Trump quiet on markets after stock rebound robs him of 'Kamala Crash' attack line
Trump quiet on markets after stock rebound robs him of 'Kamala Crash' attack line
Donald Trump used the stock market meltdown on Monday to attack Kamala Harris' economic record.
For the past 8 years, all I've wanted was for Trump to shut the fuck up. And I must not be alone because he finally has and it's made the news.
The wealthiest 10% of Americans own 90% of the stock market.
There’s a supermajority of Americans who give zero fucks about the stock market
The majority of americans ( >60%) are invested in the stock market. It does matter to and affect them.
And how much did they invest?
If it is less than 1000, they still don't care as much either.
Actually, I know very few people who do not have stocks through IRAs or 401Ks.
But probably nobody who has enough to quit their job right now, much less live it up.
Those stocks are meaningless to most people for multiple decades tho, and within a decade will bounce back just like they did last time.
Unless there's a sustained loss or they don't have much time till they need to start withdrawals (in which case they should have most money in bonds, not stocks according to my retirement dude), these are just bumps in the road to normal people. It's only the wealthy whose numbers are directly related to the stock market who really cares. But they control the media, so the sky falls every time stocks have an issue.
Yeah, but the amount of stocks owned by them is miniscule compared to the richest 10% of the United States.
IMHO, the jobs report and recession indicators are the bigger problem. That would have a real impact on working people.
I wish more people realized this.
It does affect us help your community
Eh, when the stock market does well everything stays the same, when it does badly you lose your job all of a sudden. People care about the stock market in that sense. (In addition to retirement funds and the like, sure you take the long term view on those, but the closer you get to retirement the less you want to see any kind of correction).
even if you own stock, you either don't do it for the money (votes) or you need it to go up and down occasionally to buy low and sell high.
nobody enjoys spending >$200 per share, as it ties your gambling money, gets you less votes per buck and has so much more room to go down than up.
Stocks also pay dividends.
The best way for most people to invest the stock portion of their portfolio is to stuff it in an SP500 index and forget about it. When you include transaction costs, it's very hard to beat this strategy consistently, especially with comparable risk. Jumping in and out when you think it's going to go up or down only works with extreme luck. What money you do make over staying in the market is almost always siphoned away by transaction costs.
So…. We get news when he opens his lying mouth. And now we get news when he doesn’t? People in the future are lucky they won’t have to deal with this piece of shit.
I envy them.
People in the future are going to have him in their history textbooks, so don’t feel too bad
I’d rather him in a textbook serving as a cautionary tale than in the White House serving as a dictator.
People in the future are going to have him in their history textbooks
Don't be too sure of that. The1933 plot by fascists isn't in textbooks because it implicated rich people. "The Plot to Seize the Whitehouse" is an absolutely fascinating and short read!
“This moment could set off a real economic calamity around the globe. It requires steady leadership — the kind President Trump delivered for four years.”
Yeah, that's what that was. Not utter chaos. No, you're misremembering.
Did he short anything when predicting the "crash"? No? Then he's full of shit, as usual.
Japan had a bad enough day that it rocked every market on the globe. But it rebounded almost instantly, and everything stabilized.
The Trump logic: When markets go up, it's in anticipation of his second term. When they go down, it's the Kamala/Biden/Democrat crash.
This guy is out there.
This is a horse-shit article. Unemployment is in the economic sweet spot, between 3% - 5%. There is no sign of recession, except in DonOLD's demented wishful thinking. Japan's market took a tumble and repercussions influenced the market for a couple of days.
wow. can you believe the speed and adeptness she fixed that. man I remember the crash in trumps term went on for much longer.
This flaccid asshole looks more like his mother every time I have the misfortune to see his photo.
It's worth pointing out when Trump is hypocritical, but remember that his supporters don't care. He doesn't care. We should care, but we should never expect them to.
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https://www.cnbc.com/2024/08/06/trump-republicans-harris-stock-market-wall-street-election.html