Down goes the Dow

look, Bill Clinton and Obama were good for markets, Bush2 was awful, Trump was ok not great.

Small sample, luck, sure maybe ok.

But recent history suggests Dems are quite good on the economy and Obama even kept the deficit in control after getting out of the great recession, which hit under a R president.

Although congress mattered too, of course. messy numbers.

Yes, I believe in polls. I'm sure nothing I could tell you would change your mind so I won't try. You could spend some time on google to do some study.

“Oil is the idiot’s fuel—burning it is cheap and easy, and proven. And the world is mostly idiots. Nuclear is sophisticated and expensive, socio-infrastructurally speaking. Both oil and coal will be important throughout our lifetimes. Nat gas as well.“

One of my good running friends bought a used Nissan Leak. Installed solar panels on their house. The goal was to be carbon free. They admitted they will never recoup the costs as long as they live. Even though we have abundant water our power is largely derived from coal and natural gas plants in Wyoming. So much for being carbon free. Certainly social reason outweigh rational decisions in this instance.

agip wrote:

Ghost of Igloi wrote:

Prior to the Republican tax cut the effective S&P 500 annual tax rate was 26.5%, in 2019 that rate was 17.5%. Largely that cut went into stock buybacks. So it is naive to say it does not factor into business decision. That is just another talking point for stocks will never go down.

Source?

I've read over and over that the effective tax rate for large companies fell one or two percentage points, more or less. THe big boys had very good accountants and lobbyists who arranged for tax deductions etc.

However, small companies that can't afford lawyers accountatns and lobbyists apparently did have a tax cut. But those aren't sp500 companies.

Right corner top:

^for those that care, in the same source one can see how insanely overvalued the S&P 500 is

Do you not think that any next D admin will lead to significantly less stability than did Clinton or Obama?

Yes Obama did have Obamacare which was an instability, but other than that, they just kept the sails trimmed. Trump has the whole China and Iran and embargo system, it is true that that is a major source of instability—along with shale—but no real wars, as everyone else has had. A bunch of troops just left Iraq.

I guess I would just personally like to see more regularity, regardless of whether each party would finish the next term at the same market level. And at this point, taxes loom large, in particular.

Maserati wrote:

Do you not think that any next D admin will lead to significantly less stability than did Clinton or Obama?

Yes Obama did have Obamacare which was an instability, but other than that, they just kept the sails trimmed. Trump has the whole China and Iran and embargo system, it is true that that is a major source of instability—along with shale—but no real wars, as everyone else has had. A bunch of troops just left Iraq.

I guess I would just personally like to see more regularity, regardless of whether each party would finish the next term at the same market level. And at this point, taxes loom large, in particular.

seems 100% clear to me that Dems are the party of institutions, steadiness and moderation.

I'm speaking of Dems at the leadership level, in DC. Not a few random flamethrowers.

Rs are the party of Trump, who was elected BECAUSE he is irregular and unstable.

If you want steadiness, I see you as wanting Dem leadership.

Or, elect Biden to insure corrupt institutions continue to run the country for personal gain.

Igy we are talking about stock prices, not about economic strength.

Trump tweets no stimulus until after the election. Stocks dive.

Unstable, indeed.

Really, really diving now. Sh!t.

Stupid miners, for what do they need stimulus?

Markets clawing back a bit.

Maserati wrote:

Igy we are talking about stock prices, not about economic strength.

Trump tweets no stimulus until after the election. Stocks dive.

Unstable, indeed.

Really, really diving now. Sh!t.

oh trumpy trumpy trumpy

you fool. Stimulus will help your campaign. Why are you being an idiot?

Oh never mind.

Ghost of Igloi wrote:

Or, elect Biden to insure corrupt institutions continue to run the country for personal gain.

Yes bit that playbook is as old as time, and understood and accepted.

Any large equity or bond you have ever had has been squarely within that system.

Sometimes, the devil you know...

I find myself wondering what his end-game is.

Biden? No problem—self-enrichment.

But Trump? What of his has benefitted from his tenure? His RE??

I have no idea, because he is also ill-equipped for anarchy. Maybe he is out for power itself. Maybe power is to him an end, not a means. I get that vibe from both Pelosi and Schumer, too—which is why they cannot coexist peacefully.

So, I have played it wrong, so far. Who knows what will happen henceforth. F me.

Maserati wrote:

I find myself wondering what his end-game is.

Biden? No problem—self-enrichment.

But Trump? What of his has benefitted from his tenure? His RE??

I have no idea, because he is also ill-equipped for anarchy. Maybe he is out for power itself. Maybe power is to him an end, not a means. I get that vibe from both Pelosi and Schumer, too—which is why they cannot coexist peacefully.

So, I have played it wrong, so far. Who knows what will happen henceforth. F me.

Not going to consider any post that says Biden is running for self-enrichment.

it's absurd when you look at the life of the man.

Absurd.

Net worth of $9 million. Oh that’s right, book deals. ?

agip wrote:

Maserati wrote:

I find myself wondering what his end-game is.

Biden? No problem—self-enrichment.

But Trump? What of his has benefitted from his tenure? His RE??

I have no idea, because he is also ill-equipped for anarchy. Maybe he is out for power itself. Maybe power is to him an end, not a means. I get that vibe from both Pelosi and Schumer, too—which is why they cannot coexist peacefully.

So, I have played it wrong, so far. Who knows what will happen henceforth. F me.

Not going to consider any post that says Biden is running for self-enrichment.

it's absurd when you look at the life of the man.

Absurd.

Do you really believe the BS that you spew? I used to think you were level headed. Not anymore.

agip wrote:

Maserati wrote:

I find myself wondering what his end-game is.

Biden? No problem—self-enrichment.

But Trump? What of his has benefitted from his tenure? His RE??

I have no idea, because he is also ill-equipped for anarchy. Maybe he is out for power itself. Maybe power is to him an end, not a means. I get that vibe from both Pelosi and Schumer, too—which is why they cannot coexist peacefully.

So, I have played it wrong, so far. Who knows what will happen henceforth. F me.

Not going to consider any post that says Biden is running for self-enrichment.

it's absurd when you look at the life of the man.

Absurd.

Ok.

What a day, holy carp. My worst period, ever.

agip wrote:

Maserati wrote:

I find myself wondering what his end-game is.

Biden? No problem—self-enrichment.

But Trump? What of his has benefitted from his tenure? His RE??

I have no idea, because he is also ill-equipped for anarchy. Maybe he is out for power itself. Maybe power is to him an end, not a means. I get that vibe from both Pelosi and Schumer, too—which is why they cannot coexist peacefully.

So, I have played it wrong, so far. Who knows what will happen henceforth. F me.

Not going to consider any post that says Biden is running for self-enrichment.

it's absurd when you look at the life of the man.

Absurd.

At this point, you are right. He got rich off his sleazy Russia and China deals and this was just for the power. Of course, at this point the man doesn’t even know where he is half the time. He’s just a useful tool for the radicals.

Oh, and you really need to stop watching so much CNN and MSNBC. You are just embarrassing yourself at this point.

Maserati wrote:

agip wrote:

Not going to consider any post that says Biden is running for self-enrichment.

it's absurd when you look at the life of the man.

Absurd.

Ok.

What a day, holy carp. My worst period, ever.

If this has been your worst day, I hope you’ll be alright when something really bad actually happens.