General Discussion

BobTheSubgenius

(11,560 posts)

27. High stock prices only affect the average person when they are on their way down.

Thu Jan 14, 2021, 01:49 PM

Jan 2021

Especially precipitously. There are scenarios in which people should take good news from Wall Street as good news for all, but it is generally only good for people who have the price of entry.

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**HAD** to go get coffee this morning (I try not to leave the house bc covid) [View all] Baltimike Jan 2021 OP

Glad you made it home safely. niyad Jan 2021 #1

This is about DownriverDem Jan 2021 #13

Yes.... and the stock market etc. is still doing well thanks to President Obama's hard work groundloop Jan 2021 #32

Good for you! 💖 MLAA Jan 2021 #2

They're weren't completely wrong potatoslayer Jan 2021 #3

Who do high stock prices help out directly? Not most of us. marble falls Jan 2021 #6

High stock prices only affect the average person when they are on their way down. BobTheSubgenius Jan 2021 #27

K shaped recovery. The stock market and the economy are not the same thing. radius777 Jan 2021 #9

The best two descriptions of how The Apprentice lurched along are from Penn Jillette and Noel Casler BobTheSubgenius Jan 2021 #31

Mine too, but DownriverDem Jan 2021 #15

seriously! same! In fact, I care more about everything else that the GOP mofos do LymphocyteLover Jan 2021 #23

Exactly! sarchasm Jan 2021 #40

Too many working/middle class people think the DOW is an indicator of the economy. CrispyQ Jan 2021 #4

Great video demonstrating the economic gap between wealthy anbd poor - thanks for sharing!! iluvtennis Jan 2021 #11

They also look at home interest rates being at all time lows and think it's a good thing Ferrets are Cool Jan 2021 #28

I get "Video unavailable." BobTheSubgenius Jan 2021 #37

american wealth as a slice of pie, cbs, video -nt CrispyQ Jan 2021 #39

Thank you. BobTheSubgenius Jan 2021 #42

Sadly, it's pretty much like I expected. BobTheSubgenius Jan 2021 #44

U can get coffee and creamer on Amazon yaknow, have it in 2 days, plan ahead Baclava Jan 2021 #5

I know! It's ordered, but running late nt Baltimike Jan 2021 #10

Well that sucks! Buy 2 extra next time, lol Baclava Jan 2021 #19

I thought of buying two this time, but I will just dpeak my mind Baltimike Jan 2021 #34

Lol, when everyone else was stockpiling TP, I was stocking up on coffee. cwydro Jan 2021 #33

Well done! Jay25 Jan 2021 #7

I did my Bi weekly loop today pwb Jan 2021 #8

not to digress, but i have a question orleans Jan 2021 #12

Poop story suegeo Jan 2021 #14

In the press & on YT... Duppers Jan 2021 #17

A number of references here on DU as well. Colbert mentioned it, also. niyad Jan 2021 #18

Some made out like bandits with tax cuts and investments IronLionZion Jan 2021 #16

I am indeed in Baltimore. It's just crazy. nt Baltimike Jan 2021 #35

I admit to being conflicted over their lost business, but I have not purchased food that I haven't hlthe2b Jan 2021 #20

It will be easier to look back and say "I might have been TOO cautious" than to look back and say Ferrets are Cool Jan 2021 #25

Exactly. hlthe2b Jan 2021 #26

Who knows what their news diet is. Probably Fox. Jetheels Jan 2021 #21

Good on you....but plan ahead so you wont have to get out into that madness that is a Ferrets are Cool Jan 2021 #22

It always makes me sad to see black people buying Trump's BS LymphocyteLover Jan 2021 #24

Some, particularly Black Men, identify with Trump's "hustler" ethos and overhyped masculinity NEOBuckeye Jan 2021 #36

De-programming will take a while BlueIdaho Jan 2021 #29

Fox news lobotomies are so easy to spot & don't discriminate. nt yaesu Jan 2021 #30

Maybe you were supposed to be there at that time MacKasey Jan 2021 #38

Well said Joinfortmill Jan 2021 #41

I am always baffled when POC defend trump in any way. Vivienne235729 Jan 2021 #43

Me too. Even the video I saw here of Asian Americans in the pre-rally after Trump denigrated China. live love laugh Jan 2021 #45

It drives me BONKERS to see that. I think for some people, if they don't experience the racism Vivienne235729 Jan 2021 #46

I had some Trump loving Vietnamese friends treestar Jan 2021 #49

Yup. It's like being a chicken and asking the colonel for a job. nt Baltimike Jan 2021 #47

You don't get credit when you use steroids. DontBelieveEastisEas Jan 2021 #48