The ECONOMY ,Stock Market, , & General Finance

Dow closes in record territory, breaking symbolic barrier of 30,000 for first time

https://www.nbcnews.com/business/ma...yellen-treasury-n1247399?cid=eml_nbn_20201124


Certainly a constructive signal...a response to the selection of Bidens team??

Positive response development of Vaccine a factor as well.

 

As has been proven through time , Presidents don’t influence markets as much as a guy like Trump thinks. Many factors effect the Market. I think the biggest thing the Market likes Today is that appears Trump might just put his big boy pants on and stop denying the reality that he lost. The Market likes stability and a smooth transition is stability.

 

Yes and no. Trump wasn't too bad with the economy. No Trump fan myself but I
suspect the economy will be worse off under Biden, but not by a lot. In Australia
the economic performance between conservative and progressive parties is only
about 2%. Democrats are more for regulation.
Vaccine helps things along regardless of whose in govt..

 

We tend to get a bounce in the stock market no matter who wins. Investors hate uncertainty, and we normally see a spike after an election; the results don't matter so much that it's over. Some are probably looking forward to an end to Trump's anti-business, interventionist protectionism, though. He showed a willingness to create taxes on a whim, without going through Congress, whereas any taxes Biden inflicts will at least have Congress as a barrier, as per the Constitution. The vaccine news is likely a big factor as well.

 

He was great for America's economy.
He only lost because Covid 19 and his big mouth

 

Biden is too far out tor markets to meaningfully do anything about it.
Usually traders are concerned with unemployment reports, the growth of the economy, and industry-specific, or company-specific developments.
The news of the vaccine gave markets a boost, but news are coming up that the vaccine might not be certified, which might cause a major dive.

 

You are all confusing the stock market with the economy, they are not one and the same. Obama had a great economy after his first couple of years getting out from under the great recession of Bush. His GDP growth was as good if not better than Dirty Donalds first 3 good years, his last year is obviously a complete and total disaster.

 

You start off saying presidents dont affect it much, or at least not as much as Trump thinks. Then you go on to say that Trump affected the stock market by a big swing in one day lol.

What anti business practices? Taxes on a whim? Interventionist?

What makes you think biden will care what the congress has to say?

 

Protectionism. Tariffs. No, I don't think Biden will circumvent Congress to create taxes on a whim the way Trump has. I'll gladly call for his impeachment if he does. But I guess actually caring about the Constitution is a little old-hat for Trump supporters.

 

He didnt do anything illegal or they would have domt something....
I disagree with hoe he did a lot just like obama but very fee things could be labeled unconstitutional and even the best arguments would lose in court. That's why they werent taken there.

 

Sheesh people get a clue, the markets are responding to QE... there is no connection between the economy and the market

 

Quantitative easing ???

 

No single day makes a Market, but I’ll(wrongly)assume you know that.

 

I never said that your changing the topic and being a smartass for no apparent reason.

 

i am totally on topic. Right back at you!

 

I'll wrongly assume you can manage your own money.... lol right back at you

 

Good. A gridlock is good for the markets. I predict Biden will be one of the most passive presidents we have ever had, which I think it just what we need after 4 years of chaos, finger pointing and whining.

 

Economic growth in Trump's first three years was almost identical to Obama's last three.



Why do you say Trump was so great for the economy?

 

Generally true, but there is some connection. One wonders how much when IPOs for money losers like AirB&B rake in $$$.

 

America’s biggest companies flourished during the pandemic, but put 100,000 out of work and rewarded investors, analysis shows

https://www.washingtonpost.com/grap...0.x-fjXB-UsxLRDB5ryqcbzPUcrwC6YWMkgLaPiLh0c8M

 

Trump doubled my 401K. Doubt Biden had anything to do with it.

 

U.S. would save $2.6 billion if Biden halts border wall project, Pentagon estimates show

https://www.nbcnews.com/politics/po...-soon-next-week-n1251500?cid=eml_nbn_20201216


Makes financial sense. There are many levels of technologies that can be used for" border security " without resorting to an expensive and rather primitive wall.

 

Stimulus deal in sight after compromise reached on Fed dispute

https://www.politico.com/news/2020/12/19/coronavirus-stimulus-saturday-448631


A break through!?? That one took some effort.

 

The market did not get anywhere near double, but its nice Trump doubled your 401K.

The market tripled under Obama, but who's counting.

 

Yes or more descriptively printing money out of thin air.