General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWill Wall Street Dow hit 20,000 on Friday to Set Trumps Propaganda Hype
Is The Fix in, I bet Vegas will be taking odds Thursday by me writing this if they are not already.
Warpy
(111,339 posts)if I had anywhere else to put it.
radical noodle
(8,013 posts)Buried in the backyard in a glass jar?
Alice11111
(5,730 posts)However, I don't always read others response to DT right.
I was scared, but I did not really think he could be elected...47% Romney rule, and the % of minorities grew, plus DT insulted and abused them. Who knew they wouldn't turn out at the last minute, and neither would whites in Wisconsin. Thanks Benedict Comey. (I guess MMoore knew.)
It concerns me that DT has Jamie Dimon (Hillary supporter) as an advisor. Very widely respected on Wall Street. Carl Ichan told him to do that. Today, Dimon tried to pump the markets for DT though, and it didn't work. It could be good though. Maybe people like Dimon can mitigate the odds of a serious depression, but it is more likely that he mitigates the odds of a Wall Street rebellion against DT.
Warpy
(111,339 posts)in the 1930s, kiss much of the portfolio goodbye as businesses simply go under without a trace and wait for the rest, eating oatmeal three times a day to survive the worst of it until the grownups take over. I'm in slightly better shape than she was, with a broadly diversified portfolio (thanks, Dad) and a cash cushion because I've never used more than half the income in any year.
It will just be really interesting to see the shape the next one takes, and of course no one knows what the right thing to do is until the whole mess is over and done with and people count up what's left.
My grandmother was quite comfortable again by the end of the 30s. While far from wealthy, she no longer had to live on oatmeal.
Response to Warpy (Reply #1)
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Warpy
(111,339 posts)who have stood in the way of their getting rich by insisting on a fair shake for everybody, not just a few white males. Never mind liberals went out of power in 1969 and this is their mess, this is how people who think we can achieve some sort of paradise by offing other people always think.
It is nice to think of a world with enough regulation to control the thieves, in which the novels of Ayn Rand are seen as horrible works of fiction glossing over the most utterly destructive human impulses and Goldman Sachs has suddenly realized that distributing wealth among all who work instead of hoarding it for the few who don't is a better business plan, it's something we will have to wait for.
Shakespeare was wrong, by the way, but he didn't anticipate the current plague of badly educated MBAs out there fouling up everything they touch.
Historic NY
(37,453 posts)pbmus
(12,422 posts)The money you put in should be money you can live without ,,,,especially after February 2017...
mitty14u2
(1,015 posts)Yo_Mama_Been_Loggin
(108,192 posts)Midnight Writer
(21,795 posts)Alice11111
(5,730 posts)...but DT will take the credit
Ilsa
(61,698 posts)and now is around 19,700. I think it'll start slipping once people stop spending money due to economic fears.