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How Low Will It Go (Stock Market)

tlbakernc

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Sep 10, 2019
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Mooresville NC
I feel we’re in for a pretty good fall in the Stock Market? What’s your prediction on the low point? Will we hit stagflation? I could see the DOW below 28,000 and S&P under 3500. Also predict near $6.00 gallon gasoline and food costs getting outta hand by year end or early 2023. People will only have money for essentials.
 
I feel we’re in for a pretty good fall in the Stock Market? What’s your prediction on the low point? Will we hit stagflation? I could see the DOW below 28,000 and S&P under 3500. Also predict near $6.00 gallon gasoline and food costs getting outta hand by year end or early 2023. People will only have money for essentials.
Give Dims a vote.
 
Give Dims a vote.
This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling was refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
 
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This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling were refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
Best laugh I had in a long time. What the F*** are the Dems trying to do?
 
This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling were refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
Good God! The Dems are trying? Trying to destroy the fu$&!ng country maybe!
 
This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling was refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
If this country and our entitled youth keep voting for these progressives then we are finished.
 
If this country and our entitled youth keep voting for these progressives then we are finished.
You are partially right. We need to get the extremes out of government. 70 plus percent of Americans are moderates and lie within one standard deviation of the mean when broken down by issue. Nearly 80% within 2 yet elected officials representative of the other 20% control congress.
 
You are partially right. We need to get the extremes out of government. 70 plus percent of Americans are moderates and lie within one standard deviation of the mean when broken down by issue. Nearly 80% within 2 yet elected officials representative of the other 20% control congress.
The problem is the big cities. Because most normal folks have left America's big cities this has created a void for radical progressives to get elected to positions they never had a chance to get before. See clowns like AOC and Talib.
The folks left in these cities seem to be deaf dumb and blind to how progressives are destroying the cities and the country.
And they bribe our youth with promises of free college.
Not sure what can be done about this but it's a big problem.
 
Best laugh I had in a long time. What the F*** are the Dems trying to do?
+1000 Agree. We have outta sight inflation, gas through the roof, borders out of control, crime in our cities that is insane., and a market crash that hasn't been seen since the Great Depression. Yet, what is our VP doing: talking and giggling about "Electric School Buses." Neither of these idiots in the WH has a clue of the problems that "they have created."

Nancy Pelosi had the balls, ha, to go shopping at high end stores Then walking carrying her shopping bag, flashing her Platinum American Express Card. Like the freezer she showed off in her home that costs more than most Americans Cars!
 
+1000 Agree. We have outta sight inflation, gas through the roof, borders out of control, crime in our cities that is insane., and a market crash that hasn't been seen since the Great Depression. Yet, what is our VP doing: talking and giggling about "Electric School Buses." Neither of these idiots in the WH has a clue of the problems that "they have created."

Nancy Pelosi had the balls, ha, to go shopping at high end stores Then walking carrying her shopping bag, flashing her Platinum American Express Card. Like the freezer she showed off in her home that costs more than most Americans Cars!
This new Democratic party only cares about their whack job ideology. And they are really not Democrats - they are progressive socialists. They don't care if gas is $100 a gallon. They figure screw you - get an electric car. Same with the stock market. They believe the stock market is only for the rich so let it burn. And they could care less about crime. Arresting criminals isn't fair to them.
 
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The problem is that we have too many that voted for candidates that

1) said they would end fossil fuels, shut down oil and gas projects costing billions, continue to cancel oil and gas leases even at nearly $5/gal gas,

2) championed years long covid shutdowns of healthy low-risk adults causing massive supply chain issues while forcing covid-infectious recovering patients into nursing homes,

3) shut down and held school kids hostage until passing over $100 billion in covid relief money to schools who said they could not open without it but have to date not spent 93% of those funds,

4) continued with trillions more in covid spending when it was clear that inflation was becoming a major problem and today still want to give stimulus payments in response to record inflation and cancel student debt for the group with the highest potential earnings futures paid for by the tax dollars of those with the least (non-college educated, retirees, those who paid their student debt back and have fewer years of earnings remaining), both of which will flame even worse inflation,

and these idiots that voted themselves new record gas prices every week, now a contracting GDP, 10s of millions of Americans being driven into poverty with crushing record inflation, a collapsing stock market, and dwindling retirement funds ARE TOO D@#$ STUPID to even know that they did this. They did this to themselves but also to the rest of us.

