Miscellaneous And Off Topic Subjects

[CGVT]

When Trump was president it seemed like we got daily updates from Trumpers in here about the stock market. Those fellas seemed to have lost interest lately.

So cute.

[iam416]

The stock market is doing OK. NASDAQ is more or less flat on the year. The Dow is up about 6 and a half percent. The NASDAQ seems ridiculously overpriced right now. I sold off a shit ton from it a couple of months ago.

I didn’t even realize NASDAQ was down under Biden. Weird. Fortunately DJIA is rolling. 6% for a few months is great. Need my 529s to hold up!

[AlabamAlum]

Nick Cage = Ned Beatty. Well, Nick doesn’t have heart failure or diabetes.

[iam416]

Burn in hell

[Dr. Strangelove]

Tech stocks were the safe harbor during the pandemic and inflated a bunch of them. Would be healthy to see the Dow do better for a while.

[iam416]

I was surprised the markets rebounded so quickly after COVID. It’s important they keep plugging along. We are in the midst of baby boomer pensions coming due and could use every last cent.

[froot loops]

The CARES act impact was phoenomenal, had Congress done the bare minimum like they did back in 2008-2009 the stock market would not have been so fortunate. Trump stumbled into a good pick at the Fed has helped immensely as well. Powell > Bernake

[Hannibal]

The stock market runup is going to be severely tested over the next 20 years as the baby boomers start cashing out. And then even moreso when Gen X gets to retirement age. We are the 401K generation. The cushy jobs that supply the fat 401K plans and pensions are fading away and I don't see those being available for future generations the way that they were available for us.

[Hannibal]

The CARES act impact was phoenomenal, had Congress done the bare minimum like they did back in 2008-2009 the stock market would not have been so fortunate. Trump stumbled into a good pick at the Fed has helped immensely as well. Powell > Bernake

The government printed a bunch of money that ended up inflating the stock market. If you, like me, are super heavily invested in the stock market, then this has been a huge boon for you. If not, you're getting royally fucked.

I ain't complaining. The government has redistributed more then enough wealth away from me over my lifetime, but last year's stock market runup is one of the greatest wealth transfers of all time. But thank God it went into the financial markets somehow instead of food and gasoline. Hyperinflation of asset values is good for asset owners like me. For now, at least.

Well, actually, it has been affecting prices too. Have you looked at gas prices or your grocery bill lately?

[Hannibal]

Meanwhile, the national debit is up to $28 trillion and still climbing exponentially. Joe Biden is proposing some massive tax increases to help shore up the deficit. Can't say I disagree at this point. I'd rather taxes be transparent than to have stealth taxes via printing money.

[Jeff Buchanan]

Pffft ..... MMT

[Da Geezer]

There was a simile in one WSJ comment section that received a tremendous number of likes from both parties this morning:

Watching the press ask Biden questions is like watching a group of adults try to help a small child win a game of Monopoly and still failing.

[froot loops]

This weird fixation on gas prices cracks me up. The gas prices were unusually low because of a giant demand shock due to a pandemic. The same guy demanding open, open, open then complains when the gas prices return to pre-pandemic levels when things are pretty much open.

[CGVT]

I watched the press conference. It sure is nice to have adults in charge again.

[Dr. Strangelove]

Historic rates of inflation can be found here. There's no number for March yet but Feb was 1.7%. That's lower than all of 2018 and all but 2 months of 2017. The tax cuts possibly helped increase it even more than the stimmy checks have.

https://www.usinflationcalculator.com/inflation/current-inflation-rates/