Trump concedes and the Dow reaches an all time high.

[Dingobaby]

Coincidence?

I think not.

 

[KeithD]

The fun thing is that Trump makes a flash appearance to take credit for the Dow rating without realizing that the Dow is responding, with relief, to Biden's win and cabinet picks.

 

[RobDownSouth]

The fun thing is that Trump makes a flash appearance to take credit for the Dow rating without realizing that the Dow is responding, with relief, to Biden's win and cabinet picks.

He can't help himself, he has a fundamental need to take credit for anything good that happens.

 

[coati]

He can't help himself, he has a fundamental need to take credit for anything good that happens.

But we all know that Biden should take credit for both the stock market boost and the recent vaccine developments, because they all happened since he won the election several weeks ago.

Yup, things are getting better already!

 

[RobDownSouth]

This was just last month:
Donald Trump displays his Vetteman-as-Nostradumbass prognostication skillz!

 

[Soshameless11]

https://www.rawstory.com/2020/11/co...lected/?utm_source=dlvr.it&utm_medium=twitter

 

[jaF0]

This is what ya' call spin y'all.

Four years ago when the market rallied, some called it a reaction to DonnyT being anointed, others said it was a continuation of BO's policies and still others said it wasn't related to either.

So, is a rally now a reaction to JoMala being anointed, a continuation of DonnyT's policies, or not related to either?

 

[Soshameless11]

This is what ya' call spin y'all.

Four years ago when the market rallied, some called it a reaction to DonnyT being anointed, others said it was a continuation of BO's policies and still others said it wasn't related to either.

So, is a rally now a reaction to JoMala being anointed, a continuation of DonnyT's policies, or not related to either?

In reality, a lot (maybe most) is vaccine news. But the market does like stability, and anything that points toward a more stable transition - and a more stable administration - would drive gains.

 

[KeithD]

In reality, a lot (maybe most) is vaccine news. But the market does like stability, and anything that points toward a more stable transition - and a more stable administration - would drive gains.

It doesn't take a genius to know that it isn't a favorable reaction to Trump currently on any level.

 

[Soshameless11]

It doesn't take a genius to know that it isn't a favorable reaction to Trump currently on any level.

If I implied that, I apologize - everybody except his death cult is glad to see Cheeto Mussolini go.

 

[jaF0]

So, what was the rally in '16 and '17 all about?


You can't have it all ways. It's either the new President, the current President, the past President or none of the above.

 

[Dribble]

In reality, a lot (maybe most) is vaccine news. But the market does like stability, and anything that points toward a more stable transition - and a more stable administration - would drive gains.

This. Add in how Biden is handling the transitional process...a textbook example of stability...translates to stability in the market. If Trump decides to bomb Iran...watch the bottom fall out

 

[KeithD]

Biden might get away with bombing the White House today, though.

 

[vastiesmith100]

bet you're an investment banker you're soooooo

smart!! heheheheheheheheheh IT's the cure to the virus you fool!

 

[Wrong Element]

There were definitely people here who posted confidently that the market would tank if Biden was elected. Of course, most of them have gone to find a new safe space these last three weeks.

 

[LLCox]

The fun thing is that Trump makes a flash appearance to take credit for the Dow rating without realizing that the Dow is responding, with relief, to Biden's win and cabinet picks.

That's his shtick. Whenever you see him standing behind a big check being given to a charity it is a guarantee that there is NONE of his money in it.

 

[KeithD]

That's his shtick. Whenever you see him standing behind a big check being given to a charity it is a guarantee that there is NONE of his money in it.

I think it's more the case that the money going to his charity would wind up in his pocket. That's why his charity was shut down.

 

[SevMax2]

Now to help people in the real economy...oh,wait, that’s not allowed. The bulk of Americans will just have to suffer a second Great Depression while Wall Street celebrates its dividends.

 

[YDB95]

Now to help people in the real economy...oh,wait, that’s not allowed. The bulk of Americans will just have to suffer a second Great Depression while Wall Street celebrates its dividends.

While I don't exactly disagree with the point you're making here, I can't resist pointing out an awful lot of the people who are suffering under "the real economy" always vote for the party that always pushes for tax cuts for the very rich - and a lot of them have even been duped into believing it's good for the country if they do.

 

[SevMax2]

While I don't exactly disagree with the point you're making here, I can't resist pointing out an awful lot of the people who are suffering under "the real economy" always vote for the party that always pushes for tax cuts for the very rich - and a lot of them have even been duped into believing it's good for the country if they do.

Sadly that’s too true, if far from universal. I refer you to my comments about small business and the myth of Democratic hostility.

My evangelical conservative parents frequently argue that tax cuts for upper middle class/lower upper class people are often beneficial to small to medium firms that aren’t incorporated and reinvest personal income in said businesses.

As many issues as I have with the Democratic Party as an independent leftist, I have no patience for propaganda causing people to vote for a party that has even less empathy for the middle and working class.

 

[RobDownSouth]

So, what was the rally in '16 and '17 all about?


You can't have it all ways. It's either the new President, the current President, the past President or none of the above.

I don't recall any "rally"....Overall, the stock market has been in a continual expansion since the Bush recession in 2008. Minor dips and swings along the way, but trended upward until the disasterous "Trump Drop" in Feb-March 2020.

 

[Adre]

Trump’s Thanksgiving message: DOW at 30,000, a “sacred number.”

Not a word about the other number: 260,807.

And he wonders why he lost. What a fucking clown.