The problem isn't Biden. He has to be reminded where and who he is. He's not in charge of anything including his own bowel movements. The problem is there are too many people that have no clue that they voted for these problems that their party created. If you vote Democrat, you should be forced to wear a sticker saying such at gas stations, grocery stores, car dealerships, and anywhere people are being forced to pay in many cases twice what they did prior to the election.
 
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The problem is that we have too many that voted for candidates that

1) said they would end fossil fuels, shut down oil and gas projects costing billions, continue to cancel oil and gas leases even at nearly $5/gal gas,

2) championed years long covid shutdowns of healthy low-risk adults causing massive supply chain issues while forcing covid-infectious recovering patients into nursing homes,

3) shut down and held school kids hostage until passing over $100 billion in covid relief money to schools who said they could not open without it but have to date not spent 93% of those funds,

4) continued with trillions more in covid spending when it was clear that inflation was becoming a major problem and today still want to give stimulus payments in response to record inflation and cancel student debt for the group with the highest potential earnings futures paid for by the tax dollars of those with the least (non-college educated, retirees, those who paid their student debt back and have fewer years of earnings remaining), both of which will flame even worse inflation,

and these idiots that voted themselves new record gas prices every week, now a contracting GDP, 10s of millions of Americans being driven into poverty with crushing record inflation, a collapsing stock market, and dwindling retirement funds ARE TOO D@#$ STUPID to even know that they did this. They did this to themselves but also to the rest of us.

The problem isn't Biden. He has to be reminded where and who he is. He's not in charge of anything including his own bowel movements. The problem is there are too many people that have no clue that they voted for these problems that their party created. If you vote Democrat, you should be forced to where a sticker saying such at gas stations, grocery stores, car dealerships, and anywhere people are being forced to pay in many cases twice what they did prior to the election.
The problem is our country is operating like Russia. The media are largely propagandists for the left so the folks you're talking about are to some degree ignorant on purpose. The media tells them inflation and gas prices are Putin's fault. The media blames the crime on guns. And the fools you speak.of believe them. They are voting.for their own ruination.
How does Summer Lee, a progressive nut job endorsed by AOC, win the democratic noimination out in Pittsburgh. One, our cities are progressive cesspools, and two - the fools out there are voting for socialism. Lee is for redistribution of wealth, free education, free healthcare, and the green new deal.
We have immigrants coming to this country in droves escaping socialist countries and the idiots on the left are voting for progressive socialists.
You get what you vote for and these idiots are voting to destroy the country.
 
This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling was refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
Yeah that’s right campaigning by declaring war on the fossil fuel industry and then immediately canceling the Pipeline and leases and onerous regulations has nothing to do with the price of gas. Perhaps you could explain to me why the oil industry wasn’t price gouging when Biden took office.
 
The problem is our country is operating like Russia. The media are largely propagandists for the left so the folks you're talking about are to some degree ignorant on purpose. The media tells them inflation and gas prices are Putin's fault. The media blames the crime on guns. And the fools you speak.of believe them. They are voting.for their own ruination.
How does Summer Lee, a progressive nut job endorsed by AOC, win the democratic noimination out in Pittsburgh. One, our cities are progressive cesspools, and two - the fools out there are voting for socialism. Lee is for redistribution of wealth, free education, free healthcare, and the green new deal.
We have immigrants coming to this country in droves escaping socialist countries and the idiots on the left are voting for progressive socialists.
You get what you vote for and these idiots are voting to destroy the country.
I agree with your comments on Summer Lee. How do you feel about Matt Gaetz and Marjorie Taylor Greene? Or Madison Cawthorn or Sarah Palin? The out of touch progressives at least have a platform of ideas for change (though I don't agree with them). Not sure what Matt, Marjorie, Sarah or Madison want.
 
