Trump and The Dow

Discussion in 'Current Events' started by MrFedEx, Jan 19, 2020.

  1. MrFedEx

    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.
     
    • Funny Funny x 3
    • Old Old x 2
    • Agree Agree x 1
    • Winner Winner x 1
    • List
  2. Box Ox

    Box Ox Well-Known Member

    It’s all true!

    WARREN/SANDERS 2020!

    Trump’s going dowwwwn sonnnnnn!
     
  3. newfie

    newfie Well-Known Member

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

    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.
     
    • Funny Funny x 1
    • Winner Winner x 1
    • List
  5. Jones

    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.
     
    • Agree Agree x 1
    • Winner Winner x 1
    • List
  6. Baba gounj

    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.
     
  7. TheBrownFlush

    TheBrownFlush Well-Known Member

    You're right.
    Nothing to do with their function, but the relationship two have is critical.
    Fed & Bush = the crash of 2009
     
  8. newfie

    newfie Well-Known Member

    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?
     
  9. olroadbeech

    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.
     
  10. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    Sounds like you believed the liberal media who said the market would tank if Trump was elected..... and now you're butthurt that you missed out on huge gains.
     
  11. Jkloc420

    Jkloc420 Well-Known Member

    yes biden inspires us all
     
  12. DriveInDriveOut

    DriveInDriveOut Proud Deplorable

    1579381054246.jpg
     
  13. Box Ox

    Box Ox Well-Known Member

    Thought that was late 2008. Don’t you put that doo doo on the “Obummer” clock. LOL
     
  14. TheBrownFlush

    TheBrownFlush Well-Known Member

    you right...
     
  15. KOG72

    KOG72 I’m full of it

    Lol.....I hope he drops out
     
  16. Wrong

    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.
     
  17. Jkloc420

    Jkloc420 Well-Known Member

    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
     
  18. Wrong

    Wrong :))

    And that’s why you voted for it. I didn’t.
     
  19. Jkloc420

    Jkloc420 Well-Known Member

    Will it is either spend it here or waste in the?middle east
     
  20. Wrong

    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.