Posted on 01/22/2024 3:20:53 PM PST by millenial4freedom
The Dow Jones Industrial Average closed above 38,000 for the first time on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. The tech-heavy Nasdaq inched up to 15,360 by the end of trading on Monday. The major stock indexes kicked off the year with sluggish performance but began to turn upward in the middle of last week. The recent surge follows a stellar showing for markets in 2023, driven in large part by optimism about the prospects for a "soft landing," in which inflation comes down to normal levels while the economy avoids a recession. Investor enthusiasm about AI also helped drive returns.
(Excerpt) Read more at abcnews.go.com ...
WOW! As awesome as high temp records!
And a gallon of 1% milk just closed at $4.59 at my local supermarket.
At least that is what the AI-written articles tell us to do.
What does AI do with its insider trading gains? Buy all-organic electrons?
So even a stock has gone up in price.
Reminds me of the smoke and mirrors shenanigans they did to get the Dow up under Clinton.
Wonder what gimmicks they used this time.
want to get ahead of inflation? just buy AI stocks, it seems...
All my AI friends say the same thing.
Of course I ask them what does an AI entity need money for?
Their answer is “power”
Of course, stocks are a stable store of value. Prices aren’t affected by inflation - at all. /s
Get in the market or get crushed by inflation.
The Stock Market is not the Economy.
It is people and Corporations BETTING on the Economy................
Whee! (cue Happy Days are Here Again song)
prediction:
This year will be a fake prosperity time to try to save the deep atate from Trump.
If Joe Potato “wins”*, reality hard recession or worse.
If Trump prevails, against the gates of Hell coming at him, deep state pushes the Lehmen Brother button like Elf on a highrise office elevator.
Thank joe for the robust economy. Where would we be?
Good time to sell before the crash.
(The Dow Jones Industrial Average closed above 38,000 for the first time)
It’s the bee’s knees!!
Maybe Joe asked his billionaire buddies to pump some stocks so Democrats can claim the Biden stock market out performed the Trump stock market.
One of my wife’s best friend and long time friend told my wife today that her husband just retired as a financial advisor based on his/their gains last week and this week.
Basically, he was invested in the three major markets and some gold.
Also, he had a severe health issue last year.
As of December 2023, the historical average yearly return of the S&P 500 is 9.26%, assuming dividends are reinvested.1 Adjusted for inflation, the 150-year average stock market return (including dividends) is 6.93%.
Pretty soon I might just drink water out of my neighbor’s hose to save money…
Which means poor, young, and lower IQ are being crushed.
CC debt is an all time high, while savings nears a low.
I have seen a ton of articles on companies doing mass layoffs.
This doesn’t bode well.
Please ping me just before the crash! I'll need a few days heads up, thanks.
War and global instability bring uncertainty, and people look for safety. People are pouring money into the US stock markets. Where else are they going to invest? China? India? Brasil? US dominance of the "global stock market" is rising.
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