Bump when these numbers move

TravelinMan wrote:

Motown Spartan wrote:Friendly reminder that the stock market was never this high when Trump was in office.

"Ordinary people don't have money in the stock market. This only benefits the rich folks!"

Amazing. You posted a fact that is mostly correct.

BTW, Bump is the necessary last word when talking about the stock market in this thread.

Bump

TravelinMan wrote:

Motown Spartan wrote:Friendly reminder that the stock market was never this high when Trump was in office.

"Ordinary people don't have money in the stock market. This only benefits the rich folks!"

I don’t think even Bob really believes that.

Motown Spartan wrote:

TravelinMan wrote:

"Ordinary people don't have money in the stock market.  This only benefits the rich folks!"

I don’t think even Bob really believes that.

TM likes to take information that is 80% true and pretend it is 100% true. (Or 39% true if you are counting people, instead of percentage of stocks)

Bump

TravelinMan wrote:

Motown Spartan wrote:Friendly reminder that the stock market was never this high when Trump was in office.

"Ordinary people don't have money in the stock market. This only benefits the rich folks!"

Even non-rich folks benefit when they wisely invest in their company's 401k program.

Floyd Robertson wrote:

TravelinMan wrote:

"Ordinary people don't have money in the stock market. This only benefits the rich folks!"

Even non-rich folks benefit when they wisely invest in their company's 401k program.

87% of US stocks are owned by the top 20% of income earners.

40% of US stocks are owned by foreign investors.

bump

Pensions are invested in the stock market.

Motown Spartan wrote:

TravelinMan wrote:

"Ordinary people don't have money in the stock market.  This only benefits the rich folks!"

I don’t think even Bob really believes that.

I don't know enough about it to even have a belief.

I just know that I didn't work hard to get to where I am and that, apparently, annoys some people.

instead, I just enjoyed life and appreciated how fortunate I am. Still do.

Motown Spartan wrote:Pensions are invested in the stock market.

https://www.cnn.com/2023/09/07/success/pensions-retirement-savings-explained/index.html

Okay. Are you counting 401k and the other defined contribution plans as pensions.

I don't, and I think most would agree with me.

Trapper Gus wrote:

Motown Spartan wrote:Pensions are invested in the stock market.

https://www.cnn.com/2023/09/07/success/pensions-retirement-savings-explained/index.html

Okay. Are you counting 401k and the other defined contribution plans as pensions.

I don't, and I think most would agree with me.

No, it’s just a data point that supports the fact that the stock market benefits more than just the mega rich.

Motown Spartan wrote:

Trapper Gus wrote:

https://www.cnn.com/2023/09/07/success/pensions-retirement-savings-explained/index.html

Okay. Are you counting 401k and the other defined contribution plans as pensions.

I don't, and I think most would agree with me.

No, it’s just a data point that supports the fact that the stock market benefits more than just the mega rich.

Other than TM no one is disagreeing with that.

Trapper Gus wrote:

Motown Spartan wrote:

No, it’s just a data point that supports the fact that the stock market benefits more than just the mega rich.

Other than TM no one is disagreeing with that.

Hey, I'm just parroting what I learned during 2016 to 2020 from the good liberals here and on ToB. I'm nothing if not trainable.

Bullwrinkle errrr TravelinMan still trolling.

TravelinMan wrote:

Trapper Gus wrote:

Other than TM no one is disagreeing with that.

Hey, I'm just parroting what I learned during 2016 to 2020 from the good liberals here and on ToB. I'm nothing if not trainable.

Somehow you still believe in market economics even though the sellers totally control the prices, so I'm not so sure your "I'm trainable" is correct.

GRR Spartan wrote:Bullwrinkle errrr TravelinMan still trolling.

Hey now.. he worked hard to get to where he is.

https://apnews.com/article/stock-markets-employment-fed-inflation-growth-aa764f4e90e3a90e892ba3fe5f649031

Bump

Numbers, but not bumpable ones.

