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re: Both the DJ30 Industrial Average and the S&P500 Index set new closing highs for 2023...
Posted on 12/9/23 at 7:35 pm to Thundercles
Posted on 12/9/23 at 7:35 pm to Thundercles
idiot democrats in this thread think food pricing is cheap!
1
Posted on 12/9/23 at 7:46 pm to Thundercles
that unemployment rate has tons of holes in it that has been explained ad infinitum.
labor participation is a better number to use.
biden is a useless POS. bottom line. look at his failed policies.
labor participation is a better number to use.
biden is a useless POS. bottom line. look at his failed policies.
Posted on 12/9/23 at 10:12 pm to Thundercles
quote:
Inflation has been a bitch, everything costs more. Luckily, the stock markets have been resilient and grown so that top 33% of the country has reaped great benefit which minimizes inflation pain. The bottom 39% is still scraping by, and gets no stock market gain but all the inflation pain. The middle 29% probably has an average of under 5k in the stock market and is getting almost no benefit but all inflation pain.
So when someone says "explain how Wall Street wins while Main Street goes under" that's the exact explanation. It's not something you can just dismiss because it's not your personal reality.
Elections have consequences. Just a few short years ago, mainstreet and Wall Street were doing well. It won't be long until both are in the shitter. Wish everyone good luck navigating the next few years.
Posted on 12/10/23 at 8:56 am to Fat Bastard
It is my experience that there are an equal number of idiot republicans in this country. Stupidity is very diverse.
Posted on 12/12/23 at 8:50 am to Thundercles
quote:
Wealthier people offset the pain of inflation by having their stock portfolio grow, main street only has pain.
I’m not picking at your post and I’m not trying to get a dog into this debate. But let’s remember that inflation, by its nature, attacks purchasing power. So it’s really income, not asset valuations, that means the most. We use our incomes to buy things, right? But with that said, I also believe that it’s safe to assume that wealthier people generally have higher incomes, apart from their assets. And it’s that (meaningfully higher than the personal or household median) income that makes inflation less of a factor in their lives.
When discussing equities (or any asset), we have to remember that unless one sells a stock at a higher valuation than where it was bought, there’s no immediate financial benefit which would address an inflation concern.
Posted on 12/14/23 at 7:52 am to Jag_Warrior
quote:
also believe that it’s safe to assume that wealthier people generally have higher incomes, apart from their assets. And it’s that (meaningfully higher than the personal or household median) income that makes inflation less of a factor in their lives.
Wealthier people can adjust to the impact of inflation easier than non wealthy people
Consider the cost of eggs. A wealthy person might ordinarily buy expensive organic grass fed eggs but when inflation hits, they can buy regular eggs at the same cost that they used to pay for the organic. Not much of an impact.
Same for dining out. They can go to mid tier restaurant over the expensive restaurant. They can travel domestic vs international.
Wealthier people’s lives are less impacted.
Poorer people don’t have those choices. They just have to cut back on food entirely or not travel or eat out at all.
Wealthier people can also enjoy higher rates on their savings.
Poorer people can’t.
This post was edited on 12/14/23 at 10:01 am
Posted on 12/14/23 at 7:57 am to Fat Bastard
quote:
labor participation is a better number to use.
Labor participation rate has been about the same ever since Trump decided it was a good thing to pay people to sit on their arse and not work and send out multiple Socialist stimulus checks with his signature on them
Posted on 12/14/23 at 8:33 am to ronricks
Labor participation rate actually went UP in the last print.
Posted on 12/14/23 at 9:49 am to Thundercles
quote:
50% of the country doesn't own stocks.
How many pension plans invest in the stock market?
It seems to me that as a taxpayer I benefit when government pension plans do well, right? I also benefit if I receive a pension through a private plan.
Why rain on the parade? If investors make money in the market wouldn’t they likely invest more money? Wouldn’t further investments help create better jobs?
Posted on 12/15/23 at 5:27 am to LSURussian
And nearly $6 trillion is parked in money market funds. Some of that at least will, at some point, be looking for a home, one preferably with some yield attached.
Posted on 12/15/23 at 10:57 am to SlidellCajun
quote:
And nearly $6 trillion is parked in money market funds
That's much more than I thought it would be.
Posted on 12/15/23 at 11:10 am to SlidellCajun
quote:
ome of that at least will, at some point, be looking for a home, one preferably with some yield attached.
Uhh have you looked at repo rates?
Posted on 12/15/23 at 12:52 pm to SlidellCajun
quote:And $4 Trillion in dry powder across PE/private credit/RE.
And nearly $6 trillion is parked in money market funds.
Posted on 12/15/23 at 11:42 pm to slackster
quote:
Market is on a tear.
Time in the market > timing the market.
Took me a long time and a lot of pain to understand this.
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