Trump and The Dow

MrFedEx

Engorged Member
All of the usual suspects here are always crowing about how the DOW hit 28,000 or 29,000 under Trump and that means we ARE IN THE MONEY!!.

Umm..no. In spite of what you might think, there is no direct translation from the DOW to your 401k nor is it an absolute indicator of a strong, steady economy.

Yes, it's a good thing, but it doesn't make Trump a Wall Street Jesus. Actually, it's pretty clear Trump doesn't understand the money markets or the stock market very well, if at all. Just ask the Fed Chairman, who basically indicated Trump knows nothing, in public, at a meeting that was covered by national media.

For Trump, it's all about 0% interest, or as close as you can get to that, and lower corporate taxes. If you keep lowering the interest rate, you risk high inflation, and the lowered taxes have not translated into increased investment, but mostly stock buybacks. No huge rise in wages, but a lot of lower-paying jobs that aren't middle class.

HOORAY!! BEST PRESIDENT EVER!!

The Average Joe seems to think that your 401k rises in direct proportion to the DOW, which it does not. Depending on your investment mix, it could have actually gone up only slightly or even down. Or at least most of you seem to think that.

Trump knows that the only thing keeping him afloat right now is a strong economy, which isn't quite as robust as many of you think.

When the bubble bursts, and it will, watch all of you turn on him, along with the rest of the GOP.

Why? Because it's all about the money.
 

newfie

Well-Known Member
Umm..no. In spite of what you might think, there is no direct translation from the DOW to your 401k nor is it an absolute indicator of a strong, steady economy.

.
Umm ok I'm going to crash my 30 percent returns this year because you said so.
 

Wrong

:))
To be honest I wouldn’t be surprised by another crash and a straight up depression.

pull your money out and invest in firearms and cocaine.
 

Jones

fILE A GRIEVE!
Staff member
The stock market was a great vehicle for wealth creation long before Trump became president and will continue to be long after he's gone. Bull markets come and go and actually have very little to do with who happens to be in office, so ignore the politics and invest for the long term and you'll be fine.
 

Baba gounj

You cannot multiply wealth by dividing it!
Having just read the history of the Fed. , there is no mention of any sitting president having anything to do with their function. So MrFedEx assumption is faulted.
 

newfie

Well-Known Member
The stock market was a great vehicle for wealth creation long before Trump became president and will continue to be long after he's gone. Bull markets come and go and actually have very little to do with who happens to be in office, so ignore the politics and invest for the long term and you'll be fine.
Bull markets come and go generally every 7 to 9 years. Markets do not generally see a 60 percent increase in a three year period when not rebounding from a huge drop. Did you really think this nonsense would fly here?
 

olroadbeech

Happy Verified UPSer
people will almost always vote with their pocketbooks.

"it's the economy stupid"

dow stays around 30k or more ol donnyboy gets reelected.
 

Jkloc420

Well-Known Member
All of the usual suspects here are always crowing about how the DOW hit 28,000 or 29,000 under Trump and that means we ARE IN THE MONEY!!.

Umm..no. In spite of what you might think, there is no direct translation from the DOW to your 401k nor is it an absolute indicator of a strong, steady economy.

Yes, it's a good thing, but it doesn't make Trump a Wall Street Jesus. Actually, it's pretty clear Trump doesn't understand the money markets or the stock market very well, if at all. Just ask the Fed Chairman, who basically indicated Trump knows nothing, in public, at a meeting that was covered by national media.

For Trump, it's all about 0% interest, or as close as you can get to that, and lower corporate taxes. If you keep lowering the interest rate, you risk high inflation, and the lowered taxes have not translated into increased investment, but mostly stock buybacks. No huge rise in wages, but a lot of lower-paying jobs that aren't middle class.

HOORAY!! BEST PRESIDENT EVER!!

The Average Joe seems to think that your 401k rises in direct proportion to the DOW, which it does not. Depending on your investment mix, it could have actually gone up only slightly or even down. Or at least most of you seem to think that.

Trump knows that the only thing keeping him afloat right now is a strong economy, which isn't quite as robust as many of you think.

When the bubble bursts, and it will, watch all of you turn on him, along with the rest of the GOP.

Why? Because it's all about the money.
yes biden inspires us all
 

Wrong

:))
Honesty I’m not a huge fan of defending Trump’s economy(bubble).

Trump is a big lib great at spending other people’s money and completely running :censored2: into the ground. I honestly believe he is a huge maroon who is going to ruin this country and probably be dead by the time in falls though. He is going to continue to blow out the deficit and speak nothing of it, citing the military being held hostage by dems if he does.

I think of Trump’s economy much like his casino. At first it’s growing, “jobs jobs jobs!”, new infrastructure! Then crumbled into bankruptcy with no real long term stability, taking on massive debt. Only this time he’ll be able to hand it off to someone else and claim it was the strongest economy ever.

I don’t blame Trump for this, it’s what he promised America. A lot of people don’t want to suffer and want continual economic growth even if it comes from our nation’s credit card.


Even with the way I feel about Trump, Democrats are completely dog :censored2: and I’m considering voting for him anyways just to vote against them.
 

Jkloc420

Well-Known Member
Honesty I’m not a huge fan of defending Trump’s economy(bubble).

Trump is a big lib great at spending other people’s money and completely running :censored2: into the ground. I honestly believe he is a huge maroon who is going to ruin this country and probably be dead by the time in falls though. He is going to continue to blow out the deficit and speak nothing of it, citing the military being held hostage by dems if he does.

I think of Trump’s economy much like his casino. At first it’s growing, “jobs jobs jobs!”, new infrastructure! Then crumbled into bankruptcy with no real long term stability, taking on massive debt. Only this time he’ll be able to hand it off to someone else and claim it was the strongest economy ever.

I don’t blame Trump for this, it’s what he promised America. A lot of people don’t want to suffer and want continual economic growth even if it comes from our nation’s credit card.


Even with the way I feel about Trump, Democrats are completely dog :censored2: and I’m considering voting for him anyways just to vote against them.
You realize both parties spend, i am not a fan of it. However if it is money being spent here on America the I can deal with it
 

Wrong

:))
Democrats want to spend even more money, in America.
They want to spend money buying everyone healthcare, infrastructure, cut down on military spending overseas and if you go into the green new deal, they want to spend literally trillions on America making us energy independent on renewable green energy and a whole other host of socialist goodies.

so if you are a fan of blowing out the debt for domestic spending... you don’t really have an argument against them.
 
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