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ProfessorGAC

(65,289 posts)

7. Others Have Answered, And...

Reply to kentuck (Original post)

Sat Aug 29, 2020, 01:32 PM

Aug 2020

...I agree. In addition, it's a bit of an illusion.
S&P has gone up 50+% since PINO took office. 12%+ per year.
It went from 770 to around 2,200 under Obama. That's 285% over 8 years. That's around 15% per year.
So, the supported markets are doing well, but they're gaining at an inferior annual return, and very likely below where they would be if PINO hadn't f'd things up.

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Highlight:

Why the stock market is doing so well in a crap economy? [View all] kentuck Aug 2020 OP

The federal reserve is getting money from the US Treasury kimbutgar Aug 2020 #1

Almost ProfessorGAC Aug 2020 #5

Just saw this on Twitter you are right it's bonds not stocks. kimbutgar Aug 2020 #9

It's Still Fed Intervention ProfessorGAC Aug 2020 #10

The PPT + corporate tax cuts spurring stock buy-backs rising stock prices PSPS Aug 2020 #2

When the FED loans the big banks trillions at near zero percent interest..... calguy Aug 2020 #3

The stock market is mostly a function of the profitability of large public companies unblock Aug 2020 #4

Well said. PoindexterOglethorpe Aug 2020 #12

More buyers than sellers. ooky Aug 2020 #6

Others Have Answered, And... ProfessorGAC Aug 2020 #7

Maybe some fat cats trying to help Dump? moondust Aug 2020 #8

The Stock Market has been largely decoupled from the general economy... Wounded Bear Aug 2020 #11