Chip Bok for January 17, 2020

I’m so glad my stocks are up. Wait a minute…I don’t have any stocks.

I’m so glad stocks are THE ONLY THING THAT MATTERS!

It sure was nice of Republicans to take that attitude back during the Clinton administration.

I pity th’ fool when this bubble bursts.

And he did it all by himself. Yeah right.

The last 3 years have been highly unstable. The same up trajectory as under Obama but with much bigger swings. That means the economy is as solid as it was under Obama despite Trumps’ efforts not because of them.

If you understand anything about economics, trade, the market you know full well that there is a big ball of hurt headed our way.

But yay, other people are making money and will expect the rest of us to save them after the Big Trump crash.

Yeah stocks are up. But, the way things are set up in this country, only a few benefit. And, BOY, do they benefit!

Has nothing o do with rump! Give me a break

Stock market at 29,000. Cool. Let me check my portfolio. Oh, right. I’m on disability, living monthly check to monthly check. And the Republicans want to cut my benefits to pay for the tax cuts for the 1%. So, I won’t be voting Republican any time ever. Sorry, Chip.

My portfolio has done extremely well since January 2017, but my honor cannot be bought.

And would DJT thank Obama for making it possible?I don’t think so.

So the stock market trumps (sorry) the Constitution? More drivel from a small mind

What does the stock market have to do with anything, really. It doesn’t result in the creation of good jobs — just more money for the few..

Stocks are high because your pay is low, companies rejoice.

If the economy is so flaming good, then why is Wheeler Mission (Indianapolis’ primary homeless shelter) running out of beds every night? If the economy is so flaming good, why do over half of Indiana public school students (and charter school students) qualify for free lunches? If the economy is so flaming good, why are the food-banks running with empty shelves?

fusilier,

James 2:24

The stock market is the capitalists yardstick. But.. all it means is that companies are doing well.. keeping costs down and shareholder profits up. The rest of us pay for that by low wages, higher taxes and ever increasing prices for goods and services.

The cool thing about massive tax cuts is that while you get a check for a couple thousand dollars back when you file your taxes, the top 1% gets back billions. See, a win-win! Being able to print money is awesome, really takes the headaches out of budgeting.

It doesn’t look to me as if the Dow Jones is behaving any differently at this point than it was any time during the Obama administration.

https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years

Thanks Obama, you created a trend so strong, Trump had to pump in over $2 Trillion of borrowed money to give the illusion he could sustain it. I wonder who they’ll blame when the bill comes due?

@Comic Man: “Any 401 k retirement program is tied to the stock market.”

Which is why the government created them in the first place. The big-money stock-market investors simply weren’t making “enough” profit if they were only competing against each other. They needed a massive increase in the “small” — and ignorant — “players” to inject more cash into their game. So they got the government to create a system — and an advertising campaign — to convince “the average Joe” (and “Jane”) that they would be guaranteed more — and more “secure” — income in retirement if they gambled in the financial markets than if non-profit experts (e.g., Social Security administration employees) managed the funds.

In the early 1980s, when the 401k concept first became widespread, the DJIA was less than 1000. Are the companies which make up the Average really creating 30 times as much product value today as they were then? If they are, that’s not what’s really driving the market price of many (most?) stocks, which can vary more from one day to the next after a Trump tweet than after an actual product or profit announcement.

Did he misspell “deficit”?

Yes, so far not even Trump has been able to end the Obama Recovery.

I remember 6 years of stock market growth between 2010-2016 and GOP were all saying “not real, fake news, Obama had nothing to do with that, and the economy was doing terrible”. So yeah, Chip, your hypocrisy is noted once again.

Deficit?

Chip has never heard of that word or that concept.

.

#TraitorTrump

Donald Trump is the guy who entered the game as a pinch runner at third base who gets to run home, and claims he hit a home run.

https://www.marketwatch.com/story/trump-didnt-transform-the-economy-its-mostly-the-same-as-it-was-under-obama-2019-11-12

It’s Obama’s fault, he started it 10 years ago.

I see the lead up to a repeat of the 1920’s and 30’s because of conservative mismanagement of the economy and government programs. Republicans are replaying parts of the Bush 2 years. That turned out well.

Next, Bok will illustrate which part of America’s population really benefits from this high stock market!

[ Warning … Don’t hold your breath. ]

More smoke and mirrors from this administration… All 45 has done is take the economic progress made by the last administration… take off all of the safe guards… redirect the flow of money to the richest… spike the the national debt… raise taxes, both directly and in the form of tariffs for all but the richest… and put us right back in the position we were in before 2008.

Measuring the economy by the value of the DOW is insane… unless you’re one of the few, the rich, the obscene.

Go ask a independent farmer how his stock’s are doing. For that matter ask the 99% of the country that isn’t part of owning stock. Maybe when wages get up to the year 2020 level instead of 1975 the rest of the country can get in on the game. As of now it is rigged to the 1%.

Stock market is way up as Trump’s impeachment moves from the House to the Senate – must mean that the business world approves.

The braying of asses, love it.

The current administration has done nothing to bring this about.

Stupid to think Trump is helping the economy. Do any rational people think adding more than $1 trillion per year to the national debt has no consequences?