All the polls you've seen
[QUOTE=CaliGuy;2691066]Unbelievable lies again. All the polls I have seen are all the exact opposite. Show proof from a legit news site or just admit you made up those numbers. 15 months of Biden created worse inflation in 40 years and GDP is going down dramatically. Trump is looking like a saint now.[/QUOTE]And yet, you don't bother to post one of those polls, do you? Why don't [B]you[/B] post your "sources" from "legitimate news sites"? You don't have any sites or polls other than polls from some rightwingnut troll sites. And if anyone else posts polls from legitimate news sites, you will deride those sources as "fake news".
House of Cards 2008, not 2000
[QUOTE=MarquisdeSade1;2691159]Clinton won the "It's the economy, Stupid" presidential contest in 1992. Then he and his Dems passed legislation that laid the foundation for one of the longest and best economic boom times in history that was so opposite what Reagan or any other Repub had done not one single Republucan voted for it based on that objection.
Its the economy stoopid? And only the stoopid voted for that turd, he was installed by wall street to gut welfare for the poor and repeal Glass Steagal and shove the CCP onto the WTO.
I'm pretty Bush 41 would never been able to get any of that garbage thru.
Then the house of cards imploded the global economy with the liar loans in 2008 etc.
Thanks to all the dirtbags that voted for the slimiest criminal the White House has ever seen.[/QUOTE]Glass-Steagall was repealed and replaced by an overwhelming veto-proof Repub majority in the Senate, like 90%. Clinton, who was a lame-duck against anything the Repub majority in both Houses of Congress wanted in November 1999, had little or nothing to do with it.
And that is aside from the fact that not having Glass-Steagall or having 1000 of them in place instead of its replacement Gramm-Leach-Bliley in place had practically zero to do with Bush2's Great Repub Crash 9 years later.
No regulation would have prevented it if the economic steward at the top, Bush2, had no interest in enforcing "evil regulations", particularly regarding banks and investment organizations which is why his Office of Thrift Supervision in his Treasury Department supervised nothing, checked nothing, did nothing and presented nothing for congressional oversight all during the years those liar loans were being made. Um, that was the department charged with preventing those liar loans from sailing through unrestricted. The one under Bush2 or any other Repub would not have enforced Glass-Steagall or bothered to do one damn thing to stifle the one and only economic "accomplishment" throughout their boss' 8 year term; a slight and as it turned out, temporary, uptick in homeownership.
Name a banking regulation proposed and diligently enforced by Repubs before or since Reagan wannabe Bush2's Great Crash and Recession.
A new economic data point?
[QUOTE=DramaFree11;2691106]Delusional the economy is in the tank. Even the liberal TV networks are reporting about this. Just take a look around, I just hope things do not get worse, but unfortunately I think things are going to get much worse unless Biden wakes up and gets someone to takeover or help him out.[/QUOTE]I see a lot of wingers are now citing popular poll numbers to measure economic conditions rather than the, you know, more traditional ones like jobs creation, the unemployment rate, GDP Growth trends, consumer spending, hell, even corporate profits, etc.
Very strange.
For example, it isn't my "opinion" that Carter's economy produced jobs in numbers and percentages that dwarfed those of Reagan on an annual average basis, that the unemployment rate and inflation both began to trend downward decisively month over month almost a year before Reagan took office, that Carter's mini recession, purposely induced and controlled specifically to cool down an overheated economy that was producing far more jobs than there were applicants to take them, began and ended over the course of barely 2 consecutive quarters in early 1980 and did not continue into late 1981 when Reagan's Great Recession began and so on.
No, the credible economic data source links I have provided here several times and just did again show exactly those things happened. No amount of subsequent election results, popular poll numbers or MSM spin can change them.
So too with Biden's amazingly positive economic, national security and foreign policy results just 15 months after the worst and most challenging Repub-to-Dem handoff in history.
But as long as we are talking about the way the economy makes Americans "feel" regardless what the facts state, let's add this Gallup poll from less than three months ago to the one posted recently showing 58% of American adults judging the economy just 15 months later being Fair, Good or Excellent:
[B]Satisfaction With Own Life Five Times Higher Than With U.S.[/B]
[URL]https://news.gallup.com/poll/389375/satisfaction-own-life-five-times-higher.aspx[/URL]
Yeah, it looks like about 85% feel quite satisfied with how things are going for them personally no matter how hard the typically pro Repub Mainstream Media tries to convince them otherwise about the economy in general.