IMO the shakers & movers of the market are still unwinding the AI bubble, which of course they shorted, while waiting for the next shiny thing to inflate the price of...

https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-c6fa106a41d896ef3b62c3a2810ca1da

Employment numbers not good, UE drops however.

https://apnews.com/article/jobs-hiring-federal-reserve-inflation-unemployment-economy-bac1b453d3873d5f23f2061344d28fd9

I see the markets are already overreacting.  Jobs creation is down from last year because why create jobs you can't fill. Firings are down because getting 50% from a bad employee is better than 0% from a vacant job opening. Too bad corporate greed hadn't spurred 70% of the post-Covid inflationary pressure that got us into this mess to begin with. The jobs creation numbers reported are still UP from June and July and OMFG it's all doom and gloom.

Floyd Robertson wrote:I see the markets are already overreacting.  Jobs creation is down from last year because why create jobs you can't fill. Firings are down because getting 50% from a bad employee is better than 0% from a vacant job opening. Too bad corporate greed hadn't spurred 70% of the post-Covid inflationary pressure that got us into this mess to begin with. The jobs creation numbers reported are still UP from June and July and OMFG it's all doom and gloom.

Read that before the Fed rate cut became a forgone conclusion on the street bad news was good news and vice-versa, now bad news is bad news, however adding more jobs and a dropping UE is not bad news.

IMO the street wants prices to drop and is painting the news as bad news to justify what they are doing.

Trapper Gus wrote:

Floyd Robertson wrote:I see the markets are already overreacting.  Jobs creation is down from last year because why create jobs you can't fill. Firings are down because getting 50% from a bad employee is better than 0% from a vacant job opening. Too bad corporate greed hadn't spurred 70% of the post-Covid inflationary pressure that got us into this mess to begin with. The jobs creation numbers reported are still UP from June and July and OMFG it's all doom and gloom.

Read that before the Fed rate cut became a forgone conclusion on the street bad news was good news and vice-versa, now bad news is bad news, however adding more jobs and a dropping UE is not bad news.

IMO the street wants prices to drop and is painting the news as bad news to justify what they are doing.

The street wants it's 0.5% basis cut and won't be happy until it gets it.

TravelinMan wrote:

Trapper Gus wrote:

Read that before the Fed rate cut became a forgone conclusion on the street bad news was good news and vice-versa, now bad news is bad news, however adding more jobs and a dropping UE is not bad news.

IMO the street wants prices to drop and is painting the news as bad news to justify what they are doing.

The street wants it's 0.5% basis cut and won't be happy until it gets it.

The Fed is data driven...

The PCE is low enough to drop by 0.25

Trapper Gus wrote:

TravelinMan wrote:

The street wants it's 0.5% basis cut and won't be happy until it gets it.

The Fed is data driven...

The PCE is low enough to drop by 0.25

The Fed should be eliminated. Bunch of fucking hacks.

TravelinMan wrote:

Trapper Gus wrote:

The Fed is data driven...

The PCE is low enough to drop by 0.25

The Fed should be eliminated. Bunch of fucking hacks.

I find Milton Freidman Libertarians to be so ignorant of history.

Trapper Gus wrote:

TravelinMan wrote:

The Fed should be eliminated. Bunch of fucking hacks.

I find Milton Freidman Libertarians to be so ignorant of history.

Funny, I find leftist liberals to be so ignorant of economics.

TravelinMan wrote:

Trapper Gus wrote:

I find Milton Freidman Libertarians to be so ignorant of history.

Funny, I find leftist liberals to be so ignorant of economics.

I’m liberal because conservative economics is wrong in both theory and practice; it runs counter to basic business sense.

TravelinMan wrote:

Trapper Gus wrote:

I find Milton Freidman Libertarians to be so ignorant of history.

Funny, I find leftist liberals to be so ignorant of economics.

The one thing that is well known about economics is that it is not a academic discipline which has an agreed to cannon. Economics in the academy is an argument, not an agreed to set of principles.

What goes down also goes up....

https://www.schwab.com/learn/story/stock-market-update-close

Bump

Stock markets at all-time highs yesterday...

Bump

Trapper Gus wrote:Stock markets at all-time highs yesterday...

Bump

The economy is sneaky good right now. Lot of negative consumer sentiment (i.e. bitching and whining by entitled Millennials), but the fundamentals are solid.

I love staring at my 401k balance.

So a couple years ago the "experts" suggested I limit my exposure and spread it around... I did what they said (after all what the hell do I know) X% in bond backed X% in this fund or that fund... well the "bounce back" from the pandemic bullshit wasn't really reflecting my total with the "experts" suggestions. So I put it all in S&P 500 last October, I think I'm up like 28% since then.

