450
For the past 8 years, all I've wanted was for Trump to shut the fuck up. And I must not be alone because he finally has and it's made the news.
The wealthiest 10% of Americans own 90% of the stock market.
There’s a supermajority of Americans who give zero fucks about the stock market
Actually, I know very few people who do not have stocks through IRAs or 401Ks.
But probably nobody who has enough to quit their job right now, much less live it up.
Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there's a sustained loss or they don't have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It's only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
Yeah, but the amount of stocks owned by them is miniscule compared to the richest 10% of the United States.
IMHO, the jobs report and recession indicators are the bigger problem. That would have a real impact on working people.
Eh, when the stock market does well everything stays the same, when it does badly you lose your job all of a sudden. People care about the stock market in that sense. (In addition to retirement funds and the like, sure you take the long term view on those, but the closer you get to retirement the less you want to see any kind of correction).
I wish more people realized this.
It does affect us help your community
“This moment could set off a real economic calamity around the globe. It requires steady leadership — the kind President Trump delivered for four years.”
Yeah, that's what that was. Not utter chaos. No, you're misremembering.
Did he short anything when predicting the "crash"? No? Then he's full of shit, as usual.
Japan had a bad enough day that it rocked every market on the globe. But it rebounded almost instantly, and everything stabilized.
The Trump logic: When markets go up, it's in anticipation of his second term. When they go down, it's the Kamala/Biden/Democrat crash.
This guy is out there.
Kamala-hee, kamala-whoo, kamala-ho, kamala-haha!
(To the tune of Dragostea Din Tei)
Gotta love the positivity Kamala is bringing in, it's hard to remain pessimist.
(To the tune of Dragostea Din Tei)
Is that Numa Numa?
Yes
Then he should have just called it the right thing. Gosh!
So ... Dragostea Din Tei?
I was joking. Gosh!
Go feed Tina her dinner already!
This is a horse-shit article. Unemployment is in the economic sweet spot, between 3% - 5%. There is no sign of recession, except in DonOLD's demented wishful thinking. Japan's market took a tumble and repercussions influenced the market for a couple of days.
wow. can you believe the speed and adeptness she fixed that. man I remember the crash in trumps term went on for much longer.
This flaccid asshole looks more like his mother every time I have the misfortune to see his photo.
CNBC - News Source Context (Click to view Full Report)
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https://www.cnbc.com/2024/08/06/trump-republicans-harris-stock-market-wall-street-election.html
It's worth pointing out when Trump is hypocritical, but remember that his supporters don't care. He doesn't care. We should care, but we should never expect them to.
this post was submitted on 07 Aug 2024
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