Interesting, isn't it?
Great examples all 3 of them
[QUOTE=PVMonger;2691403]Clinton destroyed the country? Record economic growth destroyed the country? Unemployment falling from 7.3% to 4.2% destroyed the country?
Oh, wait. I know what you're thinking! Getting a BJ destroyed the country!
This is typical rightwingnut thinking. Give the Orange Buffoon a pass for fucking Stormy while Melanoma was taking care of baby Barron. Give the Orange Buffon a pass for lying about the $130,000 payment to Stormy too. Give the Orange Buffoon a pass for lying about COVID. Give the Orange Buffoon a pass for making over 30,000 "false or misleading statements" during his four-year reign of terror. Give the Orange Buffoon a pass because he can't even correctly say the name of his own (failed) social media platform.
But by all means say that Clinton destroyed the country by getting a hummer and trying to weasel his way out of it.[/QUOTE]Bubba Barry Hussein and Biden 3 fucking turds.
They should never be trusted with power, they are all poor trash.
And sold this country out for a few pennies.
All 3 belong in the same cell so they can ass fuck each other for the next 30 yrs.
Instead of fucking the American people.
Case in point Bozo just gave Barry Hussein 100 million WTF how the fuk is that legal?
Not for nothing I might add.
But for being a good little uncle tom house slave, now sit in the corner and keep your mouth shut.
Like the good little ***** he is!
But low, sell high beats the market
[QUOTE=Elvis2008;2691522]Nobody uses the NASDAQ? Some of the biggest NASDAQ stocks are in the Dow and S&P 500.
You know what would be great? You list all your investments right here EIH. I told you what I was have. They were up between 8 and 10% today.
There is no way someone as clueless as you made enough money in the market to retire. Tell me what you own right now and how you are betting on the Biden boom and what you had with Trump. I need the laugh.[/QUOTE]The point is about 75% of the biggest stocks in the market are in the S&P 500 Index. That's why it is the industry standard for measuring the broad USA stock market on a daily, weekly, monthly and annual basis. And, of course, the Wilshire 5000 Index includes all the stocks in the S&P 500, the NASDAQ, the DOW, everything.
The latter is what the fund I have owned, bought and sold for decades tracks. The Vanguard Total Stock Market Index Fund. Well, I tend to rebalance that one at about 90% of my equity holdings with a Global Equity Fund at about 10%.
There has been little reason to take individual stock risks over the decades in order to do well in the market and numerous studies have shown it is a superior way to win in the market for most investors anyway. Unless you just enjoy researching, speculating and working on it every day or week, in and out and all that stuff. I don't. But name a stock, yeah, I own it too.
Remember the million dollar bet Warren Buffet made that a simple investment in a broadly diversified Index fund would beat some 80% or more of actively managed portfolios? He won that bet.
Naturally, as anyone would know, a simple "buy and hold" strategy of such a fund can only match the market, minus a fraction of 1% for fees and such, which historically is still quite good and still beats the majority of actively managed funds and portfolios with no effort at all.
However, in order to do even better, to beat the market, it will depend on if and when you buy and if and when you sell, right? That is what I did as well. I did not just "buy and hold. " I managed to accurately prognosticate a couple of market tops and market bottoms over the decades and shifted my money into a money market safe haven at or near the top, wait out the decline and bought back in at or near the bottom.
Buy low, sell high, you know. That can be done for a fund within a tax deferred instrument like a 401 k or an IRA just about as easily as it can be done with any individual stock. Oh, not on an hourly basis throughout the day and that kind of craziness. I had other things to do for the day. You can do it on the close of the market session.
On the Nasdaq thing, I'm sure even you must be able to figure out an index is not useful as a meaningful measure of the total USA stock market just because it has some big stocks in it. In fact, the more narrow the index and bigger the stocks in it, the least useful for that purpose it is likely to be. But it is a fine measure for how those particular big stocks are doing on an hourly basis. If that matters to you.
