The S&P 500 is up 5 months straight

[L88]

It's fake virtue signaling. The disadvantaged are only in your thoughts insofar as to use their plight for opening libs.

That's a weighted index .

Regardless of what you think, Biden as well as Trump has allowed a ludicrous amount of unearned money to be pumped in to our economy.
Equities and those who own them are doing well.
Those living paycheck to paycheck, not so much and are paying the cost of the unearned money.

 

[StarvedForChange]

View attachment 67501377

The S&P 500 is up 5 months straight — and history favors momentum​

I'm happy!

 

[Kushinator]

So you just got pegged about the S&P bring a record high, then you self owned by talking about inflation (which you didn't even bother to attempt). Now the coward routine.

Why even bother? You're terrible at owning the libs.

 

[Kushinator]

Regardless of what you think, Biden as well as Trump has allowed a ludicrous amount of unearned money to be pumped in to our economy.

What does this mean?

Equities and those who own them are doing well.
Those living paycheck to paycheck, not so much and are paying the cost of the unearned money.

There's no such thing as the cost of unearned money. You made that up.

 

[Airyaman]

I just don't get it. Things just don't want to work in Republicans' favor. They can't seem to find anything illegal with Joe, that's ****ed. The economy refuses to do poorly for them. I guess they can continue to find crimes by illegals to create some fear in the base, that could get some votes.

Best news is that Trump won't be convicted of any serious crimes before the election. Well, at least not really serious crimes, those crimes he committed according to Bragg aren't all that serious, because, um, we already know about what he did (paid off porn stars).

 

[L88]

What does this mean?

There's no such thing as the cost of unearned money. You made that up.

Yeah, you're not going to understand.

 

[Kushinator]

Yeah, you're not going to understand.

Try me.

Monetarism is dead.

 

[ElChupacabra]

Some things to remember.

Well, he got the "crashed" part right, but was wrong in which direction.


Then again, straight from Donnie's mouth:

 

[reflechissez]

The average portfolio has less purchasing power than it did at the pre-pandemic peak. Hopefully we'll start actually making some real money soon. It's been years.

What does that even mean? Show your work.

 

[L88]

Try me.

Monetarism is dead.

2020-21 surge in M2 came from out-of-control COVID deficit spending (coming from Congress and two administrations), which was monetized by the Fed, so the responsibility is roughly 50/50 between the fiscal and monetary authorities in the U.S. The recent 2022-23 shrinkage is mostly due to higher interest rates and deficit spending that is less than in its out-of-control COVID times.

1-17-24: U.S. M2 Money Supply is Still Shrinking

by Ivan Martchev January 17, 2024 The unprecedented shrinkage in M2 money supply continues, and with it we have seen generally falling inflation numbers. The M2 shrinkage process began in December 2022 and, as of this writing, it is still ongoing. The latest reported numbers are for November...

navellier.com

 

[reflechissez]

Now adjust for inflation.

View attachment 67501563

Why? Where do you think the "inflation" goes? It's in the earnings, the dividends and the stock price.

 

[Visbek]

The average portfolio has less purchasing power than it did at the pre-pandemic peak.

No. It doesn't.

I posted a chart of inflation-adjusted S&P 500 earlier today in this thread. The market today is way above its level right before the pandemic.

Better yet: You posted the SAME CHART, which disproves your own claim. It was below $4,000 at its high point right before the pandemic, and today it's around $5,200.

Are you familiar with the term "self-own?"

 

[highroller]

Regardless of what you think, Biden as well as Trump has allowed a ludicrous amount of unearned money to be pumped in to our economy.
Equities and those who own them are doing well.
Those living paycheck to paycheck, not so much and are paying the cost of the unearned money.

So… Reaganomics…

 

[Common Sense 1]

40 year high inflation was a big downer for many families. Hopefully they were able to have some money in stocks/401k.

 

[Airyaman]

40 year high inflation was a big downer for many families. Hopefully they were able to have some money in stocks/401k.

Aren't you glad you live in the US where inflation is lowest among the G7 countries?

Fact check: President Joe Biden says U.S. inflation 'the lowest among the world's leading economies'

High inflation rates have bedeviled Biden during much of his presidency. But in recent remarks, Biden expressed optimism that the U.S. has turned a corner.

www.houstonchronicle.com

 

[dseag2]

Even when adjusting for inflation, that is not correct. It is well above 1/2020's value, and has almost fully recovered from the drop in 2022.

View attachment 67501453

Thank you for providing actual stats rather than just talking out of your ass as so many do.

 

[dseag2]

The average portfolio has less purchasing power than it did at the pre-pandemic peak. Hopefully we'll start actually making some real money soon. It's been years.

Do you have any facts to support that claim? I know from personal experience. My position was eliminated due to Covid in June 2020. I chose not to get back into Corporate America and retire early. I've taken 4% from my portfolio for almost 4 years and I have almost as much money in it as the day I retired. I don't have any less purchasing power.

So who are you referring to? Where is the link?

 

[dseag2]

Has it surpassed any sacred numbers recently ?

Why ask the question when it takes 2 minutes to do a little research.

S&P 500 reached a high of 5088 on Feb. 22, 2024. The Dow Jones Industrial Average reached a high of 39,131.53 on Feb. 22, 2024.

US stock market hits record high after three-day lull

S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains.

www.aljazeera.com

 

[jaeger19]

Regardless of what you think, Biden as well as Trump has allowed a ludicrous amount of unearned money to be pumped in to our economy.
Equities and those who own them are doing well.
Those living paycheck to paycheck, not so much and are paying the cost of the unearned money.

Do you think they would be doing better if the economy had gone into a recession or depression and those living paycheck to paycheck lost their jobs.?

 

[NuffSaid]

The average portfolio has less purchasing power than it did at the pre-pandemic peak. Hopefully we'll start actually making some real money soon. It's been years.

Less purchasing power?
Real money? All of it is fake?

 

[acco40]

Regardless of what you think, Biden as well as Trump has allowed a ludicrous amount of unearned money to be pumped in to our economy.
Equities and those who own them are doing well.
Those living paycheck to paycheck, not so much and are paying the cost of the unearned money.

Unearned income?

Allowed unearned money to be pumped into our economy?

Do I detect some jealously?

If one works full time and invests 15% of his earnings into the equity markets, are their subsequent gains and/or losses unearned?

Investors are the fuel for our economic engine.

 

[acco40]

Why ask the question when it takes 2 minutes to do a little research.

S&P 500 reached a high of 5088 on Feb. 22, 2024. The Dow Jones Industrial Average reached a high of 39,131.53 on Feb. 22, 2024.

US stock market hits record high after three-day lull

S&P 500 rises 0.9 percent as major players including Apple and Tesla see gains.

www.aljazeera.com

The S&P 500 sits above 5254 as I write this. The DJIA is above 39,807.

 

[Kushinator]

Do you have any facts to support that claim? I know from personal experience. My position was eliminated due to Covid in June 2020. I chose not to get back into Corporate America and retire early. I've taken 4% from my portfolio for almost 4 years and I have almost as much money in it as the day I retired. I don't have any less purchasing power.

So who are you referring to? Where is the link?

@Taylor will not be back in this thread. He's only here to lie and troll.

 

[Kushinator]

2020-21 surge in M2

The decline in M2 didn't lead to deflation or a reduction of unearned money (whatever the **** that means).

You lose.

 

[American]

Those who hate the rich, suddenly love the rich.