DOW crosses 40k milestone; Biden economy PRAISED

[LeftistGent]

https://www.forbes.com/sites/dereksa...h=66436ddc5380

First the Trump cultists said we'd crash in 2021, then they said 2022, then 2023, then it got pushed to 2024. LMAO chad Biden absolutely BTFOing Trump cultists, gave zero chits about rate hikes, just took his dink out and said "do what you need to do". Meanwhile Trump was crying about .25 rate hikes LOL

[Phil9]

Stock market meltdown any day now as Trump and Misc armchair economists predicted...

[LeftistGent]

Stock market meltdown any day now as Trump and Misc armchair economists predicted...

They'll get their wish if Trump gets back in. LMAO

[John L]

Laaaaawd, I just got my 7th promotion and raise since Biden took office yesterday and I just heard through the grapevine that after this DOW milestone, the CEO is already talking about promoting me again already and is specifically giving credit to this Biden economy.

[Paul Kreul]

All about valuations.

All an illusion of wealth.

Someone is overpaying for ownership right now.

That is all.

Does nothing to help the real economy.

[LeftistGent]

All about valuations.

All an illusion of wealth.

Someone is overpaying for ownership right now.

That is all.

Does nothing to help the real economy.

[Paul Kreul]

Prove me wrong.

I’ll wait.

Surely you’ll deliver

[AlfBundy]

No one is buying your lies. Try something else

[turk75]

Laaaaawd, I just got my 7th promotion and raise since Biden took office yesterday and I just heard through the grapevine that after this DOW milestone, the CEO is already talking about promoting me again already and is specifically giving credit to this Biden economy.

Congrats on your big promotion to the Burger Station at McDonalds bro!



Fkin cuck.

[gachase21]

Nice,

Still below January 2021 adjusted for inflation - maybe with todays close we will get closer to 3 year break even

[LeftistGent]

Nice,

Still below January 2021 adjusted for inflation - maybe with todays close we will get closer to 3 year break even

It's enormously impressive how well the Biden administration has navigated a very tumultuous landscape when literally every Trump cultist said we would crash hard. We had runaway inflation thanks to Trump's reckless spending which has been mostly contained at this point, while also maintaining low unemployment.

Trump cultists have been moving the goalposts since 2021 and it's frankly embarrassing at this point. You cannot in good faith still believe that Biden isn't navigating this effectively.

[yabbayabba]

No one is buying your lies. Try something else

Philtard did, but 68 IQ makes you believe a lot of things.

Also, I just got my 7th promotion and raise since Biden took office yesterday and I just heard through the grapevine that after this DOW milestone, the CEO is already talking about promoting me again already and is specifically giving credit to this Biden economy.

<insert dancing Jon Stewart>

[OPGenesis]

> markets crashed in 2019
> Fed bails out the repo market
> stocks have been on the rise since Obama, because any time crisis presents itself the Fed flushes the market with liquidity.

Downfall is we have massive inflation, with WS calling for rate cuts, which are inflationary.

Some metrics have a 3mma of 6% inflation.

The stock market doesn’t reflect the economy. Probably the most manipulated asset market other than real estate.

[FelixTheCat1919]

So the top 5% of the country are doing well while groceries, gas, and housing/rental costs are all still through the roof, crushing the middle class. Neat.

[CCFD2466]

Idk man, everything seems more expensive.

[OPGenesis]

Idk man, everything seems more expensive.

Inverse correlation between paper asset values and purchasing power.

Rest assured when the Fed cuts rates the rich will get richer and the poor will get poorer.

[LeftistGent]

So the top 5% of the country are doing well while groceries, gas, and housing/rental costs are all still through the roof, crushing the middle class. Neat.

60% of Americans are in the stock market boyo

[OPGenesis]

60% of Americans are in the stock market boyo

Care to break this 60% down, instead of posting this meaningless metric. Break that 60% down for us.

[OPGenesis]

Per David Stockman

Aggregate Net Worth Gain, Q4 1989 to Q3 2023

Top 0.1% or 131,000 households (purple area): +$18.2 trillion or 11.4X.
Top 1.0% or 1.34 million households (black area): +$40.0 trillion or 9.5X.
Bottom 50% or 65.7 million households (blue area): +$3.7 trillion or 5.1X.

Net Worth Gain Per Household, Q4 1989 to Q3 2023

Top 0.1%: +$139 million each.
Top 1.0%: + $30 million each.
Bottom 50%: +$55,000 each.
Ratio of Top 0.1% Versus Bottom 50%: 2,500X

[BigDickBlack]

Must be true, libtard media says so. ** eye roll **

OP, literally swallows gallons of semen.

[GuineaDago585]

Everyone should sell off their stocks srs. Biden does NOT deserve an election year economic victory after destroying this country the way that he did. This is ridiculous.

[frankdtank20]

Ok, the Dow is up 17% over the last 3 years. Not terrible, not good either (slower than inflation since then). 3 years ago was right when even Covid dictators had eased up a little and let schools and businesses open back up, so that timeline is a good gauge of the stock markets. The S&P has gone up about 25% in those 3 years, a little above inflation since then. Also not terrible. Also completely unremarkable for a recovery period.

Absent recessions, this is low growth.

[OPGenesis]

Everyone should sell off their stocks srs. Biden does NOT deserve an election year economic victory after destroying this country the way that he did. This is ridiculous.

You are seriously one of the most stupid low IQ people I have ever wasted time reading their comments.

You should be banned from this forum and life in general for being so fuking stupid.

And the sad thing is you think Drumpf is going to save you from your unfortunate circumstances in life.


Do like a good cuckservative and pull yourself up by your own bootstraps rather than waiting for Drumpf to do it for you.


He ain’t going to save you from going bald.

[frankdtank20]

Everyone should sell off their stocks srs. Biden does NOT deserve an election year economic victory after destroying this country the way that he did. This is ridiculous.

Stupid comment. There are multiple reasons for the stock market melt up over the last 6 months, one of them being the federal and local governments spending like we're still in the pandemic. The Fed not announcing rate cuts has been stimulatory for the stock market. If you don't get it, good luck.

[gregxy]

The stock market follows the fed, and nothing else. Each time "inflation" goes down the market goes up since investors anticipate the money printing to start again.

The money printing (and inflation) must start agai, soon. Its the only way the government can finance its debt.

So its not the stock market going up, its the dollar going down.

[Verstatik]

house of cards is being propped up for just a little bit longer

[LeftistGent]

house of cards is being propped up for just a little bit longer

cope

[ColdandChilly]

Stupid comment. There are multiple reasons for the stock market melt up over the last 6 months, one of them being the federal and local governments spending like we're still in the pandemic. The Fed not announcing rate cuts has been stimulatory for the stock market. If you don't get it, good luck.

Yes I never heard Trump cucks talk about all the spending and Fed policy when Trump kept yapping about his stock market gains.

[Stizzel]

I fully support libs responding to the hardships of working class americans by telling them this is the best economy ever

Keep it up libs

[OPGenesis]

I fully support libs responding to the hardships of working class americans by telling them this is the best economy ever

Keep it up libs

And you so retarded you think Drumpf represents the blue collar guy lmao.