Best Stock Market Since Election in 75 Years

[Horace]

@xenon said in Best Stock Market Since Election in 75 Years:

@horace said in Best Stock Market Since Election in 75 Years:

Yes there are a lot of variables. One of which, an important one, is policy, especially tax policy. No amount of digging one's heels into the notion that elections don't matter for the stock market, will change that.

It's not that it doesn't matter. As you said though - it's one variable among many.

It'd be like talking about putting together a championship football team, and we keep talking about the kicker (The President).

Sure - it matters to have a good kicker. But it's one small aspect.

Ok. That's an attempt to quantify the importance of a president to the stock market. Duly noted. I certainly agree that free market capitalism is a much more important player. Tax policy is like a weight of some size, be it small or large, tied to the ankles of every player on the field.

[LuFins Dad]

@axtremus said in Best Stock Market Since Election in 75 Years:

Thanks, @LuFins-Dad. If you are at liberty to talk about it ... are piano prices, digital and acoustic alike, undergoing inflation too?

The acoustic ones sure use a lot of lumber and metal, and the digital ones use microchips, something that’s reported to be in short supply.

Let's just say that if you are considering buying a piano in the next few years, you may want to speed up the process.

[Loki]

Let’s say the stock market corrects by 30%? I’d say it’s enough of a risk based on Biden’s spending ask that folks here better keep some of their powder dry because they may be inadvertently proving the opposite of what is written here.

[Mik]

We need to let the economy cool down from all the funny money before dumping a bunch more in.

[Loki]

You can’t find people to paint, build, renovate etc these days. There are not enough drivers for gas trucks.

Inflation is here, big time. Look at the lack of “sale” prices on items and in your grocery store.

We are in a bubble, costs are going way up. What it means for this year and when on the financial markets is anyone’s guess. It will all be obvious in retrospect.

[Horace]

Stock prices rise with inflation, as LD pointed out.

[LuFins Dad]

Inflation hurts bonds and savings more than anything else. Retirees are stuck with a pretty shitty choice right now.

[LuFins Dad]

I don’t think we’ll see hyper-inflation, but 7-10%? Hell yeah....

[Jolly]

@lufins-dad said in Best Stock Market Since Election in 75 Years:

I don’t think we’ll see hyper-inflation, but 7-10%? Hell yeah....

And, since everything is political, what does that do to Mr. Biden and his party?

[taiwan_girl]

@jolly said in Best Stock Market Since Election in 75 Years:

@lufins-dad said in Best Stock Market Since Election in 75 Years:

I don’t think we’ll see hyper-inflation, but 7-10%? Hell yeah....

And, since everything is political, what does that do to Mr. Biden and his party?

If that happens, the Democrats will lose the President, Senate, and Representatives for sure.

[Jolly]

@taiwan_girl said in Best Stock Market Since Election in 75 Years:

@jolly said in Best Stock Market Since Election in 75 Years:

@lufins-dad said in Best Stock Market Since Election in 75 Years:

I don’t think we’ll see hyper-inflation, but 7-10%? Hell yeah....

And, since everything is political, what does that do to Mr. Biden and his party?

If that happens, the Democrats will lose the President, Senate, and Representatives for sure.

Actually, if you look at current inflation numbers, we are already experiencing double digit inflation.