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I agree with your comments on Summer Lee. How do you feel about Matt Gaetz and Marjorie Taylor Greene? Or Madison Cawthorn or Sarah Palin? The out of touch progressives at least have a platform of ideas for change (though I don't agree with them). Not sure what Matt, Marjorie, Sarah or Madison want.
Those people are on the right side of the issues . The progressive policies will destroy this country if implemented.
 
We have Herschel Walker running for the Senate - endorsed by our illustrious past president. Don't confuse Herschel with John Urschel. One is a genuine genius. The other was a guy who played for Georgia and we beat him for the National Championship in 1982. I would rather have Curt Warner run!! We have Republicans banning abortions all over the country. You get raped and you must carry that fetus for nine months - everyday a reminder of what happened to you. Yeah, we are the whackos. You had a past president that would not give arms to Ukraine unless they blew some exaggerated story on Joe Biden's son. Yeah, we are the whackos. And of course, guns don't kill people. As a gun owner, mine won't. But obviously letting any whacko purchase a gun - then guns do kill. I have to pass a test to drive a car - but we don't want background checks and want to give any idiot the right to carry concealed weapons. That way they can shoot up a bar or restaurant when they get a snoot full. I am a conservative, but I refuse to join the legions of immature, low intelligence whackos. The monopolies in the oil industry and the baby formula industry (Abbott) were in place way before Biden came on board. The oil companies just announced the greatest profits in their history. Yet, many can't afford a tank of gas! We are run by WHORES who have one concern --- reelection AT ANY COST!! They will sell their souls to the devil to get reelected. Please, TERM LIMITS!! Make them work again and struggle like the rest of us.
 
I agree with your comments on Summer Lee. How do you feel about Matt Gaetz and Marjorie Taylor Greene? Or Madison Cawthorn or Sarah Palin? The out of touch progressives at least have a platform of ideas for change (though I don't agree with them). Not sure what Matt, Marjorie, Sarah or Madison want.
I don't like the folks you mentioned either. Bad for the country.
 
We have Herschel Walker running for the Senate - endorsed by our illustrious past president. Don't confuse Herschel with John Urschel. One is a genuine genius. The other was a guy who played for Georgia and we beat him for the National Championship in 1982. I would rather have Curt Warner run!! We have Republicans banning abortions all over the country. You get raped and you must carry that fetus for nine months - everyday a reminder of what happened to you. Yeah, we are the whackos. You had a past president that would not give arms to Ukraine unless they blew some exaggerated story on Joe Biden's son. Yeah, we are the whackos. And of course, guns don't kill people. As a gun owner, mine won't. But obviously letting any whacko purchase a gun - then guns do kill. I have to pass a test to drive a car - but we don't want background checks and want to give any idiot the right to carry concealed weapons. That way they can shoot up a bar or restaurant when they get a snoot full. I am a conservative, but I refuse to join the legions of immature, low intelligence whackos. The monopolies in the oil industry and the baby formula industry (Abbott) were in place way before Biden came on board. The oil companies just announced the greatest profits in their history. Yet, many can't afford a tank of gas! We are run by WHORES who have one concern --- reelection AT ANY COST!! They will sell their souls to the devil to get reelected. Please, TERM LIMITS!! Make them work again and struggle like the rest of us.
Joe is an absolute train wreck by any measure. He’s the one in charge (well maybe) and has been for months. and things have fallen off a cliff. If he was a CEO or football coach he would have long since been fired. At least be intellectually honest about it.
 
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When Biden and the Democrats took over I thought they would do a lousy job. I was so, so, wrong.
Wow. Who knew they would be a
RECORD SETTING ADMINISTRATION!!!
- The Dow dropped for the eighth straight week!! That hasn't happened since 1930! Fantastic.
Talk about records.
- We have record setting murders!!
- Record setting crime!!
- Record setting illegal immigration!!
- Record setting fentanyl deaths!!
- Record setting Covid deaths!!
- Record setting empty shelves, even with baby food!!! Amazing.
- Record setting inflation!!
And who can forget:
- Record setting gas prices!! Wow that record gets broken just about every day!!
They say records are meant to be broken.
There is no denying it. This is a record setting administration. I know we all want more of the same and probably so much more, so get out and vote Democrat in November!!
I know the Democrats are if nothing else, humble. Therefore, feel free to help them by shouting this amazing record of achievement from the mountain tops. What an exciting time to be alive...
 
