The Dow Jones Broke 30,000 For The First Time

Topic by ResidentEvil7

ResidentEvil7

Home Forums Money The Dow Jones Broke 30,000 For The First Time

This topic contains 5 replies, has 5 voices, and was last updated by Monk  Monk 1 month ago.

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  • #935511
    +5
    ResidentEvil7
    ResidentEvil7
    Participant
    11734

    Trump pulled it off today, getting the Dow Jones to break past the 30,000 mark for the first time in history. I knew that if it were to happen, it would happen under his watch.

    Keep fighting for us, Trump!

    Trump Republican For Life - Make America Great Again

    #935515
    +3
    Monk
    Monk
    Participant
    19972

    It’s all a delusion, a vast bubble. The entire Western economy is built on air.

    #935533
    +1
    Bstoff
    bstoff
    Participant

    It’s all a delusion, a vast bubble. The entire Western economy is built on air.

    But Trump is forcing it to perform for him and the people.
    He is now forcing the rest of the government, all of it to perform for the people, too.
    All legal votes are going to be counted and the illegal votes will not.

    I will be disappointed if we don’t have arrests of many high-profile people in the next year.

    #935548
    Ranger One
    Ranger One
    Participant
    17646

    I’ve said for the past 20 years that the stock market is not the economy.
    The real economy is f**ked.

    I’m more interested in when the Dow Jones hits 3,000.

    All my life I've had doubts about who I am, where I belonged. Now I'm like the arrow that springs from the bow. No hesitation, no doubts. The path is clear. And what are you? Alive. Everything else is negotiable. Women have rights; men have responsibilities; MGTOW have freedom. Marriage is for chumps. If someone stands in the way of true justice, you simply walk up behind them and stab them in the heart-R'as al Ghul.

    #935557
    +1
    FrankOne
    FrankOne
    Participant
    1898

    The US economy isn’t built on air, but debt. Eventually, probably in the next few years, the federal government’s credit rating will drop and it will become more expensive to borrow. The question on my mind is, will technology and productivity increase enough to mask it? With a smaller workforce, the ponzi programs such as socialist insecurity will require ever-higher payroll tax rates since they are pay-as-you-go where current generation pays for current retirees.

    I’m up a million dollars in net worth year-over-year since Oct 2019 — granted I was lucky and most of my stock holdings were in tech. Is it a gamble? Sure. Did I have to exhibit resolve not to sell earlier in year? Yes. Did I have b~~~~ of steel and plough even MORE money in in the middle of the sheeple’s panic-demic? Yes. But I wish I’d invested LESS in real estate and even MORE in equities over the last 2 or 3 years; had the money spent on the last home I purchased and renovated for rental been invested in the market, that return would have been much, much higher than the real estate return!

    The media is almost done blaming Trump. Now that it is clear vaccines will work against the panic-demic consumers are going to be shopping again. So it’s a good time to buy, even if there are more bumps along the way in December — the media would like to bash Trump if a few hospitals fill up. Buy those dips should they occur.

    And Trump didn’t pull anything off with the stock market. The Republicans did lower the Corporate Income tax; for that I will give them much credit; but the trade war and tariffs and other policies have certainly NOT helped markets. When we have to pay more for steel and everything else in heavy industry, we cannot expand production and increase productivity. So these policies are similar to taxes in that they reduce growth. The best thing for markets will be a stalemate/gridlock in which Republican gangsters control the Senate and Biden gangsta is unable to get ambitious big-government programs rammed through. But Trump did not shrink government spending — under Republican ‘leadership’, federal spending was 31% of GDP in 2020. And creepy sleepy Joe will grow it even more.

    ‘Let’s make sure this crisis doesn’t go to waste’ – Corrupt former Chicago mayor ‘Rahm it up your @ss’ Emanuel summarizes my contempt for government nicely.

    Always keep in mind the time value of money. Even saving $10,000 a year for 20 years and ploughing dividends back in will reap big rewards…

    #935586
    +1
    Monk
    Monk
    Participant
    19972

    The US economy isn’t built on air, but debt.

    Debt is air. Banknotes are a ‘promise to pay’ which can be rendered worthless at any time. These debts are not real assets. They create ‘money’ which they lend, but it is secured on real assets, which they then take.

    Now that it is clear vaccines will work against the panic-demic consumers are going to be shopping again.

    Another fraud.

    Always keep in mind the time value of money. Even saving $10,000 a year for 20 years and ploughing dividends back in will reap big rewards…

    Would that so-valuable ‘money’ be government issue paper-fiat currency? And bear in mind that with the touch of a button, they can take it anyway – as they trialled in Cyprus.

    The only true currencies are food, gold and bullets.

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