AvgMSUJoe wrote:I love staring at my 401k balance.

So a couple years ago the "experts" suggested I limit my exposure and spread it around... I did what they said (after all what the hell do I know) X% in bond backed X% in this fund or that fund... well the "bounce back" from the pandemic bullshit wasn't really reflecting my total with the "experts" suggestions. So I put it all in S&P 500 last October, I think I'm up like 28% since then.

A solid index fund from a reputable house is like setting cruise control for investing. Super easy, super efficient, super effective.

AvgMSUJoe wrote:I love staring at my 401k balance.

So a couple years ago the "experts" suggested I limit my exposure and spread it around... I did what they said (after all what the hell do I know) X% in bond backed X% in this fund or that fund... well the "bounce back" from the pandemic bullshit wasn't really reflecting my total with the "experts" suggestions. So I put it all in S&P 500 last October, I think I'm up like 28% since then.

I did the same thing.

the only difference was, I put 3.5% into the NASDAQ, along with another 1.2% into the S&P.. mainly focusing on plastics, khakis and latex production..  loaded it into my profile, clicked "submit", sat back, dialed into the dashboard and watched my worth grow exponentionally. My 401-K was hotter than Georgia asphalt as I soaked it up in the hot tub.

Robert J Sakimano wrote:

AvgMSUJoe wrote:I love staring at my 401k balance.

So a couple years ago the "experts" suggested I limit my exposure and spread it around... I did what they said (after all what the hell do I know) X% in bond backed X% in this fund or that fund... well the "bounce back" from the pandemic bullshit wasn't really reflecting my total with the "experts" suggestions. So I put it all in S&P 500 last October, I think I'm up like 28% since then.

I did the same thing.

the only difference was, I put 3.5% into the NASDAQ, along with another 1.2% into the S&P.. mainly focusing on plastics, khakis and latex production..  loaded it into my profile, clicked "submit", sat back, dialed into the dashboard and watched my worth grow exponentionally. My 401-K was hotter than Georgia asphalt as I soaked it up in the hot tub.

Thank god for tWife, amiright?

Probably should bump this as the Markets hit another all-time high yesterday...

Bump?

(Friday market close) The bull market celebrated its second birthday a day early Friday by blowing out candles on new all-time highs for major U.S. indexes. Calmer wholesale inflation along with solid earnings from two large banks got the party started, though Treasury yields stayed near two-month peaks.

The S&P 500 index (SPX) topped 5,800 today for the first time after flirting with that level each of the prior two sessions. It's now up more than 60% from the 2022 low close of 3,577 posted October 12 that year, two years ago tomorrow. This is the fifth straight week of SPX gains.

The Dow Jones Industrial Average ($DJI) also closed at new highs, but the Nasdaq Composite ($COMP) remains under its July peak, partly reflecting investor rotation out of tech and into other sectors.

bump

not sure how accurate this is, but it looks pretty pretty close.

Currently:

Inflation = 2.4%
Unemployment = 4.1%
Average income = $59,428/year
Avg cost of healthcare = $6,468/year
Avg home cost = $420,000
Avg cost of groceries (1 person) = $238.46 - $434.33 per month
Price of gas = $2.95/gallon

Robert J Sakimano wrote:not sure how accurate this is, but it looks pretty pretty close.

Currently:

Inflation = 2.4%
Unemployment = 4.1%
Average income = $59,428/year
Avg cost of healthcare = $6,468/year
Avg home cost = $420,000
Avg cost of groceries (1 person) = $238.46 - $434.33 per month
Price of gas = $2.95/gallon

You could always link the main stream media outlet you saw it on?

This should have been bumped for the post election rally.

So

Bump

kingstonlake wrote:

Robert J Sakimano wrote:not sure how accurate this is, but it looks pretty pretty close.

Currently:

Inflation = 2.4%
Unemployment = 4.1%
Average income = $59,428/year
Avg cost of healthcare = $6,468/year
Avg home cost = $420,000
Avg cost of groceries (1 person) = $238.46 - $434.33 per month
Price of gas = $2.95/gallon

You could always link the main stream media outlet you saw it on?

my wife texted it to me.

she's a good citizen, patriot, immaculate scholar and and overall swell lady.

Start a separate thread with those numbers. Name it “numbers Trump has inherited from Biden saving our country”.