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Under The Radar

(3,431 posts)

7. Still waiting on Armageddon - Wall Street seems to like that radical socialism stuff...

Reply to left-of-center2012 (Original post)

Mon May 10, 2021, 12:37 PM

May 2021

Sighting the lower than expected jobs report, Kevin McCarthy said on Friday that the economy was tanking under the radical socialist policies of Biden.
I for one do not feel that the Dow Jones industrials is a direct indicator of the US economy, nor that whomever is president has a direct affect on the performance of the Dow, but since Trump used the Dow as a barometer for how good his presidency was, it is fun to use the economic news to wipe their face in it.

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Dow Jones reaches 35,000 for first time [View all] left-of-center2012 May 2021 OP

Thanks, True Dough May 2021 #1

I thought the Dow was going to crash because Biden is president now kimbutgar May 2021 #2

Yep left-of-center2012 May 2021 #3

Political predictions about the market are almost always wrong. former9thward May 2021 #18

Biden is killing so many good jobs IronLionZion May 2021 #8

I think this bull market is just a market crash in disguise. Don't be fooled. JustABozoOnThisBus May 2021 #11

Trump: If Biden is elected, 'the stock market will crash' Botany May 2021 #4

Yeah but how long nykym May 2021 #5

Well Trump took credit for the market and the economy that President Obama helped to build. Botany May 2021 #6

Still waiting on Armageddon - Wall Street seems to like that radical socialism stuff... Under The Radar May 2021 #7

You're correct. The markets are only a piece of the overall economy. nt Progressive Jones May 2021 #19

oh boy, glad those wall street banksters can afford more gold toilets, got to order my DOW 35K hat yaesu May 2021 #9

Just posted that over at a Maxheader May 2021 #10

Is that a 14% rise in 6 months? OneCrazyDiamond May 2021 #12

Personally, wouldn't be touting market that much. It will fall at some point, as it did later today. Hoyt May 2021 #13

One welcome difference between Trump and Biden... jmowreader May 2021 #14

It didn't last long. Gore1FL May 2021 #15

Google says Dow Jones dropped 35 points today left-of-center2012 May 2021 #16

I look more like today's 1% S&P 500 drop than the .1% Dow drop, unfortunately. Gore1FL May 2021 #17