The Dow has never been over 40,000. The S&P 500 and the Nasdaq continue to break all-time high records as well. Unemployment is at it's lowest level since 1969. America should be elated! The handover to Biden in 2020 was an absolute mess. Sore Loser Trump never conceded the election, and as a result, the country was more divided than ever. The COVID mess was a huge early obstacle for Biden. COVID would have probably still happened, but it wouldn't have been near as bad, had it not been for all the early denials of Trump. Once Biden got us through COVID, much more was accomplished by the savvy political figure. An infrastructure bill was passed. The Chips and Science act was passed. Climate change legislation was passed. Most importantly, our streets are relatively peaceful, after the Trump years, with all his violent rhetoric. Trump built a debt of $8 Trillion over 4 years. Even with the accrued interest from Trump's massive debt, Biden's debt is projected to come in at $7 Trillion over 4 years. I think this needs to be more of a priority in Biden's second term. More recently, Biden was willing to pass "the most comprehensive immigration bill in the history of the United States", as described by staunch Conservative James Lankford (R-OK). This was the Bipartisan Senate bill that was agreed to after 4-months of tense negotiations. Republicans have never had this opportunity - to gain a win on so many of their talking points. This bill was blocked by Sore Loser Trump, as he threatened Lankford by saying, "If you put forth an immigration bill during this election year, I will destroy you". And according to Lankford, "that was before anybody even knew the contents of the bill". As this election is just around the corner, it's time to give credit where credit is due, and call a spade a spade. Sore Loser Trump is the spade. BTW, I'm a fiscally Conservative Independent voter.
Right now fears about interest rate increases, or the lack Fed actions to lower interests because of inflation are dampening the stock markets. I don’t see the Dow Jones going up to record levels this month.
Yea, but it makes some people feel better because they think they are “getting rich.” Gasoline was less than $2 a gallon, at times, under Trump. The last time I filled up, it was $4.50. Yea, my 401k is up, but not by that much. When I retired, I figured I needed a $1 million nest egg to be comfortable. I saw the other day that number was up to over $1.4 million. A million dollars is not what it used to be. When my parents were raising me, $100 thousand was the modern day million.
The economy is still too hot for Feds to cut rates, so it might not hit 40K in Aptil, but its only a matter of time when it does. S&P500 gained 30% last year, so people with $1M in 401K would have gained $300K, but even those who did gain that much like to complain about paying 30 cents more at the pump. Such is the mind of a natural born pessimist. The magic number was 1.3 and now its 1.4, and the gains in the stock market gains covered the gap many times over. Sure, my parents bought a house in the 60s for $20K and now its worth $600K. That's the nature of the beast.
Depends on the situation. No debt is important. We have no Utility bills and no gasoline bills because we invested in a Net-Zero home with enough renewables to also power our vehicles. In a normal month, we run surpluses with simply our Social Security and a Pension.
The market has been fantastic this last year. I think good or bad president's get too much blame or credit for what happens in the stock market. I hope everyone is enjoying their returns and hopefully you are invested in some winners.
What the heck are yo talking about? I was trying to offer some retirement advice (i.e. Be out of debt, etc.). And you start calling me a communist.
I apologize. I misunderstood your debt comment. If you can get an alternative energy home to work, great for you!
Well, as of April 16, it looks like the Dow Jones will NOT break 40,000. The stock market had a little tumbling, and it is now down to 37,921 , from a high of 39,807 on March 28.
Is anyone bothering to calculate how much of this is "increase" is simply due to inflation? If I own an asset, and suddenly the unit currency is worth half as much, then the asset automatically becomes worth twice as much unit currency, obviously.
