DOW closes above 38,000 for the first time ever

Thanks Biden!

 

It would have been twice as high under the TDS hero

 

Increasing the wealth disparity by rewarding investment over labor?

 

Damn that Biden!

 

A month old, but relevant today

 

A man can still dream, can’t he?

https://www.cnbc.com/2024/01/09/biden-slams-trump-for-hoping-the-economy-crashes-in-2024.html

 

Beat me to it!

 

So to all the thanks Joe Bideners, do you think that 401k will buy anything close today to what it would 3 years ago?

 

yes

 

Uh ... welcome to America?

 

Assets rise with inflation. Most learned this in first Econ class. Those of us with the means benefit tremendously. All
My asset classes have increased. I personally have benefited and based on those increases I am insulated from the decrease in purchasing power of the dollar. The ones on here that virtue signal or feign concern for the little guy preach these policies that they know crushthe little guy. Congrats. Spike the ball. Job well done

 

Actually it would buy more. The S&P 500's cumulative return over the last three years is approximately is 27% well in excess of the cumulative rate of inflation of 12.6% since 2021.
ttps://money.usnews.com/money/personal-finance/family-finance/articles/inflation-calculator-see-how-much-inflation-is-costing-you

 

I realize there is a huge disconnect between academia statistics and what real people experience. There is nobody that will honestly answer that anything in their life has gone up 12%. Dinner at Outback, detergent, any basic groceries, cost of car, boat, jet ski, homeowners insurance. Property taxes. Anything in your garage, tool, garbage bags. We wish it had only gone up 12%. Just got some new luggage. 12% in 3 Years??? Stop it. Simply not accurate

 

There are multiple categories that have experienced price declines in the last 3 years. For example, computers and a lot of the peripherals are cheaper now than 3 years ago. That is why we use those statistics, because they aren't biased by the biases that lead you to believe every category has increased (because you noticed the increases but not the decreases).

 

lol @ complaining about costs associated with owning a boat or a jet ski. Won't someone think of the little guy?!?!

 

guess depends. Wife has family back
In rural Illinois where people buy tiny little aluminum boats to fish on nearby lake or pond. Their costs are less than a new iPhone where we know people find the money to buy

 

Bonds say hi.

 

Nearly 4 years late to that number... Right now... it's a false economy.