It's official. The S&P 500 officially in a Bull Market. Republiclowns wet panties.

J

Joe Capitalist

Racism is a disease
It's official. The S&P 500 officially in a Bull Market. Republiclowns wet panties.

Stocks were mixed on Friday morning as investors digested a pairing between two of the largest American automakers and prepared for the Federal Reserve's next decision on rate hikes.

The S&P 500 (^GSPC) rose 0.23% while the Nasdaq Composite (^IXIC) popped 0.48% and the Dow Jones Industrial Average (^DJI) slipped 0.10%.

The S&P 500 finished Thursday's trading sessions up more than 20% from its October 2022 lows, officially marking the start of a bull market.The stock rally to start 2023 comes as strong economic data continues to outweigh incessant recession fears.

"I do believe that the worst is behind us," BMO Capital Markets Chief Investment Strategist Brian Belski, who recently boosted his S&P year-end price target from 4,300 to 4,550, told Yahoo Finance Live. "The Fed, maybe, has one more interest rate increase between now and the end of the year, and that's OK, but I think most of that has been already priced into the market."
 
Tinkerpeach said:
That’s because the Republicans took the house.

They are finally fixing Bidens screw ups
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It's that what FoxNews told you? Do you know they're being sued for lying? Typical MAGA moron once again swallowing the far right wing bullshit. If you really think that's true, give us some examples of things the Republiclowns did after they took the House that benefited the market.


<Crickets>


Yeah, I didn't think so. Your surrender is accepted, TinyPeach.
 
More than two ia half years ago, Trump practically guaranteed that if Americans dared to elect Biden there would be an unprecedented economic depression of apocalyptic proportions
 
Cypress said:
More than two ia half years ago, Trump practically guaranteed that if Americans dared to elect Biden there would be an unprecedented economic depression of apocalyptic proportions
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Now the Republiclowns have to hope and pray for that unprecedented economic depression of apocalyptic proportions to occur. Otherwise, they got no chance to win in 2024. Do Republiclowns care what an unprecedented economic depression of apocalyptic proportions would do to the average American?

BWAAHAHAHAHAHAHAAAA!!! Fuck no.
 
BartenderElite said:
What legislation did they pass to have such a quick effect on the economy? Most economic cycles take time. Please provide some evidence of how the GOP is responsible for this.
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I'm not agreeing with his post however I don't think you are asking the correct question. The market is forward looking. It is possible that either party could take over the House and the market views it as a positive and thus boost stocks based on expectations. (I'm not saying that happened here but it could.)

A reminder that the market is not the economy. The economy can be performing poorly but the stock market still do well based on future projections (Fed actions etc.)
 
cawacko said:
I'm not agreeing with his post however I don't think you are asking the correct question. The market is forward looking. It is possible that either party could take over the House and the market views it as a positive and thus boost stocks based on expectations. (I'm not saying that happened here but it could.)

A reminder that the market is not the economy. The economy can be performing poorly but the stock market still do well based on future projections (Fed actions etc.)
Click to expand...

The market isn't detached from the economy, either.
 
cawacko said:
I'm not agreeing with his post however I don't think you are asking the correct question. The market is forward looking. It is possible that either party could take over the House and the market views it as a positive and thus boost stocks based on expectations. (I'm not saying that happened here but it could.)

A reminder that the market is not the economy. The economy can be performing poorly but the stock market still do well based on future projections (Fed actions etc.)
Click to expand...

A buying opportunity is what it’s called
 
Joe Capitalist said:
What constitutes a 'Zombie Company'?
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This is neither here nor there but sharing a personal story. I worked for a real estate tech start up for a year. Like many people in SF I was chasing the dream. You take a lessor salary and the carrot is the stock options. Well, after a year many of us got laid off as the company was going nowhere and hemorrhaging cash. Yet somehow it is still alive today even though it's not successful or progressing that far from when we left.

I'm on a group text with some ex co-workers and we refer to the firm as a zombie company. It got VC funding originally, its no where near profitable and somehow surviving on a shoestring budget with seemingly no real hope for a turnaround.
 
BartenderElite said:
The market isn't detached from the economy, either.
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This isn't some hill I'm trying to die on but if I was very cynical I might question my position here after seeing two people I rarely agree with say the same thing. But I think this is one of those cases that people from all beliefs can share. (although with Reich I don't agree with his definition of the real economy)


The Stock Market is Not the Economy

https://robertreich.org/post/633348633756041216



https://twitter.com/x/status/1315611971090296832
 
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