When Biden and the Democrats took over I thought they would do a lousy job. I was so, so, wrong.
Wow. Who knew they would be a
RECORD SETTING ADMINISTRATION!!!
- The Dow dropped for the eighth straight week!! That hasn't happened since 1930! Fantastic.
Talk about records.
- We have record setting murders!!
- Record setting crime!!
- Record setting illegal immigration!!
- Record setting fentanyl deaths!!
- Record setting Covid deaths!!
- Record setting empty shelves, even with baby food!!! Amazing.
- Record setting inflation!!
And who can forget:
- Record setting gas prices!! Wow that record gets broken just about every day!!
They say records are meant to be broken.
There is no denying it. This is a record setting administration. I know we all want more of the same and probably so much more, so get out and vote Democrat in November!!
I know the Democrats are if nothing else, humble. Therefore, feel free to help them by shouting this amazing record of achievement from the mountain tops. What an exciting time to be alive...
None of which really have to do with Joe. By the way we have record setting low unemployment. We also have record setting high wages. If you were enlightened you would realize that almost all these issues are carry overs from previous administrations. We also have a record setting high debt due to previous policies under the fraud. You should also know that the President has very little to do with the stock market. Most of the covid deaths were a result of not getting on the prevention quick enough. You know -- the no mask, no vaccine whackos
 
We have Herschel Walker running for the Senate - endorsed by our illustrious past president. Don't confuse Herschel with John Urschel. One is a genuine genius. The other was a guy who played for Georgia and we beat him for the National Championship in 1982. I would rather have Curt Warner run!! We have Republicans banning abortions all over the country. You get raped and you must carry that fetus for nine months - everyday a reminder of what happened to you. Yeah, we are the whackos. You had a past president that would not give arms to Ukraine unless they blew some exaggerated story on Joe Biden's son. Yeah, we are the whackos. And of course, guns don't kill people. As a gun owner, mine won't. But obviously letting any whacko purchase a gun - then guns do kill. I have to pass a test to drive a car - but we don't want background checks and want to give any idiot the right to carry concealed weapons. That way they can shoot up a bar or restaurant when they get a snoot full. I am a conservative, but I refuse to join the legions of immature, low intelligence whackos. The monopolies in the oil industry and the baby formula industry (Abbott) were in place way before Biden came on board. The oil companies just announced the greatest profits in their history. Yet, many can't afford a tank of gas! We are run by WHORES who have one concern --- reelection AT ANY COST!! They will sell their souls to the devil to get reelected. Please, TERM LIMITS!! Make them work again and struggle like the rest of us.
Ok, don't blame Joe for the gas prices, or inflation, or out of control borders, or a depression type stock market, or crime in our cities that is completely out of control. Chicago averages about 75 shootings every weekend, one Memorial Day weekend they had "139 Shootings." Yet, Ole Joe wants to talk about "White Supremacy" as our biggest problem in America.

The guy is completely controlled by the out of touch Libs. As for the "VP" - she is totally out to lunch and can not accomplish anything for this country! The woman is a Giggling Idiot!!!
 
None of which really have to do with Joe. By the way we have record setting low unemployment. We also have record setting high wages. If you were enlightened you would realize that almost all these issues are carry overs from previous administrations. We also have a record setting high debt due to previous policies under the fraud. You should also know that the President has very little to do with the stock market. Most of the covid deaths were a result of not getting on the prevention quick enough. You know -- the no mask, no vaccine whackos
This is why the democratic party is lost. You say almost none of this is Joe's fault. You can't be a serious person. You're either brainwashed or a progressive mental case that cares more about ideology than country. Trump is an ahole but the country had an unbelievable economy. Get off MSNBC and do some soul searching. The progressive wing of the Dems are socialist crackpots. If you want to be Venezuela keep voting for them.
 
