Current Events > CNBC: Trump stock market rally is far outpacing past presidents

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Purely
12/26/19 4:03:40 PM
#1:


https://www.cnbc.com/2019/12/26/trumps-stock-market-rally-is-far-outpacing-past-us-presidents.html

  • The S&P 500 has returned more than 50% since President Trump was elected, more than double the average market return of presidents three years into their term, according to Bespoke Investment Group.
  • Historically, years three and four garner the highest market returns for U.S. presidents.
  • The S&P will have to gain about 6% in 2020 to beat the average presidential return.


in before lol cnbc get a real source
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#2
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ArchiePeck
12/26/19 4:06:12 PM
#3:


IMAGINE not being able to get a good job when the economy is so strong!
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Purely
12/26/19 4:10:08 PM
#4:


shockthemonkey posted...
Wow things are doing great for people who can afford to invest that sure solves
my health insurance problems

More money in American companies means they invest more which means more jobs. The job market is truly booming. Way more people are working now than ever before. It's more like companies cant find ENOUGH workers because it's so strong. It's the best time there's ever been to be looking for work.
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#5
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MacDaMurderer
12/26/19 4:13:13 PM
#6:


Purely posted...
More money in American companies means they invest more which means more jobs

lol

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Purely
12/26/19 4:33:53 PM
#7:


Nasdaq also just hit 9000 for the first time ever.
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UnfairRepresent
12/26/19 4:35:12 PM
#8:


Careful TC

I got a topic deleted because it said something positive about Trump.

The mods consider it trolling.
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Purely
12/26/19 4:35:51 PM
#9:


UnfairRepresent posted...
Careful TC

I got a topic deleted because it said something positive about Trump.

The mods consider it trolling.

I know, I'm trying to be careful. Just reporting the positive news.
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gunplagirl
12/26/19 4:36:09 PM
#10:


Cutting taxes, safety and environmental regulations, removing laws that prevent the build up of monopolies. Of course the rich are doing better than ever. Not that it actually reflects on how well the working class is doing.

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SmidgeIsntBack
12/26/19 4:36:54 PM
#11:


That quote from the latest Mandalorian episode about how the Empire improved life across the galaxy because "the metrics"

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SK8T3R215
12/27/19 2:23:07 AM
#12:


This December rally is pretty nice.

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Geiki Ganger
12/27/19 2:27:21 AM
#13:


This will make the inevitable crash that much more painful. Why is no one writing about how the entire market is being driven up as a classic pump and dump scenario by investors who are hedging their investments at the same time. So in the end, only middle class people who throw their investments into stocks get burned.

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Dark_SilverX
12/27/19 2:31:56 AM
#14:


shockthemonkey posted...
Fuck yeah, youre right, now I can find 3 part time jobs!
This. And still have a roommate.

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dj1200
12/27/19 3:56:00 AM
#15:


So many part time jobs paying roughly minimum wage! Paradise!

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vigorm0rtis
12/27/19 4:02:17 AM
#16:


Benefits 22% of the population. Even as a person who has investments, this doesn't benefit to the degree that it evens out all the stuff that toolbox is fucking up.

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1337toothbrush
12/27/19 4:06:36 AM
#17:


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TheMikh
12/27/19 4:21:47 AM
#18:


the fed is and has had a hand in a lot of this, aside from the tax cuts / regulation / optimism boosting growth well above the obama era's gains

trump is shooting himself in the foot by not being frank and nuanced about this, as the downsides could come to haunt him

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vigorm0rtis
12/27/19 4:22:47 AM
#19:


TheMikh posted...
the fed is and has had a hand in a lot of this, aside from the tax cuts / regulation / optimism boosting growth well above the obama era's gains

trump is shooting himself in the foot by not being frank and nuanced about this, as the downsides could come to haunt him

Also: we have taken no advantage of this boom as a nation.

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The23rdMagus
12/27/19 4:25:34 AM
#20:


If the economy's doing so well, surely these companies have enough money to pay their employees decent wages, right?

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TheMikh
12/27/19 4:35:15 AM
#21:


The23rdMagus posted...
If the economy's doing so well, surely these companies have enough money to pay their employees decent wages, right?
judging by the corporate debt bubble, they're probably reinvesting like crazy

that or just doing leveraged buybacks for some godforsaken reason - anyone more informed, please feel free to explain this in detail

all in all though, if you want wage increases, you're going to have to control the labor supply to pressure companies to compete for it (or conversely, control the money supply), but that's kind of a hot-button conversation

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