30,000
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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.
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Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
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Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
No - they said one thing happened after another.
Determining causation in the market is a tall order.
But sure, there’s plenty of short term fluctuations that the Pres can cause and some long term.
I’m not saying the President has no effect. (Gosh I don’t want to start this again)
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Wall Street Journal
The authors credit the presidents
U.S. stocks surged Tuesday, with the Dow Jones Industrial Average crossing 30000 for the first time, after President Trump said his aides would cooperate with President-elect Joe Biden’s transition to the White House.
No - they said one thing happened after another.
Determining causation in the market is a tall order.
But sure, there’s plenty of short term fluctuations that the Pres can cause and some long term.
I’m not saying the President has no effect. (Gosh I don’t want to start this again)
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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.
I have a vague recollection of reading somewhere that the stock market doesn't like chaos.
Exactly!!!! That is something that i have been saying for a long time. @Horace and I discussed this a lot on the other forum board.
Knowing (or at least having a somewhat good idea that things will be the same a year (2 years, 3 years, etc.) from now is most important for companies. They can adapt.
I use the story of having had a discussion with the head of a global Fortune 100 company (PTT), and the effect oil prices can have on their business. He told me that it was not so much the USD amount of oil, but more important was if the price would be steady and they could plan for that. Price either high or low was not as important. (Obviously had an effect but not most important factor)
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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).