This is why the democratic party is lost. You say almost none of this is Joe's fault. You can't be a serious person. You're either brainwashed or a progressive mental case that cares more about ideology than country. Trump is an ahole but the country had an unbelievable economy. Get off MSNBC and do some soul searching. The progressive wing of the Dems are socialist crackpots. If you want to be Venezuela keep voting for them.
Yeah, he lowered taxes on the wealthy and spent like crazy. Simply, the Republicans tell you they are going to eat like parakeets (taxes), then they try to shit like elephants!!!! Huge deficits. Huge national debt under Trump. Please check the. record books - don't take my word. The economy had been flying way before Trump got into office. Dow went from around 11000 under Bush to almost 20000 under Obama. The discrepancy in wealth was massive under Trump. And, Trump was Putin's bitch and you know that is true. Trump also wanted to pull out of NATO.
 
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Yeah, he lowered taxes on the wealthy and spent like crazy. Simply, the Republicans tell you they are going to eat like parakeets (taxes), then they try to shit like elephants!!!! Huge deficits. Huge national debt under Trump. Please check the. record books - don't take my word. The economy had been flying way before Trump got into office. Dow went from around 11000 under Bush to almost 20000 under Obama. The discrepancy in wealth was massive under Trump. And, Trump was Putin's bitch and you know that is true. Trump also wanted to pull out of NATO.
Spare us the democratic is for the little guy crap. The average household.uncome.is greater among Dems than Republicans. Your party is run.by.white liberal elites that are brainwashing our kids that socialism is the answer to not working.hard and being an entitled malcontent.
The progressives are telling you they are socialists. You can't ever say you weren't warned.
Socialism has never worked anywhere but that's what the progressive party is doing to America and we see the results.
 
This too shall pass. Both political parties have been inept, but at least the Dems are trying. I am very worried about price gouging, particularly by the oil industry. It is interesting that the price of gas is skyrocketing, yet the gas they are selling was refined months ago when oil was half the price per barrel. They are reporting the largest profits in their history. Dems passed legislation to stop the gouging, but will never get the votes in the senate where the oil companies have paid off our illustrious senators. A world of WHORES. They could care less about us, only their reelection and power. TERM LIMITS PLEASE!!!!!
One of the dumbest, posts ever,
 
We have Herschel Walker running for the Senate - endorsed by our illustrious past president. Don't confuse Herschel with John Urschel. One is a genuine genius. The other was a guy who played for Georgia and we beat him for the National Championship in 1982. I would rather have Curt Warner run!! We have Republicans banning abortions all over the country. You get raped and you must carry that fetus for nine months - everyday a reminder of what happened to you. Yeah, we are the whackos. You had a past president that would not give arms to Ukraine unless they blew some exaggerated story on Joe Biden's son. Yeah, we are the whackos. And of course, guns don't kill people. As a gun owner, mine won't. But obviously letting any whacko purchase a gun - then guns do kill. I have to pass a test to drive a car - but we don't want background checks and want to give any idiot the right to carry concealed weapons. That way they can shoot up a bar or restaurant when they get a snoot full. I am a conservative, but I refuse to join the legions of immature, low intelligence whackos. The monopolies in the oil industry and the baby formula industry (Abbott) were in place way before Biden came on board. The oil companies just announced the greatest profits in their history. Yet, many can't afford a tank of gas! We are run by WHORES who have one concern --- reelection AT ANY COST!! They will sell their souls to the devil to get reelected. Please, TERM LIMITS!! Make them work again and struggle like the rest of us.
We do have background checks and have had them for at least 30 years.
 
We do have background checks and have had them for at least 30 years.
Yup and lib new York has very strong gun laws as does lib California, Oregon, and Washington DC,.
Just wondering do any of you good folks live in big cities?
 
