The 2024 Election —What did we learn?

[Guy Chamberlin]

It's neither. The stock prices are going to go up because they know companies are getting less taxes and regulations. I'm sure some CEOs will get some nice bonuses from this and then also pay less in taxes. 

Some days the stock market surges and the reason cited is bullish first quarter returns for NVIDIA. Next week it drops and the reason cited is concern over a potential Mideast war. Then it goes up because of a promising jobs report. Then it goes down over a drop in consumer confidence. 

But in the long haul -- the one the institutional investors are on -- the market tends to drive itself, without daily or weekly or even political rationalizations. It was getting along just fine with the Bush administration until the investment banks and derivative bundlers made trillions of dollars disappear in 2007 -2008. The market rebounded surprisingly fast and soared to record levels under the Obama administration. It continued its arc under Donald Trump until COVID took its cut. Then rebounded surprisingly fast again under Biden, soaring to more record levels.

The market doesn't like uncertainty, and at the very least the election offered certainty. The market had clearly thrived under both administrations, and CEOs never stopped being fabulously compensated. When the market has a bad day in the next couple weeks, it won't be because it suddenly changed its mind about the Trump election, it will just be back to the ebb and flow we pretend to understand.

Get ready for Trump to take full credit for the already robust U.S. economy.

 

[teachercd]

JFC. I’m out.

I’ll be back when the paranoia has passed.

Hahaha! 

 

[PasstheDamnBallGuy]

Some days the stock market surges and the reason cited is bullish first quarter returns for NVIDIA. Next week it drops and the reason cited is concern over a potential Mideast war. Then it goes up because of a promising jobs report. Then it goes down over a drop in consumer confidence. 

But in the long haul -- the one the institutional investors are on -- the market tends to drive itself, without daily or weekly or even political rationalizations. It was getting along just fine with the Bush administration until the investment banks and derivative bundlers made trillions of dollars disappear in 2007 -2008. The market rebounded surprisingly fast and soared to record levels under the Obama administration. It continued its arc under Donald Trump until COVID took its cut. Then rebounded surprisingly fast again under Biden, soaring to more record levels.

The market doesn't like uncertainty, and at the very least the election offered certainty. The market had clearly thrived under both administrations, and CEOs never stopped being fabulously compensated. When the market has a bad day in the next couple weeks, it won't be because it suddenly changed its mind about the Trump election, it will just be back to the ebb and flow we pretend to understand.

Get ready for Trump to take full credit for the already robust U.S. economy.

Yeah that is a good point about the overall picture. It will be more individual  company level increases from tax cuts and dereg. Chevron being overturned and protection agencies being gutted and ran by morons is also going to long term boost some of these companies and make life miserable for a lot of people. 

 

[nic]

Holy Schnikes! I found a Dem strategist that gets part of it. I like her. She will probably get fired tomorrow. 

https://www.cnn.com/2024/11/07/politics/video/democratic-party-went-wrong-julie-roginsky-digvid

 

[commando]

What took you so long?
I learned that four years ago.

4 years ago trump was still president.   we all should have learned then that america was fine with a felon 

 

[Danny Bateman]

I think RFK Jr. is an utter moron and think he will do a lot of stupid s#!t.

And I don't really have any hope.

But I actually think something should be done about unhealthy food. All subsidies that help produce sugary foods/corn syrup should go away. Soda and other foods that meet a certain threshold of sugar % should have their taxes raised to the cigarette tax (20%) and they should not be purchasable with food stamps. 

Michelle Obama already tried this and people lost their damn minds. Now they applaud it heartily. I wonder what changed?

 

[commando]

i wonder if this election will turn out much like Brexit did...years from now will we deeply regret the results?

 

[Guy Chamberlin]

1 hour ago, Apsu said:

Bernie Sanders understands what happened, but the Democrats are still clueless.

Here's something we agree on. 

But post-mortems aside, Bernie understood why Kamala Harris was unquestionably preferable to Donald Trump. I'm assuming you couldn't follow him to that place.

 

[teachercd]

Michelle Obama already tried this and people lost their damn minds. Now they applaud it heartily. I wonder what changed?

She messed with school lunches!

When a 13 year old boy is hungry at school he wants a Crispitoe!  Not veggies!!!

 

[Apsu]

Here's something we agree on. 

But post-mortems aside, Bernie understood why Kamala Harris was unquestionably preferable to Donald Trump. I'm assuming you couldn't follow him to that place.

Nope.
The best Bernie Sanders died on July 25, 2016.

 

[Archy1221]

Bro's before Ho's, my dude. 

What if the woman isn’t a Ho? 

 

[Archy1221]

JFC. I’m out.

I’ll be back when the paranoia has passed.

Don’t blame ya and Good luck.   It’s gonna be at least four years before that.   
 

I can’t believe that people actually believe Trump will be the thing that causes the military to turn against its own people and us turning into a Dictatorship.   LOLOL.   :laughpound

 

[Street Novelist]

Some days the stock market surges and the reason cited is bullish first quarter returns for NVIDIA. Next week it drops and the reason cited is concern over a potential Mideast war. Then it goes up because of a promising jobs report. Then it goes down over a drop in consumer confidence. 

But in the long haul -- the one the institutional investors are on -- the market tends to drive itself, without daily or weekly or even political rationalizations. It was getting along just fine with the Bush administration until the investment banks and derivative bundlers made trillions of dollars disappear in 2007 -2008. The market rebounded surprisingly fast and soared to record levels under the Obama administration. It continued its arc under Donald Trump until COVID took its cut. Then rebounded surprisingly fast again under Biden, soaring to more record levels.

The market doesn't like uncertainty, and at the very least the election offered certainty. The market had clearly thrived under both administrations, and CEOs never stopped being fabulously compensated. When the market has a bad day in the next couple weeks, it won't be because it suddenly changed its mind about the Trump election, it will just be back to the ebb and flow we pretend to understand.

Get ready for Trump to take full credit for the already robust U.S. economy.

This, right here.

 

[Guy Chamberlin]

What if the woman isn’t a Ho? 

Wow. You really don't understand Bro Culture at all. 

 

[Dr. Strangelove]

Don’t blame ya and Good luck.   It’s gonna be at least four years before that.   
 

I can’t believe that people actually believe Trump will be the thing that causes the military to turn against its own people and us turning into a Dictatorship.   LOLOL.   :laughpound

The funniest thing about this is that the Military leadership hates Trump and they all think he's a moron. Trump using the Military on people is pretty fast down my list of worries. 

I apologize, I wasn't able to respond when I asked about your personal priorities. I think Republicans will burn their political capital on extending the TCJA and an immigration bill. I can also see a strategic retirement out of Clarence Thomas, although the allure of staying in power is strong...