Stocks rise for 5th straight week. MAGA soils diapers.

J

Joe Capitalist

Racism is a disease
https://finance.yahoo.com/news/stock-market-news-today-stocks-rise-for-5th-straight-week-building-on-november-rally-210224112.html

US stocks rose Friday afternoon, building on a stellar November, even as investors digested a warning from Federal Reserve Chair Jerome Powell that it would be "premature" to conclude that Fed rate hikes are over or "speculate" when cuts could begin.

The S&P 500 (^GSPC) increased about 0.6% to a new 2023 closing high, while the Dow Jones Industrial Average (^DJI) rose roughly 0.8% or nearly 300 points. The tech-heavy Nasdaq Composite (^IXIC) advanced 0.5%. All three indexes closed positive for a fifth straight week.

Stocks soared in November to post their best monthly performance since 2022 as conviction that the Fed was done with rate hikes morphed into growing hopes for rate cuts before the summer.

"It's one of the best months we've seen in the last decade," eToro US investment analyst Callie Cox told Yahoo Finance Live. "And I think it shows us how a lot of investors were caught off guard by the Fed's flexible stance after the Nov. 1 meeting."
 
There is amazing diversity in reputable economic predictions for the next year. Some experts think there will be 1% growth, and others think there will be 4% growth. Some experts think inflation will drop rapidly, and others think it will drop slowly.

They all agree it will be a year of getting better, but the disagreement is how much better. Stocks are reflecting that.

If our alt right posters think that everyone is wrong, they can make a huge profit off of shorting stocks, or investing in options. There are many ways to profit off falling stocks, especially if no one knows they will fall.
 
SmarterthanYou said:
isn't it interesting how the health of the economy gets measured, depending on who sits in the white house.
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It is. For inexplicable reasons, we always give the POTUS the credit even though in reality none of them have much to do about it.

Except, of course, when they totally mishandle a pandemic. lol
 
SmarterthanYou said:
isn't it interesting how the health of the economy gets measured, depending on who sits in the white house.
Click to expand...

Actually, the stock market investors are interested in making money, not in making a political statement. If you think they are making a political statement, and leaving themselves open to huge losses, there are ways you can profit off that supposed knowledge.
 
Joe Biden Tops Donald Trump in Crude Oil Milestone
The Biden administration has outpaced the Trump administration when it comes to crude oil production, with the United States now producing more crude oil than at any other time in history at 13.2 million barrels a day, the U.S.
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If anyone thinks we were "energy independant" under Trump we damn sure are now! I guess that's one more arguement the right has lost.
 
Walt said:
There is amazing diversity in reputable economic predictions for the next year. Some experts think there will be 1% growth, and others think there will be 4% growth. Some experts think inflation will drop rapidly, and others think it will drop slowly.

They all agree it will be a year of getting better, but the disagreement is how much better. Stocks are reflecting that.

If our alt right posters think that everyone is wrong, they can make a huge profit off of shorting stocks, or investing in options. There are many ways to profit off falling stocks, especially if no one knows they will fall.
Click to expand...

Alt right posters don't think that everyone is wrong.
Alt right posters think whatever Trump tells them to think.

GorgeousMisguidedIrishsetter-small.gif
 
ThatOwlWoman said:
It is. For inexplicable reasons, we always give the POTUS the credit even though in reality none of them have much to do about it.

Except, of course, when they totally mishandle a pandemic. lol
Click to expand...

its not really just that. Just like this thread, if the stock market is doing well, then we see the base of that presidents party praising the economy, but if it's the opposing party, then we have to hear claims that we should be judging the economy on how the middle and lower classes are doing.
 
Walt said:
Actually, the stock market investors are interested in making money, not in making a political statement. If you think they are making a political statement, and leaving themselves open to huge losses, there are ways you can profit off that supposed knowledge.
Click to expand...

I'm specifically talking about the voting base.
 
Port Tack said:
If anyone thinks we were "energy independant" under Trump we damn sure are now! I guess that's one more arguement the right has lost.
Click to expand...

Oh, the MAGA morons will just call it Fake News just like their Orange Jesus.

If Donald Trump has taught his cult anything, he's taught them how to deny reality. He's a World-Class Charlatan.
 
SmarterthanYou said:
I'm specifically talking about the voting base.
Click to expand...

The stock market moves based on the investor base, not the voting base. They are overlapping, but not the same.

It is looking more and more certain that 2024 will be a good year for the economy. That will make it more difficult for trump.
 
Walt said:
The stock market moves based on the investor base, not the voting base. They are overlapping, but not the same.

It is looking more and more certain that 2024 will be a good year for the economy. That will make it more difficult for trump.
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are you purposefully ignoring the point, or did it just escape you?
 
SmarterthanYou said:
are you purposefully ignoring the point, or did it just escape you?
Click to expand...

The stock market is doing well, because the economy will do well in 2024. The economy doing well in 2024 will help Biden with moderate voters, but will make no deference with the extreme trump voters. The extreme trump voters will not win the election for trump, so who cares?
 
America is now run by a neo-Marxist Revolution...the stock market does not mean what you think it means....but it will crash as America collapses.....this can not be avoided.
 
Hawkeye10 said:
America is now run by a neo-Marxist Revolution...the stock market does not mean what you think it means....but it will crash as America collapses.....this can not be avoided.
Click to expand...

Hawkeye has already predicted it will crash by the end of this month. If it does not, we have to wonder about all of Hawkeye's statements.
 
SmarterthanYou said:
its not really just that. Just like this thread, if the stock market is doing well, then we see the base of that presidents party praising the economy, but if it's the opposing party, then we have to hear claims that we should be judging the economy on how the middle and lower classes are doing.
Click to expand...

That is true, thanks. Seems the middle class is currently doing well, and the "lower classes" are still struggling.
 
ThatOwlWoman said:
That is true, thanks. Seems the middle class is currently doing well, and the "lower classes" are still struggling.
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Even some in the lower class are doing better than ever before. There is an extreme demand for low skilled workers, that is allowing some very (comparatively) high pays. There are lower class people working at McDonald's making as much as $50 an hour.

$50 is an extremely unusual high, but there has been a lot of people making $20 an hour who never made more than $8 an hour.

https://www.dailydot.com/unclick/mcdonalds-50-dollars-an-hour/
 
Hawkeye10 said:
America is now run by a neo-Marxist Revolution...the stock market does not mean what you think it means....but it will crash as America collapses.....this can not be avoided.
Click to expand...

You are a fucking dumbshit. There is nothing marxist nor is there any revolution taking place so quit making yourself look so fucking stupid.
 
Walt said:
Even some in the lower class are doing better than ever before. There is an extreme demand for low skilled workers, that is allowing some very (comparatively) high pays. There are lower class people working at McDonald's making as much as $50 an hour.

$50 is an extremely unusual high, but there has been a lot of people making $20 an hour who never made more than $8 an hour.

https://www.dailydot.com/unclick/mcdonalds-50-dollars-an-hour/
Click to expand...

Another good reason to allow a few million to imigrate into this country, it's precisely what it needs. Pretty soon we will be paying $35 for a fucking Big Mac sandwich because the right are so fucking bigoted and stupid.
 
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