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None of which really have to do with Joe. By the way we have record setting low unemployment. We also have record setting high wages. If you were enlightened you would realize that almost all these issues are carry overs from previous administrations. We also have a record setting high debt due to previous policies under the fraud. You should also know that the President has very little to do with the stock market. Most of the covid deaths were a result of not getting on the prevention quick enough. You know -- the no mask, no vaccine whackos
Wow, this is sadly one of the funniest things I've read in quite a long time. I'll just reply to one of these things as all of them are from out of LEFT field. No connection to reality. There are over a million FEWER people working today than were working right before the pandemic started. You really need to understand things. You might want to start with something simple like how the unemployment rate is calculated.
 
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back to the original topic of the stock market. my opinion is that we are in for a big recession and are in one now, just the numbers have to come in. USA cannot survive with $5 gas. The cost of everything will bring this economy to a halt as the transportation costs will be so high. And the supply chain in many sectors is getting worse and not better. we are going to see some legit scarcity of goods in Q4 and in 2023 and I fear it could be scary. take the baby formula shortage but put it over a wide variety of goods and that is what the end of this year and next year is looking like. So only way to get out of lack of supply is to reduce the demand (recession) or make more supply which cannot be done as the supply chain issues won't allow increased production in most sectors.
 
Yeah, he lowered taxes on the wealthy and spent like crazy. Simply, the Republicans tell you they are going to eat like parakeets (taxes), then they try to shit like elephants!!!! Huge deficits. Huge national debt under Trump. Please check the. record books - don't take my word. The economy had been flying way before Trump got into office. Dow went from around 11000 under Bush to almost 20000 under Obama. The discrepancy in wealth was massive under Trump. And, Trump was Putin's bitch and you know that is true. Trump also wanted to pull out of NATO.
You’re aware “Trump-Russia collusion” was a giant disinformation campaign? 4 years of lies, headlines, MSNBC and CNN endless circle jerks, based on a lie cooked up by the Clinton campaign and lapped up by the water carrying media wing of the DNC. Clinton’s campaign manager just testified the Hilary herself signed off on this just last week. It’s one of the great scandals of our time, but our media has zero journalistic integrity.
 
Yeah, he lowered taxes on the wealthy and spent like crazy. Simply, the Republicans tell you they are going to eat like parakeets (taxes), then they try to shit like elephants!!!! Huge deficits. Huge national debt under Trump. Please check the. record books - don't take my word. The economy had been flying way before Trump got into office. Dow went from around 11000 under Bush to almost 20000 under Obama. The discrepancy in wealth was massive under Trump. And, Trump was Putin's bitch and you know that is true. Trump also wanted to pull out of NATO.
I just checked the record books.....


Prior to Covid…..the Census Bureau’s report on “Income and Poverty in the United States” for 2019 ……

Real median household income grew to $68,703 in 2019, an impressive 6.8% increase over 2018. ……the largest one-year increase in median income on record going back to 1967.

It was also 45 percent more growth in a single year ($4,379) ……for reference Obama/Biden produced in their entire 8 years in office ($3,021).

Trump’s first three years, the economic benefits were widespread. While the overall growth rate was 6.8%, real median income grew by an even greater 7.9% for Black Americans, 7.1% for Hispanic Americans, and 10.6% for Asian Americans. All record highs as were the new income levels for each of these groups.

Trump tax cuts benefitted only the rich, well, they were false. As incomes grew in 2019, the poverty rate plummeted 1.3 percentage points to a 60 year low of 10.5%. This was the largest reduction in poverty in over 50 years. It lifted over 4.1 million people out of poverty, the largest yearly decrease since 1966. Just for comparison purposes, over the Obama/Biden era, the number of people living in poverty increased by 787,000

Minority groups again experienced the largest improvements. While the overall poverty rate declined 1.3 percentage points, Black poverty fell by 2.0 percentage points, Hispanic poverty fell by 1.8, and Asian poverty fell by 2.8.


According to the White House Council of Economic Advisers (CEA) “the poverty rate fell to an all-time record low for every race and ethnic group in 2019.”

