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  1. Hi there... Can you please quickly check to make sure your email address is up to date here? Just in case we need to reach out to you or you lose your password. Muchero thanks!

Dow on longest winning streak in 6 years

Discussion in 'Too Hot for Swamp Gas' started by citygator, Jul 24, 2023.

  1. citygator

    citygator VIP Member

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    Looks like Bill Clinton 2.0, or better known as Joe Biden, is running the economy on a serious winning streak and possibly peering at a golden age. If the Ukraine war unwinds and we continue to push pass the Covid nonsense we might see some really good returns and growth. Republicans are trying to teach children slavery was good, while Biden has the best labor market in US history and easing inflation. Party like its 1995. :) What could go wrong?

    Live: Dow rises nearly 200 points, extends rally to 11 days for longest winning streak in six years

    https://www.cnbc.com/2023/07/23/sto...are|com.apple.UIKit.activity.CopyToPasteboard

    The Dow Jones Industrial Average rose Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve.

    “So far, there’s no evidence of a recession. So as long as there’s no evidence of recession, and I think the market will probably continue to melt up; people are chasing,” Steve Eisman, senior portfolio manager at Neuberger Berman, said on CNBC’s “Squawk Box.”

    Investors are bracing for a major Federal Reserve decision and an intense week of earnings from a broad array of companies.
     
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  2. ThePlayer

    ThePlayer VIP Member

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    Slick Willy actually compromised with Republicans and became a good POTUS after staining a dress or two in the late 90's.
    Biden has no intention of compromising with anyone and he's not even remotely in charge of running his own Presidency.
    The markets are temporarily moving upwards in spite of him.
     
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  3. Sohogator

    Sohogator GC Hall of Fame

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    It’s posts like this that keep me coming back. The brazen confidence in alternative facts with no underlying knowledge.
    LOLZ
     
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  4. vaxcardinal

    vaxcardinal GC Hall of Fame

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    As long as my 401k balance is going up, I don’t care
     
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  5. swampbabe

    swampbabe GC Hall of Fame

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    We’ve made almost 700K this year. I’m good
     
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  6. G8tas

    G8tas GC Hall of Fame

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    I am going to start calling you The Spin Doctor
     
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  7. Sohogator

    Sohogator GC Hall of Fame

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    no! They were a decent band. More appropriate “little miss can’t be wrong”

     
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  8. WarDamnGator

    WarDamnGator GC Hall of Fame

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    You sound so mad that America is doing well. Don't worry, it will tank again soon enough, when a republican is elected ... like it always does...
     
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  9. Sohogator

    Sohogator GC Hall of Fame

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    It’s like clockwork severe tankage every time they take over. Regan was an exception thanks to Volker and his massive deficit spending but the S&P fell 25% on one day due in no small part to lax regulation (a GOP hallmark) and severely over priced stocks (S&P trading at a 20 multiple thanks to said deficit spending) and he left a mess for Bush the elder who naturally wasn’t able to turn it around.
     
    Last edited: Jul 24, 2023
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  10. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    If this keeps up Biden won’t even break a sweat whoopin’ Trump’s pathetic orange ass again. GOP straight up needs a recession for any chance next year.
     
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  11. Sohogator

    Sohogator GC Hall of Fame

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    More like the Zombie apocalypse. Zombies are even stupider than GOP’rs they’ll vote for him in droves and he suddenly wont bark about dead people voting.
     
  12. ThePlayer

    ThePlayer VIP Member

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    Yeah, too bad Jimmy Carter isn't around with his 18% interest rates
    and inflation through the roof.
     
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  13. Sohogator

    Sohogator GC Hall of Fame

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    That was due to snap back of reversing of Nixon’s very stupid, no good, very bad wage and price controls. You seem to have almost zero knowledge of economics and how markets work and what you do know is wrongYou’ll be dismayed to learn that in four years the economy under Carter added nearly 10m jobs in spite of Volker’s (most effective fed chairman ever) austerity measures. You should stop, you are embarrassing yourself.
     
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  14. WarDamnGator

    WarDamnGator GC Hall of Fame

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    Have to go back 45 years to find a democrat with a tough economy, huh? Since then ... Reagan had the Black Monday Crash, biggest and fastest crash in history, Bush I floundered and had "it's the economy, stupid", Bush II was the biggest trainwreck -- the great recession, and Trump ended with disaster although not entirely his fault ... still, it counts.

    If have anything in your 401, you have Clinton and Obama to thank for it.
     
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  15. ThePlayer

    ThePlayer VIP Member

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    Not mad at all, just have to disagree with the OP about Clinton 2.0 and the reasons for the markets going up.
    It's as ridiculous as Biden 'creating' 13 million new jobs and crediting himself for lowering inflation after his spending spree.
    There could only be such an extraordinary number of jobs added in 2021 and 2022 because there was such an extraordinary number of jobs lost in early 2020.
     
    Last edited: Jul 24, 2023
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  16. citygator

    citygator VIP Member

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    Thanks Trump!
     
  17. defensewinschampionships

    defensewinschampionships GC Hall of Fame

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    Something about Wall St and Main St. can’t remember who said it
     
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  18. G8tas

    G8tas GC Hall of Fame

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    The nation needed a true leader to bring us back from the severe loss of jobs. Thanks for helping us understand
     
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  19. orangeblue_coop

    orangeblue_coop GC Hall of Fame

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    Righties when the market does well under a Republican president
    [​IMG]



    Righties when the market does well under a Democrat president

    [​IMG]
     
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  20. l_boy

    l_boy 5500

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    This argument could be used for just about any period of recovery - and ultimately the economy is cyclical and you are pretty much always in recession or recovery.

    The other aspect to this is the rate at which the jobs were recovered. Unlike 2008, there was much more economic stimulus in 2020-2022, which lead to a much faster recovery, and also inflation and more residual government debt. You can’t criticize the inflation/debt and then ignore the upside of the rapid jobs recovery.
     
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