There's Nowhere To Hide In Biden’s Bear Market

m.knox

Well-Known Member
Gold Member
Aug 20, 2003
110,508
65,975
1
#BIDENCOOLEREFFECT

https://tippinsights.com/theres-nowhere-to-hide-in-bidens-bear-market/

Presidents come in many flavors. In President Trump, we had a President who obsessed day and night about the stock market’s performance. He presided over a stock market where the S&P 500 gained 68%, the Nasdaq increased 138%, and Dow was up 57%.

Recently, Larry Kudlow, director of the National Economic Council under President Trump, aptly described the current President. Kudlow says, “President Biden likes to ridicule the stock market.”

And, it shows. We finished the third quarter on Friday.

All three major indexes are in a bear market, dropping more than 20% from their all-time highs. The S&P 500 Index posted its third consecutive quarter of losses, its longest losing streak since the global financial crisis.
 
  • Like
Reactions: bourbon n blues

2lion70

Well-Known Member
Gold Member
Jul 1, 2004
18,033
6,414
1
One thing is certain about the stock and other markets. They change all the time. Most if not all movements are not the result of what any POTUS does - they are just there at the time. Inflation is also a market driven measure not under the control of any one person.
Executive actions have a minor role in market performance.
DJIA up about 700 this morning.
 

KnightWhoSaysNit

Well-Known Member
Jul 19, 2010
9,988
11,166
1
One thing is certain about the stock and other markets. They change all the time. Most if not all movements are not the result of what any POTUS does - they are just there at the time. Inflation is also a market driven measure not under the control of any one person.
Executive actions have a minor role in market performance.
DJIA up about 700 this morning.

So you agree then. Biden could be totally clueless and we would have the same result. Democrats could lead if republicans would just stay out of the way.

It is republicans causing problems.

Republicans are firing people for not getting shots, closing schools and businesses, constraining fossil fuels, recklessly spending public money, and worst of all -- making the Fed purchase unprecedented amounts of public debt that ...... drum roll ..... has been flooding the economy with cash, causing spiraling inflation.

Republicans are ruining everything !!!
 

2lion70

Well-Known Member
Gold Member
Jul 1, 2004
18,033
6,414
1
So you agree then. Biden could be totally clueless and we would have the same result. Democrats could lead if republicans would just stay out of the way.

It is republicans causing problems.

Republicans are firing people for not getting shots, closing schools and businesses, constraining fossil fuels, recklessly spending public money, and worst of all -- making the Fed purchase unprecedented amounts of public debt that ...... drum roll ..... has been flooding the economy with cash, causing spiraling inflation.

Republicans are ruining everything !!!
The worldwide markets are just too big and complex to be 'controlled' by any 1 person.
How many people, groups, countries are involved in the energy market?
Suppliers - US, Russia, OPEC, others
Users - consumers worldwide
Natural issues - earthquakes, hurricanes, fires, floods
 

bdgan

Well-Known Member
May 29, 2008
63,444
41,045
1
One thing is certain about the stock and other markets. They change all the time. Most if not all movements are not the result of what any POTUS does - they are just there at the time.
Here we go again.

Gas prices go up and down
Food prices go up and down
Inflation goes up and down
Crime goes up and down
Illegal immigration goes up and down

It's just coincidence that things have gone in a certain direction under Biden.

Good Grief!
 

2lion70

Well-Known Member
Gold Member
Jul 1, 2004
18,033
6,414
1
Here we go again.

Gas prices go up and down
Food prices go up and down
Inflation goes up and down
Crime goes up and down
Illegal immigration goes up and down

It's just coincidence that things have gone in a certain direction under Biden.

Good Grief!
That is correct. It's about time you see reality.
 

bdgan

Well-Known Member
May 29, 2008
63,444
41,045
1
The worldwide markets are just too big and complex to be 'controlled' by any 1 person.
How many people, groups, countries are involved in the energy market?
Suppliers - US, Russia, OPEC, others
Users - consumers worldwide
Natural issues - earthquakes, hurricanes, fires, floods
  • It's just not one individual, it's the democratic party.
  • Yes there are other influences but U.S. policy has a huge influence. Obviously not complete control but certainly a major influence.
2lyin logic:
  1. The government threatens to phase out fossil fuels, stops pipelines, cuts leases and permits, imposes new taxes on fossil fuel producers, and heavily subsidizes green energy.
  2. Oil producers invest less on new development and infrastructure.
  3. The reduced investment in #2 have nothing to do with the policies in #1. #2 is just a coincidence.
 

junior1

Well-Known Member
May 29, 2001
7,366
8,327
1
One thing is certain about the stock and other markets. They change all the time. Most if not all movements are not the result of what any POTUS does - they are just there at the time. Inflation is also a market driven measure not under the control of any one person.
Executive actions have a minor role in market performance.
DJIA up about 700 this morning.
I will agree one person cannot control what the market does....but one party in control of the government can.
under the current government (executive and legislative branhes) there is an underlying anti business bias. Now, before you ask for an example..look at the energy industry. Which companies are going to invest billions of dollars in infrastructure and/or new refinery when the government intends to put you out of business. Or how about the defense industry when the government makes a statement about increasing, or cutting, defense procurement budgets.
There are also discussions about the overall business environment, availability of money, chosen industry winners, price/earnings ratios etc.
I'm always amazed when the government denigrates business, business loses money, lays off employees and same people blast business for the cutbacks. They don't seem to see any contradictions
 
  • Like
Reactions: Hotshoe

Latest posts