Old Man Jingles
Rat out of a cage
Only if one is skittish ... markets go up, markets go down.
Non sequitur
Well-Known Member
Ricky " live from Beijing"
canada
BrownArmy
Well-Known Member
The 'Stock Market' isn't the actual economy.
In your fervor of hatred for 'the man', or 'the economy', you want 'teh' stock market to fail.
Two separate things.
Old Man Jingles
Rat out of a cage
If I felt like you, I would take all my investments out of the market,
buy gold and silver and
hide it in your house flooring.
DriveInDriveOut
Inordinately Right
Sure, but market performance is directly related to the economy's performance.
No it isn't. Look at the Obama years.
1989
Well-Known Member
No.... it’s a future indicator (6-12 months out) of what a companies performance will be. Which is why you get knee jerk reactions over news. And why bad news (fed cutting interest rates) is good news for companies.
DriveInDriveOut
Inordinately Right
You're agreeing with me whether you realize it or not. Carry on.
DriveInDriveOut
Inordinately Right
1989
Well-Known Member
Maybe, but we may never get to where the market is predicting. And there is a disconnect between Main Street and Wall Street.
Old Man Jingles
Rat out of a cage
When you say “Main Street”, I assume you are referring to the blue collar guy.
I would be interested in your thoughts on the disconnect.
newfie
Well-Known Member
nice misleading statistic. you are a master of misinformation
Old Man Jingles
Rat out of a cage
Source is WAPO (Catherine Rampell) on Twitter and I find nothing wrong with the chart as presented.
To quote @BrownArmy, the market is not the economy.
BTW, the chart doesn't tell the story as well as it could.
If you take the velocity of change, it favors Obama even more.
However, Apples to Oranges due to the Great Recession and other variables. Definitely a "cherry Picking" of span of comparison.
The market was in shambles when Obama took over. There was nowhere for the market to go but up
The market was in good shape when Trump took over. Many DIMwits thought the market would go down.
As it stands right now though, this comparison is fair just looking at trends.
However, if you took it back by 3 months, Trump would look as good as Obama. 3 Months from now, Trump could be back on top.
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