The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesda

[Jack]

The overall market is still about 12% off it's highs.

From Jan 2018, my portfolio has seen ZERO growth. If it wasn't for dividends I would have lost money. Yes, it's bounced back but it isn't going to be hitting any new highs this year or next. At this point the bounce is an optimism bounce. Reality will start to set in next earnings season.

Your 'Dividends' is what separates you from the Worker Drones, they get nothing.

[Poor Richard Saunders]

All of the information that I have seen show a booming economy coming, Trumper.

Good news, jobs, food on the table...right Trumper? Right?

Booming economy? The restaurant and hotel business isn't going to be booming any time soon.
Airlines are going to be not booming for years.
All of this will trickle down.

Tesla announced they are reducing car prices to try to incentivize sales.
Boeing is planning to layoff tens of thousands.
There isn't going to be this great boom. We will be hurting for the next couple of years.

The good news is, people like you are now making me money as I can bet against your optimism.

[Poor Richard Saunders]

Your 'Dividends' is what separates you from the Worker Drones, they get nothing.

35 + years of being a worker drone got me those dividends.

Work hard. Live within your means. Take a second job when you can. And start saving early in life.
That and some luck will hopefully get you there.

[dukkha]

any kind of recovery after SHUTTING IT DOWN is going to be welcome. Only a fool would make a prediction.

Trump did another batch of de-regulations to remove any impingement
( which I think even more then tax cuts gave us the booming Trump economy) -but stuff like limiting liability
to businesses for corona has to get done or restaurants and offices will never be able to get back to full function.

Dems of course are dragging their feet on that

[dukkha]

Sooooooo ... does this mean Trump keeps printing money to send to the Worker Drones as they lay around all day smoking weed and watching cartoons?

Pelosi has a fresh batch of cash ready to be flushed thru the system.
And she's working n making Blue States whole despite their mismangement

[Jack]

Pelosi has a fresh batch of cash ready to be flushed thru the system.
And she's working n making Blue States whole despite their mismangement

Does anybody raise Taxes to pay for this, or do we rely on massive inflation to solve the Problem?

[dukkha]

Does anybody raise Taxes to pay for this, or do we rely on massive inflation to solve the Problem?

get ready for inflation -yes

[Jack]

get ready for inflation -yes

hahaha ... yeah, that's what I was worried about.

[zymurgy]

Earl, what goes up, comes down.

probably not in your lifetime

[LV426]

WOW.

So that means since the tax cut started on 1/2/18, the DJIA has grown a mere 800 points in about 29 months, which is the worst growth since the Great Recession.

I'm old enough to remember when the promises made of the tax cut were that it would send the DJIA into the stratosphere...which it didn't really even do prior to COVID.

[dukkha]

hahaha ... yeah, that's what I was worried about.

i can't see how not - but we have pumped so much into the economy before (like the Stimulus) and gotten away with it..

[Jack]

i can't see how not - but we have pumped so much into the economy before (like the Stimulus) and gotten away with it..

It's the easy way out. Who wants to 'Raise Taxes'?

[dukkha]

It's the easy way out. Who wants to 'Raise Taxes'?

Biden

[Jack]

Biden

Raising Taxes would take Courage. So, yeah, maybe.

[Bourbon]

This means quite a lot to the 41 Million people who are now Unemployed