Child poverty
decreased to 14.4 percent, the lowest child poverty rate observed since 1973 ……. down 18 percent at the end of the Obama/Biden era.

Over the Trump administration’s first three years, between 2016 and 2019, real median household income increased 9.2% while the economy lifted 6.6 million people out of poverty. That’s the largest 3-year poverty reduction for the start of any presidency since the initial drop in 1964 when the War on Poverty began.

Since 2016, the economy has lifted 1.2 million black Americans out of poverty, the largest reduction on record for the first 3 years of any presidency.


Trump’s economic policies benefit only the rich, it must have increased. Well, it didn’t.

income inequality declined for the second consecutive year as the share of income held by the bottom 20 percent of earners increased by 2.4 percent.

The Census Bureau’s Income and Poverty report for 2019 has set a new standard by which to measure economic success once the pandemic ends.

These are things he said he would do and he did them. It is fine that you don’t like them. He accomplished a lot of things they were things that YOU did not deem important and that is ok.


He promised and delivered tax cuts

He promised and delivered on getting us out of the Paris Accord

He promised to reduce unnecessary and expensive regulations by repealing 2 benefits for every 1 created.

He promised to eliminate business restrictions and grow the economic. He did historically.

He has eliminated 8 benefits for every 1 created.

He promised and delivered to name conservative, constitution supporting judges to the Supreme Court and he delivered including over 200 judges and 3 supreme court judges.

He promised to bomb Isis into obliteration and he did.

He promised to reduce the number of troops in the ME and he did.

He promised to get tough with China on trade and he did

He promised to renegotiate NAFTA and he did

He promised to cancel Obama’s one sided deal with Cuba and he did

He promised to take no salary for the job and he didn’t.

He promised no cuts to social security and there wasnt.

He promised to end the defense sequester and rebuild the military and he did.

He promised to increase veterans healthcare and he did.

He promised to put a lifetime ban on White House officials lobbying for foreign governments and he hdid.

He promised to require the use of American made steel for US infrastructure projects and he did.

He promised to create a rule change that would stop the Federal Government from paying Planned Parenthood for abortions and he did.

He promised to ensure funding for historic black colleges and he did. He promised to make NATO countries pay for more for their own defense and he did.

He promised to limit legal immigration and he did.

The Tax Cuts and Jobs Act signed into law by Trump doubled the maximum amount of the child tax credit available to parents and lifted the income limits so more people could claim it. * It also created a new tax credit for other dependents.

* In 2018, President Trump signed into law a $2.4 billion funding increase for the Child Care and Development Fund, providing a total of $8.1 billion to States to fund child care for low-income families.

* The Child and Dependent Care Tax Credit (CDCTC) signed into law by Trump provides a tax credit equal to 20-35% of child care expenses, $3,000 per child & $6,000 per family + Flexible Spending Accounts (FSAs) allow you to set aside up to $5,000 in pre-tax $ to use for child care.

He promised no foreign wars or unnecessary altercations. DID it

He brokered 4 Middle East peace alliances receiving 4 Nobel Peace prize nominations. He did not promise this…. People minimize this but no other president has been able to do this or come close to this. If it was so easy certainly other presidents could have accomplished it/

He killed Solemani and Bagdadhi who were highest ranking persons on worlds terrorist list.

He mean tweet which hurt a lot of very soft weak individual.. HE DID..
 
None of which really have to do with Joe. By the way we have record setting low unemployment. We also have record setting high wages. If you were enlightened you would realize that almost all these issues are carry overs from previous administrations. We also have a record setting high debt due to previous policies under the fraud. You should also know that the President has very little to do with the stock market. Most of the covid deaths were a result of not getting on the prevention quick enough. You know -- the no mask, no vaccine whackos
Addressed above but there are still millions fewer with jobs today than prior to the democrat governor extended covid shutdowns. Tens of millions left the work force and never returned.

Wage growth handed to democrats prior to inauguration was over 5% and inflation was under 2%. Now wage growth is under 5% and they are trying to convince us that inflation is under 10% when everything we buy is at least 15% or higher than last year. That's a big loss against inflation for workers and even bigger for those on fixed incomes.

