, but the market doesn't always do what the fundamentals predict. Buying and selling are both subject to perception and emotion. A President can drive both.
I like how we’re coming to the consensus that the President is just a small driver.
Other things move the market. Like Americans (and sometimes global events).
I don't agree.
Fundamentals are fine, but the market doesn't always do what the fundamentals predict. Buying and selling are both subject to perception and emotion. A President can drive both.
Can? Sure. Does? Not usually.
So did Clinton and Obama drive sentiment? Pretty good stock records.
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Memories, one of my favorite was when the market tanked a couple of years and the media went nuts blaming it on Trump.
Also not that long ago when there was a recent dip and the media jumped on the stock market comparisons to Obama.
Now we are back to it makes no diff. Yup.
