MovieChat Forums > Joe Biden Discussion > Dow Jones hits all-time high on 12/13/23...

Dow Jones hits all-time high on 12/13/23 - Thank you, President Biden!


https://finance.yahoo.com/news/stock-market-news-today-dow-surges-to-record-stocks-soar-after-fed-previews-rate-cuts-194520322.html

Dow surges to record, stocks soar after Fed previews rate cuts

reply

And then it just crashed today. All it’s really done is just get back up to where it was in 2021.

reply

Artificial Pump, what comes after ?
A massive dump.

reply

Biden is brain dead, stop pretending otherwise

reply

What does that say about Trump who was soundly defeated by Biden in 2020?

reply

Says main stream media collusion, says high levels of corruption with the mail in ballots, says that some people are willing to corrupt democracy in daylight in order to further their agenda

Shameless

reply

Do you have proof that the 2020 election was rigged because no one else does? Maybe you retards are just waiting for the right moment to release any evidence that the 2020 election was stolen. Let's see you double down on stupid.

reply

Hey now…be nice. Imagine if your mother came here and read one of your nasty posts.

reply

That would be difficult since my mother is dead.

reply

Is she really, though? Moms never stop watching over their sons.

reply

Roll eyes. Over 20 years ago the federal government pretty well neutered interest rates to goose the economy along. One of the side effects of the internet is less need for brick and mortar retail so less real estate development for that unlike previous times. Younger people are moving back to the city in part to save money on transportation so less urban sprawl because fewer housing developments are being done. All these factors resulted in a funnel effect in terms of money being pushed into the stock market. The largest generations period namely the Baby Boomers and Generation X are in the process of going from net investors to net sellers. This will serve to push stock prices down. Government will try to print money to offset this but that will create inflation such as we are seeing now. It also creates more questions of fairness as "why for thee and not for me" in terms of bailouts. I'd argue that the last few federal bailouts dating back to the dot.com bust were done to save the investments of a small portion of people in this country. Most people here still have no direct investment in the DOW, NASDAQ, etc.. At some point there will be a day of recogning as all the federal stimulus will not keep stocks pumped up as there will not be enough private money to catch all the pins the markets are juggling now.

reply