Debt was driven to historic levels because democrat governors shut work by healthy low-risk people down for extended periods. States with more responsible leadership (republican) did about the same with covid and didn't destroy their economies, businesses, livelihoods, and create massive debt and some of the worst supply chain issues in our history including during world wars.

You conveniently claim that the president has little to do with the market but democrat policies absolutely have driven gas prices to record levels, created massive supply chain issues and ongoing Venezuelan style shortages, and fueled record inflation. All of those have very rapidly deteriorated the markets and even our latest GDP number is now negative.

Everything that you said was wrong and your democrat vote has hurt all Americans and driven tens of millions of Americans into poverty. Don't you care about the families that can no longer afford to feed their children? Don't you care about the retirees that you are forcing to go work low paying jobs in their 70s? Don't you care about weakening our country and milions of mothers that can't even find formula to feed their babies? Instead you openly deny to protect your fragile ego.

I have a challenge for you. If you actually believe what you posted, which is very hard to believe, then go to gas stations and grocery store checkouts wearing something advertising that you voted democrat and your policies are working.
 
back to the original topic of the stock market. my opinion is that we are in for a big recession and are in one now, just the numbers have to come in. USA cannot survive with $5 gas. The cost of everything will bring this economy to a halt as the transportation costs will be so high. And the supply chain in many sectors is getting worse and not better. we are going to see some legit scarcity of goods in Q4 and in 2023 and I fear it could be scary. take the baby formula shortage but put it over a wide variety of goods and that is what the end of this year and next year is looking like. So only way to get out of lack of supply is to reduce the demand (recession) or make more supply which cannot be done as the supply chain issues won't allow increased production in most sectors.
They should federalize the California ports which handles 40% of our goods. Then we could have those ports going 24/7 instead of clocking out after eight hours.
Forget looking to the Dems for solutions. They only know how to call people racists.
 
To the OP’s topic, pre-pandemic levels is likely where we are headed according to a fund mgr friend. S+P 3300-3400. Obviously it could get worse than that, but that’s the level I plan to go all in. Will be DCA’ing before that
 
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Addressed above but there are still millions fewer with jobs today than prior to the democrat governor extended covid shutdowns. Tens of millions left the work force and never returned.

Wage growth handed to democrats prior to inauguration was over 5% and inflation was under 2%. Now wage growth is under 5% and they are trying to convince us that inflation is under 10% when everything we buy is at least 15% or higher than last year. That's a big loss against inflation for workers and even bigger for those on fixed incomes.

Debt was driven to historic levels because democrat governors shut work by healthy low-risk people down for extended periods. States with more responsible leadership (republican) did about the same with covid and didn't destroy their economies, businesses, livelihoods, and create massive debt and some of the worst supply chain issues in our history including during world wars.

You conveniently claim that the president has little to do with the market but democrat policies absolutely have driven gas prices to record levels, created massive supply chain issues and ongoing Venezuelan style shortages, and fueled record inflation. All of those have very rapidly deteriorated the markets and even our latest GDP number is now negative.

Everything that you said was wrong and your democrat vote has hurt all Americans and driven tens of millions of Americans into poverty. Don't you care about the families that can no longer afford to feed their children? Don't you care about the retirees that you are forcing to go work low paying jobs in their 70s? Don't you care about weakening our country and milions of mothers that can't even find formula to feed their babies? Instead you openly deny to protect your fragile ego.

I have a challenge for you. If you actually believe what you posted, which is very hard to believe, then go to gas stations and grocery store checkouts wearing something advertising that you voted democrat and your policies are working.
I think it is ridiculous to think that one year plus of Biden administration has resulted in all the chaos that has been described. Listening to some very conservative commentators who have said that what we are experiencing today was set into place for the past ten years or more. This did not "just happen." That is absurd. I have acquaintances who are very wealthy and they never had it financially as good as under Trump. I have friends and patients who live from paycheck to paycheck. So I guess it is in the eyes of the beholder. By the way, no comment on the abortion issue?
 
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