Dow closes above 35,000 for the first time. God Bless President Biden.

[Hawkeye10]

Like at the end of George W. Bush’s eight years?

You would need to put some meat on them bones.

[Jarod]

I have been all cash since OCT 16 and I dont regret it...I am putting a lot of money into this Oasis I have built for myself, the homestead, this place that I long ago decided to die in. I will not stay that way but I am not going back into the equity markets till after the crash, if at all.

I am still thinking about gold, but next up is central AC.

I have a friend who did the same thing the day Obama was inaugurated, he missed out on a lot of gains.

[Hawkeye10]

I have a friend who did the same thing the day Obama was inaugurated, he missed out on a lot of gains.

I am near the end of life....I am enjoying my money....also getting ready for hyper inflation.

[Jarod]

I am near the end of life....I am enjoying my money....also getting ready for hyper inflation.

Glad you are enjoying it.

[Hawkeye10]

Glad you are enjoying it.

I am old enough and have paid attention enough to have heard first hand and remembered the stories of those who lived through the Great Depression. If you know the crash is coming the thing to do is fix up the homestead, and have enough socked away as safe as you can to pay the taxes so that you can keep it.

Thank You

[Damocles]

There is a downturn coming down the pipe... I'd suggest folks prepare a bit, but folks seem to ready to congratulate themselves on making "easy money" and forget that this works in cycles.

[Jarod]

I am old enough and have paid attention enough to have heard first hand and remembered the stories of those who lived through the Great Depression. If you know the crash is coming the thing to do is fix up the homestead, and have enough socked away as safe as you can to pay the taxes so that you can keep it.

Thank You

Are you aware of how long it took for the stock market to fully recover from the crash that happened at the start of the great depression?

[ThatOwlWoman]

The popping of this bubble will be devastating.

Buckle Up.

We've been hearing that since Joe got the nomination.

[T. A. Gardner]

And, if you've got the cash to invest in the stock market you made out. Otherwise you just get screwed by the overall inflation of the economy and rising prices. So, Joke is helping the rich and fucking the poor...

[Hawkeye10]

Are you aware of how long it took for the stock market to fully recover from the crash that happened at the start of the great depression?

Irrelevant....America is not coming back this time..China will insist..But I house I can enjoy.....I rarely leave anymore.

Also, SARS-COV2 looks like it is going to stay, and kick our asses.

[Callinectes]

It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs.

The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever. The S&P and the Nasdaq both climbed 1%.

On Monday, the market was deep in the red and the Dow (INDU) recorded its worst day since last October. The S&P 500 (SPX) and the Nasdaq Composite (COMP) logged their worst performances since May.

Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.

“Although the variant has punctured the ‘vaccine euphoria’ that was prevalent in the market several months ago, investors seem convinced that economies will continue to open up gradually despite the new variant,” said Marshall Gittler, head of investment research at BDSwiss Group, in a note to clients.

A preliminary reading of IHS Markit’s July purchasing managers’ index showed manufacturing at a record high for the data series, beating economists’ expectations.

Yes! Let's all get on our knees and offer prayers of thanksgiving to Saint Joseph of Dementia!(well, excuse me from your false idol worship, but please, TELL US ALL WHAT HE FUCKING DID TO BRING ABOUT THIS MIRACLE!).

Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.

Those investors must have been REALLY scared of the covid business, because they ran away for a WHOLE FUCKING DAY.

[cawacko]

It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs.

The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever. The S&P and the Nasdaq both climbed 1%.

On Monday, the market was deep in the red and the Dow (INDU) recorded its worst day since last October. The S&P 500 (SPX) and the Nasdaq Composite (COMP) logged their worst performances since May.

Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.

“Although the variant has punctured the ‘vaccine euphoria’ that was prevalent in the market several months ago, investors seem convinced that economies will continue to open up gradually despite the new variant,” said Marshall Gittler, head of investment research at BDSwiss Group, in a note to clients.

A preliminary reading of IHS Markit’s July purchasing managers’ index showed manufacturing at a record high for the data series, beating economists’ expectations.

What's your take on whether he should reappoint Powell or not?

[Joe Capitalist]

They kept hoping for that during the eight years of Obama’s administration. We didn’t have a recession until Trump was president.

And who did Trump blame for that? Obama? Hillary? Carter? Truman?

[Jarod]

Irrelevant....America is not coming back this time..China will insist..But I house I can enjoy.....I rarely leave anymore.

Also, SARS-COV2 looks like it is going to stay, and kick our asses.

I’m glad you chose to stay home.

[Jarod]

And who did Trump blame for that? Obama? Hillary? Carter? Truman?

He did not acknowledge it happened.